Plaque Modification Devices - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Plaque Modification Devices Market is accounted for $1.21 billion in 2019 and is expected to reach $2.57 billion by 2027 growing at a CAGR of 9.9% during the forecast period. Favourable reimbursement policies and an increase in the trend of adoption of minimally invasive surgeries are the major factors propelling market growth. However, the lack of accessibility and affordability in developing countries is hampering the growth of the market.
Plaque modification devices clear out the blockage in the arteries, helping them regain their normal function resulting in improved blood circulation and heart function. Plaque in the arteries is a deposition of fat on the walls of arteries, which narrow the artery and reduce blood flow.
Based on the product, the atherectomy devices segment is going to have a lucrative growth during the forecast period due to the increasing incidence of atherosclerosis as a result of the rising global prevalence of obesity. Furthermore, the easy availability of these devices drives the growth of the market segment of these products in the plaque modification devices market.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increase in the prevalence of plaque deposition and cardiovascular and hypertension conditions in the region. Rise in incidences of heart diseases in geriatric population, faster adoption of minimally invasive surgeries, and an increase in the patient population is also likely to drive the demand for plaque modification devices. Presence of key players in the region offering innovative thrombectomy and embolic protection devices for accurate removal of thrombus or clots is expected to propel the plaque modification devices market in the Asia Pacific.
Some of the key players profiled in the Plaque Modification Devices Market include B. Braun Melsungen, BD (Becton Dickinson and Company), Biotronik, Boston Scientific Corporation, Cardinal Health, Cardiovascular Systems Inc, Codman Neuro, Medtronic, Microvention, Inc, Penumbra, Inc, and Stryker.
• Atherectomy Devices
• Chronic Total Occlusion (CTO) Devices
• Embolic Protection Devices (EPD)
• Thrombectomy Devices
• Coronary Artery Disease
• Neurovascular Disease
• Peripheral Artery Disease
End Users Covered:
• Ambulatory Surgical Centers
• Speciality Clinics
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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