Atherectomy Devices Market Analysis And Growth Forecast 2024-2032

Global Atherectomy Devices Market Analysis

The global atherectomy devices market is on a strong growth path, projected to reach US$ 2,028.3 million by 2032, up from US$ 964.3 million in 2023, with a compound annual growth rate (CAGR) of 8.61% from 2024 to 2032. Key factors driving this growth include the rising prevalence of peripheral artery disease (PAD), technological advancements in medical devices, an aging global population, and an increased preference for minimally invasive procedures. Additionally, favorable reimbursement policies and the growing healthcare infrastructure in emerging economies are further bolstering the market expansion.

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Atherectomy Devices Overview

Atherectomy devices are specialized medical tools designed to treat atherosclerosis, a condition in which fatty deposits or plaques accumulate in the arteries, restricting blood flow and potentially leading to heart attacks or strokes. These devices work by removing or reducing arterial plaque, helping to restore proper blood circulation.

A typical atherectomy procedure involves a catheter being inserted through a small incision, often in the groin or wrist, and guided into the affected artery. The atherectomy device then either cuts, grinds, or vaporizes the plaque, which is either flushed away or collected in a filter to prevent embolization. This minimally invasive procedure not only improves blood flow but also alleviates symptoms such as leg pain, fatigue, and chest discomfort, ultimately enhancing the patient’s cardiovascular health.

Key Drivers of the Atherectomy Devices Market

1. Rising Incidence of Peripheral Artery Disease (PAD)

The global prevalence of PAD, especially among older adults and those with comorbidities like diabetes and obesity, is a major factor driving the demand for atherectomy devices. In the U.S. alone, PAD affects approximately 8 to 12 million people, with a significant portion of the population over the age of 50 being diagnosed with the condition. Atherectomy devices offer a highly effective, minimally invasive treatment option for PAD patients by directly removing arterial plaque and improving blood circulation, which reduces the risk of complications like heart attacks and strokes.

2. Preference for Minimally Invasive Procedures

Minimally invasive surgical techniques are becoming increasingly popular due to their many advantages over traditional open surgeries, such as reduced trauma, shorter recovery times, and a lower risk of complications. Atherectomy procedures, being minimally invasive, help meet the growing demand for less intrusive treatment options. As healthcare professionals and patients prioritize quicker recovery and lower risk, the appeal of atherectomy devices is rising.

3. Technological Advancements

Technological innovation in atherectomy devices is a major growth driver. Modern atherectomy systems now feature enhanced imaging and navigation technologies that provide better precision and control during procedures, thereby reducing the risk of damage to surrounding tissues and improving patient outcomes. Furthermore, advances such as the miniaturization of devices have made the procedures less invasive, resulting in faster recovery times and fewer complications. The incorporation of drug-eluting technologies and other specialized features continues to enhance the effectiveness of these devices.

In November 2021, Royal Philips introduced its Nexcimer laser system for both peripheral and coronary artery applications, providing a more efficient and user-friendly solution for atherectomy treatments. These innovations contribute to the continued growth of the market.

4. Aging Population

As the global population ages, the incidence of cardiovascular diseases, including PAD, is increasing. The aging population is more susceptible to atherosclerosis and other cardiovascular conditions, leading to a higher demand for atherectomy devices that can provide effective treatment with reduced risks compared to traditional surgery. This demographic shift is expected to drive the atherectomy devices market, particularly in developed economies.

5. Improved Healthcare Infrastructure and Reimbursement Policies

In emerging economies, the development of healthcare infrastructure, alongside favorable reimbursement policies, is increasing access to atherectomy procedures. Governments and private insurers are increasingly supporting the adoption of minimally invasive treatments, making atherectomy devices more accessible to a larger segment of the population.

North America: Leading the Atherectomy Devices Market

North America is expected to dominate the atherectomy devices market due to several factors, including a high prevalence of cardiovascular diseases, well-established reimbursement frameworks, and the availability of advanced atherectomy devices approved by regulatory bodies like the U.S. FDA. Cardiovascular diseases, including coronary artery disease (CAD) and PAD, are among the leading causes of death in the United States. As a result, there is a substantial demand for atherectomy procedures as part of comprehensive cardiovascular treatment plans.

In addition to the high disease burden, the favorable reimbursement policies in North America make atherectomy treatments more accessible to patients, contributing to market growth. For example, in October 2021, Becton, Dickinson, and Company (BD) received FDA approval for expanded indications for its Rotarex Atherectomy System, enhancing its market penetration and boosting demand for atherectomy devices in the U.S.

Key Companies in the Global Atherectomy Devices Market

Leading players in the atherectomy devices market include:

  • Boston Scientific Corporation, Inc.
  • Abbott Laboratories
  • Medtronic plc
  • Cardinal Health
  • Terumo Corporation
  • Integer Holdings Corporation
  • Becton, Dickinson and Company
  • AngioDynamics, Inc.

These companies are involved in the development, manufacturing, and commercialization of advanced atherectomy devices and technologies. Ongoing innovations, along with strategic partnerships and acquisitions, are expected to propel further growth in the market.

Notable News in the Atherectomy Devices Industry

  • November 2023: Cardinal Health launched the SmartGown EDGE Breathable Surgical Gown with ASSIST Instrument Pockets in the U.S. The product aims to provide surgical teams with safe and practical instrument access, further improving procedural efficiency in the operating room.
  • August 2022: AngioDynamics, Inc. received 510(k) approval for the Auryon Atherectomy System, expanding its indication to include arterial thrombectomy. This approval enables the device to be used for a broader range of vascular procedures.
  • February 2022: RA Medical Systems announced the enrollment of 95 individuals in its critical clinical trial to assess the safety and efficacy of the DABRA excimer laser system for peripheral artery disease. The results of this trial are expected to bolster the adoption of the system in clinical settings.

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About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

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Atherectomy Devices Market, Size, Global Forecast Report 2023-2030

In a recent report by Renub Research titled ” Atherectomy Devices Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” market share data is presented along with a thorough industry analysis. The report also includes an analysis of the competitors, geographic regions, and expansion into the global atherectomy device market.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/atherectomy-devices-market-p.php

The global atherectomy device market is anticipated to grow between 2022 and 2030 at a CAGR of 8.82%. The improvement of minimally invasive scientific techniques and the growing incidence of vascular illnesses are the two main elements driving the global atherectomy device market, a dynamic and quick-growing subsector of the medical device industry. Atherectomy devices are specialized tools designed to remove atherosclerotic plaque buildup from blood vessels, primarily arteries, restoring proper blood flow. Moreover, the rising prevalence of vascular diseases, such as peripheral artery disease (PAD) and coronary artery disease (CAD), is a primary driver. These conditions can lead to arterial blockages, necessitating atherectomy procedures to remove the plaque and prevent severe complications like limb amputations or heart attacks.

Likewise, growing recognition amongst physicians and patients about the benefits of atherectomy strategies significantly increases the market, emphasizing the vital role of early prognosis and intervention in dealing with vascular illnesses. This accelerated focus propels innovation, leading to improvements in atherectomy device technology that enhance their effectiveness, protection, and precision. Specialized techniques such as laser atherectomy, rotational atherectomy, and directional atherectomy cater to diverse patient needs, contributing to the market’s growth and progressing patient effects. So, the global atherectomy device market is expected to value about US$ 1,708.29 Million by 2030. 

Furthermore, hospitals serve as the primary end-users of atherectomy devices, offering a controlled and well-equipped environment for these procedures. Their advanced infrastructure, expertise of skilled medical professionals, and collaborative research efforts are pivotal in driving the market’s growth. The intense competition among medical device companies has further accelerated research and development initiatives, introducing cutting-edge atherectomy devices. This competitive landscape contributes to market expansion and fosters ongoing innovation, enhancing the efficacy and safety of these devices for patients.

Particularly noteworthy is the increasing adoption of atherectomy devices in emerging markets. As these regions experience demographic shifts, including ageing populations and a surge in lifestyle-related diseases, the demand for advanced vascular disease treatments rises. Also, heightened healthcare awareness, improved access to specialized medical procedures, and investments in healthcare infrastructure all contribute to the growing acceptance of atherectomy devices in emerging markets, further propelling market expansion.

Laser atherectomy has emerged as the fastest-growing segment with the highest share in the global atherectomy devices market.

This modern generation utilizes laser power to vaporize or remove plaque buildup, restoring blood flow with precision and decreasing threat compared to traditional surgical techniques. The capability of laser atherectomy to address complicated lesions and navigate hard anatomies has made it increasingly popular among healthcare vendors, using its rapid adoption and dominance in the atherectomy device market.

Request a free sample copy of the report:  https://www.renub.com/request-sample-page.php?gturl=atherectomy-devices-market-p.php

Product Type – Global Atherectomy Devices Market has been covered from four viewpoints.

  1. Directional Atherectomy
  2. Rotational Atherectomy
  3. Orbital Atherectomy
  4. Laser Atherectomy

Peripheral vascular applications are dominant in the global atherectomy device market.

Peripheral vascular applications have dominated the worldwide atherectomy device market because of the rising incidence of peripheral artery disease (PAD) and the developing need for minimally invasive treatments. Atherectomy devices, perfect for peripheral vascular conditions, efficiently dispose of plaque buildup from arteries, restoring blood flow and mitigating the chance of amputations or extreme headaches. The demand for these devices soars as consciousness and screening for PAD grow, making peripheral vascular applications the primary sector in the global atherectomy device market.

Application – The global atherectomy device market has been covered from three viewpoints.

  1. Cardiovascular
  2. Neurovascular
  3. Peripheral Vascular

Hospitals are at the forefront of the global atherectomy devices market primarily because they are central hubs for specialized medical procedures.

Hospitals house advanced systems, skilled clinical experts, and a numerous affected person pool requiring atherectomy techniques. They offer comprehensive care, which includes diagnostics, surgical procedures, and submit-operative help, making them the desired choice for patients with arterial blockages. Furthermore, collaborations with device manufacturers and research establishments regularly occur within health centre settings, fostering innovation and ensuring their leadership position in the atherectomy devices market.

End-User – Global Atherectomy Devices Market has been covered from three viewpoints.

  1. Hospitals 
  2. Ambulatory Care Service 
  3. Medical Research Institutes

The United States maintains its leadership in the global atherectomy devices market.

Robust regulatory frameworks and clinical studies make the U.S. a hotspot for atherectomy device innovation. Also, a massive affected person population, blended with a well-set up insurance system, ensures excellent access to these devices. Ongoing collaborations between healthcare establishments and device producers strengthen the United States’ dominant role in the global atherectomy devices market.

Region – Market has covered from 6 viewpoints:

Country – The Global Atherectomy Devices Market has been covered from twenty-six viewpoints.

1.    North America

1.1    United States

1.2    Canada

2.    Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3.    Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4.    Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

6.    Rest of the World

Competitive Landscape.

The leading companies operating in the global atherectomy devices market include Boston Scientific Corporation Inc, Abbott Laboratories, Medtronic, Cardinal Health, Terumo, Integer Holdings, Becton, Dickinson & Company, and Angio Dynamics Inc.

Company Insights.

  • Overview
  • Recent Developments and Initiatives
  • Sales Analysis

Analysis of the companies present in the global atherectomy devices market.

  1. Boston Scientific Corporation, Inc.
  2. Abbott Laboratories
  3. Medtronic
  4. Cardinal Health
  5. Terumo
  6. Integer Holdings
  7. Becton
  8. Dickinson and Company
  9. Angio Dynamics, Inc.

 

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About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

 

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

Thank You

Atherectomy Devices Market, Size, Forecast Report 2030

In a recent report by Renub Research titled “Global Atherectomy Devices Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” market share data is presented along with a thorough industry analysis. The report also includes an analysis of the competitors, geographic regions, and expansion into the global atherectomy device market.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/atherectomy-devices-market-p.php

The global atherectomy device market is anticipated to grow between 2022 and 2030 at a CAGR of 8.82%. The improvement of minimally invasive scientific techniques and the growing incidence of vascular illnesses are the two main elements driving the global atherectomy device market, a dynamic and quick-growing subsector of the medical device industry. Atherectomy devices are specialized tools designed to remove atherosclerotic plaque buildup from blood vessels, primarily arteries, restoring proper blood flow. Moreover, the rising prevalence of vascular diseases, such as peripheral artery disease (PAD) and coronary artery disease (CAD), is a primary driver. These conditions can lead to arterial blockages, necessitating atherectomy procedures to remove the plaque and prevent severe complications like limb amputations or heart attacks.

Likewise, growing recognition amongst physicians and patients about the benefits of atherectomy strategies significantly increases the market, emphasizing the vital role of early prognosis and intervention in dealing with vascular illnesses. This accelerated focus propels innovation, leading to improvements in atherectomy device technology that enhance their effectiveness, protection, and precision. Specialized techniques such as laser atherectomy, rotational atherectomy, and directional atherectomy cater to diverse patient needs, contributing to the market’s growth and progressing patient effects. So, the global atherectomy device market is expected to value about US$ 1,708.29 Million by 2030. 

Furthermore, hospitals serve as the primary end-users of atherectomy devices, offering a controlled and well-equipped environment for these procedures. Their advanced infrastructure, expertise of skilled medical professionals, and collaborative research efforts are pivotal in driving the market’s growth. The intense competition among medical device companies has further accelerated research and development initiatives, introducing cutting-edge atherectomy devices. This competitive landscape contributes to market expansion and fosters ongoing innovation, enhancing the efficacy and safety of these devices for patients.

Particularly noteworthy is the increasing adoption of atherectomy devices in emerging markets. As these regions experience demographic shifts, including ageing populations and a surge in lifestyle-related diseases, the demand for advanced vascular disease treatments rises. Also, heightened healthcare awareness, improved access to specialized medical procedures, and investments in healthcare infrastructure all contribute to the growing acceptance of atherectomy devices in emerging markets, further propelling market expansion.

Laser atherectomy has emerged as the fastest-growing segment with the highest share in the global atherectomy devices market.

This modern generation utilizes laser power to vaporize or remove plaque buildup, restoring blood flow with precision and decreasing threat compared to traditional surgical techniques. The capability of laser atherectomy to address complicated lesions and navigate hard anatomies has made it increasingly popular among healthcare vendors, using its rapid adoption and dominance in the atherectomy device market.

Request a free sample copy of the report:  https://www.renub.com/request-sample-page.php?gturl=atherectomy-devices-market-p.php

Product Type – Global Atherectomy Devices Market has been covered from four viewpoints.

  1. Directional Atherectomy
  2. Rotational Atherectomy
  3. Orbital Atherectomy
  4. Laser Atherectomy

Peripheral vascular applications are dominant in the global atherectomy device market.

Peripheral vascular applications have dominated the worldwide atherectomy device market because of the rising incidence of peripheral artery disease (PAD) and the developing need for minimally invasive treatments. Atherectomy devices, perfect for peripheral vascular conditions, efficiently dispose of plaque buildup from arteries, restoring blood flow and mitigating the chance of amputations or extreme headaches. The demand for these devices soars as consciousness and screening for PAD grow, making peripheral vascular applications the primary sector in the global atherectomy device market.

Application – The global atherectomy device market has been covered from three viewpoints.

  1. Cardiovascular
  2. Neurovascular
  3. Peripheral Vascular

Hospitals are at the forefront of the global atherectomy devices market primarily because they are central hubs for specialized medical procedures.

Hospitals house advanced systems, skilled clinical experts, and a numerous affected person pool requiring atherectomy techniques. They offer comprehensive care, which includes diagnostics, surgical procedures, and submit-operative help, making them the desired choice for patients with arterial blockages. Furthermore, collaborations with device manufacturers and research establishments regularly occur within health centre settings, fostering innovation and ensuring their leadership position in the atherectomy devices market.

End-User – Global Atherectomy Devices Market has been covered from three viewpoints.

  1. Hospitals 
  2. Ambulatory Care Service 
  3. Medical Research Institutes

The United States maintains its leadership in the global atherectomy devices market.

Robust regulatory frameworks and clinical studies make the U.S. a hotspot for atherectomy device innovation. Also, a massive affected person population, blended with a well-set up insurance system, ensures excellent access to these devices. Ongoing collaborations between healthcare establishments and device producers strengthen the United States’ dominant role in the global atherectomy devices market.

Region – Market has covered from 6 viewpoints:

Country – The Global Atherectomy Devices Market has been covered from twenty-six viewpoints.

1.    North America

1.1    United States

1.2    Canada

2.    Europe

2.1    France

2.2    Germany

2.3    Italy

2.4    Spain

2.5    United Kingdom

2.6    Belgium

2.7    Netherland

2.8    Turkey

3.    Asia Pacific

3.1    China

3.2    Japan

3.3    India

3.4    South Korea

3.5    Thailand

3.6    Malaysia

3.7    Indonesia

3.8    Australia

3.9    New Zealand

4.    Latin America

4.1    Brazil

4.2    Mexico

4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia

5.2    UAE

5.3    South Africa

6.    Rest of the World

Competitive Landscape.

The leading companies operating in the global atherectomy devices market include Boston Scientific Corporation Inc, Abbott Laboratories, Medtronic, Cardinal Health, Terumo, Integer Holdings, Becton, Dickinson & Company, and Angio Dynamics Inc.

Company Insights.

  • Overview
  • Recent Developments and Initiatives
  • Sales Analysis

Analysis of the companies present in the global atherectomy devices market.

  1. Boston Scientific Corporation, Inc.
  2. Abbott Laboratories
  3. Medtronic
  4. Cardinal Health
  5. Terumo
  6. Integer Holdings
  7. Becton
  8. Dickinson and Company
  9. Angio Dynamics, Inc.

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

 

Contact Us:

Renub Research

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Email: info@renub.com

LinkedIn: https://in.linkedin.com/company/renub-research

Web: www.renub.com

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