Plaque Modification Devices Market Growing Rapidly by - Medtronic, Abbott, Shockwave Medical Inc, Cardiovascular Systems Inc.

Plaque Modification Devices Market is expected to reach at a high CAGR of 8.2% during the forecast period (2024-2031).

Plaque modification devices are advanced medical tools designed to remove plaque and other substances that build up in the arteries. This plaque can obstruct or reduce blood flow, impacting the normal function of various organs, especially the heart. Persistent plaque deposits in the arteries can lead to cardiovascular diseases and other chronic conditions. These devices are used to clear these obstructions, restoring proper blood circulation and enhancing heart function.

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Market Dynamics:

The increase in prevalance of atherosclerosis, coronary & peripheral artery diseases in the market will drive the market growth

Atherosclerosis, characterized by plaque buildup inside the arteries, significantly reduces blood flow to the heart and other organs. This plaque, composed of excess fat, cholesterol, calcium, and other substances, can lead to severe health issues. According to a journal published by Omics International, atherosclerosis is responsible for 32% of all deaths and has a prevalence of 13.8% among adults. Research from the National Center for Biotechnology Information (NCBI) indicates that atherosclerosis accounted for 50% of deaths in the Western world in 2019.

In the United States, heart disease, largely due to plaque deposition, results in 610,000 deaths annually, with coronary heart disease causing about 370,000 deaths each year in Western countries. Additionally, plaque rupture is responsible for 75% of acute myocardial infarctions, which are more common in men over 45. The World Health Organization (WHO) reports that hypertension affects approximately 26% of the global population (nearly 1.13 billion people), with expectations for this figure to rise to 29% by 2025. Hypertension is a major risk factor for atherosclerosis, heart disease, and other related conditions, posing a significant public health challenge, especially in developing countries.

Segment Covered in the Plaque Modification Devices Market:

By Product Types: Atherectomy Devices, Thrombectomy Devices, Chronic Total Occlusion Devices, Embolic Protection Devices, Others.

By Application: Coronary Artery Devices, Peripheral Artery Devices, Neurovascular Devices.

By End-User: Hospitals , Ambulatory Surgical Centers, Others.

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Key players involved in Plaque Modification Devices Market:

• Medtronic.
• Abbott.
• Shockwave Medical Inc.
• Cardiovascular Systems Inc.
• AngioDynamics Inc.
• Avinger.
• REX MEDICAL.
• Ra Medical Systems.
• Koninklijke Philips N.V.
• Becton.
• Dickinson and Company.
• Penumbra Inc.
• Stryker.
• Microvention Inc.
• Johnson & Johnson.
• ARGON MEDICAL.
• Inari Medical.
• Niteloop.
• Soundbite Medical Solutions.
• Rontis Corporation.

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Product Portfolio: TurboHawk

The TurboHawk peripheral plaque excision system is engineered for atherectomy in the peripheral vasculature. It is specifically designed for use in peripheral arteries and should not be used in the coronary, carotid, iliac, or renal vasculature. The TurboHawk system is capable of optimizing lumen gain in all types of lesion morphologies, including those involving calcium, both above and below the knee. Notably, the TurboHawk requires no capital equipment for operation, allowing for minimal setup time.

Regional Analysis:

The global Plaque Modification Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Plaque Modification Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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