Emerging Laser Atherectomy Devices Market Trends: Product Innovations In The Laser Atherectomy Devices Market Shaping the Future of the Industry

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Laser Atherectomy Devices Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been significant growth in the market size for laser atherectomy devices. The market is projected to expand from $1.22 billion in 2024 to $1.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%. The growth observed during the historic period is due to the surge in cardiovascular diseases, the treatment of complex lesions, adoption of minimally invasive procedures, advances in device design, and demonstrated clinical effectiveness and efficacy.

How Will the Laser Atherectomy Devices Market Size Evolve and Grow by 2029?
The market size for laser atherectomy devices is projected to experience robust growth over the coming years, expanding to a worth of $1.82 billion by 2029 with a compound annual growth rate (CAGR) of 8.8%. This escalation during the forecast window is connected to factors such as the rising demand for minimally invasive procedures, an increase in cardiovascular disorders, broader regulatory approval parameters, enhancements in device reliability and effectiveness, as well as physician education initiatives. The major trends impacting the forecast period span from patient-orientated care, device miniaturization and portability, personalized therapy tactics, the incorporation of imaging technologies, to a greater emphasis on safety and efficacy.

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What Drivers Are Propelling the Growth of Laser Atherectomy Devices Market Forward?
The escalation of atherosclerosis is anticipated to accelerate the expansion of the laser atherectomy devices market. Atherosclerosis is a health issue in which fat accumulates within arteries, leading them to become constricted and hardened. This might limit the flow of blood to crucial organs and tissues, resulting in severe health problems such as heart disease, stroke, and peripheral artery disease. A laser atherectomy device, which employs a laser to evaporate the plaque and then extracts it from the body through a catheter, is utilized to treat atherosclerosis. For example, data from the Sentinel Stroke National Audit Programme, a UK national healthcare quality improvement initiative, shows an increase in hospital admissions due to stroke - 91,162 in 2022/23 compared to 92,054 in 2021/22. Thus, the surge in atherosclerosis prevalence is fueling the expansion of the laser atherectomy devices market.

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What Long-Term Trends Will Define the Future of the Laser Atherectomy Devices Market?
Leading businesses in the laser atherectomy devices market, such as AngioDynamics Inc., are manufacturing innovative products like atherectomy systems. These systems are created to remove atherosclerotic plaque from blood vessels, aiming to reach a wider client base and boost profitability through sales. Notably, in August 2022, this US-based medical device company announced FDA approval for its new Auryon Atherectomy System. The unique aspect of this system is its proficient treatment for all infrainguinal lesion types, which include above-the-knee (ATK), below-the-knee (BTK), and in-stent restenosis (ISR), using advanced technology. It can rightfully boast as the industry's first laser atherectomy system that treats lesions of all types, lengths, and locations while causing minimal damage to vessel walls.

What Are the Key Segments in the Laser Atherectomy Devices Market?
The laser atherectomy devices market covered in this report is segmented -

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

Subsegments:
1) By Computer Control: Automated Laser Atherectomy Systems, Computerized Navigation Systems
2) By Other Types: Manual Laser Atherectomy Devices, Portable Laser Atherectomy Devices

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Who Are the Key Players Shaping the Laser Atherectomy Devices Market's Competitive Landscape?
Major companies operating in the laser atherectomy devices market 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, B. Braun SE, C. R. Bard Inc., Abbott Laboratories, Biotronik SE & Co. KG, Rex Medical, Spectranetics Corporation, Straub Medical AG, Vascular Solutions Inc., Volcano Corporation, Atrium Medical Corporation, Bayer AG, Biosensors International Group Ltd., Cook Medical LLC, Cordis Corporation, Covidien plc, Medtronic Vascular, Shockwave Medical Inc., Acotec Scientific Holdings Ltd., Advanced Catheter Therapies Inc., ArioMedica Ltd.

What Geographic Markets Are Powering Growth in the Laser Atherectomy Devices Market?
North America was the largest region in the laser atherectomy devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global laser atherectomy devices market report during the forecast period. The regions covered in the laser atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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