USD 890.30 million
Atherectomy Devices Market Size, Share, Growth Analysis, By Product (Directional Atherectomy Devices, Orbital Atherectomy Devices), By Application (Peripheral Vascular, Cardiovascular,), By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2953 |
Region:
Global |
Published Date: November, 2024
Pages:
186
|Tables:
64
|Figures:
64
Atherectomy Devices Market Insights
Atherectomy Devices Market size was valued at USD 962.41 Million in 2023 and is poised to grow from USD 1040.37 Million in 2024 to USD 1939.96 Million by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
Surging prevalence of cardiovascular disorders around the world is projected to primarily augment the sales of atherectomy devices going forward. Rapidly increasing geriatric population, poor lifestyle choices, and unhealthy eating habits are contributing to the high incidence of cardiovascular disorders thereby favoring the demand for atherectomy devices as well. Rising popularity of minimally invasive devices and procedures around the world is also expected to create new opportunities for atherectomy devices providers in the future. Moreover, high investments in medical R&D are also predicted to result in advancements in atherectomy device technologies, which in turn offers new opportunities for atherectomy devices providers. On the contrary, high costs of atherectomy procedures and devices, risk of complications, and availability of alternatives are estimated to impede atherectomy devices market growth potential in the long run.
Market snapshot - 2024–2031
Global Market Size
Largest Segment
Hospitals & Clinics
Fastest Growth
Cardiovascular
Growth Rate
8.1%
Global Atherectomy Devices Market ($ Bn)
Country Share for North America Region (%)
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Atherectomy Devices Market Segmental Analysis
Global Atherectomy Devices Market is segmented by Product, Application, End User and region. Based on Product, the market is segmented into Directional Atherectomy Devices, Orbital Atherectomy Devices, Photo-Ablative Atherectomy Devices, Rotational Atherectomy Devices, Support Devices, and Others. Based on Application, the market is segmented into Peripheral Vascular, Cardiovascular, and Neurovascular. Based on End User, the market is segmented into Hospitals & Clinics, Ambulatory Care Centers, Research Laboratories & Academic Institutes, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
The rotational atherectomy devices segment is projected to spearhead revenue generation over the coming years. High efficacy of rotational atherectomy devices in treating different types of cardiovascular disorders is projected to help this segment maintain its high market share. Use of rotational atherectomy devices is also quite affordable as compared to other types of devices, which in turn, is helping this segment hold its dominant stance whilst providing effective treatment for coronary artery disease, peripheral artery disease, carotid artery disease and other heart conditions.
The demand for laser atherectomy devices is estimated to rise at the fastest CAGR across the study period. Advancements in laser atherectomy technologies and growing awareness regarding its benefits are projected to help promote sales of laser atherectomy devices in the future. High efficacy and safety associated with the use of laser atherectomy devices is also a key factor that will create new opportunities for atherectomy devices market players in the long run. Surging demand for minimally invasive procedures around the world will also help this segment create new business scope and drive market growth.
Analysis by End User
Hospitals are predicted to account for a major chunk of global atherectomy devices demand outlook in the future. Growing number of cardiovascular treatment procedures being performed in hospitals and increasing availability of atherectomy devices in hospitals are helping the dominance of this segment. Rising investments in healthcare infrastructure development around the world will also create new opportunities for atherectomy devices companies in this segment.
Meanwhile, the demand for atherectomy devices in ambulatory surgical centers is projected to surge at an impressive pace across the forecast period and beyond. Growing demand for emergency medical services and increasing emphasis on improving outpatient care are projected to boost sales of atherectomy devices in this segment going forward.
Global Atherectomy Devices Market By End User
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Atherectomy Devices Market Regional Insights
North America is projected to account for a dominant share of the global atherectomy devices market. High incidence of multiple cardiovascular disorders and growing number of atherectomy procedures in this region allow it to hold a dominant stance. Rapidly increasing geriatric population, rising popularity of minimally invasive surgeries, and approvals of novel atherectomy devices are also expected to contribute to this region's dominance. The United States is projected to spearhead sales of atherectomy devices in the North American region followed by Canada. High healthcare expenditure in this region will also favor atherectomy device sales.
Adoption of poor lifestyles and eating habits has led to an increased incidence of cardiovascular disorders in the Asia Pacific region making it the fastest-growing market for atherectomy device providers. Growing awareness regarding cardiovascular disorders and the rising availability of novel treatments for the same are projected to create new business scope for atherectomy device companies. India, China, and Japan are slated to be the most opportune markets for atherectomy device providers owing to growing senescent population in these countries.
Global Atherectomy Devices Market By Region
- Largest
- Fastest
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Atherectomy Devices Market Dynamics
Drivers
Increasing Senescent Population
- An aging population is more at risk of suffering from cardiovascular complications such as arterial blockages. Atherectomy devices are crucial in helping treat these disorders and growing preference for minimally invasive atherectomy procedures among geriatric people will also bolster atherectomy devices market growth in the future.
High Incidence of Cardiovascular Disorders
- People around the world are opting for sedentary lifestyles and poor eating habits, which has culminated in poor health and thereby putting them at high risk of developing cardiovascular disorders. This surge in prevalence of cardiovascular disorders is projected to promote the demand for atherectomy devices in the future.
Restraints
Risks and Complications in Procedures
- The risk of complications is omnipresent in atherectomy procedures as there are many variables involved and ensuring each is handled properly is not realistically possible. Hence, this risk of complication is projected to slow down sales of atherectomy devices in the future.
High Costs of Atherectomy Procedures
- Atherectomy procedures often involve the use of advanced devices and technologies along with expert medical professionals to handle the same. All of these factors add up to the atherectomy procedure treatment costs and limit the affordability, thereby impeding atherectomy devices market growth potential as well.
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Atherectomy Devices Market Competitive Landscape
Developing affordable and advanced atherectomy devices will be the prime focus of new as well as established companies in the future. Atherectomy devices providers can also maximize their business scope by riding the wave of minimally invasive surgery popularity going forward. Investing in research and development will be an unmissable strategy for all atherectomy devices companies working in this market. Emerging countries will provide attractive growth opportunities for atherectomy devices suppliers in the long run.
Top Player’s Company Profiles
- Medtronic Plc (Ireland)
- Boston Scientific Corporation (USA)
- Cardiovascular Systems, Inc. (USA)
- Royal Philips (Netherlands)
- Avinger, Inc. (USA)
- Terumo Corporation (Japan)
- AngioDynamics, Inc. (USA)
- Braun Group (Germany)
- Abbott Laboratories (USA)
- B. Braun Melsungen AG (Germany)
- Biotronik SE & Co. KG (Germany)
- Biomerics (USA)
- Philips (Netherlands)
- Cook Medical, Inc. (USA)
- Cardinal Health, Inc. (USA)
- Rex Medical, L.P. (USA)
- W. L. Gore & Associates, Inc. (USA)
- Minnetronix, Inc. (USA)
- Merit Medical Systems, Inc. (USA)
- NexStep Medical (USA)
Recent Developments
- In August 2024, Pantheris LV image-guided directional atherectomy system was launched by Avinger Inc. The newly launched offering by Avinger is the only image-guided athrectomy device available for the treatment of peripheral artery disease (PAD).
- In January 2024, AngioDynamics, Inc. announced that Auryon XL radial access catheter has gained 510(k) clearance for use with Auryon atherectomy system to treat peripheral artery disease. The approval helped AngioDynamics strengthen its stance in the global athrectomy devices market.
- In August 2021, the United States Food and Drug Administration announced the approval for an updated HawkOne Directional Atherectomy System, which paved the way for Medtronic to extend its dominance in the global athrectomy devices market.
Atherectomy Devices Key Market Trends
- Integration of Advanced Technologies: Atherectomy device manufacturers should focus on integrating advanced technologies such as artificial intelligence and machine learning to improve the capabilities of their offerings. Companies can deploy these advanced technologies in their development as well as deployment to maximize business scope in the future.
- Use in Outpatient Facilities: Atherectomy devices companies should focus on developing products designed for outpatient use in establishments such as ambulatory surgical centers. Growing demand for immediate care for certain cardiovascular disorders is projected to create new opportunities for atherectomy device providers in the outpatient segment going forward.
Atherectomy Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing geriatric population and high incidence of cardiovascular disorders around the world are projected to primarily augment the demand for atherectomy devices over the coming years. On the contrary, high costs of atherectomy procedures and risk of complications are estimated to impede atherectomy devices market development potential going forward. North America is estimated to spearhead atherectomy device sales globally due to a developed healthcare infrastructure in this region. Integration of artificial intelligence and use in outpatient facilities will create new business scope for atherectomy device companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 890.30 million |
| Market size value in 2031 | USD 1794.60 million |
| Growth Rate | 8.1% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Atherectomy Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Atherectomy Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Atherectomy Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atherectomy Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atherectomy Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atherectomy Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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