Global Atherectomy and Thromboctomy Devices Market: Overview
Atherectomy is a key treatment for peripheral arterial disease. The treatment involves the removal of arteriosclerosis from the large blood vessels. The treatment predominantly uses minimally invasive procedures and can also be used for treating coronary arterial diseases. It is a commonly used substitute to angioplasty and arterial stent treatment options. A thromboctomy treatment implies the removal of blood clots from arteries and veins. The two most common procedures for this are surgical or percutaneous.
This report is a comprehensive revision of current trends in the global atherectomy and thromboctomy devices market, including its current drivers and restraints. The report delivers market projections for the given forecast period, which includes a thorough analysis of recent expansions in technologies. The report also presents an analysis of the global atherectomy and thromboctomy devices market based on its competitive parameters, through Porter’s five force model analysis and a SWOT analysis. It also analyzes this market on the basis of its current and predicted trends, key regions, and segmentation categories. This report provides comprehensive analysis of the market structure, current market trends, factors limiting market growth, market growth drivers, and the market projections for the given forecast period.
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Global Atherectomy and Thromboctomy Devices Market: Trends and Opportunities:
The principle driver for the global atherectomy and thromboctomy devices market currently is the swift rate of increase in the number of cardiac patients in the world. With a greater number of patients demanding modern treatment options for heart problems, the healthcare and medical devices industry needs to pick up the pace in terms of development of better methods and making them available to a greater demographic. With respect to age, the atherectomy and thromboctomy treatments are largely in demand by the elderly, and the geriatric demographic is rising in number at a very strong pace. This is currently one of the chief reasons for the increase in demand.
The global atherectomy and thromboctomy devices market is however, being restrained by high costs of these devices, coupled with a limited awareness regarding the newer treatment options available, especially in the emerging economies of the world. Meanwhile, the future of the global atherectomy and thromboctomy devices market is expected to depend on the release of cheaper and less intensive treatment options.
Global Atherectomy and Thromboctomy Devices Market: Region-wise Outlook:
From a regional perspective, the global atherectomy and thromboctomy devices market can be segmented into the key areas of North America, Asia Pacific, Europe, and the rest of the world. With these regions in mind, the market has so far been dominated by North America, owing to the advanced state of the region’s healthcare and medical devices industries. Additionally, North America holds a very number of patients suffering from chronic diseases and heart complications. The global atherectomy and thromboctomy devices market is likely to continue being directed by North America over the coming years.
However, a booming economic rate of growth, a greater healthcare patient outreach, and the increasing scope of medical tourism is allowing Asia Pacific to lead the global atherectomy and thromboctomy devices market in terms of growth rate, over the given forecast period. A few countries from the regions of Latin America and the MEA are also expected to show a high rate of growth in their demand for atherectomy and thromboctomy treatments and devices.
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Companies Mentioned in the Research Report:
The key players mentioned in the report for the global atherectomy and thromboctomy devices market so far, include Bayer AG, Cardiovascular Systems, Inc., St. Jude Medical Inc., Boston Scientific Corporation, C.R. Bard, inc., Teleflex Medical Inc., and Covidien, Inc.