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How Rapidly is the Laser Atherectomy Devices Market Forecasted to Grow Between 2024 and 2033?

In recent times, there has been a significant expansion in the market for laser atherectomy devices. The market is projected to increase from $1.16 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The surge in growth during the historical time frame can be associated with the uptick in cardiovascular disease cases, the treatment of intricate lesions, the rise of minimally invasive techniques, enhancements in device architecture, and proven clinical evidence of effectiveness.

Expectations are high for the laser atherectomy devices market, with considerable growth projected over the next several years. It is forecasted that the market will expand to a value of $1.68 billion in 2028, corresponding to a compound annual growth rate (CAGR) of 7.5%. Factors contributing to this anticipated growth within the forecast period include increased demand for less invasive medical procedures, a rising number of cardiovascular conditions, growth in regulatory approvals, enhancements in the safety and proficiency of devices, and physician training initiatives. The forecast period also sees trends such as an emphasis on patient-centered care, device miniaturization and portability, personalized treatment plans, incorporation of imaging technologies, and priority on safety and effectiveness.

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What Factors Are Behind the Rapid Growth of the laser atherectomy devices Market?

The proliferation of atherosclerosis is anticipated to amplify the expansion of the laser atherectomy devices market. Atherosclerosis is a condition in which fat accumulates inside the arteries, making them constrict and solidify. This compromises the circulation of blood to critical organs and tissues, potentially resulting in severe health issues such as heart disease, stroke, and peripheral artery disease. A laser atherectomy device is employed for the treatment of atherosclerosis. The device operates by utilizing a laser to eradicate the plaque, which is subsequently extracted from the body via a catheter. For example, in September 2021, Medical News Today, a UK-based online medical news provider, reported that 42 percent of adults without heart disease had atherosclerosis, with older males being more commonly affected. In addition, in August 2022, the National Library of Medicine, a U.S. biomedical library, stated that atherosclerosis was responsible for approximately 50 percent of all deaths. As such, an escalation in the incidence of atherosclerosis is stimulating the growth of the laser atherectomy devices market.

What Are the Principal Segments of the Laser Atherectomy Devices Market?

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, Other End-Users

What Emerging Patterns Are Redefining the Laser Atherectomy Devices Market?

Prominent businesses functioning in the laser atherectomy devices market are focusing on introducing innovative items such as atherectomy systems for enlarging their customer reach, boosting sales, and escalating revenue. Atherectomy systems are medical apparatus specifically devised to extract atherosclerotic plaque from blood vessels. For example, in August 2022, AngioDynamics Inc., a company that specializes in medical devices based in the US, declared they obtained clearance from the United States Food and Drug Administration (FDA) for Expanded Indications for the Auryon Atherectomy System. This unique system is acknowledged for its effectiveness in dealing with all types of infrainguinal lesions, including those above-the-knee (ATK), below-the-knee (BTK), and in-stent restenosis (ISR). The Auryon Atherectomy System, which utilizes state-of-the-art technology, offers powerful treatment for arterial obstructions. Importantly, it is exceptionally recognized as the first laser atherectomy system to treat efficiently any kind of lesion, regardless of its type, length, or location, with minimal damage to vessel walls.

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Which Geographical Regions Are Shaping the Laser Atherectomy Devices Market Growth?

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

The Laser Atherectomy Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the laser atherectomy devices market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Laser Atherectomy Devices Market Include

1. Laser Atherectomy Devices Market Executive Summary

2. Laser Atherectomy Devices Market Segments

3. Laser Atherectomy Devices Market Size And Template Market Growth Rate

4. Key Laser Atherectomy Devices Market Trends

5. Major Laser Atherectomy Devices Market Drivers

……

25. Key Mergers And Acquisitions In The Laser Atherectomy Devices Market

26. Top Laser Atherectomy Devices Companies

27. Laser Atherectomy Devices Market Opportunities And Strategies

28. Laser Atherectomy Devices Market, Conclusions And Recommendations

29. Appendix

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