As per MRFR analysis, the India Atherectomy Devices Market Size was estimated at 83.5 (USD Million) in 2023.The India Atherectomy Devices Market is expected to grow from 87.48(USD Million) in 2024 to 150 (USD Million) by 2035. The India Atherectomy Devices Market CAGR (growth rate) is expected to be around 5.024% during the forecast period (2025 - 2035).
Key India Atherectomy Devices Market Trends Highlighted
The market for atherectomy devices in India is showing several noteworthy developments that are indicative of the changing cardiovascular care industry. The rising incidence of cardiovascular illnesses, which is fueled by dietary choices that contribute to ailments like diabetes and hypertension as well as changes in lifestyle and urbanization, is one of the major market drivers.
There are plenty of chances to increase demand for sophisticated atherectomy devices as the population ages and health consciousness increases. Improvements in this field are also being fueled by government programs that assist healthcare infrastructure and the implementation of advantageous laws. Minimally invasive procedures are becoming more and more popular in India, according to recent trends.
These methods are preferred by both patients and healthcare workers since they usually lead to faster healing periods and fewer hospital stays. Treatment paradigms are also changing as a result of the emergence of technologically sophisticated technologies like rotational atherectomy systems and lasers.
Additionally, there is an increasing focus on educating and training qualified medical personnel to use these cutting-edge tools efficiently, improving patient outcomes. Expanding the use of atherectomy devices in different healthcare environments, such as rural places where access to cutting-edge cardiac care is still difficult, presents opportunities.
Partnerships between healthcare practitioners and medical device makers can increase device knowledge and availability, enabling more patients to get cutting-edge therapies. The market may see significant increase as a result of India's continued emphasis on clinical research and trials, which may encourage the use of atherectomy devices.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Atherectomy Devices Market Drivers
Increasing Prevalence of Cardiovascular Diseases
The rise in the incidence of cardiovascular diseases in India is a significant driver for the India Atherectomy Devices Market. According to the Indian Heart Association, cardiovascular diseases are responsible for about 27% of deaths in India, translating to approximately 1.6 million deaths annually.
This alarming statistic is primarily due to lifestyle changes, such as increased tobacco usage, unhealthy dietary habits, and sedentary lifestyles. The Government of India has launched various initiatives like the National Programme for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS), which aim to reduce the burden of these diseases.
These initiatives and the alarming rates of cardiovascular diseases present a substantial market potential for atherectomy devices, as these devices are vital in treating conditions such as atherosclerosis, which is prevalent in patients with cardiovascular issues.
Advancements in Medical Technology
Technological advancements in medical devices, particularly in atherectomy techniques, play a crucial role in fostering growth in the India Atherectomy Devices Market. Companies like Boston Scientific and Medtronic are investing heavily in Research and Development (R&D) to innovate and improve atherectomy devices.
For instance, the recent introduction of advanced directional atherectomy devices that offer precision targeting of artery blockages has shown promising results.
As per the Ministry of Electronics and Information Technology, the Government of India emphasizes digital health transformation, supporting the adoption of innovative healthcare technologies. The adoption of these cutting-edge devices is anticipated to lead to a higher success rate in cardiovascular interventions, paving the way for increased sales in the atherectomy device market.
Government Initiatives and Healthcare Policies
The Government of India has been proactive in enhancing healthcare access and affordability, which indirectly supports the growth of the India Atherectomy Devices Market. Initiatives like Ayushman Bharat aim to provide affordable healthcare to the underprivileged population, increasing the demand for advanced medical devices, including atherectomy tools.
According to the National Health Authority, Ayushman Bharat aims to cover over 500 million individuals, significantly expanding the patient pool requiring cardiovascular treatments.
Furthermore, the supportive healthcare policies promote better procurement processes for advanced medical devices within hospitals. As more healthcare facilities adopt these policies, the reliance on effective devices such as atherectomy products will likely surge.
India Atherectomy Devices Market Segment Insights
Atherectomy Devices Market Type Insights
The India Atherectomy Devices Market is categorized into various types that significantly influence its overall structure and dynamics. Among these, Directional Atherectomy Devices have emerged as essential tools for minimally invasive procedures, providing physicians with the ability to precisely remove plaque from arteries.
This segmentation allows for improved patient outcomes, reducing recovery times and hospitalization durations. Orbital Atherectomy Devices use a unique mechanism to reshape or remove plaque, which is particularly effective in treating heavily calcified lesions that are often challenging with conventional methods.
Their ability to treat complex arterial blockages makes them a preferred choice among healthcare providers. Laser Atherectomy Devices are also gaining traction due to their effectiveness in precise tissue ablation, offering significant advantages in terms of reduced trauma and quick recovery for patients.
The advanced technology used in these devices not only allows for greater efficacy but also enhances safety during surgical procedures. Rotational Atherectomy Devices are notable for their high-speed rotation capability that efficiently removes atherosclerotic material, making them a critical option for interventional cardiologists dealing with varied lesion types.
The competitive landscape within the India Atherectomy Devices Market indicates a growing demand for these innovative solutions as they align with the healthcare trends towards less invasive and more effective treatments.
As India's healthcare infrastructure continues to expand and improve, the focus on safe and efficient cardiac procedures places these devices in a position of significance, driving market growth and adoption in hospitals and specialized clinics across the country.
The ongoing developments in this market reflect a commitment to enhancing the quality of care for patients with cardiovascular diseases, contributing to overall healthcare advancements in India.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Atherectomy Devices Market Application Insights
The Application segment of the India Atherectomy Devices Market is witnessing notable growth due to increasing incidences of cardiovascular diseases in the country. Coronary Artery Disease, being a leading cause of morbidity and mortality, plays a pivotal role in driving demand for atherectomy devices.
Peripheral Artery Disease also significantly contributes to the increase in procedures, as it affects a large portion of the aging population and those with risk factors such as diabetes and hypertension prevalent in India. Furthermore, Carotid Artery Disease presents unique challenges and remains critical for preventing strokes.
The rising awareness around these health issues have led to a heightened focus on innovative medical technologies, contributing to the overall market growth. In addition, government initiatives aimed at improving healthcare infrastructure and access for patients further underscore the trends of enhanced diagnostics and therapeutics within these areas.
As a result, the market benefits from a supportive environment that encourages advancements in atherectomy devices tailored to treat these conditions effectively. All these factors combined establish a robust foundation for the India Atherectomy Devices Market, making the Applications segment significantly important in driving current and future developments.
Atherectomy Devices Market End-user Insights
The End-user segment of the India Atherectomy Devices Market plays a crucial role in the growth and accessibility of treatment solutions in cardiovascular care. Within this segment, Hospitals represent a significant portion as they provide comprehensive services and advanced technology necessary for effective patient management.
Cardiac Catheterization Labs are essential for performing minimally invasive procedures, offering specialized infrastructure that supports the adoption of atherectomy devices, thereby improving patient outcomes. Ambulatory Surgical Centers are gaining traction due to the shift towards outpatient care, enabling quicker recovery times and reducing healthcare costs for patients.
The rise in cardiovascular diseases and the aging population in India further drive the demand for these end-user facilities. With government initiatives encouraging technological advancement and increased healthcare spending, there are ample opportunities for market growth in these establishments.
The India Atherectomy Devices Market segmentation reflects these trends, highlighting the vital role each end-user plays in shaping the industry landscape and promoting better cardiovascular health among the population.
Atherectomy Devices Market Material Insights
The India Atherectomy Devices Market has been significantly shaped by its Material segment, which predominantly includes Stainless Steel, Polymers, and Composites. Stainless Steel is known for its strength and corrosion resistance, making it a popular choice in the manufacturing of atherectomy devices, as it ensures durability and reliability during procedures.
Polymers, on the other hand, are gaining traction due to their lightweight nature and flexibility, contributing to patient comfort and ease of device handling. Composites, representing a blend of different materials, offer enhanced performance characteristics, catering to specific clinical requirements.
The trends in this market reflect a shift towards materials that not only ensure effectiveness but also prioritize patient safety and ease of use for healthcare professionals. With the increasing prevalence of cardiovascular diseases in India, the demand for advanced atherectomy devices remains on the rise, driving the focus on innovative materials that can improve procedural outcomes.
As such, the Material segment plays a critical role in the overall growth and advancement of the India Atherectomy Devices Market.
India Atherectomy Devices Market Key Players and Competitive Insights
The India Atherectomy Devices Market has emerged as a critical sector within the healthcare industry, largely driven by the increasing prevalence of cardiovascular diseases and the growing demand for advanced minimally invasive procedures.
The competitive landscape is characterized by several key players who are actively engaged in technological innovations and strategic partnerships to gain market share. These companies are not only focusing on product development but are also increasingly investing in research and development to enhance the efficacy and safety of atherectomy devices.
Additionally, regulatory compliance and market entry strategies, especially related to the complexities of the Indian medical device regulations, play a pivotal role in shaping the dynamics of competition within this sector. As the market evolves, companies with robust distribution networks and extensive clinical expertise are poised to emerge as leaders.
Spectranetics has established a significant presence in the Indian Atherectomy Devices Market by focusing on the development of innovative technologies aimed at improving patient outcomes. The company has successfully positioned itself with a strong product portfolio that includes various atherectomy systems tailored for treating peripheral artery diseases and coronary artery disease.
With a commitment to addressing the specific needs of the Indian healthcare ecosystem, Spectranetics has leveraged its cutting-edge technologies to establish a competitive edge. Its strengths lie in its well-trained sales force, extensive clinical data supporting its devices, and strategic collaborations with healthcare professionals.
These factors have allowed Spectranetics to resonate well within the Indian market while enhancing healthcare providers’ trust in its offerings.
Abbott Laboratories has made substantial inroads into the India Atherectomy Devices Market, supported by its comprehensive range of cardiovascular products that incorporate atherectomy solutions. The company has built a strong reputation for its advanced technologies that are designed to improve patient outcomes and expand treatment options for cardiac conditions.
Key products in its portfolio include innovative devices that employ unique mechanisms for the safe and effective removal of arterial plaque. Abbott's strength lies in its established market presence, innovative research initiatives, and collaborations with local healthcare institutions.
The company has engaged in strategic mergers and acquisitions to bolster its capabilities in the region, thereby enhancing its competitive landscape. By streamlining its operations and focusing on localized manufacturing, Abbott has managed to cater effectively to the nuances of the Indian healthcare market, which further solidifies its position as a prominent player in the atherectomy devices arena.
Key Companies in the India Atherectomy Devices Market Include:
India Atherectomy Devices Market Developments
In the India Atherectomy Devices Market, recent developments indicate a growing focus on technological advancements and regulatory approvals. In July 2023, Abbott Laboratories announced the launch of its new minimally invasive atherectomy system, aimed at enhancing treatment options for patients with peripheral artery disease.
Boston Scientific also made strides in the market by expanding its portfolio of atherectomy devices, reflecting an increasing demand for innovative solutions in cardiovascular care. Notably, in September 2022, Medtronic received approval for its advanced atherectomy devices, further establishing its presence in India.
The market has seen consolidation activities as well, with Cordis and Terumo engaging in strategic partnerships to enhance product offerings. In terms of mergers and acquisitions, no significant transactions have been recorded recently among the key players like Spectranetics, AngioDynamics, or B. Braun in India.
The overall growth in the atherectomy devices market is being driven by an increased prevalence of cardiovascular diseases in the Indian population, alongside government initiatives aimed at improving healthcare infrastructure. As of recent reports, growth in market valuation within this sector is projected to continue, reflecting robust opportunities for both domestic and multinational companies.
India Atherectomy Devices Market Segmentation Insights
Atherectomy Devices Market Type Outlook
Atherectomy Devices Market Application Outlook
Atherectomy Devices Market End-user Outlook
Atherectomy Devices Market Material Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 83.5(USD Million) |
| MARKET SIZE 2024 | 87.48(USD Million) |
| MARKET SIZE 2035 | 150.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.024% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Spectranetics, Abbott Laboratories, Boston Scientific, Terumo, B. Braun, AngioDynamics, Medtronic, Cordis, Philips, iVascular, Hercules Medical, Avinger, Biotronik, Cardinal Health |
| SEGMENTS COVERED | Type, Application, End User, Material |
| KEY MARKET OPPORTUNITIES | Rising prevalence of cardiovascular diseases, Increasing elderly population demand, Technological advancements in device design, Growing awareness and education initiatives, Expansion of healthcare infrastructure and access |
| KEY MARKET DYNAMICS | Increasing prevalence of cardiovascular diseases, Rising geriatric population, Technological advancements in devices, Growing healthcare expenditure, Government initiatives for healthcare improvement |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Atherectomy Devices Market is expected to be valued at 87.48 million USD in the year 2024.
By the year 2035, the India Atherectomy Devices Market is projected to reach a value of 150.0 million USD.
The expected compound annual growth rate (CAGR) for the India Atherectomy Devices Market is 5.024% during the period from 2025 to 2035.
In 2035, the Directional Atherectomy Devices segment is expected to have the largest market value, projected at 42.5 million USD.
Key players in the India Atherectomy Devices Market include Spectranetics, Abbott Laboratories, Boston Scientific, Terumo, B. Braun, AngioDynamics, and others.
The Laser Atherectomy Devices segment is valued at 22.0 million USD in the year 2024.
Growth opportunities in the market are driven by advancements in technology and increasing prevalence of cardiovascular diseases.
The market for Orbital Atherectomy Devices is expected to grow to 35.0 million USD by the year 2035.
In 2024, the Rotational Atherectomy Devices segment is valued at approximately 20.48 million USD.
Challenges in the market include stringent regulatory requirements and high costs associated with advanced devices.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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