Global Atherectomy Devices Market Size By Product (Directional Atherectomy Systems, Orbital Atherectomy Systems, Photo-Ablative (Laser) Atherectomy Systems), By Application (Peripheral Vascular, Cardiovascular, Neurovascular), By End-User (Hospitals & Surgical Centers, Research Laboratories & Academic Institutes, Ambulatory Care Centers), By Geographic Scope And Forecast

Atherectomy Devices Market Size And Forecast

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Atherectomy Devices Market size was valued at USD 1.37 Billion in 2021 and is likely to reach USD 2.35 Billion by 2030, growing at a CAGR of 6.25% from 2023 to 2030.

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The increasing demand for minimally invasive technologies, as well as an increase in peripheral and coronary arterial diseases, are projected to boost the market in the coming years. In addition, rising healthcare costs and increased research activity in the field of atherectomy are likely to drive the market in the future years. Furthermore, the rising desire for atherectomy surgical treatments among patients and healthcare professionals is boosting the market’s prospects. These devices reduce the risk of infection, cause minimal pain and trauma during surgery, and aid in the patient’s recovery. The Global Atherectomy Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Atherectomy Devices Market Definition

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Atherectomy instruments are used to remove plaque and thrombus from damaged arteries. Atherectomy devices are used to treat both coronary and peripheral artery disease, which are unsuccessful. These plaques can be sliced, sanded, shave, or vaporized using atherectomy instruments.

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Atherectomy devices are classified into four kinds. Atherectomy techniques include rotational atherectomy, directional atherectomy, orbital atherectomy, and laser atherectomy. A cutting tip in rotational atherectomy spins at high speed, grinding the plaque into powder. A cutting tip on directional atherectomy catheters shaves plaque from blood arteries. It is exclusively utilized in peripheral blood vessels. The catheter tip contains a device that produces a high-energy laser, vaporizing the plaque material during laser atherectomy.

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Although orbital atherectomy employs a high-speed rotary device similar to rotational atherectomy, it uses a different tip. Atherectomy devices are categorized according to their product, such as Orbital Atherectomy Systems, Directional Atherectomy Systems, Rotational Atherectomy Systems, and Photo-Ablative (Laser) Atherectomy Systems.

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Global Atherectomy Devices Market Overview

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The increased occurrence of orthopedic illnesses such as bone tumors and osteomyelitis is driving market expansion. The most prevalent application of atherectomy devices is to treat persistent osteomyelitis. The increase in sports injuries and other types of trauma, bone fractures, and bone lesions is projected to fuel market expansion in the future. The increasing prevalence of coronary artery disease (CAD) and peripheral artery disease (PAD) is likely to drive the Atherectomy Devices market. Atherectomy devices play a significant role in the diagnosis and treatment of peripheral artery disease (PAD).

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When compared to traditional therapies, the devices provide various advantages, including a lower risk of problems and a higher degree of comfort during surgery. The rapidly increasing usage of Laser Atherectomy Devices is expected to fuel market growth. When compared to mechanical systems, these systems provide various advantages, including more versatility, increased efficiency, and the removal of the requirement for embolic protective devices.

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Furthermore, laser-embedded atherectomy devices can remove thrombi, dissolve procoagulant reactants, and debulk the underlying plaque without causing damage to the surrounding tissue. As a result, the increased use of laser atherectomy devices is projected to boost the market in the coming years. The growing emphasis on technology developments is expected to boost the market in the coming years.

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In addition, substantial research supporting the fast expansion of medical infrastructure is likely to boost market growth throughout the forecast period. People in underdeveloped nations have limited knowledge of the ease with which disease diagnostics and treatments are available, which is predicted to limit market growth in the coming years. Furthermore, a shortage of trained surgeons is projected to constrain market growth during the forecasted period.

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Global Atherectomy Devices Market Segmentation Analysis

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The Global Atherectomy Devices Market is segmented on the basis of Product, Application, End-User, And Geography.

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Atherectomy Devices Market, By Product

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• Directional Atherectomy Systems

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• Orbital Atherectomy Systems

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• Photo-Ablative (Laser) Atherectomy Systems

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• Rotational Atherectomy Systems

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Based on the Product, the market is bifurcated into Directional Atherectomy Systems, Orbital Atherectomy Systems, Photo-Ablative (Laser) Atherectomy Systems, and Rotational Atherectomy Systems. Currently, the Directional Atherectomy Systems segment holds the highest market share and is likely to maintain its market leadership during the forecasted period. The factors may be linked to its capacity to debulk plaque, availability in various sizes, and its early launch and market penetration.

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Atherectomy Devices Market, By Application

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• Neurovascular

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• Cardiovascular

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• Peripheral Vascular

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Based on the Application, the market is bifurcated into Neurovascular, Cardiovascular, and Peripheral Vascular. Currently, the Peripheral Vascular segment holds the highest market share and is likely to maintain its market leadership during the forecasted period because medical reimbursements for peripheral atherectomy treatments are available in developed countries and there is clinical data to support the therapeutic effectiveness of atherectomy in PVD therapy.

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Atherectomy Devices Market, By End-User

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• Research Laboratories & Academic Institutes

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• Hospitals & Surgical Centers

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• Ambulatory Care Centers

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• Others

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Based on End-User, the market is bifurcated into Hospitals & Surgical Centers, Research Laboratories & Academic Institutes, Ambulatory Care Centers, and Others. Hospitals & Surgical Centers are anticipated to hold the largest market share. The factors can be credited for the availability of healthcare reimbursements in the major countries and the adoption of atherectomy for peripheral vascular & cardiac disease treatment.

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Atherectomy Devices Market, By Geography

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• Europe

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• Asia Pacific

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• North America

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• Latin America

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• Middle East & Africa

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On the basis of Regional Analysis, the Global Atherectomy Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. the North American region currently holds the highest market share in the Global Atherectomy Devices Market and is likely to maintain its market lead during the forecasted period. This is primarily due to factors such as increased research funding and greater medical professional knowledge of high-end atherectomy devices.

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Furthermore, different activities by governmental and private organizations are expected to support market growth. The APAC region is likely to show strong market growth during the forecasted period. This is due to technical improvements that have resulted in the creation of cost-effective atherectomy devices, which have resulted in a high adoption rate for the devices throughout the Asia-Pacific region.

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Key Players

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The “Global Atherectomy Devices Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Boston Scientific Corporation, Abbott Laboratories, Cardiovascular Systems Inc., BARD Peripheral Vascular, Medtronic, Straub Medical AG, Cardinal Health, and Volcano Corporation.

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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Key Developments

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Product Launches and Product Expansions

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• March 2020, Straub Medical LLC, the United States direct-sales subsidiary of Switzerland-based Straub Medical AG, announced the launch and first intervention performed in the United States with the Rotarex S atherectomy device for treating occlusive peripheral vascular disease in both upper and lower extremity arteries. Straub Medical has been marketing the Rotarex S device outside of the United States for more than two decades.

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• In January 2017, Medtronic plc received CE mark approval for its HawkOne directional atherectomy system. The new HawkOne 6 French (6F) system for treating patients with PAD provides easy to use treatment option with a single device.

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• January 2021, Boston Scientific has announced a limited market release of the WaveWriter Alpha portfolio of Spinal Cord Stimulator (SCS) systems. The unified portfolio of four MRI conditional, Bluetooth-enabled rechargeable and non-rechargeable implantable pulse generators (IPGs) provides uncompromised personalization, and for the first time in SCS, Fast Acting Sub-perception Therapy (FAST) designed to deliver profound paresthesia-free pain relief in minutes. The systems are supported by the Cognita Solutions suite of digital tools for patients and physicians.

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• May 2021, the atherectomy devices market will witness a considerable footprint with the expansion of the target population and the higher prevalence of diseases, including hypertension, diabetes, obesity, and atherosclerosis. The surge in patients undergoing atrial plaque with the help of angioplasty, and surgical interventions, has led to the jump in the number of hospitalizations.

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Report Scope

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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• Provides insight into the market through Value Chain
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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