According to the current analysis of Reports and Data, The global Laser Atherectomy Market was valued at USD 1.30 billion in 2020 and is expected to reach USD 2.01 billion by year 2028, at a CAGR of 6.4%. Laser Atherectomy is a procedure to remove plaque from an artery. Removing plaque makes the artery wider so the blood can flow more freely to the muscles. This procedure is used to treat peripheral artery disease and coronary artery disease. The procedure is sometimes performed on patients with very hard plaque or on patients who have already had an angioplasty and stents but still have plaque blocking the blood flow. The procedure is specifically designed to treat narrowing in arteries caused by peripheral artery diseases. It is a frequently opted alternative to Angioplasty. The surgery is not too costly either making it an apt alternative to angioplasty. The surgery is quicker than the traditional open surgery and thus is preferred by most. In addition, it is a faster and a simpler procedure to perform and therefore is advised by many surgeons.

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Further key findings from the report suggest

• Minimal invasiveness has been attracting the attention of many in the recent times. Since Laser Atherectomy is one of the major types of minimal intrusive treatments, there has been a spur of growth in the demand for this procedure. Increasing cases of peripheral artery diseases and coronary artery diseases, has triggered research and development initiatives to develop several innovative solutions for the treatment purposes, which lays a foundation for future growth.
• A lot of research and development is being carrying out continuously for launching novel, improved devices in the market has been encouraging demand for the Laser Atherectomy market.
• The biggest factor attracting the market is its minimal invasiveness. With the rising preference of the people to opt for minimal invasive surgeries has been the key factor propelling the market.
• Excisional or Directional Laser Atherectomy dominates the market with the largest market share of around 42.4% and is also expected to register the highest CAGR of 7.1% owing to its technologically advanced nature. This is followed by Rotational Laser Atherectomy with a market share of 25.4% and a CAGR of 6.4%
• The Peripheral Artery Disease dominates the market for treatment due to the rise in the cases of PAD. This is followed by Coronary Artery diseases.
• Asia Pacific is the fastest growing sector with a CAGR of 7.1%. The continuous development in the emerging countries has led to better medical infrastructures. The governments of various emerging economies have been providing medical aids to the people to promote minimally invasive surgeries. This has further increased the demand for Laser Atherectomy in such regions.
• North America dominates the market with the largest market share due to the continuous technological advancements and research and development for developing better and more efficient devices for the procedure. North America is expected to register a CAGR of 6.9%.
• Europe follows North America with the second largest market share. The rising cardiovascular problems among the people and the preference of the people for minimally invasive procedures have increased the demand for Laser Atherectomy in this region. The region is expected to continue its growth at a CAGR of 6.3%.

Key Players covered in this report are

Phillips Healthcare, Bayer AG, BARD Peripheral Vascular Inc., Boston Scientific, Medtronics, Cardiovascular Systems Inc. and Avinger Inc. have been profiled in the report.

Type Outlook (Revenue, USD Billion; 2018-2028)

• Excisional
• Transluminal
• Laser
• Rotational
• Orbital
• Other

Application Outlook (Revenue, USD Billion; 2018-2028)

• Peripheral Artery Diseases
• Coronary Artery Disease
• Neurovascular Disease

End-Use Outlook (Revenue, USD Billion; 2018-2028)

• Hospitals
• Ambulatory Care Centres
• Medical Research Institutes
• Cardiac Catherization Lab
• Other

Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

 

Major Points covered in this report are as below:

• In this report, market development trends and marketing channels in the Laser Atherectomy industry are analyzed, feasibility of new investment projects is evaluated, and overall conclusions are presented.

• 
  This report provides key industry statistics through tables and figures, serving as an invaluable source of information and advice for companies and individuals involved in this sector.
• 
  Additionally, this report analyzes development policies and plans, manufacturing processes, and cost structures, as well as import/export consumption figures, supply and demand figures, costs, prices, revenues, and gross margins.
• 
  For companies and individuals interested in the Laser Atherectomy industry, the Laser Atherectomy Market report provides information on the current market status of the Laser Atherectomy manufacturers and provides valuable guidance and direction.

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