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According to the coronary atherectomy devices market growth analysis, Technavio’s market research report predicts that the global coronary atherectomy devices market will grow at a CAGR of above 5% during the forecast period. The availability of favorable reimbursement policies is one of the primary drivers of market growth. Insurance regulatory firms have been working on effective reimbursement policies for medical devices and are very supportive in some countries. The alteration in the reimbursement policies positively impacts the global coronary atherectomy devices market and propels the sales of coronary atherectomy devices. In regions such as APAC, numerous countries such as Thailand, India, China, and Singapore have raised their gross domestic product (GDP) expenditure on public health. This will improve the expenditure on healthcare, in turn, aiding the growth of the coronary atherectomy devices market revenue.
According to the coronary atherectomy devices industry analysis, the Americas dominated the coronary atherectomy devices market during 2016 and the region is expected to continue its market dominance during the forecast period as well. The increase in reimbursement policies that have helped vendors to develop innovative technologies and launch more innovative products will be a major factor fueling market growth in this region. Additionally, vendors are also adopting M&A strategies to improvise on technologies and expand into different geographical regions. The rising number of coronary disease cases in the region will also increase the sales of coronary atherectomy devices. With the presence of a number of key vendors, the US was the leading revenue contributor to the market in the Americas.
The coronary atherectomy devices market consists of few players and apart from the key players, other players are operating in various regions through strong distribution networks. Vendors in the market are adopting new strategies such as M&A activities for expansion. Also, due to the limited number of devices available in the market, the vendors have great opportunities to widen their product portfolio through innovation and technological advancements.
Key vendors in the market are:
Other prominent vendors include Medtronic, Philips, and Avinger.
Laser atherectomy is a cost-effective solution and is cheaper than mechanical atherectomy. The laser atherectomy catheters are made of elastic fibers that assist in treating the most complicated lesions. The high-energy light released from the catheters helps to clear the artery and the laser helps in vaporizing the blockage inside the vessel and raising the blood flow.
According to this market research report, hospitals were the major end-users to the coronary atherectomy devices market during 2016. With the majority of complicated coronary artery disease procedures performed in hospitals and the increasing need to continuously monitor patients before and after the procedure, this segment will continue to dominate the market during the next four years as well.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by technology
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Tags: heart stent, coronary stent, heart valves, medical companies, healthcare market growth, medical devices market growth,
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