Atherectomy Devices Market size was valued at USD 488.04 million in 2016 and is anticipated to reach USD 894.69 million by 2025, with CAGR of 6.97% 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 market growth in the foreseeable future.
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The key driving factors responsible for the growth of Atherectomy
Devices market :
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 market. Added benefits such as
minimal incisions, higher surgical restoration rate, low postoperative
complications increase more patients opting for atherectomy devices. New
technological advancements and the recent FDA approval of Two drug coated
balloons are increasing atherectomy procedural volume and driving growth in the
demand for atherectomy devices.
Recalls of medical devices has
been a major issue in pharmaceutical industry. Every device should maintain the
standard quality and safety measures set by the Food and Drug Administration
(FDA). All the manufacturing firms should ensure that the products are safe and
do not endanger the end consumer.
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.
Lack of product differentiation
forms a major challenge in the atherectomy market. Most companies trying to
enter the market find it hard to overcome the product differentiation because
they require high investment and lack resources to create products that can
compete with the existing ones. High cost and limited awareness in certain
regions of the world act as a restraint for the market growth.
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 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.
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