Global Atherectomy Devices Market 2016-2020

Global atherectomy devices market forecast

Atherectomy is a minimally invasive surgical procedure for the plaque that blocks vein grafts or coronary arteries. The recent rise in the incidence of peripheral artery disease across the globe, especially among the aging population, has boosted the demand for atherectomy procedures during the forecast period. Since many medical facilities are using atherectomy procedures to treat the peripheral artery disease, it will increase the demand and sales of atherectomy devices in the next few years. According to the atherectomy devices market analysis, Technavio’s market research analyst predicts that the global atherectomy devices market will grow at a CAGR of more than 5% by 2020.

Owing to technological advancements and product innovations, vendors have been compelled to replace traditional atherectomy devices with new technologies like laser-based atherectomy devices. These advanced devices are more efficient and have minimal complications. Vendors have also come up with devices that offer advanced features such as improved physician controls, ergonomics, and manufacturability. For instance, Avinger’s advanced version of Pantheris lumivascular atherectomy system is the first image-guided atherectomy device. The increase in demand for such innovative devices among physicians will augment this market’s growth potential during the forecast period.

Atherectomy devices market segmentation by technology

• Directional atherectomy
• Rotational atherectomy
• Orbital atherectomy
• Laser atherectomy

Orbital atherectomy is an advanced technology that helps remove plaque in difficult-to-treat patient population. The high revolving speed of orbital atherectomy devices makes the tissue remains small for their harmless excretion through the circulatory system and restricts any possibility for distal embolic complications. These devices can be used to treat both coronary and peripheral arterial diseases.

Geographical segmentation and analysis of the atherectomy devices market

• Americas
• APAC
• EMEA

During 2015, the Americas dominated the global atherectomy devices market and accounted for more than 56% of the total market share. Factors such as the presence of several leading and local vendors, favorable reimbursement scenario, and an increase in R&D investments will contribute towards the growth of this market in the Americas. In addition, the recent rise in peripheral artery disease cases will also augment the sale of atherectomy devices in the region over the next four years.

Competitive landscape and key vendors

The global atherectomy devices market is a consolidated market and is characterized by the presence of a few large vendors. The vendors in the market are implementing various strategies to expand their geographical presence and increase their market shares. Also, they are extensively investing in research to develop safe and efficient products and gain regulatory approvals for their launch in the market. To survive in this market, some vendors are also undertaking the concept of premium pricing to sell their products.

Key vendors in the market include

• Boston Scientific
• Cardiovascular Systems
• Medtronic
• Spectranetics

The other prominent vendors in the atherectomy devices market include Avinger and Volcano.

Key questions answered in the report include

• What will the atherectomy devices market size and growth rate be in 2020?
• What are the key factors driving the global atherectomy devices market?
• What are the key market trends impacting the growth of the global atherectomy devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global atherectomy devices market?
• What are the market opportunities and threats faced by the vendors in the global atherectomy devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global atherectomy devices market?

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