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How Has the Laser Atherectomy Devices Market Grown from 2024 to 2025?

In recent times, there has been a significant increase in the market size for laser atherectomy devices. The market is projected to expand from $1.22 billion in 2024 to $1.3 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.9%. This growth during the historical period is largely due to the increase in cardiovascular illnesses, the treatment of intricate lesions, the adoption of minimally invasive procedures, enhancements in device design, and clinical proof of efficacy.

What Growth Rate Is Anticipated for the Laser Atherectomy Devices Market in the Coming Years?

Expectations point towards a considerable growth in the market size of laser atherectomy devices in the upcoming years. The market is predicted to augment to “$1.81 billion in 2029, with a compound annual growth rate (CAGR) of 8.6%. Various factors such as the increasing demand for minimally invasive procedures, growth in cardiovascular diseases, expansion in regulatory approvals, improvements in device safety and efficiency, and the implementation of physician training programs contribute to this growth during the forecast period. The major trends to look out for within this period encompass patient-focused care, the miniaturization and portability of devices, personalized treatment plans, incorporation of imaging technologies, and an emphasis on safety and efficacy.

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Who Are the Leading Companies in the Laser Atherectomy Devices Market?

Major companies operating in the laser atherectomy devices market include 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.

What Are the Key Drivers of the Laser Atherectomy Devices Market?

The growth of the laser atherectomy devices market is anticipated to be fuelled by an increased occurrence of atherosclerosis. Atherosclerosis is a health condition characterized by an accumulation of fat inside the arteries, leading them to become narrow and tough, constraining blood flow to crucial organs and tissues. This condition can lead to severe health issues, such as heart disease, stroke, and peripheral artery disease. A laser atherectomy device is employed to deal with atherosclerosis. It operates by using a laser to vaporize the plaque, which is then expelled from the body via a catheter. For instance, data from the Sentinel Stroke National Audit Programme, a quality improvement programme in the UK’s healthcare sector, showed that in March 2023, the number of stroke patients admitted to the hospital was 91,162 in the year 2022/23, versus 92,054 in 2021/22. Accordingly, the escalating prevalence of atherosclerosis is driving the expansion of the laser atherectomy devices market.

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What Are the Key Market Segments in the Laser Atherectomy Devices Industry?

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 Are the Latest Trends in the Laser Atherectomy Devices Market?

Top companies in the laser atherectomy devices market are focusing on creating innovative products like atherectomy systems in a bid to expand their customer base and increase their sales and revenue. These systems are medical devices specifically designed to eliminate atherosclerotic plaque from blood vessels. For instance, AngioDynamics Inc., a US-based medical device company, announced in August 2022 that the United States Food and Drug Administration (FDA) has given clearance to its Auryon Atherectomy System for expanded use. The Auryon Atherectomy System’s unique feature lies in its ability to effectively handle all infrainguinal lesion types, including above-the-knee (ATK), below-the-knee (BTK), and in-stent restenosis (ISR). The Auryon Atherectomy System, which uses advanced technology, provides effective treatment for arterial blockages. It’s worth mentioning that it is the first-ever laser atherectomy system capable of treating any type of lesion, regardless of its length or location, with minimal damage to the vessel walls.

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What Are the Key Regional Markets in the Laser Atherectomy Devices Industry?

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

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This Report Delivers Insight On:

1. How big is the laser atherectomy devices market, and how is it changing globally?

2. Who are the major companies in the laser atherectomy devices market, and how are they performing?

3. What are the key opportunities and risks in the laser atherectomy devices market right now?

4. Which products or customer segments are growing the most in the laser atherectomy devices market?

5. What factors are helping or slowing down the growth of the laser atherectomy devices market?

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