The global plaque modification and removal devices market size is expected to reach USD 3.26 billion by 2030, exhibiting a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The global market for plaque modification and removal devices is experiencing robust growth, fueled by technological innovations, increasing prevalence of cardiovascular diseases, and favorable reimbursement policies. Moreover, the rising incidence of cardiovascular diseases, particularly among the aging population, underscores the critical need for effective plaque modification and removal devices. With greater awareness of cardiovascular health and improved diagnostic techniques, there is an increasing emphasis on early detection and intervention, further driving market demand.
Plaque Modification & Removal Devices Market Report Highlights
- Based on the product, the atherectomy devices segment accounted for the largest market share of 32.48% in 2023. These devices address the limitations of balloon angioplasty which is driving the segment growth.
- Based on the application, the coronary artery disease segment accounted for the largest market share of 59.83% in 2023 driven by the increasing cases of atherosclerosis, and diabetes.
- Based on the end use, the hospitals segment accounted for the largest market share of 74.23% in 2023 attributed to patient care and safety.
- In 2023, North America dominated with a share of 43.69% due to the rising prevalence of chronic diseases, rapid adoption of technological advancements, and rising elderly population.
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Moreover, supportive government policies and increased healthcare expenditure in emerging economies provide a conducive environment for market expansion. Governments in these regions are investing heavily in healthcare infrastructure and making concerted efforts to improve access to advanced medical treatments. This financial backing not only aids in the procurement of sophisticated medical devices but also supports training programs for healthcare providers, ensuring the effective utilization of these technologies. Moreover, the growing trend of minimally invasive surgeries, which offer reduced recovery times and lower risk of complications, is driving the preference for advanced plaque modification and removal technologies. These surgeries are less traumatic for patients and allow for a quicker return to normal activities, making them highly attractive options. Collectively, these factors contribute to a robust growth trajectory for the plaque modification and removal devices market.
List of Major Companies in the Plaque Modification And Removal Devices Market
- Boston Scientific Corporation
- Abbott
- Medtronic
- Becton, Dickinson, and Company
- Koninklijke Phillips N.V.
- Stryker
- AngioDynamics
- Microvention, Inc. (Terumo Corporation)
- Penumbra, Inc.
- REX MEDICAL
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We have segmented the global plaque modification and removal devices market based on product, application, end use, and region.
Plaque Modification And Removal Devices by Product Outlook
- Atherectomy Devices
- Thrombectomy Devices
- Chronic Total Occlusion Devices
- Embolic Protection Devices
Plaque Modification And Removal Devices by Application Outlook
- Coronary Artery Disease
- Peripheral Artery Disease
Plaque Modification And Removal Devices by End-use Outlook
- Hospitals
- Ambulatory Surgical Centers
- Others
Plaque Modification And Removal Devices by Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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