Global Atherectomy Devices
Market Report
2024
Atherectomy devices market size is USD 2.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global atherectomy devices market size is USD 2.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Atherectomy Devices Market Sales Revenue 2024 | $ 2.9 Million |
Global Atherectomy Devices Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
Market Split by Product |
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Market Split by Application |
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Market Split by End Users |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Atherectomy Devices Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Atherectomy is a procedure, which is performed to remove atherosclerotic plaque from diseased arteries. Atherosclerotic plaques are present in either coronary or peripheral arterial vasculature and may have different characteristics depending on the texture of the plaque. Atherectomy has been used widely in the treatment of both coronary and peripheral arterial disease. Atherectomy devices are designed differently to either cut, shave, sand, or vaporize these plaques in the arteries, storing blood flow and improving circulation, and have different indications.
Several driving factors can grow the market of atherectomy. The rising prevalence of coronary artery diseases, and peripheral artery disease, and the growth of the geriatric population are key factors driving the market. Atherectomy is a slightly invasive procedure, which is expected to grow the atherectomy device market.
The increasing incidence of cardiovascular diseases such as coronary and peripheral arterial disease drives the atherectomy device market due to the high consumption of tobacco, unhealthy diet, and less physical activity can lead to cardiovascular diseases, which increases the demand for atherectomy devices for the treatment of these diseases.
In addition, an atherectomy device is used in orthopedic conditions such as bone tumors and persistent osteomyelitis. Atherectomy devices offer benefits like traditional therapies, lower risk of surgery, and comfortable surgery. All these factors fuel the atherectomy device market.
Nowadays patients and doctors have increased their preference for minimally invasive procedures, as compared to traditional surgeries with minimally invasive procedures operated with less damage to the body. Minimally invasive techniques have some advantages like less pain, less complication, and fewer hospital stay, which increase the demand and popularity of minimally invasive procedures/ surgery. Atherectomy is a minimally invasive procedure therefore in various conditions people demand atherectomy, which increases the atherectomy device market growth.
Atherectomy device surgery requires a professional surgery specialist. There is a shortage of healthcare professionals in rural regions. Professional surgical specialists are key components who use minimally invasive procedures like atherectomy. Governments are taking the initiative and providing funds to improve health status in rural areas. There is a shortage of talented healthcare professionals in many countries which results in patients going towards another option of procedure or surgery. Which hampers the atherectomy market growth.
The high cost of the Atherectomy device is another factor that hampers the market. Due to the high cost, people go to another method of treatment or another alternative device for atherectomy such as balloon angioplasty, which works the same as an atherectomy device. Which decreases the demand for atherectomy devices and declines the growth of the market.
Patients demand a minimally invasive procedure to manage peripheral and coronary vascular diseases. Recent developments in revascularization, non-invasive images, and prevention of cerebrovascular and cardiac complications reduce invasive surgeries. Some Processes are used to improve atherectomy devices like Percutaneous Revascularization using treatment principles such as optical coherence tomography and interventional radiology. The launch of new products and the increasing interest of competitors in this industry is expected to boost the growth of the autoinjector market.
COVID-19 has negatively impacted the global market of Atherectomy. Due to delayed and canceled elective procedures. During the pandemic, hospitals and clinics focused on treating COVID-19 patients, which postponed elective procedures and surgeries including Atherectomy. Many patients avoid going to hospitals or clinics during the pandemic because of fear of COVID-19, which results in decreasing demand for Atherectomy devices. In addition, during the pandemic, people adopt telemedicine. Such key factors have declined the demand and market of Atherectomy devices throughout the COVID-19 pandemic.
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In April 2024, BIOTRONIK’s latest insertable cardiac monitor received CE clearance and will be implanted for the first time in Europe. The BIOMONITOR IV incorporates AI technology to decrease the occurrence of false positive results. It offers unparalleled reliability in remote patient care, top-notch signal quality, and the ability to distinguish between premature ventricular contractions and atrial contractions. No other ICM on the market comes close to these features.
(Source:https://www.biotronik.com/en-int/biotronik-introduces-new-biomonitor-iv-insertable-cardiac-monitor-artificial-intelligence-ehra
Top Companies Market Share in Atherectomy Devices Industry: (In no particular order of Rank)
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Increasing availability of reimbursements for atherectomy systems, awareness of Atherectomy systems among medical professionals, an increasing number of clinical trials, and increasing use of minimally invasive procedures as well as technological developments are fueling the growth of Atherectomy systems in the North American market. According to the Centers for Disease Control and Prevention (CDC), heart disease are leading cause of death. Due to the prevalence of heart diseases, the demand for Atherectomy is increasing in this region.
The segment of the Asian Pacific region is anticipated to experience the fastest revenue increase in the atherectomy market. Due to the rising prevalence of peripheral artery disease, expanding healthcare infrastructure, rising use of cutting-edge technology, large patient population, and demand for minimally invasive procedure atherectomy, the market is highly growing.
The current report Scope analyzes Atherectomy Devices Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Atherectomy Devices Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Atherectomy Devices Industry growth. Atherectomy Devices market has been segmented with the help of its Product, Application End Users, and others. Atherectomy Devices market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By product, the Directional Atherectomy Systems segment accounted for the largest revenue share of the global Atherectomy device market:
As compared to all product types directional atherectomy systems are expected to account for high growth revenue share in the market, which offers various advantages such as low cost of treatment and improved efficiency. Directional atherectomy restores blood flow therefore; it becomes a popular choice of treatment for patients and surgeons. It is highly efficient and secure in the treatment of peripheral artery diseases.
Rotational atherectomy systems expect to have quick revenue growth due to the increasing prevalence of calcified and complex lesions and the rising demand for minimally invasive techniques. As compared to directional atherectomy systems, the rotational atherectomy system is a more used system to remove the calcified plaque that is present in the artery.
Orbital atherectomy systems expect significant growth in this market is rising due to increasing demand for safe and efficient treatment solutions for complicated lesions. An orbital atherectomy using a rotating, diamond-coated crown, leaving a smooth vessel wall in its place, removes the plaque.
Photo-ablative/laser atherectomy systems are expected to account for average growth revenue share in the market. Laser atherectomy is widely used in complex and complicated conditions. A laser, which is presented in laser atherectomy systems, generates high-energy light that is used in laser atherectomy to melt the plaque and improve blood flow.
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By application, the peripheral artery diseases segment dominated the worldwide Atherectomy market:
Peripheral artery disease is a condition where Atherectomy is widely used to treat this condition. Invasive operations are frequently needed in patients with peripheral artery disease to clear blockages and stop the disease from getting worse. Balloon angioplasty and percutaneous transluminal angioplasty are used to treat focal lesions; the demand for these therapies decreases due to increasing awareness about the atherectomy devices. Atherectomy is majorly used in peripheral artery disease which increases the market.
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The atherectomy process is used widely in hospitals because of the rising prevalence of cardiovascular illnesses like coronary and peripheral arterial disease. In hospitals highly qualified healthcare personnel are present to monitor the health condition of patients, together with the availability of cutting-edge infrastructure and medical technology in hospitals, is fueling the expansion of this market. Hospitals also serve a larger patient base and can handle complicated treatments, all of which is contributing to the Atherectomy industry's expansion in this market category.
Ambulatory surgery centers (ASC) expect to have quick revenue growth in the market. Ambulatory surgery centers are more convenient and affordable than hospitals. To decrease hospital stays and due to lower healthcare expenditure, people select Ambulatory surgery centers over then hospitals. Cutting-edge technology, well-equipped operating rooms, and the accessibility of qualified healthcare workers in ambulatory surgical centers contribute to the growth of the atherectomy market.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Atherectomy Devices Market is witnessing significant growth in the near future.
In 2023, the Directional Atherectomy Systems segment accounted for noticeable share of global Atherectomy Devices Market and is projected to experience significant growth in the near future.
The Peripheral Vascular Applications segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Medtronic (Ireland) , Boston Scientific (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Directional Atherectomy Systems, Orbital Atherectomy Systems, Photo-Ablative/Laser Atherectomy Systems, Rotational Atherectomy Systems, Support Devices |
Application | Peripheral Vascular Applications, Cardiovascular Applications, Neurovascular Applications |
End Users | Hospitals and Surgical Centre, Ambulatory Care Centers, Research Laboratories, Academic Institutes |
List of Competitors | Medtronic (Ireland), Philips (Netherlands), Boston Scientific (US), Cardiovascular Systems (US), Straub Medical (Switzerland), BIOTRONIK (Netherlands), C.R. Bard (US), Avinger (US) |
This chapter will help you gain GLOBAL Market Analysis of Atherectomy Devices. Further deep in this chapter, you will be able to review Global Atherectomy Devices Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End Users Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Atherectomy Devices market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Directional Atherectomy Systems have a significant impact on Atherectomy Devices market? |
What are the key factors affecting the Directional Atherectomy Systems and Orbital Atherectomy Systems of Atherectomy Devices Market? |
What is the CAGR/Growth Rate of Peripheral Vascular Applications during the forecast period? |
By type, which segment accounted for largest share of the global Atherectomy Devices Market? |
Which region is expected to dominate the global Atherectomy Devices Market within the forecast period? |
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Country level Data Customization |
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Additional Quantitative Data |
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