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Analyzing the Growth Rate of the Laser Atherectomy Devices Market: What’s the Expected CAGR for the Next Decade?

In recent times, there has been a substantial growth in the market size of laser atherectomy devices. Projected growth is expected from $1.22 billion in 2024 to $1.3 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.9%. This significant growth in the past can be credited to the increase in cardiovascular diseases, treatment of complicated lesions, the preference for minimally invasive procedures, enhancements in device design, and their clinical validation and efficiency.

Anticipated to experience robust expansion in the coming years, the market size of laser atherectomy devices is projected to reach “$1.81 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%. The predicted surge during the forecast period is linked to factors such as the increasing need for minimally invasive procedures, growing prevalence of cardiovascular diseases, widening of regulatory approvals, improvements in device safety and efficiency, plus physician training initiatives. Notable trends projected for the forecast period encompass patient-focused care, reduction in device size and enhanced portability, customized treatment strategies, the incorporation of imaging technologies, and an emphasis on safety and efficacy.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the laser atherectomy devices Market?

The proliferation of atherosclerosis is predicted to foster the expansion of the laser atherectomy devices market. Atherosclerosis is a health condition marked by the accumulation of fat inside the arteries, leading to their constriction and stiffening. This can inhibit the blood flow to significant organs and tissues, triggering serious health issues like heart disease, stroke, and peripheral artery disease. A laser atherectomy device is employed in treating atherosclerosis. The device operates by utilizing a laser to vaporize the plaque, which is subsequently extricated from the body using a catheter. For instance, data from the Sentinel Stroke National Audit Programme, a national healthcare quality enhancement programme based in the UK, shows that in March 2023, hospital admissions of stroke patients stood at 91,162 in 2022/23, a slight decrease from 92,054 in 2021/22. Consequently, the escalating prevalence of atherosclerosis is fuelling the growth of the laser atherectomy devices market.

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What Are the Leading Organizations Impacting the Laser Atherectomy Devices Market’s Growth?

Major companies operating in the laser atherectomy devices market include:

• Boston Scientific Corporation_x000D_

• Terumo Corporation_x000D_

• Medtronic plc_x000D_

• Avinger Inc._x000D_

• Cardiovascular Systems Inc._x000D_

What Are the Most Prominent Trends Driving Change in the Laser Atherectomy Devices Market?

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How Are Key Segments Defining the Competitive Landscape of the Laser Atherectomy Devices Market?

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, Other End-Users

Subsegments:

1) By Computer Control: Automated Laser Atherectomy Systems, Computerized Navigation Systems

2) By Other Types: Manual Laser Atherectomy Devices, Portable Laser Atherectomy Devices

What Regions Are Leading the Charge in the Laser Atherectomy Devices Market?

North America was the largest region in the laser atherectomy devices market in 2024.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

How Is the Laser Atherectomy Devices Market Categorized and Defined in the Industry?

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.

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