Coronary Atherectomy Devices Global Market Report 2020-30: COVID 19 Growth and Change


Posted November 5, 2020 by KarthikPilla

This report focuses on coronary atherectomy devices market which is experiencing strong growth.
 
Bharat Book Bureau Provides the Trending Market Research Report on "Coronary Atherectomy Devices Global Market Report 2020-30: COVID 19 Growth and Change" under Medical Devices category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Coronary Atherectomy Devices Global Market Report 2020-30: COVID 19 Growth and Change
Including: 1) By Product: Directional Atherectomy Devices; Orbital Atherectomy Devices; Photo-Ablative Atherectomy Devices; Rotational Atherectomy Devices; Others
2) By End User: Hospitals & Surgical Centers; Ambulatory Care Centers; Research Laboratories & Academic Institutes
Covering: Boston Scientific; Philips; Cardiovascular Systems; Spectranetics; Medtronic

Coronary Atherectomy Devices Global Market Report 2020-30: COVID 19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global coronary atherectomy devices market.

This report focuses on coronary atherectomy devices market which is experiencing strong growth. The report gives a guide to the coronary atherectomy devices market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
• Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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• Identify growth segments for investment.
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Description:

Where is the largest and fastest growing market for the coronary atherectomy devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Coronary Atherectomy Devices market global report from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider coronary atherectomy devices market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the Covid 19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The coronary atherectomy devices market section of the report gives context. It compares the coronary atherectomy devices market with other segments of the coronary atherectomy devices market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, coronary atherectomy devices indicators comparison.

Scope

Markets Covered: 1) By Product: Directional Atherectomy Devices; Orbital Atherectomy Devices; Photo-Ablative Atherectomy Devices; Rotational Atherectomy Devices; Others
2) By End User: Hospitals & Surgical Centers; Ambulatory Care Centers; Research Laboratories & Academic Institutes

Companies Mentioned: Boston Scientific; Philips; Cardiovascular Systems; Spectranetics; Medtronic

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Major players in the coronary atherectomy devices market are Boston Scientific, Philips, Cardiovascular Systems, Spectranetics, Medtronic, Avinger, BIOTRONIK, Arterial Remodeling Technologies, Atrium Medical and B. Braun Melsungen.

The global coronary atherectomy devices market is expected to decline from $180.11 million in 2019 to $173.32 million in 2020 at a compound annual growth rate (CAGR) of -3.77%. The decline is mainly due to the COVID-19 outbreak that has led to deferred care to avoid visiting hospitals, which resulted in reduced patient volume. The market is then expected to recover and reach $211.85 million in 2023 at a CAGR of 6.92%.

The coronary atherectomy devices market consists of sales of coronary atherectomy devices and related services by entities (organizations, sole traders and partnerships) that manufacture coronary atherectomy devices. Coronary atherectomy devices are used to remove atherosclerosis from coronary blood vessels. Only goods and services traded between entities or sold to end consumers are included.

North America was the largest region in the coronary atherectomy devices market in 2019.

The coronary atherectomy devices market covered in this report is segmented by product into directional atherectomy devices; orbital atherectomy devices; photo-ablative atherectomy devices; rotational atherectomy devices; others, and by end user into hospitals and surgical centers; ambulatory care centers; research laboratories and academic institutes.

In May 2019, Cardiovascular Systems, Inc. acquired the WIRION Embolic Protection System and its related assets from Gardia Medical for $5.6 million. The WIRION System has higher adaptability than other available embolic protection systems because it can be used with any .014" guidewire and for all types of peripheral interventions. Also, the WIRION System is the only embolic protection device indicated for use with any atherectomy system. Gardia Medical Ltd is an Israel-based medical device company that produces specialized catheter-based delivery systems to deliver, lock, and use devices on any guidewire.

During the forecast period, the long approval processes for medical devices is expected to restrain the growth of the coronary atherectomy devices market. Regulatory bodies have imposed strict labeling requirements, pre-market approval, and medical device reporting and the launching of products. These devices fall under the Class II category and are considered to be highly risky. Therefore, stringent government regulations may hamper the growth of coronary atherectomy devices market.

Large coronary atherectomy equipment market manufacturers are strategically partnering and collaborating with start-ups and mid-sized companies to broaden products and services. For instance, in July 2018, Cardiovascular Systems signed an agreement with OrbusNeich for selling its coronary and peripheral Orbital Atherectomy Systems (OAS) in other countries. In the same month, the company collaborated with Aerolase Corporation for developing a new laser atherectomy device for physicians, which can be used more effectively in the treatment of multiple forms of arterial disease.

The increasing prevalence of cardiovascular diseases (CVDs) has resulted in an increased demand for atherectomy devices for the treatment of CVDs. The increased prevalence of cardiovascular diseases can be attributed to the use of smoking, physical inactivity, and unhealthy diet. For instance, according to the World Health Organization, in 2019, 17.9 million people die from CVDs worldwide every year. It is a group of disorders of the heart and blood vessels and includes cerebrovascular disease, rheumatic heart disease, coronary heart disease, and other conditions. According to the British Heart Foundation, 2020, Coronary Heart Disease is responsible for around 64,000 deaths in the UK each year, an average of 180 people each day, or one death around every eight minutes. One in seven men and one in twelve women in the United Kingdom die from coronary heart disease. Therefore, increasing the prevalence of cardiovascular diseases is expected to drive the growth of the global coronary atherectomy devices market.

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Last Updated November 5, 2020