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Advances in Technology Driving Growth in the Atherectomy Devices Market| Growing at a CAGR of 11.8% between 2022 and 2026




Atherectomy is a medical procedure that involves the removal of blockages in blood vessels. It is used to treat arterial and venous diseases, such as peripheral artery disease (PAD) and chronic total occlusions (CTOs). The global atherectomy devices market is expected to grow significantly in the coming years, owing to advancements in technology and increasing awareness about the health benefits associated with these devices.

Top Key Players of Atherectomy Devices are:

  • Medtronic Plc.
  • Boston Scientific Corporation
  • Cardiovascular Systems, Inc.
  • Avinger, Inc.
  • Koninklijke Philips N.V. (Spectranetics + Volcano)

Market Dynamics:

The Atherectomy Devices Market witnessed a CAGR of 10% between 2014 and 2021. The global Market is expected to have 11.8% CAGR between 2022 and 2026. In 2022, the global Atherectomy Devices Market size is US$ 991.1 million, which is projected to reach US$ 1,546.1 million by the year 2026.

Drivers for Growth

The major driver for growth in the atherectomy devices market is the growing prevalence of cardiovascular diseases (CVDs) worldwide. According to statistics provided by the World Health Organization (WHO), CVDs are one of the leading causes of death globally and are expected to cause over 17 million deaths every year by 2030. Therefore, decreasing mortality rates associated with CVDs can be achieved by more aggressive interventions like atherectomy. Furthermore, technological advancements have enabled manufacturers to develop more sophisticated and efficient atherectomy devices which are better suited for treating CVDs than conventional methods. This has led to an increased demand for these devices, thus driving up the global atherectomy device market size.

Other factors that are driving up demand for atherectomy devices include increasing healthcare expenditure, rising disposable incomes, improving economic conditions, changing lifestyles leading to unhealthy habits like smoking and alcohol consumption, and increasing adoption of minimally invasive surgeries over conventional procedures in developed countries like the US, Canada, Germany and the UK.

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Recent Advances in Atherectomy Devices Market

There have been a number of recent advances in the atherectomy devices market. Newer devices are designed to enhance safety and improve accuracy during procedures, while also reducing the risk of complications. These advancements include technologies like laser atherectomy, which can be used to treat occlusions caused by plaque deposits in arteries, as well as radiofrequency ablation, which is used for treating lesions in areas that are difficult to access. In addition, robotic-assisted atherectomy devices have been developed to offer improved accuracy and patient comfort during treatments. Moreover, there has been increasing focus on developing next-generation atherectomy devices such as drug-eluting balloons and stents that are expected to replace conventional methods of treatment over the next few years.

The global atherectomy device market is also witnessing a surge in R&D investments from manufacturers who are trying to develop more efficient and cost-effective products for better patient outcomes. For example, companies like Spectranetics Corp., Avinger Inc., CardiAQ Valve Technologies Inc. and Medtronic plc are working on developing new technology that is expected to revolutionize CVD treatments in the coming years.

Atherectomy Devices Market Categorization

  • Atherectomy Devices Market by Indication
  • Coronary Artery Diseases
  • Peripheral Artery Diseases

Atherectomy Devices Market by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.


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