What are the recent trends in market size and growth for the coronary atherectomy devices market?
The coronary atherectomy devices market size has grown strongly in recent years. It will grow from $0.21 billion in 2024 to $0.23 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rising prevalence of coronary artery disease, growing demand for minimally invasive procedures, demand for coronary atherectomy devices, rising disposable incomes.
The coronary atherectomy devices market size is expected to see strong growth in the next few years. It will grow to $0.34 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to aging population, hybrid procedures, industry investment, patient and physician awareness. Major trends in the forecast period include advancements in coronary atherectomy devices, miniaturization, enhanced imaging, personalized treatment, advancements in device design, robotics and artificial intelligence.
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How have varous drivers impacted the growth of the coronary atherectomy devices market?
The increasing prevalence of cardiovascular diseases (CVDs) has resulted in an increased demand for atherectomy devices for the treatment of CVDs. The increased prevalence of cardiovascular diseases can be attributed to the use of smoking, physical inactivity, and an unhealthy diet. For instance, in September 2023, according to the Center for Disease Control and Prevention, a US-based government agency, the number of deaths due to cardiovascular diseases reached 695,547 in 2021. Additionally, in August 2022, according to the American College of Cardiology, a US-based non-profit medical association, the risk factors for ischemic heart disease were predicted to increase by 30.7% to 29 million by 2025. Therefore, increasing the prevalence of cardiovascular diseases is expected to drive the growth of the global coronary atherectomy devices market.
What are the primary segments of the coronary atherectomy devices market?
The coronary atherectomy devices market covered in this report is segmented –
1) By Product: Directional Atherectomy Devices, Orbital Atherectomy Devices, Photo-Ablative Atherectomy Devices, Rotational Atherectomy Devices, Other Products
2) By Application: Peripheral Vascular, Cardiovascular, Neurovascular
3) By End User: Hospitals And Surgical Centers, Ambulatory Care Centers, Research Laboratories And Academic Institutes
Subsegments:
1) By Directional Atherectomy Devices: Traditional Directional Atherectomy Devices, Advanced Directional Atherectomy Devices
2) By Orbital Atherectomy Devices: Single-Wire Orbital Atherectomy Devices, Multi-Wire Orbital Atherectomy Devices
3) By Photo-Ablative Atherectomy Devices: Laser-Based Photo-Ablative Devices, Other Photo-Ablative Atherectomy Devices
4) By Rotational Atherectomy Devices: Manual Rotational Atherectomy Devices, Motorized Rotational Atherectomy Devices
5) By Other Products: Combination Atherectomy Devices, Custom Atherectomy Solutions, Other Coronary Atherectomy Devices
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Which firms are leading the coronary atherectomy devices market?
Major companies operating in the coronary atherectomy devices market include Boston Scientific Corporation, Koninklijke Philips N.V., Cardiovascular Systems Inc., The Spectranetics Corporation, Medtronic Inc., Avinger Inc., Biotronik SE & Co KG, Arterial Remodeling Technologies, Atrium Medical Corporation, B. Braun Melsungen AG, Balton Sp. z o.o., Biosensors International Group Ltd., Straub Medical AG, C.R. Bard Inc., RA Medical Systems Inc., Shockwave Medical Inc., Terumo Corporation, Abbott Laboratories Inc., Asahi Intecc Co. Ltd., Baylis Medical Company Inc., Cook Medical LLC, Cordis Corporation, Edwards Lifesciences Corporation, Endologix Inc., Infraredx Inc., Intact Vascular Inc., Lutonix Inc., Mercator MedSystems Inc., Miracor Medical Systems GmbH, OrbusNeich Medical Company Limited, QT Vascular Ltd., TriReme Medical LLC, Vascular Solutions Inc., Volcano Corporation
How will industry trends affect the trajectory of the coronary atherectomy devices market?
Major companies operating in the coronary atherectomy equipment market are focusing on innovative solutions, such as radial access catheters, to improve patient outcomes by enabling safer and less invasive procedures for the treatment of coronary artery disease. Radial Access Catheters refer to specialized medical devices used in interventional cardiology to access the coronary arteries through the radial artery in the wrist rather than the traditional femoral artery in the groin. For instance, in January 2024, AngioDynamics, a US-based provider of products and solutions to healthcare professionals, announced FDA 510(k) clearance for its Auryon XL Radial Access Catheter, designed to treat peripheral arterial disease (PAD). This 225-cm catheter, compatible with the Auryon Atherectomy System, offers two diameter options (0.9 mm and 1.5 mm) and utilizes advanced laser technology for effective treatment of arterial occlusions. Notably, radial access significantly reduces major bleeding risks compared to traditional femoral access and allows for bilateral disease treatment in a single session, promoting faster recovery.
Which geographic trends are shaping the coronary atherectomy devices market, and which region has the highest market share?
North America was the largest region in the coronary atherectomy devices market in 2023. Western Europe was the second-largest region in the global coronary atherectomy devices market share. Africa, was the smallest region in the coronary atherectomy devices industry. The regions covered in the coronary atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Coronary Atherectomy Devices Market Report 2025 Offer?
The coronary atherectomy devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Coronary atherectomy devices are used to remove atherosclerosis from coronary blood vessels. Atherectomy devices were developed to permit drilling, grinding, or sanding of atheroma, calcium, and excess cellular material from the site of coronary occlusion or stenosis.
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