Plaque Modification Devices Market Size Projected To Reach 2.07 Billion By 2034 With A Cagr Of 8.4%

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What Is the Projected Growth of the Plaque Modification Devices Market?
The market size of plaque modification devices has seen substantial growth in the last few years. It's projected to further increase from $1.38 billion in 2024 to $1.50 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historic phase is linked to the increasing number of people affected by cardiovascular and similar diseases, the escalating demand for minimally invasive procedures, the growth of the elderly population, an increase in atherosclerosis conditions, and an uptick in obesity rates among the populace.

A significant increase is anticipated in the market size of plaque modification devices in the coming years. The market is projected to reach a worth of $2.07 billion in 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 8.4%. Predicted growth during this period can be attributed to several factors such as the prevalent rise of minimally invasive procedures, an enlarging patient group suffering from coronary problems, an increasing aging populace, beneficial reimbursement policies, and escalating sedentary lifestyle along with related ailments. Key market trends for the forecast period comprise of increased inclination towards minimally invasive surgeries, the inception and deployment of atherectomy devices, technological enhancements, investment towards precision-based innovative plaque modification devices, and the uptake of cutting-edge technologies.

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What Are the Different Plaque Modification Devices Market Segments?
The plaque modification devices market covered in this report is segmented -

1) By Type: Atherectomy Devices, Thrombectomy Devices, Chronic Total Occlusion Devices, Embolic Protection Devices
2) By Application: Coronary Artery Disease, Peripheral Artery Disease, Neurovascular Diseases
3) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users

Subsegments:
1) By Atherectomy Devices: Rotational Atherectomy Devices, Directional Atherectomy Devices, Laser Atherectomy Devices, Orbital Atherectomy Devices
2) By Thrombectomy Devices: Mechanical Thrombectomy Devices, Aspiration Thrombectomy Devices, Manual Thrombectomy Devices, Hybrid Thrombectomy Devices
3) By Chronic Total Occlusion (CTO) Devices: CTO Crossing Guidewires, CTO Balloons, CTO Catheters, CTO Support Systems
4) By Embolic Protection Devices: Distal Protection Devices, Proximal Protection Devices, Filter-Based Embolic Protection Devices, Balloon-Based Embolic Protection Devices

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What Are the Primary Drivers Shaping the Plaque Modification Devices Market?
The growth of the plaque modification devices market is predicted to be fueled by an increasing number of minimally invasive procedures. These procedures, which involve smaller incisions, less tissue disruption and lower physical trauma compared to traditional open surgery, are gaining popularity. This surge is due to technological advances such as high-definition imaging and robotic systems, which enhance precision. There is also increasing patient demand for quicker recovery times and less scarring. By allowing for the accurate clearance of arterial obstructions, plaque modification devices bolster the safety and effectiveness of minimally invasive procedures and extend the range of treatment for individuals with complicated vascular conditions. For instance, Intuitive Surgical Inc., a US-based robotic products manufacturer, disclosed in January 2024 that it had installed 415 da Vinci surgical systems - robotic surgical systems leveraging a minimally invasive surgical approach - in the fourth quarter of 2023. This is a 12% increase compared to 2022, indicating that the rise in minimally invasive procedures is fostering the expansion of the plaque modification devices market.

Which Companies Are Leading in the Plaque Modification Devices Market?
Major companies operating in the plaque modification devices market are Cardinal Health, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers, Philips Healthcare, Becton Dickinson, Stryker Corporation, Boston Scientific, Terumo Corporation, Edward Lifesciences Corporation, Teleflex Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Asahi Intecc Co. Ltd., AngioDynamics, Cardiovascular Systems Inc. (CSI), ACIST Medical Systems Inc., Endologix Inc., Avinger Inc., SoundBite Medical Solutions Inc.

What Are the Major Trends Shaping the Acellular Dermal Matrices Market?
Leading corporations in the plaque modification devices market are concentrating on creating innovative solutions like intravascular image-guided, catheter-based systems to establish a competitive advantage. Intravascular image-guided implies medical interventions or procedures utilizing imaging technology to direct instruments or devices within blood vessels. For instance, Avinger, an American medical device firm, introduced the Pantheris LV image-guided directional atherectomy system specifically for managing peripheral artery disease (PAD) in larger blood vessels such as the superficial femoral and popliteal arteries in August 2024. This device presents unique features like high-speed plaque excision for effective occlusive tissue removal, a distinctive jog mechanism for superior plaque apposition, and an upgraded guidewire management system for seamless operation.

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What Are the Top Revenue-Generating Geographies in the Plaque Modification Devices Market?
North America was the largest region in the plaque modification devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plaque modification devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plaque Modification Devices Market?
2. What is the CAGR expected in the Plaque Modification Devices Market?
3. What Are the Key Innovations Transforming the Plaque Modification Devices Industry?
4. Which Region Is Leading the Plaque Modification Devices Market?

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