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Global Atherectomy Systems Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Atherectomy Systems Market, By Product (Directional Atherectomy, Orbital Atherectomy, Photo-Ablative (Laser) Atherectomy, Rotational Atherectomy and Support Devices), Application (Peripheral Vascular, Cardiovascular, Neurovascular and Others), End User (Hospitals and Surgical Centres, Ambulatory Care Centres, Research Laboratories and Academic Institutes and Others)-Industry Trends and Forecast to 2029.

Atherectomy Systems Market

Market Analysis and Size

Atherectomy equipment is used to remove plaque and thrombus from the arteries. Atherosclerosis of the peripheral and coronary arteries is treated with atherectomy systems. Plaque or thrombus builds up in the arteries, preventing blood from flowing freely. As a result, in order to speed the workflow, a patient must undergo atherectomy, which necessitates the employment of atherectomy technology.

Multiple advantages over mechanical systems, such as adaptability, improved operability, and the elimination of the need for an embolic protection device, are expected to drive market revenue. Data Bridge Market Research analyses that the atherectomy systems market was valued at 525.5 million in 2021 and is further estimated to reach 949.98 million by 2029, and is expected to grow at a CAGR of 6.80% during the forecast period of 2022 to 2029.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Directional Atherectomy, Orbital Atherectomy, Photo-Ablative (Laser) Atherectomy, Rotational Atherectomy and Support Devices), Application (Peripheral Vascular, Cardiovascular, Neurovascular and Others), End User (Hospitals and Surgical Centres, Ambulatory Care Centres, Research Laboratories and Academic Institutes and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

BD (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), Cardinal Health. (US), Cardiovascular Systems, Inc. (US), Boston Scientific Corporation (US), Minnetronix Medical Inc. (US), Avinger. (US), Straub Medical AG (Switzerland), Biomerics. (US), Biotronik (Germany), Ra Medical Systems (US), Terumo Corporation (Japan), Abbott (US), B. Braun Melsungen AG (Germany), Covidien (Ireland), Spectranetics (US), Baxter (US), Bayer AG (Germany) and Getinge AB (Sweden)

Market Opportunities

  • An increase in the prevalence of high blood pressure, congestive heart failure, coronary artery disease, arrhythmia, cardiac arrest, peripheral artery disease, and other conditions
  • A wide range of benefits provided by atherectomy systems, such as minimal incisions, less bleeding and scarring, and a greater surgical restoration rate

Market Definition

Plaque and thrombus are removed from the arteries using atherectomy equipment. The atherectomy systems are used to treat disorders of the peripheral and coronary arteries. The buildup of plaque or thrombus in the arteries prevents blood from flowing freely. As a result, a patient must undergo atherectomy to streamline the workflow, necessitating the use of atherectomy technologies.

Physical Therapy Market Dynamics

Drivers

  • Rise in the preference for minimally invasive procedure

The gadgets are in high demand because to the growing trend of minimally invasive surgeries, which do less damage to the body than traditional medical procedures.

  • Increase in the target patient population

Growing number of geriatric residents around the world. According to the National Health and Nutrition Examination Survey, around 6% of adults over the age of 40 have PAD, which translates to approximately 7 million patients in the United States alone and nearly 200 million worldwide.

  • Technological developments

Advances in endovascular technology have made it possible to handle peripheral and coronary vascular disorders with a minimally invasive percutaneous approach in the majority of patients who previously required an invasive procedure.

Opportunities

In addition, the growing incidence of peripheral arterial diseases are further estimated to provide potential opportunities for the growth of the atherectomy systems market in the coming years.

Restraints/Challenges

On the other hand, the strict regulations and increased cost of the product is further projected to impede the growth of the atherectomy systems market in the targeted period. However, the dearth of skilled healthcare professionals might further challenge the growth of the atherectomy systems market in the near future.

This atherectomy systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the atherectomy systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Atherectomy Systems Market

The COVID-19 had a negative impact on the atherectomy systems market. During the epidemic, social isolation and limitations severely impacted businesses and activities, causing transportation and logistical problems around the world. Due to the rapid emergence of the COVID-19 pandemic, several elective cardiovascular procedures were cancelled or postponed to reduce the risk of coronavirus infection during hospital visits. Furthermore, supply effects were exacerbated by lower discretionary income. However, once the epidemic is gone, there is a beneficial impact on the market.

Recent Development

  • Cardiovascular Systems, Inc. gained CE Mark for the Diamondback 360 Coronary Orbital Atherectomy System in January 2021. (OAS). The device has GlideAssist, which allows for better device tracking, repositioning, and removal, especially during difficult procedures, and may be used to treat a variety of calcium modalities. The company's product portfolio will be expanded as a result of the strategic move.

Global Atherectomy Systems Market Scope and Market Size

The atherectomy systems market is segmented on the basis of product, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Directional Atherectomy
  • Orbital Atherectomy
  • Photo-Ablative (Laser) Atherectomy
  • Rotational Atherectomy
  • Support Devices

On the basis of product, the atherectomy systems market is segmented into directional atherectomy, orbital atherectomy, photo-ablative (laser) atherectomy, rotational atherectomy, support devices and others.

Application

  • Peripheral Vascular
  • Cardiovascular
  • Neurovascular
  • Others

On the basis of application, the atherectomy systems market is segmented into peripheral vascular, cardiovascular, neurovascular and others.

End User

  • Hospitals and Surgical Centres
  • Ambulatory Care Centres
  • Research Laboratories
  • Academic Institutes
  • Others

On the basis of end user, the atherectomy systems market is segmented into hospitals and surgical centres, ambulatory care centres, research laboratories and academic institutes and others.

Atherectomy Systems Market Regional Analysis/Insights

The atherectomy systems market is analysed and market size insights and trends are provided by country, product, application and end user as referenced above.

The countries covered in the atherectomy systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the atherectomy systems market due to the rise in the expenditure for research and development. Furthermore, the growing incidence of cardiovascular diseases will further boost the growth of the atherectomy systems market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth during the forecast period of 2022 to 2029 due to the rise in the patient awareness. Moreover, the enhancing healthcare infrastructure is further anticipated to propel the growth of the atherectomy systems market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The atherectomy systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for atherectomy systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the atherectomy systems market. The data is available for historic period 2010-2020.

Competitive Landscape and Atherectomy Systems Market Share Analysis

The atherectomy systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to atherectomy systems market.

Some of the major players operating in the atherectomy systems market are

  • BD (US)
  • Medtronic (Ireland)
  • Koninklijke Philips N.V. (Netherlands)
  • Cardinal Health. (US)
  • Cardiovascular Systems, Inc. (US)
  • Boston Scientific Corporation (US)
  • Minnetronix Medical Inc. (US)
  • Avinger. (US)
  • Straub Medical AG (Switzerland)
  • Biomerics. (US)
  • Biotronik (Germany)
  • Ra Medical Systems (US)
  • Terumo Corporation (Japan)
  • Abbott (US)
  • B. Braun Melsungen AG (Germany)
  • Covidien (Ireland)
  • Spectranetics (US)
  • Baxter (US)
  • Bayer AG (Germany)
  • Getinge AB (Sweden)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The market value for Atherectomy Systems Market is expected USD 949.98 million by 2029.
The Atherectomy Systems Market is to grow at a CAGR of 6.8% during the forecast by 2029.
One of the key factors driving demand for atherectomy devices is an increase in the prevalence of high blood pressure, congestive heart failure, coronary artery disease, arrhythmia, cardiac arrest, peripheral artery disease, and other conditions. A wide range of benefits provided by atherectomy systems, such as minimal incisions, less bleeding and scarring, and a greater surgical restoration rate, will further contribute to market expansion.
The major players operating in the Atherectomy Systems Market are BD (US), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), Cardinal Health. (US), Cardiovascular Systems, Inc. (US), Boston Scientific Corporation (US), Minnetronix Medical Inc. (US), Avinger. (US), Straub Medical AG (Switzerland), Biomerics. (US), Biotronik (Germany), Ra Medical Systems (US), Terumo Corporation (Japan), Abbott (US), B. Braun Melsungen AG (Germany), Covidien (Ireland), Spectranetics (US), Baxter (US), Bayer AG (Germany) and Getinge AB (Sweden).
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