global coronary atherectomy devices market, coronary atherectomy devices industry, coronary atherectomy devices market trends, coronary atherectomy devices market forecast, coronary atherectomy devices market report, coronary atherectomy devices market overview
At what pace is the atherectomy devices market growing, and what is its estimated value?
The atherectomy devices market size has grown strongly in recent years. It will grow from $0.93 billion in 2024 to $1.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. 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 $1.46 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. 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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What are the top drivers to the rising demand in the atherectomy devices market?
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 2024, according to the Singapore Heart Foundation (SHF), a Singapore-based non-profit organization, the total number of deaths from cardiovascular disease reached 8,311 in 2023, up from 7,762 in 2021. Additionally, atherosclerosis accounted for 60% of these deaths in 2023, compared to 59% in 2022. Therefore, the prevalence of coronary artery disease retailers is driving the growth of the atherectomy devices market.
How is the atherectomy devices market segmented?
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
Subsegments:
1) By Rotational Atherectomy Devices: Coronary Rotational Atherectomy Devices, Peripheral Rotational Atherectomy Devices
2) By Orbital Atherectomy Devices: Coronary Orbital Atherectomy Devices, Peripheral Orbital Atherectomy Devices
3) By Directional Atherectomy Devices: Coronary Directional Atherectomy Devices, Peripheral Directional Atherectomy Devices
4) By Other Products: Laser Atherectomy Devices, Excimer Laser Atherectomy Systems
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Who are the top competitors in the atherectomy devices market?
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
What significant trends should we anticipate in the atherectomy devices market over the forecast period?
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.
Which regional trends are influencing the atherectomy devices market, and which area dominates the industry?
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.
What Does The Atherectomy Devices Market Report 2025 Offer?
The 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.
Atherectomy devices are specialized medical instruments used in the procedure of atherectomy, a minimally invasive surgical technique to remove atherosclerotic plaque from blood vessels. Atherectomy devices are crucial in managing arterial blockages, offering a precise and minimally invasive solution to restore blood flow and alleviate symptoms associated with peripheral artery disease (PAD) and coronary artery disease (CAD).
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