Global Atherectomy Devices Market Report and Forecast 2024-2032

Global Atherectomy Devices Market Outlook

The global atherectomy devices market was valued at USD 846.84 million in 2023, driven by the increasing health consciousness among consumers across the globe. The market size is anticipated to grow at a CAGR of 10.4% during the forecast period of 2024-2032 to achieve a value of USD 2,059.74 million by 2032.

Atherectomy Devices: Introduction

Atherectomy devices are used to perform atherectomy which is a process of removing atherosclerotic plaque from effected arteries. Atherectomy is effective when it comes to treating both coronary and arterial disease. Atherectomy devices are designed in a way that they could be used to cut, shave, vaporize, or sand the plaques that are present in the arteries.

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Atherectomy is a minimally invasive process by which atherosclerosis is being removed from blood vessels. It is quite effective process and also an alternate to angioplasty which is effectively used to treat peripheral artery disease. Atherectomy could be an alternate to angioplasty but there are no studies that says which one is superior out of both the process. Atherectomy is generally performed in such cases where arteries are encountered to be narrowing down due to the accumulation of atherosclerosis which is caused by peripheral artery disease and coronary artery disease.

Key Trends in Atherectomy Devices Market

Atherectomy devices are used to cut the plaque out of the walls of artery unlike angioplasty or stents that push the plaque into the wall of vessel. Atherectomy can be used to treat arteries generally, but they could also be used to treat veins and vascular bypass grafts.

There are several key trends running in the global atherectomy devices market and some of them includes escalating technological advancements due to which new devices are developing, which would be much more efficient with the capabilities in comparison with current devices that are available in the market. Increased precision would be the major advantage of these newly introducing atherectomy devices. Due to it being a minimally invasive procedure it has already been gaining popularity as people today are getting more aware and interested in minimally invasive procedures rather than choosing traditional procedures. Shorter recovery time and smaller incisions are the prime reason due to which minimally invasive procedures are in trend in this market.

Rising prevalence of cardiovascular disease as peripheral and coronary artery disease due to which plaque gets accumulated in the blood vessels results in the blood flow blockage in the blood vessel. Rising geriatric population which is prone of getting these cardiovascular diseases is also expected to contribute to the growth in the market size of atherectomy devices.

Atherectomy Devices Market Segmentations

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Market Breakup by Type

• Directional Atherectomy Systems

• Orbital Atherectomy Systems

• Photo-ablative (Laser) Atherectomy Systems

• Rotational Atherectomy Systems

Market Breakup by Application

• Peripheral Vascular Applications

• Cardiovascular Applications

• Neurovascular Applications

Market Breakup by End User

• Hospitals and Surgical Centres

• Ambulatory Care Centres

• Other End Users

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Atherectomy Devices Market Scenario

The market for atherectomy devices is witnessing gradual growth and is expected to continue growing in coming years as well.  These atherectomy devices are used to remove plaque accumulation from blood vessels that has been accumulated on the walls.

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The atherectomy devices are in high demand in the market and this demand is driven by several factors such as rising awareness among people about minimally invasive procedures. Additionally, increasing incidence of cardiovascular diseases among geriatric population that has been growing lately and use of advancing technologies in the development of new atherectomy devices has also been major drivers for the market.

Atherectomy Devices Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Abbott Laboratories

• Boston Scientific Corporation

• BD

• Cardinal Health Inc.

• Koninklijke Philips NV,

• Medtronic Plc,

• Terumo Corporation,

• Avinger,

• Cardiovascular Systems,

• Ra Medical Systems

Key Highlights of the Report