What's Driving the Coronary Atherectomy Devices Market 2025-2034: Surge In Cardiovascular Diseases Fuels Demand For Atherectomy Devices

What Are the Projections for the Size and Growth Rate of the Coronary Atherectomy Devices Market?
The market for coronary atherectomy devices has seen robust growth in the past few years. The market value is projected to increase from $0.21 billion in 2024 to $0.23 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. The prominent growth during the historical period is associated with an increased occurrence of coronary artery disease, a rising preference for minimally invasive procedures, and growing demand for coronary atherectomy devices, along with higher disposable incomes.

In the years to come, the market size for coronary atherectomy devices is anticipated to experience robust growth. The expectation is for the market to expand to $0.34 billion by 2029, with a compound annual growth rate (CAGR) of 9.6%. The surge during this forecast period can be credited to factors such as an aging population, hybrid procedures, investment in the industry, and awareness from both patients and physicians. Lookout trends throughout this forecast period feature improvements in coronary atherectomy devices, device downsizing, advanced imaging, individualized treatments, progress in device design, and the incorporation of robotics and artificial intelligence.

What Are the Main Catalysts for Growth in the Coronary Atherectomy Devices Market?
Rising occurrences of cardiovascular diseases (CVDs) are leading to a surging demand for atherectomy devices used in their treatment. Factors like smoking habits, physical inactivity, and unhealthy eating are largely contributing to the increased prevalence of CVDs. To illustrate, the US government agency, Center for Disease Control and Prevention, reported in September 2023 that the death toll from cardiovascular diseases had hit 695,547 in 2021. Additionally, the American College of Cardiology, a non-profit medical association in the US, predicted in August 2022 that the risk factors for ischemic heart disease would see an upswing of 30.7%, touching 29 million by 2025. Hence, the escalating prevalence of CVDs is projected to fuel the expansion of the global coronary atherectomy devices market.

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Which Businesses Are at the Forefront of Coronary Atherectomy Devices Market Development?
Major companies operating in the coronary atherectomy devices market include Boston Scientific Corporation, Koninklijke Philips N.V., Cardiovascular Systems Inc., The Spectranetics Corporation, Medtronic Inc., Avinger Inc., Biotronik SE & Co KG, Arterial Remodeling Technologies, Atrium Medical Corporation, B. Braun Melsungen AG, Balton Sp. z o.o., Biosensors International Group Ltd., Straub Medical AG, C.R. Bard Inc., RA Medical Systems Inc., Shockwave Medical Inc., Terumo Corporation, Abbott Laboratories Inc., Asahi Intecc Co. Ltd., Baylis Medical Company Inc., Cook Medical LLC, Cordis Corporation, Edwards Lifesciences Corporation, Endologix Inc., Infraredx Inc., Intact Vascular Inc., Lutonix Inc., Mercator MedSystems Inc., Miracor Medical Systems GmbH, OrbusNeich Medical Company Limited, QT Vascular Ltd., TriReme Medical LLC, Vascular Solutions Inc., Volcano Corporation

What Are the Latest Innovations in the Coronary Atherectomy Devices Market?
Principal businesses in the coronary atherectomy equipment market are concentrating on creating innovative solutions such as radial access catheters, which enhance patient outcomes by facilitating safer and less invasive methods for the treatment of coronary artery disease. A radial access catheter, a specially designed medical tool used in interventional cardiology, provides access to the coronary arteries through the radial artery in the wrist rather than through the usual femoral artery in the groin. For instance, in January 2024, AngioDynamics, a US-based company offering healthcare professional products and solutions, obtained FDA 510(k) clearance for their Auryon XL Radial Access Catheter, crafted to aid in the treatment of peripheral arterial disease (PAD). This 225-cm catheter, designed to work with the Auryon Atherectomy System, is available in two diameter options (0.9 mm and 1.5 mm) and incorporates advanced laser technology to effectively treat arterial occlusions. Significantly, compared to the traditional femoral approach, radial access sharply cuts the risk of major bleeding and allows the treatment of bilateral disease in one session, fostering quicker recuperation.

How Is the Coronary Atherectomy Devices Market Segmented?
The coronary atherectomy devices market covered in this report is segmented -

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

Subsegments:
1) By Directional Atherectomy Devices: Traditional Directional Atherectomy Devices, Advanced Directional Atherectomy Devices
2) By Orbital Atherectomy Devices: Single-Wire Orbital Atherectomy Devices, Multi-Wire Orbital Atherectomy Devices
3) By Photo-Ablative Atherectomy Devices: Laser-Based Photo-Ablative Devices, Other Photo-Ablative Atherectomy Devices
4) By Rotational Atherectomy Devices: Manual Rotational Atherectomy Devices, Motorized Rotational Atherectomy Devices
5) By Other Products: Combination Atherectomy Devices, Custom Atherectomy Solutions, Other Coronary Atherectomy Devices

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Where Is the Coronary Atherectomy Devices Market Growth Most Prominent?
North America was the largest region in the coronary atherectomy devices market in 2023. Western Europe was the second-largest region in the global coronary atherectomy devices market share. Africa, was the smallest region in the coronary atherectomy devices industry. The regions covered in the coronary atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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

- Market Size Analysis: Analyze the Coronary Atherectomy Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coronary 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 Coronary Atherectomy Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coronary Atherectomy Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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