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Future of the Plaque Modification Devices Market: Strategic Analysis and Forecast to 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Plaque Modification Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of plaque modification devices has seen significant growth in the past few years. The market, which was valued at $1.38 billion in 2024, is predicted to expand to $1.49 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. The previous growth period is directly linked to an increase in cardiovascular and similar health conditions, a growing demand for less invasive procedures, an ageing population, a rise in atherosclerosis cases, and a surge in the rate of obesity among the public.
Plaque Modification Devices Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for a significant expansion in the size of the plaque modification devices market in the forthcoming years, with predictions of growth up to $2.06 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth during the projected period is anticipated to be due to an increase in minimally invasive procedures, a growing number of patients with coronary problems, an aging population, favorable reimbursement policies, and a rise in sedentary lifestyles and related health conditions. Key trends during this forecasted period are expected to include the increased adoption of minimally invasive surgical procedures, the creation and launch of erec*tomy devices, technological advancements, investment in the creation of precise innovative plaque modification devices, and the embrace of new technologies.
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What Are the Drivers Transforming the Plaque Modification Devices Market?
The plaque modification devices market is expected to soar due to an increase in the number of minimally invasive procedures. These procedures, which cause less tissue damage and involve smaller incisions than traditional open surgeries, are becoming more popular. They are facilitated by technological developments such as high-definition imaging and robotic systems, which enhance precision. This trend is also boosted by patients' increasing preference for quicker recovery times and less scarring. Plaque modification devices contribute to the safety and efficacy of these minimally invasive procedures by enabling accurate removal of arterial obstructions, thus widening treatment options for individuals with complex vascular conditions. For instance, Intuitive Surgical Inc., a manufacturer of robotic products based in the US, revealed in January 2024 that there had been a 12% increase in placement of their 415 da Vinci surgical systems (which utilise a minimally invasive surgical method) in the fourth quarter of 2023, as compared to 2022. Thus, the growing preference for minimally invasive procedures is fuelling the expansion of the plaque modification devices market.
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What Long-Term Trends Will Define the Future of the Plaque Modification Devices Market?
Leading businesses in the plaque modification devices market are concentrating on the creation of innovative solutions, such as intravascular image-guided, catheter-based systems, in their bid to stay ahead in the competition. Intravascular image-guided refers to medical processes or treatments that use imaging technology to navigate instruments or equipment inside blood vessels. For example, in August 2024, Avinger, a company based in the US that specializes in medical devices, introduced the Pantheris LV image-guided directional erec*tomy system. This is specially engineered for the treatment of peripheral artery disease (PAD) in larger vessels such as the superficial femoral and popliteal arteries. The system boasts exclusive features like high-speed plaque excision for effective elimination of challenging occlusive tissue, a distinctive jog function for improved plaque apposition, and an upgraded guidewire management system for user-friendly operation.
Which Segments in the Plaque Modification Devices Market Offer the Most Profit Potential?
The plaque modification devices market covered in this report is segmented -
1) By Type: erec*tomy 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 erec*tomy Devices: Rotational erec*tomy Devices, Directional erec*tomy Devices, Laser erec*tomy Devices, Orbital erec*tomy 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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Which Firms Dominate the Plaque Modification Devices Market by Market Share and Revenue in 2025?
Major companies operating in the plaque modification devices market are Cardinal Health, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers, Philips Healthcare, Becton dic*kinson, 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.
Which Regions Offer the Highest Growth Potential 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.
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