Global Coronary Atherectomy Devices Market 2022 – Market Opportunities And Strategies
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The coronary atherectomy devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Coronary Atherectomy Devices Market Size In 2022 And Forecast
The global coronary atherectomy devices market is expected to reach from $0.17 billion in 2021 to $0.18 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The coronary atherectomy devices market is expected to grow to $0.26 billion in 2026 at a CAGR of 9.1%.
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.
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Increase In Prevalence Of Cardiovascular Diseases Is Driving The Growth Of The Coronary Atherectomy Devices Market
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, CoronaryHeart 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.
Competitive Landscape And The Regional Analysis Of The Coronary Atherectomy Devices Market
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.
Additionally, as per TBRC’s research – North America was the largest region in the coronary atherectomy devices market in 2021 holding the largest market share.
The Coronary Atherectomy Devices Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the coronary atherectomy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the coronary atherectomy devices market.
Strategic Partnership – A Key Trend In The 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.
Coronary Atherectomy Devices Market Segmentation By The Business Research Company
1) By Product: Directional Atherectomy Devices, Orbital Atherectomy Devices, Photo-Ablative Atherectomy Devices, Rotational Atherectomy Devices, Other Products
2) By Application: Peripheral Vascular, Cardiovascular, Neurovascular
3) By End User: Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes
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