The atherectomy devices market is valued at around USD 969.52 million in 2023 and is predicted to reach USD 2325.88 million by 2034 exhibiting a compound yearly growth rate (CAGR) of 8.28% during the forecast period of 2024-2034. Efficient removal or ablation of the plaques while preserving the structural integrity of the surrounding arterial tissue is the major goal of atherectomy devices.
In both the peripheral and coronary vascular systems, atherectomy is a medical procedure used to remove plaque from arteries. The buildup of plaque, known as atherosclerosis, can narrow or block blood vessels, leading to conditions like peripheral artery disease (PAD) and coronary artery disease (CAD).
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GROWTH DRIVERS
One of the main factors driving the market for atherectomy devices is the increasing incidence of peripheral arterial disease and coronary artery disease. About 8.5 million Americans and 230 million people globally suffered from lower extremity peripheral artery disease in 2021, according to the National Institutes of Health (NIH), demonstrating the growing need for effective treatment options.
Because minimally invasive surgeries have several advantages over standard open surgery, including less trauma, faster recovery, and a lower risk of complications, there is a discernible trend toward them. The market demand for atherectomy treatments is driven by their acknowledged minimally invasive character, which makes them more appealing to patients and healthcare professionals.
MARKET SEGMENTATION:
By Type -
· Directional Atherectomy
· Rotational Atherectomy
· Orbital Atherectomy
· Laser Atherectomy
By Application -
· Peripheral Vascular Applications
· Cardiovascular Applications
· Neurovascular Applications
By End User -
· Hospitals and Surgical Centers
· Ambulatory Care Centers
· Other End Users
By Region -
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
Key Players:
· Boston Scientific Corporation
· Cardiovascular Systems, Inc.
· Medtronic
· Avinger
· Koninklijke Philips N.V.
· Becton, Dickinson and Company
· Abbott
· Cordis
· Biomerics LLC
· Terumo Medical Corporation
· Other Key & Niche Players
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