Atherectomy Devices Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028, Segmented By Product (Directional, Rotational, Laser, Orbital), By Application (Peripheral, Cardiovascular, Neurovascular), By End User (Hospitals & Surgical Centres, Ambulatory Care Centres, Others), By Company, By Region and Competition

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

Global atherectomy devices market is expected to grow at a significant rate for the forecast period. Growth in the target patient population and developing healthcare infrastructure are the two significant contributing factors leading to surge in the market growth for the next five years.

Atherectomy is a minimally invasive procedure that is used to remove plaque buildup in arteries, which is a major cause of heart disease and stroke. Atherectomy devices are used to cut, shave, or vaporize the plaque from the walls of the arteries, allowing for improved blood flow. Atherectomy procedure is used for treatment of coronary or peripheral artery diseases. Atherectomy devices does not require foreign body inside the arteries such as stent and can remove the obstructing atherosclerotic or intimal hyperplastic lesions present in the body. If there is need for further surgical procedures after atherectomy is over, it can be done at the same site with minimal complications and ensuring lower discomfort to the patients. Rise in demand for minimally invasive treatment procedures and treatment due to its associated benefits such as faster recovery, reduced scares due to incision cuts and shorter hospital stays is fueling the demand for atherectomy devices market.

The global atherectomy devices market is witnessing significant growth owing to the increasing prevalence of cardiovascular diseases and technological advancements in atherectomy devices. The market is expected to continue to grow during the forecast period, with the rotational atherectomy devices segment accounting for the largest share of the market. Additionally, the key players in the market are focusing on product innovation and strategic collaborations to strengthen their market positions and expand their product portfolios. These factors are expected to propel the growth of Global Atherectomy Devices Market.

Growing Prevalence of Cardiovascular Disorders

The global prevalence of cardiovascular diseases is on the rise, owing to factors such as sedentary lifestyles, unhealthy diets, and rising levels of stress. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, accounting for an estimated 17.9 million deaths each year. Atherectomy devices are increasingly being used to treat cardiovascular diseases, which is driving the growth of the global atherectomy devices market. The prevalence of cardiovascular diseases, minimal invasive surgeries, trauma, and injuries either caused due to lack of physical inactivity, tobacco use and harmful use of alcohol. According to World Health Organization (WHO), Globally cardiovascular diseases (CVDs) are the leading cause of death taking for around 17.9 million lives each yearand for every age group of people is at risk of chronic diseases. The effect of risk factors observed in individuals in the form of fluctuating blood pressure, increase blood glucose, rise in blood lipids, overweight and obesity. These risks factors can be measured in primary care facilities and indicate an increased risk of heart attack, stroke, heart failure and other complications which is expected to propel the growth of global atherectomy devices market.

New Product Launch and Healthcare Development

The continuous development of healthcare infrastructure and introduction of supportive healthcare policies to widen the reach of healthcare facilities and increase its affordability is expected to bolster the atherectomy devices market growth. For instance, in march 2020, a company namely Straub Medical LLC has launched an atherectomy device called ‘Rotarex S’ used in the treatment of occlusive peripheral vascular disease. Secondly, in April 2019, Avinger, Inc. has taken approval by the U.S FDA to launch the device and is expected to hike the market share in recent years. The healthcare industry is witnessing dynamic activities in the form of new product approvals and increasing commercialization in various geographical locations. For instance, 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. The major market players are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments for propelling the growth of global atherectomy devices market.

One of the recent developments in the atherectomy devices market is the introduction of advanced technologies that offer better precision and control during procedures. For example, in 2021, Avinger, Inc., a medical device company, announced the launch of its next-generation Pantheris® SV atherectomy system. This system is designed to provide physicians with better visibility and control during procedures, resulting in improved clinical outcomes for patients.

Another key development in the market is the increasing adoption of laser atherectomy devices. Laser atherectomy devices use laser energy to vaporize plaque in the arteries, and they are becoming increasingly popular due to their precision and effectiveness. In 2021, Cardiovascular Systems, Inc. (CSI), a medical device company, announced the launch of its Diamondback 360® Coronary Orbital Atherectomy System (OAS) with Stealth 360® Technology, which uses a diamond-coated crown to remove plaque and a laser to vaporize any remaining plaque. This in turn, expected to drive the growth of the market. Moreover, the atherectomy devices market is also seeing increased investment and partnership activities. For instance, in 2021, Shockwave Medical, a medical device company, announced a partnership with Boston Scientific Corporation to develop and commercialize Shockwave's Intravascular Lithotripsy (IVL) technology. This technology uses sonic waves to break up calcium deposits in the arteries, making it easier to remove plaque with atherectomy devices.

Surge in the Usage of Atherectomy Devices

The atherectomy devices works on special procedure which is minimally invasive in nature and restores the requisite blood flow in the affected arteries. The increase in the prevalence of life-threatening diseases like heart diseases, coronary artery diseases, cancer, etc. are expected to drive the growth of the global atherectomy devices market. According to National Centre for Biotechnology Information, National Institute of Health, globally the prevalence for coronary artery disease (CAD) is around 5–8% and the prevalence for peripheral artery disease (PAD) is around 10–20% and According to American Heart Association, the death caused due to cardiovascular diseases accounts for around 874,613 deaths in the United States in 2019. Due to this growing prevalence, the awareness of diagnosis treatment of the peripheral coronary disease may surge for the usage of the atherectomy devices in the hospital sector.

Technological Advancements & Rising Demand for Minimally Invasive Procedures

Technological advancements in atherectomy devices are also driving the growth of the global market. Manufacturers are increasingly investing in research and development to develop more effective and efficient atherectomy devices. For instance, several new devices have been introduced in recent years that use laser technology to remove plaque from arteries. These devices offer several advantages over traditional atherectomy devices, such as reduced risk of complications and faster recovery times. Moreover, the demand for minimally invasive procedures is on the rise, owing to factors such as faster recovery times, reduced risk of complications, and lower healthcare costs. Atherectomy is a minimally invasive procedure, which is driving the demand for atherectomy devices. These devices offer several advantages over traditional surgical procedures, such as reduced pain and scarring. As these trends continue, the global atherectomy devices market is expected to continue to grow in the forecast years.


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Market Segmentation

Global atherectomy devices market is segmented into product, application, end user, regional distribution, and company. Based on product, the market is segmented into directional, rotational, laser, orbital. Based on application, the market is segmented into peripheral, cardiovascular, neurovascular. Based on end user, the market is segmented into hospitals & surgical centres, ambulatory care centres, and others.

Company Profiles

Braun Melsungen AG, Abbott Laboratories, Inc., Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic plc, Becton, Dickinson, and Company (C.R. Bard), Terumo Corporation, Cardinal Health Inc., AngioDynamics Inc., Avinger Inc.etc., are some of the key players operating in the global atherectomy devices market.

Report Scope:

In this report, global atherectomy devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Atherectomy Devices Market, By Product:
    • Directional
    • Rotational
    • Laser
    • Orbital

·         Global Atherectomy Devices Market, By Application:

    • Peripheral
    • Cardiovascular
    • Neurovascular
  • Global Atherectomy Devices Market, By End User:
    • Hospitals & Surgical Centres
    • Ambulatory Care Centres
    • Others
  • Global Atherectomy Devices Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan

o    South Korea

      • Australia
    • South America

§  Brazil

§  Argentina

§  Colombia

o    Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global atherectomy devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global atherectomy devices market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Atherectomy Devices Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product (Directional, Rotational, Laser, Orbital)

5.2.2.     By Application (Peripheral, Cardiovascular, Neurovascular)

5.2.3.     By End User (Hospitals & Surgical Centres, Ambulatory Care Centres, Others)

5.2.4.     By Company (2022)

5.2.5.     By Region

5.3.  Product Market Map

6.    North America Atherectomy Devices Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product

6.2.2.     By Application

6.2.3.     By End User

6.2.4.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Atherectomy Devices Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Product

6.3.1.2.2.             By Application

6.3.1.2.3.             By End User

6.3.2.     Mexico Atherectomy Devices Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Product

6.3.2.2.2.             By Application

6.3.2.2.3.             By End User

6.3.3.     Canada Atherectomy Devices Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Product

6.3.3.2.2.             By Application

6.3.3.2.3.             By End User

7.    Europe Atherectomy Devices Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By Application

7.2.3.     By End User

7.2.4.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Atherectomy Devices Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product

7.3.1.2.2.             By Application

7.3.1.2.3.             By End User

7.3.2.     Germany Atherectomy Devices Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product

7.3.2.2.2.             By Application

7.3.2.2.3.             By End User

7.3.3.     United Kingdom Atherectomy Devices Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product

7.3.3.2.2.             By Application

7.3.3.2.3.             By End User

7.3.4.     Italy Atherectomy Devices Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Product

7.3.4.2.2.             By Application

7.3.4.2.3.             By End User

7.3.5.     Spain Atherectomy Devices Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Product

7.3.5.2.2.             By Application

7.3.5.2.3.             By End User

8.    Asia-Pacific Atherectomy Devices Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Application

8.2.3.     By End User

8.2.4.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Atherectomy Devices Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product

8.3.1.2.2.             By Application

8.3.1.2.3.             By End User

8.3.2.     India Atherectomy Devices Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product

8.3.2.2.2.             By Application

8.3.2.2.3.             By End User

8.3.3.     Japan Atherectomy Devices Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product

8.3.3.2.2.             By Application

8.3.3.2.3.             By End User

8.3.4.     South Korea Atherectomy Devices Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product

8.3.4.2.2.             By Application

8.3.4.2.3.             By End User

8.3.5.     Australia Atherectomy Devices Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product

8.3.5.2.2.             By Application

8.3.5.2.3.             By End User 

9.    South America Atherectomy Devices Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By Application

9.2.3.     By End User

9.2.4.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Atherectomy Devices Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product

9.3.1.2.2.             By Application

9.3.1.2.3.             By End User

9.3.2.     Argentina Atherectomy Devices Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product

9.3.2.2.2.             By Application

9.3.2.2.3.             By End User

9.3.3.     Colombia Atherectomy Devices Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product

9.3.3.2.2.             By Application

9.3.3.2.3.             By End User

10.  Middle East and Africa Atherectomy Devices Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product

10.2.2.  By Application

10.2.3.  By End User

10.2.4.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Atherectomy Devices Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By Application

10.3.1.2.3.           By End User

10.3.2.  Saudi Arabia Atherectomy Devices Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By Application

10.3.2.2.3.           By End User

10.3.3.  UAE Atherectomy Devices Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By Application

10.3.3.2.3.           By End User

10.3.4.  Kuwait Atherectomy Devices Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Product

10.3.4.2.2.           By Application

10.3.4.2.3.           By End User

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              B. Braun Melsungen AG

13.2.              Abbott Laboratories, Inc.

13.3.              Koninklijke Philips N.V.

13.4.              Boston Scientific Corporation

13.5.              Medtronic plc

13.6.              Becton, Dickinson, and Company (C.R. Bard)

13.7.              Terumo Corporation

13.8.              Cardinal Health Inc.

13.9.              AngioDynamics Inc.

13.10.            Avinger Inc.

Strategic Recommendation

Figures and Tables

Frequently asked questions

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Factors like growth in the target patient population and developing healthcare infrastructure is driving the growth of the global atherectomy devices market in the forecast years, 2024-2028.

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Braun Melsungen AG, Abbott Laboratories, Inc., Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic plc, among others are leading the global atherectomy devices market in the forecast period, 2024-2028.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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The global atherectomy devices market analysis was analyzed for the five historical years from 2018 to 2021. Keeping the base year 2021 as the margin, the estimation for the year 2023 was made and further market growth is predicted for the forecast years, 2024 to 2028.

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Sakshi Bajaal

Business Consultant
Press Release

North America to dominate the Global Atherectomy Devices Market till 2026

Jun, 2021

Rise in demand for minimally invasive procedures and growing healthcare expenditure is expected to drive the global atherectomy devices market in the forecast period.

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