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Peripheral Directional Atherectomy System Market Know the Scope and Trends
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 devices play a crucial role in removing plaque and thrombus from arteries, aiding in the treatment of coronary and peripheral artery diseases (PAD). The Peripheral Directional Atherectomy System is designed to restore blood flow by precisely targeting arterial blockages, providing an effective and minimally invasive treatment solution.
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-
Shift Toward Outpatient Procedures: The healthcare industry is increasingly focusing on minimally invasive treatments to reduce costs and improve patient experience. Peripheral directional atherectomy procedures align with this trend by enabling shorter hospital stays and same-day discharges. Rising Aging Population and Vascular Diseases: As global aging rates increase, there is a corresponding rise in conditions like peripheral artery disease (PAD). This drives the demand for advanced interventions such as atherectomy systems to manage and treat vascular blockages. Technological Advancements in Atherectomy Devices: Continuous medical innovations have led to the development of more precise, efficient, and safer peripheral directional atherectomy systems. These improvements enhance plaque removal accuracy, improve patient outcomes, and expand market adoption.
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Challenges:
Regulatory and Cost Barriers: Stringent approval regulations and the high cost of atherectomy devices may slow market expansion. Shortage of Skilled Healthcare Professionals: A lack of trained personnel proficient in using atherectomy systems could limit widespread adoption in certain regions. Reimbursement Issues: The high cost of procedures may restrict patient access, emphasizing the need for adequate insurance coverage to support market growth.
Regional Trends:
North America: Expected to dominate the peripheral directional atherectomy market due to technological advancements, increasing prevalence of PAD, and a well-established healthcare system. Asia Pacific: A growing aging population, rising incidence of cardiovascular diseases, and increasing awareness of advanced vascular treatments contribute to market expansion in this region. With ongoing innovations and increasing awareness of PAD management, the peripheral directional atherectomy market is set for continued growth, ensuring better vascular care and improved patient outcomes worldwide.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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