Atherectomy Systems Market Value to reach US$ 1.1 billion by 2031, as per TMR Report

The 𝐚𝐭𝐡𝐞𝐫𝐞𝐜𝐭𝐨𝐦𝐲 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲, valued at US$ 621.8 Mn in 2021, is forecasted to grow at a CAGR of 6.0% from 2022 to 2031, reaching over US$ 1.1 Bn by 2031. The growth is primarily driven by the increasing prevalence of peripheral and coronary artery diseases, which fuels the demand for atherectomy procedures. Atherectomy, a minimally invasive technique to remove plaque buildup from arteries, is vital for improving blood flow and reducing the risk of heart attacks or strokes.

Moreover, the rising incidence of cardiovascular diseases and growing awareness about effective atherectomy treatment are anticipated to further boost market expansion. Leading companies in the industry are investing in research and development (R&D) to introduce innovative diagnostic technologies, creating lucrative growth opportunities for industry players. Additionally, key market players are launching advanced medical devices to enhance their market share in the atherectomy systems segment.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Atherectomy systems are medical devices used to remove plaque buildup from the inner walls of arteries to improve blood flow. These systems use various techniques such as laser, ultrasound, or rotational ablation to remove plaque and improve blood flow to the heart, brain, and other vital organs.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐂𝐚𝐫𝐝𝐢𝐨𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬

The rapid increase in cardiovascular diseases drives growth in the atherectomy systems market. Cardiovascular diseases, including heart conditions, are a leading cause of global mortality due to factors like unhealthy lifestyles, sedentary jobs, and stress. According to WHO, cardiovascular diseases result in over 17 million deaths annually, comprising 31.0% of global deaths.

With the aging population and rising prevalence of chronic conditions like high blood pressure and obesity, the incidence of cardiovascular diseases is expected to continue rising, driving further development in the atherectomy systems market.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Abbott Laboratories, B. Braun SE, Boston Scientific Corporation, Becton, Dickinson and Company, Cardinal Health Inc, Koninklijke Philips N.V., Medtronic, RA Medical Systems, and Terumo Corporation.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Product Type

Directional Atherectomy Devices
Rotational Atherectomy Devices
Orbital Atherectomy Devices
Laser Atherectomy Devices
Image-guided Atherectomy Devices

Application

Cardiovascular Diseases
Peripheral Artery Diseases
Neurovascular Diseases

End-user

Hospitals
Specialty Clinics
Ambulatory Surgical Centers & Others

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐭𝐡𝐞𝐫𝐞𝐜𝐭𝐨𝐦𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬

In October 2022, Cardiovascular Systems, Inc., a major medical device company that develops innovative interventional treatment systems for patients with peripheral and coronary artery disease, launched 2.00 Max Crown for peripheral orbital atherectomy systems. This device is built on the tried-and-true Diamondback 360® orbital atherectomy platform.

In August 2022, AngioDynamics, Inc. announced that it received 510(k) clearance of an expanded indication for the Auryon Atherectomy System to incorporate arterial thrombectomy.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the atherectomy systems market include the development of next-generation devices with enhanced precision and safety features, strategic collaborations and partnerships among manufacturers, and a focus on expanding market presence in emerging economies.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The outlook for the atherectomy systems market remains promising, driven by ongoing research and development efforts, expanding indications for atherectomy procedures, and the growing acceptance of minimally invasive interventions in cardiovascular care.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Assessment of market dynamics, including drivers, challenges, and trends
Analysis of market segmentation by service type, sourcing type, application, industry vertical, and region
Evaluation of regional market dynamics and growth opportunities
Examination of key market players, their product offerings, and strategic initiatives

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐆𝐫𝐞𝐞𝐧𝐡𝐨𝐮𝐬𝐞 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/21/2612333/0/en/Greenhouse-Film-Market-to-Grow-at-a-CAGR-of-10-4-during-Forecast-Period-2021-2031-TMR-Study.html

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐲 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/02/21/2612417/0/en/Pharmacy-Automation-Devices-Market-to-Reach-US-15-Bn-by-2033-Transparency-Market-Research.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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