The atherectomy devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Atherectomy Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The atherectomy devices market size has grown strongly in recent years. It will grow from $0.85 billion in 2023 to $0.93 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to a rise in the incidence of cardiovascular conditions, an increase in the elderly population, rising obesity rates, increased funding and investment in cardiovascular research and healthcare infrastructure, and growing awareness of minimally invasive procedures.
The atherectomy devices market size is expected to see strong growth in the next few years. It will grow to $1.33 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing rates of diabetes, rising incidence of lifestyle-related diseases, increasing availability of reimbursements for atherectomy systems, rising disposable incomes, and growing demand for atherectomy procedures. Major trends in the forecast period include continuous innovations in atherectomy devices, integration of advanced imaging technologies, emphasis on patient-centric care, implementation of robotic systems, and utilization of real-time data analytics and machine learning.
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Scope Of Atherectomy Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Atherectomy Devices Market Overview
Market Drivers –
The prevalence of coronary artery disease is expected to propel the growth of the atherectomy devices market going forward. Coronary artery disease (CAD) refers to a condition characterized by the narrowing or blockage of the coronary arteries due to plaque buildup, leading to reduced blood flow to the heart. The prevalence of coronary artery disease is due to a global increase in the elderly population, a rise in sedentary behaviors, increased levels of stress and mental health issues, and increased consumption of unhealthy foods. Directional coronary atherectomy is a minimally invasive procedure designed to remove blockages from coronary arteries, enhancing blood flow to the heart muscle and alleviating pain. For instance, in May 2023, according to the Centers for Disease Control And Prevention, a US-based governmental organization, the percentage of coronary heart disease ( a condition where plaque builds up inside the coronary arteries) in adults aged 18 and over was 4.6% in 2020, which increased to 4.9% in 2021. Additionally, the percentage of angina for adults aged 18 and over accounted for 1.6% in 2022, compared to 1.5% in 2021. Therefore, the prevalence of coronary artery disease retailers is driving the growth of the atherectomy devices market.
Market Trends –
Major companies operating in the atherectomy devices market are developing innovative products, such as the atherectomy peripheral platform-based catheter, to gain a competitive edge in the market. An atherectomy peripheral platform-based catheter is a medical device utilized to treat peripheral artery disease by navigating through blood vessels to address arterial blockages in the legs. For instance, in October 2023, Cardio Flow, a US-based medical device company manufacturing, launched the FreedomFlow, an orbital atherectomy peripheral platform. The FreedomFlow platform employs a contemporary mechanism to remove plaque blockages in the leg arteries, utilizing a proprietary catheter-based design that utilizes angular momentum physics, featuring a spiral geometry with five diamond-coated spheres maintaining constant contact with the vessel wall during both advancement and retraction.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Atherectomy Devices Market Report Structure
3. Atherectomy Devices Market Trends And Strategies
4. Atherectomy Devices Market – Macro Economic Scenario
5. Global Atherectomy Devices Market Size and Growth
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32. Global Atherectomy Devices Market Competitive Benchmarking
33. Global Atherectomy Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Atherectomy Devices Market
35. Atherectomy Devices Market Future Outlook and Potential Analysis
36. Appendix
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