2024-2033 Atherectomy Devices Market Forecast: Predicted Growth Rate and Market Size
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What is the Expected Growth Rate of the Atherectomy Devices Market from 2024 to 2033?
The atherectomy devices market has experienced strong growth in recent years. It is expected to grow from $0.85 billion in 2023 to $0.93 billion in 2024, with a CAGR of 9.2%. Contributing factors include a rise in cardiovascular conditions, an increasing elderly population, rising obesity rates, enhanced funding for cardiovascular research and healthcare infrastructure, and growing awareness of minimally invasive procedures.
The atherectomy devices market is expected to reach $1.33 billion by 2028 with a CAGR of 9.5%. Growth factors include the rising rates of diabetes and lifestyle-related diseases. Trends encompass innovations in atherectomy devices and the integration of advanced imaging technologies.
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What Key Factors Are Fueling the Growth of the Atherectomy Devices Market?
The prevalence of coronary artery disease is anticipated to drive the atherectomy devices market. CAD, characterized by narrowed arteries due to plaque buildup, is becoming more common due to an aging population and unhealthy lifestyles. Directional coronary atherectomy is a minimally invasive procedure that can alleviate blockages. The CDC reported a slight increase in the prevalence of coronary heart disease among adults from 4.6% in 2020 to 4.9% in 2021. Thus, the prevalence of CAD is driving the atherectomy devices market.
What Are the Major Segments of the Atherectomy Devices Market?
1) By Product: Rotational Atherectomy Devices, Orbital Atherectomy Devices, Directional Atherectomy Devices, Other Products
2) By Application: Peripheral Vascular Applications, Cardiovascular Applications, Neurovascular Applications
3) By End User: Hospitals And Surgical Centers, Ambulatory Care Centers, Other End Users
What New Trends Are Transforming the Atherectomy Devices Market?
Major firms in the atherectomy devices market are developing innovative catheters for treating peripheral artery disease. In October 2023, Cardio Flow introduced FreedomFlow, a catheter utilizing angular momentum physics to remove arterial plaque.
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Which Regions Are Driving Growth in the Atherectomy Devices Market?
North America was the largest region in the atherectomy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atherectomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The 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 atherectomy devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Atherectomy Devices Market Include
1. Atherectomy Devices Market Executive Summary
2. Atherectomy Devices Market Segments
3. Atherectomy Devices Market Size And Template Market Growth Rate
4. Key Atherectomy Devices Market Trends
5. Major Atherectomy Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Atherectomy Devices Market
26. Top Atherectomy Devices Companies
27. Atherectomy Devices Market Opportunities And Strategies
28. Atherectomy Devices Market, Conclusions And Recommendations
29. Appendix
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