Us Atherectomy Devices Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Atherectomy Devices Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Atherectomy Devices Market is gaining significant traction, primarily driven by the growing prevalence of cardiovascular diseases and an aging population. These devices are used in procedures to remove atherosclerotic plaque from arteries, aiding in the restoration of blood flow and reducing the risk of complications such as heart attacks and strokes. As the demand for minimally invasive procedures increases, atherectomy devices are becoming an essential tool in interventional cardiology.
The market for atherectomy devices is expected to grow steadily over the coming years. In 2023, the US market was valued at over $700 million, with predictions pointing to a compound annual growth rate (CAGR) of approximately 8% through 2030. This growth can be attributed to several key factors, including advancements in medical technology, an increasing number of patients undergoing catheter-based procedures, and improved healthcare access in the country.
One of the primary drivers of this market is the rise in cardiovascular diseases, which remain the leading cause of death in the United States. As a result, medical professionals are increasingly turning to atherectomy devices as a means of offering patients a less invasive alternative to traditional surgical procedures. Atherectomy allows for more precise plaque removal, helping to reduce the risk of restenosis (re-narrowing of the arteries) and the need for additional interventions.
Another key factor fueling the market is the continuous technological improvements in atherectomy devices. Innovations such as rotational, orbital, and laser atherectomy devices have allowed physicians to treat a broader range of arterial blockages with greater precision. Moreover, the ability to use these devices in conjunction with other tools like stents and balloons further enhances their effectiveness and patient outcomes.
Furthermore, the increasing preference for outpatient procedures and shorter recovery times associated with atherectomy are pushing more patients toward these treatments. The US Atherectomy Devices Market is also witnessing an uptick in the use of these devices in the treatment of peripheral artery disease (PAD), which is contributing to the market’s growth.
In addition to these technological advancements, healthcare providers are increasingly focused on improving patient outcomes, which has led to more rigorous clinical trials and studies to establish the efficacy of atherectomy devices. As a result, the number of FDA-approved devices is on the rise, further driving the expansion of the market.
With rising awareness of cardiovascular diseases and technological advancements in the medical field, the US Atherectomy Devices Market is poised for continued growth, with significant opportunities for industry players to capitalize on this expanding demand.
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Boston Scientific Corp.
Cardiovascular Systems Inc.
Medtronic Plc
Spectranetics Corp.
Avinger Inc.
Royal Philips NV
Terumo Corp.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Atherectomy Devices Market
Directional Atherectomy Devices
Rotational Atherectomy Devices
Thermal Atherectomy Devices
Laser Atherectomy Devices
AngioJet Atherectomy Devices
Coronary Applications
Peripheral Applications
Cerebral Applications
Pediatric Applications
Hospitals
Cardiovascular Clinics
Ambulatory Surgical Centers (ASCs)
Research Institutions
Balloon-assisted Atherectomy
Mechanical Atherectomy
Wireless Atherectomy
Hybrid Atherectomy Systems
Invasive Procedures
Minimally Invasive Procedures
Outpatient Procedures
Open Procedures
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Atherectomy Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Atherectomy Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Atherectomy Devices Market, By Type
6. Global Atherectomy Devices Market, By Application
7. Global Atherectomy Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Atherectomy Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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