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Reviving Blood Flow: The Increasing Demand for Atherectomy and Thrombectomy Devices in Cardiovascular Care

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The Atherectomy and Thrombectomy Devices Market refers to the medical devices used to remove plaque or blood clots from arteries and veins to improve blood flow. These devices are used in patients with atherosclerosis, a condition in which the arteries become narrowed or blocked due to the buildup of plaque. Atherectomy and thrombectomy devices are used to treat a variety of cardiovascular conditions, including peripheral artery disease (PAD), deep vein thrombosis (DVT), and coronary artery disease (CAD).

Top Key Players:

  • Medtronic
  • Boston Scientific
  • Spectranetics
  • Bayer AG
  • Cardiovascular Systems
  • Argon Medical Devices
  • Getinge AB
  • Straub Medical AG
  • Teleflex
  • Terumo Medical
  • Abbott

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Market Overview

The atherectomy and thrombectomy devices market is predicted to grow from US$ 3.5 billion in 2022 to US$ 6 billion in 2032. Previously, the market was thriving at a higher CAGR of 6.3% (2015-2021), resulting in a market size of US$ 3.3 billion in 2021. The market growth is driven by factors such as the increasing prevalence of cardiovascular diseases, rising geriatric population, and technological advancements in these devices.

Comparative View of Adjacent Atherectomy and Thrombectomy Devices Market

Attributes Atherectomy and Thrombectomy Devices Market
CAGR (2022-2032) 5.7%
Market Value (2026) US$ 4.37 billion
Growth Factor A growing inclination for minimally invasive surgeries is driving the market growth.
Opportunity Features, such as reduced pain, less scarring, less tissue harm, and shorter hospital stays, expand the market’s prospects.
Key Trends Government programs are investing considerably in improving the health of rural residents and creating a higher scope for the market.

Market Drivers

One of the key drivers of the Atherectomy and Thrombectomy Devices Market is the increasing prevalence of cardiovascular diseases. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, accounting for 31% of all deaths. The growing prevalence of these diseases is driving the demand for atherectomy and thrombectomy devices, which can improve blood flow and reduce the risk of complications such as heart attacks and strokes.

Another driver of the Atherectomy and Thrombectomy Devices Market is the rising geriatric population. Older adults are more likely to develop cardiovascular diseases and are more likely to require treatment with these devices. As the global population ages, the demand for atherectomy and thrombectomy devices is expected to increase.

Technological advancements in these devices are also driving market growth. Manufacturers are developing new and innovative devices that are more effective and easier to use. For example, some devices use laser technology to remove plaque or clots, while others use mechanical devices such as catheters to remove blockages.

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Key Segments

By Type

  • Rheolytic
  • Aspiration
  • Rotational
  • Ultrasound Device

By Application

  • Hospitals
  • Clinics
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Demand of Atherectomy and Thrombectomy Devices Market

The global demand for atherectomy and thrombectomy devices is expected to increase in the coming years due to the rising prevalence of cardiovascular diseases, including coronary artery disease and peripheral artery disease. These devices are used for the removal of plaque or thrombus from blood vessels to restore blood flow and prevent further damage to the affected area. Technological advancements in these devices have resulted in increased efficacy and safety, which has further boosted their demand. Additionally, increasing awareness about the benefits of early diagnosis and treatment of cardiovascular diseases, coupled with favorable reimbursement policies, is expected to drive the growth of the atherectomy and thrombectomy devices market in the foreseeable future.

Challenges

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Despite its growth potential, the Atherectomy and Thrombectomy Devices Market faces several challenges. One of the biggest challenges is the high cost of these devices. Atherectomy and thrombectomy procedures can be expensive, and the cost of the devices used in these procedures can be a barrier to access for some patients.

Another challenge facing the market is the lack of reimbursement for some procedures. In some cases, insurance providers may not cover the cost of atherectomy or thrombectomy procedures, making it difficult for patients to access these treatments.

Future Outlook of Atherectomy and Thrombectomy Devices Market

The Atherectomy and Thrombectomy Devices Market is expected to continue growing in the coming years. Advances in technology are expected to drive the development of new and innovative devices that are more effective and easier to use. Additionally, the increasing prevalence of cardiovascular diseases and the rising geriatric population are expected to drive demand for these devices.

To address the challenges facing the market, manufacturers will need to focus on developing devices that are cost-effective and that can be used in a wide range of patients. Additionally, efforts to increase reimbursement for these procedures will be important in improving patient access to these treatments.

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About Persistence Market Research: 

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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