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The global atherectomy devices market was valued at USD 846.84 million in 2023, driven by the increasing health consciousness among consumers across the globe. The market size is anticipated to grow at a CAGR of 10.4% during the forecast period of 2024-2032 to achieve a value of USD 2,059.74 million by 2032.
Atherectomy devices are used to perform atherectomy which is a process of removing atherosclerotic plaque from effected arteries. Atherectomy is effective when it comes to treating both coronary and arterial disease. Atherectomy devices are designed in a way that they could be used to cut, shave, vaporize, or sand the plaques that are present in the arteries.
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Atherectomy is a minimally invasive process by which atherosclerosis is being removed from blood vessels. It is quite effective process and also an alternate to angioplasty which is effectively used to treat peripheral artery disease. Atherectomy could be an alternate to angioplasty but there are no studies that says which one is superior out of both the process. Atherectomy is generally performed in such cases where arteries are encountered to be narrowing down due to the accumulation of atherosclerosis which is caused by peripheral artery disease and coronary artery disease.
Atherectomy devices are used to cut the plaque out of the walls of artery unlike angioplasty or stents that push the plaque into the wall of vessel. Atherectomy can be used to treat arteries generally, but they could also be used to treat veins and vascular bypass grafts.
There are several key trends running in the global atherectomy devices market and some of them includes escalating technological advancements due to which new devices are developing, which would be much more efficient with the capabilities in comparison with current devices that are available in the market. Increased precision would be the major advantage of these newly introducing atherectomy devices. Due to it being a minimally invasive procedure it has already been gaining popularity as people today are getting more aware and interested in minimally invasive procedures rather than choosing traditional procedures. Shorter recovery time and smaller incisions are the prime reason due to which minimally invasive procedures are in trend in this market.
Rising prevalence of cardiovascular disease as peripheral and coronary artery disease due to which plaque gets accumulated in the blood vessels results in the blood flow blockage in the blood vessel. Rising geriatric population which is prone of getting these cardiovascular diseases is also expected to contribute to the growth in the market size of atherectomy devices.
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Market Breakup by Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
The market for atherectomy devices is witnessing gradual growth and is expected to continue growing in coming years as well. These atherectomy devices are used to remove plaque accumulation from blood vessels that has been accumulated on the walls.
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The atherectomy devices are in high demand in the market and this demand is driven by several factors such as rising awareness among people about minimally invasive procedures. Additionally, increasing incidence of cardiovascular diseases among geriatric population that has been growing lately and use of advancing technologies in the development of new atherectomy devices has also been major drivers for the market.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Atherectomy Devices Market Overview
3.1 Global Atherectomy Devices Market Historical Value (2017-2023)
3.2 Global Atherectomy Devices Market Forecast Value (2024-2032)
4 Global Atherectomy Devices Market Landscape
4.1 Atherectomy Devices: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Atherectomy Devices: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Technology
5 Global Atherectomy Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Atherectomy Devices Market Segmentation
6.1 Global Atherectomy Devices Market by Type
6.1.1 Market Overview
6.1.2 Directional Atherectomy Systems
6.1.3 Orbital Atherectomy Systems
6.1.4 Photo-ablative (Laser) Atherectomy Systems
6.1.5 Rotational Atherectomy Systems
6.2 Global Atherectomy Devices Market by Application
6.2.1 Market Overview
6.2.2 Peripheral Vascular Applications
6.2.3 Cardiovascular Applications
6.2.4 Neurovascular Applications
6.3 Global Atherectomy Devices Market by End User
6.3.1 Market Overview
6.3.2 Hospitals and Surgical Centers
6.3.3 Ambulatory Care Centers
6.3.4 Other End Users
6.4 Global Atherectomy Devices Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Atherectomy Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Atherectomy Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Atherectomy Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Atherectomy Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Atherectomy Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 Abbott Laboratories
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Boston Scientific Corporation
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 BD
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Cardinal Health Inc.
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Koninklijke Philips NV
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Medtronic Plc
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Terumo Corporation
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 Avinger
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 Cardiovascular Systems
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Ra Medical Systems
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
19 Atherectomy Devices - Distribution Model (Additional Insight)
19.1 Overview
19.2 Potential Distributors
19.3 Key Parameters for Distribution Partner Assessment
20 Key Opinion Leaders (KOL) Insights (Additional Insight)
21 Company Competitiveness Analysis (Additional Insight)
21.1 Very Small Companies
21.2 Small Companies
21.3 Mid-Sized Companies
21.4 Large Companies
21.5 Very Large Companies
22 Payment Methods (Additional Insight)
22.1 Government Funded
22.2 Private Insurance
22.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
The atherectomy devices market attained a value of about USD 846.84 million in 2023.
The atherectomy devices market size is anticipated to grow at a CAGR of 10.4% during the forecast period of 2024-2032 and reach a market value of USD 2,059.74 million by 2032.
The rising healthcare infrastructure and the increasing awareness about health among consumers is a key trend driving the growth of the market.
The different types of atherectomy devices in the market includes directional atherectomy systems, orbital atherectomy systems, photo-ablative (laser) atherectomy systems, rotational atherectomy systems.
The device finds wide applications in peripheral vascular, cardiovascular, and neurovascular applications.
The market segment for end user includes hospitals and surgical centres, ambulatory care centres, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Key players involved in the market include Abbott Laboratories, Boston Scientific Corporation, BD, Cardinal Health Inc., Koninklijke Philips NV, Medtronic Plc, Terumo Corporation, Avinger, Cardiovascular Systems, and Ra Medical Systems.
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