The global atherectomy market, valued at USD 1.39 billion in 2022, is projected to reach USD 2.56 billion by 2032, with a CAGR of 7% during the forecast period. The primary driver of market revenue growth is the increasing prevalence of cardiovascular disorders.

Cardiovascular illnesses, responsible for over 17 million annual fatalities worldwide, are the leading cause of mortality. The rising incidence of these disorders is creating a high demand for atherectomy procedures, resulting in market expansion. Additionally, the aging population is a significant contributing factor. As individuals grow older, the likelihood of developing cardiovascular disorders increases, leading to an increased utilization of atherectomy treatments in elderly patients. The United Nations predicts that by 2050, there will be over 2.1 billion people aged 60 or older globally.

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The atherectomy market is experiencing significant revenue growth due to the rising demand for minimally invasive procedures. Patients are increasingly opting for atherectomy operations as they offer less invasiveness compared to conventional surgeries and facilitate quicker recovery. The availability of atherectomy procedures in outpatient clinics and ambulatory surgery centers further contributes to the market's revenue expansion.

However, certain factors pose challenges to the market's revenue growth. The high cost associated with atherectomy devices and procedures, along with the absence of reimbursement policies, can hinder market expansion. Additionally, there is a risk of complications related to atherectomy treatments, which further impacts revenue growth.

Some Key Highlights From the Report

Major Companies and Competitive Landscape

  • Boston Scientific Corporation
  • Cardinal Health, Inc.
  • Philips Healthcare
  • Spectranetics Corporation (a subsidiary of Royal Philips)
  • C.R. Bard, Inc. (a subsidiary of BD)
  • Medtronic, Inc.
  • Minnetronix, Inc.
  • Royal Philips

The atherectomy market is divided into directed, rotational, orbital, and laser product types. In terms of revenue, the directional category dominated the worldwide atherectomy market in 2021. The two main reasons propelling the growth of this market are the rising prevalence of peripheral artery disease (PAD) and the increased use of minimally invasive techniques. By using a catheter with a revolving blade to cut and remove plaque from the artery walls, directional atherectomy restores blood flow. It has become a popular treatment choice for patients and medical professionals alike because it is an extremely efficient and secure means of treating PAD. Healthcare professionals frequently choose directed atherectomy due to its simplicity of usage and versatility in treating a variety of lesions and vessel diameters.

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The hospitals segment dominated the worldwide atherectomy market in 2021, in part because atherectomy procedures are being used more frequently in hospital settings and because cardiovascular illnesses are becoming more common. The atherectomy market has been divided into three end-use categories based on location: hospitals, ambulatory surgery centres, and catheterization labs.

In terms of revenue, the hospitals sector dominated the atherectomy market in 2021. The need for atherectomy treatments in hospital settings is being driven by the rising frequency of cardiovascular illnesses, including peripheral artery disease (PAD). In addition, the presence of highly qualified healthcare personnel, together with the availability of cutting-edge infrastructure and medical technology in hospitals, is fueling the expansion of this market. Hospitals also serve a larger patient base and can handle complicated treatments, all of which are contributing to the atherectomy industry's expansion in this market category.

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Segments Covered in the Report:

Segments Covered: Product Type Outlook, Application Outlook, End-use Outlook, Regional Outlook

By Product Type Outlook:

  • Directional Atherectomy Devices
  • Rotational Atherectomy Devices
  • Orbital Atherectomy Devices
  • Laser Atherectomy Devices

By Application Outlook:

  • Peripheral Artery Disease (PAD)
  • Coronary Artery Disease (CAD)

By End-use Outlook:

  • Hospitals
  • Ambulatory Surgical Centers
  • Catheterization Labs

Regional Scope:

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

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