Global Coronary Atherectomy Devices Market 2017-2021

Overview of the global coronary atherectomy devices market

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.

Competitive analysis and key vendors

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:

• Boston Scientific
• Spectranetics
• Cardiovascular systems

Other prominent vendors include Medtronic, Philips, and Avinger.

Coronary atherectomy devices market segmentation by technology

• Laser atherectomy
• Orbital atherectomy
• Rotational atherectomy

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.

Segmentation by end-user and analysis of the coronary atherectomy devices market

• Hospitals
• Ambulatory Surgery Centers(ASCs)

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.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global coronary atherectomy devices market?
• What are the key market trends impacting the growth of the global coronary atherectomy devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global coronary atherectomy devices market?
• What are the market opportunities and threats faced by the vendors in the global coronary 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 coronary atherectomy devices market?

Technavio also offers customization on reports based on specific client requirement.