Impact of Covid19 on Atherectomy Market, Future Growth 2020-2027 | Phillips Healthcare, Bayer AG, BARD Peripheral Vascular Inc, Boston Scientific, etc
: New York, United States, 05-August-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, The global Atherectomy market was valued at USD 1.12 Billion in 2018 and is expected to reach USD 1.88 Billion by year 2026, at a CAGR of 6.6%. 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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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Phillips Healthcare, Bayer AG, BARD Peripheral Vascular Inc., Boston Scientific, Medtronics, Cardiovascular Systems Inc. and Avinger Inc.
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For the purpose of this report, Reports and Data have segmented into the global Atherectomy market on the basis of type, propellants, application, and region:
Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
Peripheral Artery DiseasesCoronary Artery DiseaseNeurovascular Disease
End Use (Revenue, USD Million; 2016–2026)
HospitalsAmbulatory Care CentersMedical Research InstitutesCardiac Catherization LabOther
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/atherectomy-market
Key Question the Report Will Answers
At what rate will the Atherectomy Market grow? What will be the value of the market in 2027?
What are the key technologies driving Atherectomy?
What would be the impact of Atherectomyacross different regions?
What are the strategies adopted by players to enter the APAC region?
What is the key application of Atherectomyin the transportation sectors?
What are future growth strategies in the market?
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