Laser Atherectomy Devices Global Market 2024 To Reach $1.68 Billion By 2028 At Rate Of 7.5%
Laser Atherectomy Devices Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Laser Atherectomy Devices Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs ” - The Business Research CompanyLONDON, GREATER LONDON, UK, August 15, 2024 /EINPresswire / -- The laser atherectomy devices market has experienced robust growth in recent years, expanding from $1.16 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rise in cardiovascular diseases, treatment of complex lesions, minimally invasive procedures, improvements in device design, clinical evidence and efficacy.
Strong Future Growth Anticipated
The laser atherectomy devices market is projected to continue its strong growth, reaching $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to demand for minimally invasive procedures, rise in cardiovascular conditions, expansion of regulatory approvals, advancements in device safety and efficiency, physician training programs.
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Growth Driver Of The Laser Atherectomy Devices Market
A rise in the prevalence of atherosclerosis is expected to propel the growth of the laser atherectomy devices market. Atherosclerosis refers to a medical condition in which fat builds up inside the arteries, causing them to narrow and harden. This can restrict blood flow to vital organs and tissues and lead to serious health complications such as heart disease, stroke, and peripheral artery disease. A laser atherectomy device is used in the treatment of atherosclerosis. The device works by using a laser to vaporize the plaque, which is then removed from the body through a catheter.
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Major Players And Market Trends
Key players in the laser atherectomy devices market include Boston Scientific Corporation, Terumo Corporation, Medtronic PLC, Avinger Inc., Cardiovascular Systems Inc., Koninklijke Philips N.V.
Major companies operating in the laser atherectomy devices market are developing innovative products such as atherectomy systems to meet larger customer bases, more sales, and increase revenue. An atherectomy system is a medical device designed for the removal of atherosclerotic plaque from blood vessels.
Segments:
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
Geographical Insights: North America Leading The Market
North America was the largest region in the laser atherectomy 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
Laser Atherectomy Devices Market Definition
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.
Laser Atherectomy Devices Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Laser Atherectomy Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on laser atherectomy devices market size , laser atherectomy devices market drivers and trends, laser atherectomy devices market major players, laser atherectomy devices competitors' revenues, laser atherectomy devices market positioning, and laser atherectomy devices market growth across geographies. The laser atherectomy devices market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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