LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global chronic total occlusion (CTO) device market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.
According to Technavio market research analysts, the global chronic total occlusion device market will grow at a CAGR of over 12% during the forecast period. Technological advances are a major factor driving the market’s growth.
Continuous developments in CAD care have led to enhanced treatment methods and the availability of devices, including guidewires and microcatheters, to treat medical conditions, such as CTO. Technological advances have also led to developments in the general approach adopted to treat CTO. Such developments include techniques such as the hybrid approach. This approach involves a wire going around the plaque and re-entering the vessel after the occlusion. The device provides easy access to the lumen. Dissection re-entry can also be used with this approach. This retrograde access to the rear end of CTO is accomplished using microcatheters to navigate hair-sized capillaries.
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In this report, Technavio highlights the increasing prevalence of CADs as one of the key emerging trends in the global chronic total occlusion device market:
Increasing prevalence of CADs
CVDs are among the top five causes of death across all age groups worldwide. CAD has the highest prevalence compared with other types of heart diseases, such as rheumatic heart diseases and stroke. In 2015, more than 400,000 patients succumbed to the disease globally. CAD is a disease caused by the buildup of fatty deposits and plaque on the inner walls of arteries. The results in the narrowing or blockage of coronary arteries.
“CTO is a type of CAD where the coronary artery is completely or almost completely blocked for three months. Coronary CTO is caused by a heavy buildup of atherosclerotic plaque within the artery. CTO leads to several other conditions such as claudication, limb ischemia, and ulcers. In some cases, amputation is required,” says a senior analyst at Technavio for research on orthopedics and medical devices.
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Global chronic total occlusion device market segmentation
This market research report segments the global chronic total occlusion device market into the following end-users (hospitals and ASCs) and key regions (the Americas, APAC, and EMEA).
The hospitals segment held the largest market share in 2017, accounting for nearly 61% of the market. The market share for this end user is expected to decrease nearly 2% by 2022. The fastest growing end user is ASCs, which will account for nearly 32% of the total market share by 2022.
The Americas was the leading region for the global chronic total occlusion device market in 2017, accounting for a market share of nearly 40%. By 2022, APAC is expected to register the highest growth rate of nearly 2%.
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