What Has Been the Progress and Growth of the Atherectomy Devices Market in Recent Years?
The atherectomy devices market has seen considerable growth due to a variety of factors.
• The atherectomy devices market has grown steadily in recent years. It will increase from $0.93 billion in 2024 to $1.02 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.8%.
This growth is attributed to the increasing incidence of cardiovascular conditions, an aging population, rising obesity rates, higher investments in cardiovascular research, and growing awareness of minimally invasive procedures.
What Is The Expected Growth In The Atherectomy Devices Market Size Evolve over the Forecast Period?
The atherectomy devices market is expected to maintain its strong growth trajectory in upcoming years.
• The atherectomy devices market is expected to grow significantly, reaching $1.46 billion by 2029, with a CAGR of 9.4%.
Growth is driven by increasing diabetes rates, lifestyle-related diseases, more reimbursements for atherectomy procedures, higher disposable incomes, and an increased demand for such procedures. Trends include innovations in atherectomy devices, the integration of advanced imaging technologies, patient-centric care, robotic systems, and the use of real-time data analytics.
What Main Forces Are Fueling Expansion In The Atherectomy Devices Market?
The growing prevalence of coronary artery disease is expected to drive the growth of the atherectomy devices market. Coronary artery disease, characterized by the narrowing of coronary arteries due to plaque buildup, is becoming more common due to factors such as aging, sedentary behavior, and unhealthy diets. Atherectomy devices are used to remove blockages from coronary arteries, improving blood flow and alleviating pain. In 2023, cardiovascular disease was responsible for 8,311 deaths in Singapore, with a significant portion attributed to atherosclerosis. This rising prevalence of coronary artery disease will continue to drive the demand for atherectomy devices.
What Are The Primary Segments In The Global Atherectomy Devices Market?
The atherectomy devices market covered in this report is segmented –
1) By Product: Rotational Atherectomy Devices, Orbital Atherectomy Devices, Directional Atherectomy Devices, Other Products
2) By Application: Peripheral Vascular Applications, Cardiovascular Applications, Neurovascular Applications
3) By End User: Hospitals And Surgical Centers, Ambulatory Care Centers, Other End Users
Subsegments:
1) By Rotational Atherectomy Devices: Coronary Rotational Atherectomy Devices, Peripheral Rotational Atherectomy Devices
2) By Orbital Atherectomy Devices: Coronary Orbital Atherectomy Devices, Peripheral Orbital Atherectomy Devices
3) By Directional Atherectomy Devices: Coronary Directional Atherectomy Devices, Peripheral Directional Atherectomy Devices
4) By Other Products: Laser Atherectomy Devices, Excimer Laser Atherectomy Systems
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How Are Emerging Trends Reshaping The Dynamics Of The Atherectomy Devices Market?
Companies in the atherectomy devices market are introducing innovative products like the atherectomy peripheral platform-based catheter to gain a competitive advantage. This medical device is used to treat peripheral artery disease by navigating through blood vessels to address blockages in the legs. For example, in October 2023, Cardio Flow, a US-based medical device manufacturer, launched FreedomFlow, an orbital atherectomy platform. The FreedomFlow utilizes a unique catheter design based on angular momentum physics, featuring a spiral geometry and five diamond-coated spheres that maintain constant contact with the vessel wall during both advancement and retraction.
Who Are the Key Players In The Atherectomy Devices Market?
Major companies operating in the atherectomy devices market are:
• Cardinal Health Inc.
• Bayer AG
• Abbott Laboratories
• Medtronic plc
• Becton Dickinson and Company
• Philips Healthcare
• Boston Scientific Corporation
• Merit Medical Systems Inc.
• Terumo Corporation
• Cook Medical LLC
• Integer Holdings Corporation
• Biotronik SE & Co. KG
• Penumbra Inc.
• Biomerics LLC
• Asahi Intecc Co. Ltd.
• Volcano Corporation
• AngioDynamics Inc.
• Cordis Corporation
• Straub Medical AG
• Avinger Inc.
• Cardio Flow Inc.
• Eximo Medical Ltd.
• Ra Medical Systems Inc.
• Acotec Scientific Holdings Ltd.
• ArioMedica Ltd
What Is The Most Dominant Region In The Atherectomy Devices Market?
North America was the largest region in the atherectomy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
