PUBLISHER: The Business Research Company | PRODUCT CODE: 1702793
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702793
Atherectomy devices are specialized medical tools employed in atherectomy procedures, a minimally invasive surgery designed to eliminate atherosclerotic plaque from blood vessels. These devices are essential for treating arterial blockages, providing an accurate and minimally invasive method to restore blood flow and relieve symptoms related to peripheral artery disease (PAD) and coronary artery disease (CAD).
The primary types of atherectomy devices include rotational atherectomy devices, orbital atherectomy devices, directional atherectomy devices, and other related products. Rotational atherectomy devices are specialized tools designed to treat hardened, calcified plaques in arteries. These devices are used in various applications, including peripheral vascular, cardiovascular, and neurovascular applications. The end users encompass hospitals and surgical centers, ambulatory care centers, and other facilities.
The atherectomy devices market research report is one of a series of new reports from The Business Research Company that provides atherectomy devices market statistics, including the atherectomy devices industry global market size, regional shares, competitors with atherectomy devices market share, detailed atherectomy devices market segments, market trends, and opportunities, and any further data you may need to thrive in the atherectomy devices industry. This atherectomy devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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.
The growing prevalence of coronary artery disease (CAD) is expected to drive the growth of the atherectomy devices market. CAD is a condition where the coronary arteries become narrowed or blocked due to plaque buildup, reducing blood flow to the heart. The increasing prevalence of CAD can be attributed to factors such as an aging population, sedentary lifestyles, higher levels of stress, mental health issues, and poor dietary habits. Directional coronary atherectomy is a minimally invasive procedure used to remove blockages in coronary arteries, improving blood flow to the heart and alleviating associated pain. For example, in May 2024, the Singapore Heart Foundation (SHF) reported that cardiovascular disease caused 8,311 deaths in 2023, up from 7,762 in 2021. Atherosclerosis was responsible for 60% of these deaths in 2023, compared to 59% in 2022. Therefore, the increasing prevalence of coronary artery disease is driving the demand for atherectomy devices.
Major companies in the atherectomy devices market are developing innovative products, such as atherectomy peripheral platform-based catheters, to gain a competitive advantage. These catheters are used to treat peripheral artery disease by navigating through blood vessels to address arterial blockages in the legs. For example, in October 2023, Cardio Flow, a US-based medical device manufacturer, launched the FreedomFlow, an orbital atherectomy peripheral platform. The FreedomFlow platform uses a modern mechanism to remove plaque blockages in the leg arteries, employing a proprietary catheter-based design that utilizes angular momentum physics. This design features a spiral geometry with five diamond-coated spheres that maintain constant contact with the vessel wall during both advancement and retraction.
In April 2023, Abbott Laboratories, a US-based medical device manufacturer, acquired Cardiovascular Systems Inc. for an undisclosed amount. This acquisition bolsters Abbott's vascular portfolio, enhancing its ability to provide care for patients with peripheral and coronary artery disease. Cardiovascular Systems Inc., also based in the US, specializes in producing innovative atherectomy systems.
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
North America was the largest region in the atherectomy devices market in 2024. 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.
The countries covered in the atherectomy devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The atherectomy devices market consists of sales of laser atherectomy devices, hydrodynamic atherectomy devices, and ultrasonic atherectomy devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Atherectomy Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on atherectomy devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for atherectomy devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The atherectomy devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.