The use of newer advanced imagining techniques that eliminate harmful radiation imaging is anticipated to increase acceptance among end users, which in turn, is anticipated to drive the atherectomy devices market. New encouraging statistics from studies on Drug Coated Balloons (DCB) have reestablished the interest in atherectomy ablation devices and several ongoing randomized clinical trials are currently evaluating ways of combining atherectomy and drug-coated balloons (DCB).
The requirement of additional equipment in the working of rotational atherectomy device increases procedure costs. The development of single-use non-dependable devices is providing leverage to current atherectomy devices and subsequently driving the atherectomy devices market.
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Atherectomy Devices Market: Segmental Analysis & Forecast
PMR has segmented the global atherectomy devices market based on device type into Rotational Atherectomy Devices (RA), Directional Atherectomy Devices (DA), Orbital Atherectomy Devices (OA), and Laser Ablation Atherectomy Devices (LA). On the basis of end user, the market is further segmented into hospitals, ambulatory surgical centers, and office-based labs (OBL).
In terms of revenue, the Rotational Atherectomy Devices (RA) segment in the atherectomy devices market is anticipated to hold major share over the forecast period. According to PMR, the Rotational Atherectomy Devices (RA) segment accounted for over 31.7% revenue share in the overall atherectomy devices market in 2017.
However, the growing adaptation of Orbital Atherectomy Devices (OA) in coronary and peripheral intervention due to advantages such as reduced risk of vascular puncture and technological advancements, is projected to fuel the segment’s growth in the near future.
However, the Laser Ablation Atherectomy Devices segment in the atherectomy devices market is projected to exhibit limited investment opportunities, in terms of revenue, throughout the forecast period.
The company has segmented the global atherectomy devices market based on device type, indication, and end users. In terms of revenue, the peripheral artery disease indication type segment in the atherectomy devices market is expected to a hold significant share over the forecast period. The peripheral artery disease indication type segment in the atherectomy devices market is expected to exhibit limited investment opportunities, in terms of revenue, throughout the forecast period.
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