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How has the laser atherectomy devices market grown in recent years?

In recent times, there has been a robust growth in the market size of laser atherectomy devices. The market, poised at $1.22 billion in 2024, is predicted to expand to $1.3 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.9%. The historical growth surge is largely due to the increasing incidence of cardiovascular diseases, the need to treat complex lesions, advancements in minimally invasive procedures, device design enhancements, as well as credible clinical data and efficacy.

How is the laser atherectomy devices market size expected to evolve during the forecast period?

The market for laser atherectomy devices is set to witness a robust growth in the near future, reaching a valuation of “$1.81 billion by 2029 with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth during the forecast period include an increase in demand for minimally invasive procedures, the rising occurrence of cardiovascular diseases, broadening regulatory approvals, enhancements in device safety and efficiency, as well as physician training programs. Other notable trends for this period are the preference for patient-focused care, miniaturization and portability of devices, bespoke treatment strategies, incorporation of imaging technologies and emphasis on safety and efficacy.

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Which key drivers are propelling the laser atherectomy devices market’s growth?

The increasing incidence of atherosclerosis is projected to boost the laser atherectomy devices market growth. Atherosclerosis is a medical condition characterized by the build-up of fat inside the arteries, which can cause them to constrict and harden. This situation can limit blood flow to important organs and tissues, leading to severe health problems like heart disease, stroke, and peripheral artery disease. To treat atherosclerosis, a laser atherectomy device is employed. This device functions by using a laser to eliminate the plaque, which is afterward expelled from the body via a catheter. For instance, the Sentinel Stroke National Audit Programme, a national healthcare quality enhancement programme based in the UK, reported in March 2023 that 91,162 patients were hospitalized with a stroke in 2022/23 compared to 92,054 in 2021/22. Therefore, the increasing occurrence of atherosclerosis is fuelling the growth of the laser atherectomy devices market.

What are the 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

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Which leading companies are shaping the growth of 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 key trends are currently impacting the laser atherectomy devices market’s development?

Leading firms in the laser atherectomy devices market are introducing inventive items such as atherectomy systems to cater to a wider audience, boost sales and enhance revenue. Atherectomy systems are medically engineered devices used to extract atherosclerotic plaque from blood vessels. For example, in August 2022, AngioDynamics Inc., an American medical device corporation revealed that the US Food and Drug Administration (FDA) approved Expanded Indications for the Auryon Atherectomy System. The unique aspect of the Auryon Atherectomy System is its proficiency in effectively handling all infrainguinal lesion varieties, including above-the-knee (ATK), below-the-knee (BTK), and in-stent restenosis (ISR). The Auryon Atherectomy System uses advanced technology to give powerful treatment for arterial blockages. What sets it apart is that it is the first laser atherectomy system that can successfully treat lesions of any kind, size, and location with minimal effect on vessel walls.

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Which geographic areas are influencing the growth of 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

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