Rapid Growth Projected for Coronary Atherectomy Devices Market Driven by Cardiovascular Disease Surge

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The coronary atherectomy devices market has experienced rapid growth, escalating from $0.2 billion in 2023 to $0.22 billion in 2024, boasting a noteworthy compound annual growth rate (CAGR) of 10.2%. Projections indicate sustained robust growth, with the market expected to reach $0.31 billion by 2028, maintaining a CAGR of 9.2%. Key drivers influencing this upward trajectory are outlined below.

Surge In Cardiovascular Diseases Ignites Demand For Atherectomy Devices
The burgeoning prevalence of cardiovascular diseases (CVDs) has fueled an increased demand for atherectomy devices designed for CVD treatment. Factors contributing to the heightened prevalence of cardiovascular diseases include smoking, physical inactivity, and an unhealthy diet. According to the Center for Disease Control and Prevention, the number of deaths attributed to cardiovascular diseases reached 695,547 in 2021. Additionally, the American College of Cardiology predicts a 30.7% increase in risk factors for ischemic heart disease, reaching 29 million by 2025. This escalation in cardiovascular diseases is anticipated to be a primary driver propelling the growth of the global coronary atherectomy devices market.

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Strategic Collaborations Drive Expansion In Coronary Atherectomy Equipment Market

Major manufacturers in the coronary atherectomy equipment market are strategically engaging in partnerships and collaborations with start-ups and mid-sized companies to diversify their products and services. A notable example is the acquisition of peripheral support catheters from Wavepoint Medical LLC by Cardiovascular Systems, Inc. in 2021. This strategic move exemplifies the commitment of major market players to enhance their product offerings and broaden their market presence.

Introduction Of Peripheral Orbital Atherectomy Systems Enhances Effectiveness
Market leaders in the coronary atherectomy devices market are intensifying their focus on innovation by introducing advanced devices, such as orbital atherectomy systems, to gain a competitive advantage. The peripheral orbital atherectomy system, designed for treating calcified plaque in coronary and peripheral arteries, exhibits a unique mechanism of action. Cardiovascular Systems, Inc. launched the Peripheral Orbital Atherectomy Systems 2.00 Max Crown in October 2022, featuring a larger 70-micron diamond-coated crown for improved engagement in mixed plaque, resulting in more effective outcomes.

Regional Dynamics and Market Segmentation

North America emerged as the largest region in the coronary atherectomy devices market in 2023, with projections indicating it will be the fastest-growing region during the forecast period. The comprehensive market report encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Segmentation:

By Product: Directional Atherectomy Devices, Orbital Atherectomy Devices, Photo-Ablative Atherectomy Devices, Rotational Atherectomy Devices, Other
Products
By Application: Peripheral Vascular, Cardiovascular, Neurovascular
By End User: Hospitals & Surgical Centers, Ambulatory Care Centers, Research Laboratories & Academic Institutes

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Coronary Atherectomy Devices Global Market Report 2024 from TBRC covers the following information:

Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Coronary Atherectomy Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on coronary atherectomy devices market size, coronary atherectomy devices market drivers and trends, coronary atherectomy devices market major players, competitors' revenues, coronary atherectomy devices market positioning, and coronary atherectomy devices market growth across geographies. The coronary atherectomy devices market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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