Global Chronic Total Occlusion Device Market 2018-2022

Technavio’s market research analysts have predicted that the chronic total occlusion device market will witness considerable growth during the period 2018-2022. Considering the sales of the chronic total occlusion device in several end-user industries including hospitals, ACCs, and other end-user industries, our analysts have estimated that this market will register a CAGR of more than 12% by 2022.

Global Chronic Total Occlusion Device Industry Overview

Technavio’s analysts have identified the increasing prevalence of CADs to be one of the major factors that will drive the growth of the market. Prevalence of CAD is one of the major reasons for death across all age groups across the world. CAD is mainly caused due to fat deposition and plaque on the inner walls of the arteries and leads to narrowing or blockage of coronary arteries. CTO is a type of CAD where the coronary artery is almost completely blocked for three months.

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Companies covered

With the presence of few established vendors, the chronic total occlusion device market appears to be concentrated. The CTO cardiology market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

The report offers a complete analysis of a number of companies including –

• B. Braun Melsungen
• BD
• Boston Scientific
• Cardinal Health
• Medtronic

Chronic total occlusion device market growth based on geographic regions

• Americas
• APAC
• EMEA

 Our analysts have predicted that in terms of geographic regions, the CTO cardiology market will witness considerable growth in the Americas during the next few years. This region will be the major contributor to the growth of the market due to the increased awareness and high adoption of CTO devices.

Chronic total occlusion device market growth based on end-user

• Hospitals
• ACCs

The hospital's segment accounted for the major share of the CTO cardiology market during 2017. The growth in the number of patients with CVDs and increase in healthcare expenditure are the major factors driving the growth of this segment.

Key highlights of the global chronic total occlusion device market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the chronic total occlusion device market during the next five years
• Precise estimation of the global chronic total occlusion device market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the chronic total occlusion device industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of chronic total occlusion device companies

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global chronic total occlusion device market and its stakeholders over the forecast years.

Technavio’s market research analysts have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the chronic total occlusion device market over the coming years are the portable medical equipment market and refurbished medical devices market.

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