High prevalence of peripheral artery diseases, change in lifestyles and a rise in the geriatric population are the key factors contributing to the CAGR in the forecasted period.

According to the current analysis of Reports and Data, The global Atherectomy market was valued at USD 1.30 billion in 2020 and is expected to reach USD 2.01 billion by year 2028, at a CAGR of 6.4%. Atherectomy is a procedure to remove plaque from an artery. Removing plaque makes the artery wider so the blood can flow more freely to the muscles. This procedure is used to treat peripheral artery disease and coronary artery disease. The procedure is sometimes performed on patients with very hard plaque or on patients who have already had an angioplasty and stents but still have plaque blocking the blood flow. The procedure is specifically designed to treat narrowing in arteries caused by peripheral artery diseases. It is a frequently opted alternative to Angioplasty. The surgery is not too costly either making it an apt alternative to angioplasty. The surgery is quicker than the traditional open surgery and thus is preferred by most. In addition, it is a faster and a simpler procedure to perform and therefore is advised by many surgeons.

Key companies profiled in the report include

Phillips Healthcare, Bayer AG, BARD Peripheral Vascular Inc., Boston Scientific, Medtronics, Cardiovascular Systems Inc. and Avinger Inc.

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Atherectomy market.

The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:

• North America (U.S.A., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Atherectomy Market Segmentation based on Types:

Type (Revenue, USD Million; 2018–2028)

• Excisional
• Transluminal
• Laser
• Rotational
• Orbital
• Other

Atherectomy Market Segmentation based on Application:

Application (Revenue, USD Million; 2018–2028)

• Peripheral Artery Diseases
• Coronary Artery Disease
• Neurovascular Disease

End Use (Revenue, USD Million; 2018–2028)

• Hospitals
• Ambulatory Care Centers
• Medical Research Institutes
• Cardiac Catherization Lab
• Other

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Further key findings from the report suggest

• Minimal invasiveness has been attracting the attention of many in the recent times. Since Atherectomy is one of the major types of minimal intrusive treatments, there has been a spur of growth in the demand for this procedure. Increasing cases of peripheral artery diseases and coronary artery diseases, has triggered research and development initiatives to develop several innovative solutions for the treatment purposes, which lays a foundation for future growth.
• A lot of research and development is being carrying out continuously for launching novel, improved devices in the market has been encouraging demand for the Atherectomy market.
• The biggest factor attracting the market is its minimal invasiveness. With the rising preference of the people to opt for minimal invasive surgeries has been the key factor propelling the market.
• Excisional or Directional Atherectomy dominates the market with the largest market share of around 42.4% and is also expected to register the highest CAGR of 7.1% owing to its technologically advanced nature. This is followed by Rotational Atherectomy with a market share of 25.4% and a CAGR of 6.4%
• The Peripheral Artery Disease dominates the market for treatment due to the rise in the cases of PAD. This is followed by Coronary Artery diseases.
• Asia Pacific is the fastest growing sector with a CAGR of 7.1%. The continuous development in the emerging countries has led to better medical infrastructures. The governments of various emerging economies have been providing medical aids to the people to promote minimally invasive surgeries. This has further increased the demand for Atherectomy in such regions.
• North America dominates the market with the largest market share due to the continuous technological advancements and research and development for developing better and more efficient devices for the procedure. North America is expected to register a CAGR of 6.9%.
• Europe follows North America with the second largest market share. The rising cardiovascular problems among the people and the preference of the people for minimally invasive procedures have increased the demand for Atherectomy in this region. The region is expected to continue its growth at a CAGR of 6.3%.

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