Atherectomy Devices Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 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.

The latest and updated research report on the Global Atherectomy Devices Market covers a comprehensive overview of the Atherectomy Devices market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Atherectomy Devices market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.

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Competitive Outlook: The leading companies operating in the Atherectomy Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Atherectomy Devices Market and Profiled in the Report are:

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

Objectives of the Report:

Study of the global Atherectomy Devices market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Atherectomy Devices market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Atherectomy Devices market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Atherectomy Devices market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Enquire for customization in Report @: https://www.emergenresearch.com/request-for-customization/1991

Segments Covered in this report are:

 

  • 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

Regional Segmentation:

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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