Rising Demand And Innovations Propelling Global Laser Atherectomy Devices Market Towards $1.81 Billion by 2029

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Key technological advancements and surging prevalence of cardiovascular diseases are catalyzing the global laser atherectomy devices market growth.

What Is The Projected Market Size Of The Global Laser Atherectomy Devices Market And Its Growth Rate?

The laser atherectomy devices market has been demonstrating robust growth lately.
• It will grow from $1.22 billion in 2024 to $1.3 billion in 2025, escalating at a compound annual growth rate (CAGR) of 6.9%.
• Factors such as rising cardiovascular diseases, improvements in device design, and clinical efficacy are driving the growth.
• The market size is projected to advance to $1.81 billion in 2029 at a CAGR of 8.6%, fueled by the demand for minimally invasive procedures and advancements in device safety and efficiency.

What Is Driving The Growth In The Laser Atherectomy Devices Market?

The escalating prevalence of atherosclerosis is propelling the growth of the laser atherectomy devices market. Atherosclerosis, characterized by fat deposits causing arteries to narrow and harden, can lead to severe health complications, including heart disease and stroke. Laser atherectomy devices, used for the treatment, work by using a laser to vaporize plaque that is then removed. For instance, as per the UK-based Sentinel Stroke National Audit Programme, in March 2023, there were 91,162 patients admitted to hospital with a stroke in 2022/23, compared to 92,054 in 2021/22.

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Who Are the Key Players Driving Laser Atherectomy Devices Market Growth?

The major players augmenting the market's growth include:
- Boston Scientific Corporation
- Terumo Corporation
- Medtronic plc
- Avinger Inc.
- Cardiovascular Systems Inc.
- Koninklijke Philips N.V.
- AngioDynamics Inc
- Becton, Dickinson and Company
- Eximo Medical Ltd.
- Cardinal Health

What Are The Key Trends In The Laser Atherectomy Devices Market?

Major trends in the forecast period include:
- Emphasis on patient-centric care
- Innovation toward miniaturization and device portability
- Personalized treatment approaches
- Integration of imaging technologies
- Focus on safety and efficacy

What Are The Segments Of The Global Laser Atherectomy Devices Market?

The laser atherectomy devices market has the following segments:

1) By Type: Computer Control, Other Types
2) By Application: Cardiovascular, Peripheral Vascular, Neurovascular
3) By End-User: Hospitals And Surgical Centers, Ambulatory Care Centers, Other End-Users

Which Region Leads The Laser Atherectomy Devices Market?

North America was the largest region in the laser atherectomy devices market in 2024. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period. The areas studied in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Laser Atherectomy Devices Global Market Report?

- Market Size Analysis: Analyze the Laser Atherectomy Devices Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Laser Atherectomy Devices Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Laser Atherectomy Devices Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Laser Atherectomy Devices Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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