Peripheral Directional Atherectomy System Market Research Report 2023 | InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Peripheral Directional Atherectomy System Market- (By End Users (Hospitals, Cardiac Centers, Ambulatory Care Centers)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Peripheral Directional Atherectomy System Market is expected to show a CAGR of 5.82% during a forecast period of 2023-2031.

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Atherectomy tools are used to remove plaque and thrombus from the arteries. Disorders of the coronary and peripheral arteries are treated with the Peripheral Directional Atherectomy System. Blood flow is restricted in the arteries due to plaque or thrombus formation. To streamline the process, a patient must have an atherectomy, necessitating the usage of atherectomy technology. There is a growing trend in healthcare to perform more procedures on an outpatient basis to reduce costs and improve patient comfort. Peripheral directional Atherectomy System often allows for shorter hospital stays or same-day procedures, aligning with this trend. The rising incidence of peripheral artery disease, often associated with ageing, diabetes, smoking, and other lifestyle factors, has driven the demand for effective treatment options. The peripheral directional atherectomy system offers a minimally invasive approach to managing PAD and restoring blood flow in affected arteries. Improved imaging technologies allow for better visualization of arterial structures and plaque buildup. This enhances the precision and safety of peripheral directional atherectomy procedures, making them more appealing to patients and physicians.

List of Prominent Players in the Peripheral Directional Atherectomy System Market:
• Medtronic (Ireland)
• Koninklijke Philips N.V. (Netherlands)
• Cardinal Health. (US)
• Cardiovascular Systems, Inc. (US)
• Boston Scientific Corporation (US)
• Minestrone Medical Inc. (US)
• Avinger(US)

Market Dynamics:
Drivers-
There is a growing trend in healthcare to perform more procedures on an outpatient basis to reduce costs and improve patient comfort. Peripheral directional Atherectomy System often allows for shorter hospital stays or same-day procedures, aligning with this trend. The global ageing population is more susceptible to vascular diseases like PAD. As the elderly population rapidly grows, the demand for interventions to manage and treat these conditions, including atherectomy, will likely increase. Ongoing advancements in medical device technology have led to the development of a more sophisticated and efficient peripheral directional Atherectomy System. These advancements improve plaque removal's precision, effectiveness, and safety, enhancing patient outcomes and expanding the market.

Challenges:
The peripheral directional atherectomy systems market is expected to experience slow growth during the targeted period due to rigorous regulations and higher product costs. However, the shortage of qualified healthcare workers could soon pose additional obstacles to the Peripheral Directional Atherectomy Systems market. Adoption may be hampered by the price of peripheral directional atherectomy procedures, including the device's cost. For these procedures to be used often, which hampers the growth of the market, it is essential to ensure adequate compensation from healthcare payers.

Regional Trends:
The North American peripheral Directional Atherectomy System market is expected to register a tremendous market share. Ongoing advancements in medical device technology have led to an increase in the development of more sophisticated and efficient peripheral directional Atherectomy Systems. These advancements improve plaque removal's precision, effectiveness, and safety, enhancing patient outcomes and expanding the market. Besides, the Asia Pacific region had a substantial share of the market. The ageing population, the increasing prevalence of cardiovascular diseases, and rising awareness of advanced technological medical treatments contributed to the demand for innovative solutions to address peripheral artery disease (PAD).

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Recent Developments:
• In Feb 2023- Abbott announced a definitive agreement to buy Cardiovascular Systems, Inc. (CSI), a medical device business with a novel atherectomy technology for peripheral and coronary artery disease. CSI shareholders will get $20 per common share at a projected equity value of $890 million under the arrangement.

Segmentation of Peripheral Directional Atherectomy System Market-
By End Users-
• Hospitals
• Cardiac Centers
• Ambulatory Care Centers

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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