28 January 2019: Atherectomy
Devices Market is expected to witness rapid growth over the
forecast period. Increase in prevalence of Peripheral artery disease (PAD) and
Deep vein thrombosis (DVT) is expected to drive the market growth over the
forecast period. Increase in aging population in the US and in economically
developed countries resulting in high requirement of medical devices for
chronic illness. This is expected to escalate the market growth of Atherectomy
devices. Major factors such as rising life expectancy declining fertility rates
play a major role in Atherectomy Devices Market growth in the foreseeable
future. Change in lifestyle trends and eating habits increase Consumption of
cholesterol and fatty foods among individuals and lack of exercise which has
been a major reason for coronary artery disease and high risk of heart attacks.
Depending on the severity of the health issue atherectomy devices are used in
the surgery by the doctors.
Diabetes, high blood pressure, obesity and smoking causes
the blood arteries to marrow and limit the blood supply to the heart. It is
estimated that 382 billion people throughout the world have diabetes.
Environmental factors such as foods, viruses, toxins and unbalanced work life
play a role in development of diabetes. Growing number of patients with these
vascular diseases are expected to proliferate the demand for atherectomy
devices. Adopting advanced technology by using laser, ultraviolet radiation and
recombinant issue technology and 3D image generation provides a better scope
for the Atherectomy devices market. Added benefits such as minimal incisions,
higher surgical restoration rate, low postoperative complications increase more
patients opting for atherectomy devices.
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Athrectomy devices face a tough competition from Catheter
(Tornus) which has been developed for chronic total occlusion recanalization.
However, Catheter has a lower success rate of only 77% as compared to the
traditional atherectomy devices with 95%. Tornus catheter is also associated
with longer procedural duration time with 144 minutes versus the atherectomy
devices 115 minutes.
Atherectomy technique is a popular substitute for stents and
angioplasty treatments. In stents and angioplasty, the deposited plaque is
pushed inside the blood vessel, however in atherectomy the plaque is removed by
using surgical methods. The technique has advantages over the other methods by
providing increased wound healing rate
The Atherectomy Devices Market has been classified on the basis of its
device functions such as rotational, orbital, excimer laser, excisional, directional
and Jetstream atherectomy. The largest share of the market is occupied by
orbital and directional atherectomy due to minimal invasive treatment, blood
flow restoration, reduction in procedure time and application in more complex
cases. Market players are coming with better techniques and products to meet
the requirement of the consumers.
The major companies of the Atherectomy Devices Market
include Bayer AG, Cardiovascular systems, St. Jude medica, Boston scientific
corporation, Abbott laboratories, C.R Bard Inc., Volcano Corporation. The
competition in this Atherectomy Devices Market usually depends on the
technology used in manufacturing of the devices and also the pricing
strategies. Medtronic’s is leading competitor in peripheral atherectomy
devices. Medtronic acquired Covedian in 2015 and is expected to remain in the
leading position however it will face increasing competition from
cardiovascular systems Inc.
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Atherectomy Devices
Market by Geographical Regions:-
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Atherectomy Devices
Market by Applications:-
•
Hospitals
•
ASCs
•
Clinics
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