Atherectomy Devices Market Expected to Reach $2.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Atherectomy Devices Market," The atherectomy devices market was valued at $787.12 million in 2021, and is estimated to reach $2111.97 million by 2031, growing at a CAGR of 10.5% from 2022 to 2031.

Artery disease, also known as peripheral artery disease (PAD), is a condition in which the arteries that supply blood to the legs, arms, or other organs become narrowed or blocked. This is typically caused by a buildup of fatty deposits, known as plaque, on the walls of the arteries. Furthermore, the narrowing or blockage of the arteries reduces blood flow to the affected area, which can cause symptoms such as pain, cramping, or numbness in the legs, feet, or hands. In severe cases, artery disease can lead to tissue damage, infections, and even gangrene. Risk factors for artery disease include smoking, diabetes, high blood pressure, high cholesterol, obesity, and a family history of the condition. People who are over the age of 50, have a history of heart disease or stroke, or are physically inactive are at a higher risk for developing artery disease. According to a 2021 article in the Journal of the American Geriatrics Society, the prevalence of peripheral artery disease (PAD) in the geriatric population is estimated to be in between 20% and 29%. 

Atherectomy is a medical procedure used to remove plaque buildup from inside the arteries. Plaque buildup is a common problem in individuals with atherosclerosis, which is a condition where the arteries become hardened and narrowed due to the buildup of fatty deposits. During an atherectomy procedure, a catheter with a rotating blade, laser, or other cutting device is inserted into the affected artery. The blade or laser is then used to remove or vaporize the plaque buildup, allowing improved blood flow through the artery. This can help to reduce symptoms such as chest pain and shortness of breath and may also lower the risk of heart attack or stroke. Atherectomy is typically performed by an interventional cardiologist or vascular surgeon and is often used as an alternative to traditional angioplasty or stenting in cases where those procedures may not be suitable. 

The growth of Atherectomy Devices Market Size is driven by factors such as increase in prevalence of cardiovascular diseases. The Atherectomy Devices Market Trends such as unhealthy diet, sedentary lifestyle, and tobacco use contribute to the growth in incidence of cardiovascular diseases. For instance, according to 2021 report by National Library of Medicines, high 10-year atherosclerotic cardiovascular disease (ASCVD) risk was found in 32% men and 7.6% women, whereas lifetime risk was present in 67% and 51%, respectively. In addition, rise in elderly population is a major driver for the growth of Atherectomy Devices Market Size as the geriatric population is more susceptible to cardiovascular diseases.  

Furthermore, in recent years, there has been a growth in trend toward minimally invasive procedures, which use smaller incisions and less invasive techniques. These procedures are generally associated with shorter recovery times, fewer complications, and lower healthcare costs. The increasing demand for minimally invasive procedures is likely to have a significant impact on the atherectomy devices market as these procedures typically require specialized devices that are designed to be used in conjunction with minimally invasive techniques. 

However, factors including the scarcity of experienced medical personnel and the possibility of consequences during the surgery could impede the market growth for atherectomy devices. The scarcity of experienced medical personnel can have a significant impact on the atherectomy devices market in a number of ways. Atherectomy devices are used to treat blocked arteries by removing plaque build-up, and they require specialized training to operate safely and effectively. Without enough experienced number of medical personnel to use these devices, their adoption and use may be limited, leading to slower growth in the market. 

On the basis of product, the atherectomy devices market is classified into directional atherectomy devices, rotational atherectomy devices, orbital atherectomy devices, and others. The rotational atherectomy devices segment accounted for the largest Atherectomy Devices Market Share in 2021 owing to its high efficiency in removing plaque from the arterial walls due to its rotating burr. However, directional atherectomy devices is projected to register highest CAGR during the forecasted period owing to use of small, diamond-coated, orbital sanding disc that rotates and gently sands away the plaque buildup. 

By end user, the atherectomy devices market is categorized into hospitals, ambulatory surgical centers, and others. Hospitals occupied largest Atherectomy Devices Market Share in 2021 owing to the preference of large number of patients. However, ambulatory surgery centers is projected to register highest CAGR during the Atherectomy Devices Market Analysis period. 

Region-wise, North America is expected to witness highest growth, in terms of revenue, owing to increase in adoption of atherectomy devices by patients, rise in awareness about the peripheral artery disease, and surge in healthcare infrastructure drive the growth of the Atherectomy Devices Industry. Upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for the market expansion. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in investments for development of atherectomy devices and rise in number of key players operating in the Atherectomy Devices Industry, drive the growth of the market during the forecast period 

Key findings of the study 

• By product, the rotational atherectomy devices segment was highest contributor to the market in 2021. 

• By end user, the hospitals segment dominated the market in terms of revenue in 2021. However, ambulatory surgery centers segment is anticipated to grow at the highest CAGR during the Atherectomy Devices Market Forecast period. 

• Region wise, North America generated the largest revenue in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.