Overview and Scope
A laser atherectomy device refers to a medical instrument that uses laser energy to break down and remove blockages from blood vessels. It is commonly used to treat conditions such as peripheral artery disease (PAD) or atherosclerosis, which are caused by the buildup of plaque in the arteries. The device works by delivering a high-energy laser beam to the plaque, which vaporizes and removes the blockage.
Sizing and Forecast
The laser atherectomy devices market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rise in cardiovascular diseases, treatment of complex lesions, minimally invasive procedures, improvements in device design, clinical evidence and efficacy.
The laser atherectomy devices market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to demand for minimally invasive procedures, rise in cardiovascular conditions, expansion of regulatory approvals, advancements in device safety and efficiency, physician training programs. Major trends in the forecast period include patient-centric care, miniaturization and device portability, personalized treatment approaches, integration of imaging technologies, focus on safety and efficacy.
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Segmentation & Regional Insights
The laser atherectomy devices market covered in this report is segmented –
1) By Type: Computer Control, Other Types
2) By Application: Cardiovascular, Peripheral Vascular, Neurovascular
3) By End-User: Hospitals And Surgical Centers, Ambulatory Care Centers, Others End-Users
North America was the largest region in the laser arthectomy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global laser atherectomy devices market report during the forecast period. The regions covered in the laser atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
A rise in the prevalence of atherosclerosis is expected to propel the growth of the laser atherectomy devices market. Atherosclerosis refers to a medical condition in which fat builds up inside the arteries, causing them to narrow and harden. This can restrict blood flow to vital organs and tissues and lead to serious health complications such as heart disease, stroke, and peripheral artery disease. A laser atherectomy device is used in the treatment of atherosclerosis. The device works by using a laser to vaporize the plaque, which is then removed from the body through a catheter. For instance, in September 2021, according to the reports shared by Medical News Today, a UK-based web-based medical information provider, atherosclerosis was present in 42 percent of adults without heart disease, and atherosclerosis was more prevalent among the older male participants. Furthermore, in August 2022, according to the National Library of Medicine, a US-based biomedical library, atherosclerosis was the primary factor for around 50 percent of all fatalities. Therefore, a rise in the prevalence of atherosclerosis is driving the growth of the laser atherectomy devices market.
Key Industry Players
Major companies operating in the laser atherectomy devices market report are Boston Scientific Corporation, Terumo Corporation, Medtronic PLC, Avinger Inc., Cardiovascular Systems Inc., Koninklijke Philips N.V., AngioDynamics Inc., Becton, Dickinson and Company, Eximo Medical Ltd., Cardinal Health, B. Braun SE, C. R. Bard Inc., Abbott Laboratories, Biotronik SE & Co. KG, Rex Medical, Spectranetics Corporation, Straub Medical AG, Vascular Solutions Inc., Volcano Corporation, Atrium Medical Corporation, Bayer AG, Biosensors International Group Ltd., Cook Medical LLC, Cordis Corporation, Covidien PLC, Medtronic Vascular, Shockwave Medical Inc., Acotec Scientific Holdings Ltd., Advanced Catheter Therapies Inc., ArioMedica Ltd.
The laser atherectomy devices market report table of contents includes:
1. Executive Summary
2. Laser Atherectomy Devices Market Characteristics
3. Laser Atherectomy Devices Market Trends And Strategies
4. Laser Atherectomy Devices Market – Macro Economic Scenario
5. Global Laser Atherectomy Devices Market Size and Growth
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31. Global Laser Atherectomy Devices Market Competitive Benchmarking
32. Global Laser Atherectomy Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Laser Atherectomy Devices Market
34. Laser Atherectomy Devices Market Future Outlook and Potential Analysis
35. Appendix
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