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This atherectomy devices market report is an exhaustive research on companies active in Atherectomy devices sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
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Atherectomy devices market trends research and projections for 2021- 2027 • A research study conducted by Global Market Insights, Inc., suggests that atherectomy devices market is likely to exceed the $1 billion mark by 2027, in terms of revenue. Growing prevalence of chronic disorders such as hypertension, diabetes, obesity and atherosclerosis across the globe has evoked the demand for atherectomy procedure. As the patients suffering from these diseases are susceptible to the risk of developing cardiac and diabetic ailments as well as peripheral atrial diseases, application of atherectomy equipment has enormously increased as an efficient treatment solution in this regard. • Significant increase in the number of hospitalizations due to rising influx of patients managing atrial plaque through angioplasty, and surgical interventions coupled with increasing demand for minimally damaging surgical operatives, is favoring the product adoption further. Apart from this, ongoing technological advancements are opening new growth opportunities for the industry. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
With regards to the product type, orbital segment is gaining a significant prominence across the industry. For the records, the segment had secured a sizeable revenue share of over 30% of in 2020. This can be credited to the elevating product demand owing to its ability to increase orbiting speed and orbiting action, which helps in reducing considerable amount of time during the atherectomy procedures. In addition, orbital atherectomy devices like Diamondback 360° Orbital Atherectomy System, which is integrated with proprietary guide wire system, allows the usage of guide wires of configurable sizes and increases the scope of applications. • Based on the application bifurcation, coronary applications segment is witnessing higher product adoption and is anticipated to register an appreciable CAGR of 12.0% through 2027. As per a 2019 published article, coronary artery calcification disease is largely prevalent among the patients suffering from coronary heart disease condition. The disease is individually related to the cardiovascular risk of death among the patients of chronic kidney disease which fueling the demand for atherectomy devices. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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Regional Analysis • Regionally, Brazil had dominated the atherectomy devices market in Latin America by registering a valuation of around USD 7.0 million in 2020. This can be attributed to the factors such as increasing life expectancy, growing disposable income, development in medical technology, rising healthcare expenditure, and shifting preference towards early disease detection and non-invasive procedures for pulmonary vascular disorder treatments. • Competitive Analysis • Prominent players operating in the global atherectomy devicess industry Avinger, Medtronic, Cardiovascular Systems, Inc. (CSI), and Koninklijke Philips N.V. These players are being involved in the adoption of new technologies and product development. Request for Customization @ https://www.gminsights.com/roc/2769 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Latest Research Report On atherectomy devices market @ https://www.gminsights.com/industry-analysis/atherectomy-devices-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2769 Request for customization: https://www.gminsights.com/roc/2769 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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