Atherectomy Devices Market Trends, Growth Drivers, and Key Players | DataM Intelligence

Atherectomy Devices Industry Overview
Atherectomy Devices market is expected to grow at a CAGR of 6.3% during the forecast period (2024-2031).

Atherectomy is a minimally invasive endovascular procedure generally performed to remove atherosclerosis from blood vessels in the body. It is generally used to treat arteries.

It can be used in veins and vascular bypass grafts as well. Atherectomy is also known as the Roto-rooter procedure as it cleans out the drainage pipes of the body. This procedure is performed in an outpatient setting, generally in the catheterization by a trained vascular surgeon or interventional radiologist.

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Industry Trends

The rising preference for minimally invasive surgeries drives the market growth

The market for atherectomy devices is majorly driven by the rising preference for minimally invasive surgeries. In minimally invasive surgery, doctors use a variety of methods to operate with minimal damage to the body, as opposed to the traditional open surgery method. Generally, minimally invasive surgery is associated with less pain, a shorter hospital stay, and fewer complications. Atherectomy is a minimally invasive procedure generally used to treat arteries. The demand for this surgery is increasing at a very high rate due to several factors that include less pain, shorter hospital stay, less scarring, less tissue injury, and a higher accuracy rate. Additionally, other factors such as continuous product development and commercialization, favorable medical reimbursement scenarios in mature markets, and strengthening distribution channels of major product manufacturers are expected to aid the growth of the atherectomy devices market.

The strategic competitiveness between companies is driving the global atherectomy devices market. For instance, in July 2018, Cardiovascular Systems, Inc. has signed an exclusive international distribution agreement with OrbusNeich to sell its coronary and peripheral Orbital Atherectomy Systems (OAS) outside the United States and Japan. Also, in September 2018, Cardiovascular Systems, Inc., a medical device company, have introduced Stealth 360 Peripheral Orbital Atherectomy System (OAS) in Hong Kong. Moreover, the company also have received an FDA-cleared extended length Diamondback 360 Peripheral Orbital Atherectomy Device (OAD) to treat peripheral artery disease (PAD) in February 2018.

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Industry Segmentation

By Product
Directional Atherectomy Systems
Orbital Atherectomy Systems
Photo-Ablative (Laser) Atherectomy Systems
Rotational Atherectomy Systems

By Application
Peripheral
Cardiovascular
Neurovascular

By End User
Hospitals
Surgical Centers
ASCs
Research Laboratories
Academic Institutes

Industry Key Players
Major players are Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, C.R. Bard (Becton, Dickinson, and Company), Cardinal Health Inc., Koninklijke Philips NV, Medtronic, RA Medical Systems, Straub Medical, Terumo Corporation, Cardiovascular Systems Inc., Minnetronix Inc., Avinger Inc., Biomerics LLC and AngioDynamics Inc.

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