Atherectomy Devices Market Revenue, Product Launch

The atherectomy devices market is a rapidly growing sector in the healthcare industry, driven by the increasing prevalence of cardiovascular diseases and the demand for minimally invasive treatment options. Atherectomy devices are used to remove plaque buildup in arteries, improving blood flow and reducing the risk of complications such as heart attacks and strokes. These devices are particularly important in treating peripheral artery disease (PAD) and coronary artery disease (CAD).

The global atherectomy devices market size is expected to reach USD 2,164.48 Million and register a steady revenue CAGR of 10.5% over the forecast period, according to latest analysis by Emergen Research.  One of the key drivers for the atherectomy devices market is the increasing prevalence of cardiovascular diseases. According to the American Heart Association, cardiovascular diseases are the leading cause of death globally, accounting for approximately 17.9 million deaths each year. Atherectomy devices offer a minimally invasive alternative to traditional surgical procedures, reducing the risk of complications and improving patient outcomes.

Another driver for market growth is the technological advancements in atherectomy devices. Manufacturers are continuously innovating to develop devices with improved safety, efficacy, and ease of use. For example, the development of laser atherectomy devices and rotational atherectomy devices has enhanced the precision and effectiveness of plaque removal, reducing the need for additional procedures.

However, there are certain restraints that may hinder the growth of the atherectomy devices market. One of the major challenges is the high cost associated with these devices and procedures. The initial investment, as well as the ongoing maintenance and disposable costs, can be significant for healthcare facilities. This may limit the adoption of atherectomy devices, particularly in resource-constrained settings.

To provide some statistics, according to a report by the Centers for Disease Control and Prevention (CDC), PAD affects approximately 8.5 million people in the United States, and the prevalence is expected to increase due to factors such as aging population and rising incidence of diabetes and obesity. The report highlights the importance of early detection and treatment of PAD to prevent complications such as amputations and strokes.

In terms of recent product launches, here are a few examples:

In February 2023, Philips launched the Visions PV Atherectomy System, a rotational atherectomy device designed for the treatment of PAD. The device offers precise plaque removal and real-time feedback, enhancing the safety and efficacy of the procedure.
In March 2023, Cardiovascular Systems, Inc. introduced the Diamondback 360 Coronary Orbital Atherectomy System, a device used to treat calcified coronary lesions. The device utilizes an orbital mechanism to remove plaque buildup, reducing the need for additional procedures.
The study on the Global Atherectomy Devices Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Atherectomy Devices market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Atherectomy Devices industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Atherectomy Devices industry.

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Competitive Outlook: The leading companies operating in the Atherectomy Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Atherectomy Devices Market and Profiled in the Report are:

Abbott, Boston Scientific Corporation, Medtronic, BD, Koninklijke Philips N.V,  Avinger, REX MEDICAL, AngioDynamics, Biomerics, Wainscot Media 

Objectives of the Report:

Study of the global Atherectomy Devices market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Atherectomy Devices market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Atherectomy Devices market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Atherectomy Devices market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

Product Outlook (Revenue, USD Million; 2019–2032)
Directional Atherectomy Devices
Orbital Atherectomy Devices
Photo-Ablative Atherectomy Devices
Rotational Atherectomy Devices
Support Devices
Application Outlook (Revenue, USD Million; 2019–2032)
Peripheral Vascular
Cardiovascular
Neurovascular
End-Use Outlook (Revenue, USD Million; 2019–2032)
Hospitals and Surgical Centers
Ambulatory Care Centers
Other
Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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