Atherectomy Devices Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis, 2021–2032

 The atherectomy devices market is a rapidly growing sector in the healthcare industry, driven by the increasing prevalence of cardiovascular diseases and the demand for minimally invasive treatment options. Atherectomy devices are used to remove plaque buildup in arteries, improving blood flow and reducing the risk of complications such as heart attacks and strokes. These devices are particularly important in treating peripheral artery disease (PAD) and coronary artery disease (CAD).

The global atherectomy devices market size is expected to reach USD 2,164.48 Million and register a steady revenue CAGR of 10.5% over the forecast period, according to latest analysis by Emergen Research.  One of the key drivers for the atherectomy devices market is the increasing prevalence of cardiovascular diseases. According to the American Heart Association, cardiovascular diseases are the leading cause of death globally, accounting for approximately 17.9 million deaths each year. Atherectomy devices offer a minimally invasive alternative to traditional surgical procedures, reducing the risk of complications and improving patient outcomes.

Another driver for market growth is the technological advancements in atherectomy devices. Manufacturers are continuously innovating to develop devices with improved safety, efficacy, and ease of use. For example, the development of laser atherectomy devices and rotational atherectomy devices has enhanced the precision and effectiveness of plaque removal, reducing the need for additional procedures.

However, there are certain restraints that may hinder the growth of the atherectomy devices market. One of the major challenges is the high cost associated with these devices and procedures. The initial investment, as well as the ongoing maintenance and disposable costs, can be significant for healthcare facilities. This may limit the adoption of atherectomy devices, particularly in resource-constrained settings.

To provide some statistics, according to a report by the Centers for Disease Control and Prevention (CDC), PAD affects approximately 8.5 million people in the United States, and the prevalence is expected to increase due to factors such as aging population and rising incidence of diabetes and obesity. The report highlights the importance of early detection and treatment of PAD to prevent complications such as amputations and strokes.

In terms of recent product launches, here are a few examples:

  1. In February 2023, Philips launched the Visions PV Atherectomy System, a rotational atherectomy device designed for the treatment of PAD. The device offers precise plaque removal and real-time feedback, enhancing the safety and efficacy of the procedure.
  2. In March 2023, Cardiovascular Systems, Inc. introduced the Diamondback 360 Coronary Orbital Atherectomy System, a device used to treat calcified coronary lesions. The device utilizes an orbital mechanism to remove plaque buildup, reducing the need for additional procedures.

Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Key companies operating in the Atherectomy Devices market include:

Abbott, Boston Scientific Corporation, Medtronic, BD, Koninklijke Philips N.V,  Avinger, REX MEDICAL, AngioDynamics, Biomerics, Wainscot Media 

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Atherectomy Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

  • Comprehensive analysis of the competitive scenario and its changing dynamics
  • Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
  • In-depth 8-year analysis of the Global Atherectomy Devices Market
  • Critical understanding of the key market segments
  • Comprehensive analysis of the drivers, restraints, trends, and opportunities
  • Detailed regional analysis and extensive company profiling
  • Extensive assessment of current and emerging trends of the market

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Atherectomy Devices Market Segmentation:

  • Product Outlook (Revenue, USD Million; 2019–2032)

    • Directional Atherectomy Devices
    • Orbital Atherectomy Devices
    • Photo-Ablative Atherectomy Devices
    • Rotational Atherectomy Devices
    • Support Devices

  • Application Outlook (Revenue, USD Million; 2019–2032)

    • Peripheral Vascular
    • Cardiovascular
    • Neurovascular

  • End-Use Outlook (Revenue, USD Million; 2019–2032)

    • Hospitals and Surgical Centers
    • Ambulatory Care Centers
    • Other

 

Atherectomy Devices Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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