The Peripheral Directional Atherectomy System Market Size is predicted to witness a 5.82 % CAGR during the forecast period for 2023-2031.
Atherectomy devices eliminate plaque and blood clots from within the arteries. Both peripheral and coronary artery atherosclerosis are addressed using these Peripheral Directional Atherectomy Systems. The accumulation of plaque or blood clots within the arteries leads to the obstruction of normal blood flow. The swift onset of the COVID-19 pandemic resulted in the postponement or cancellation of various elective cardiovascular procedures to minimize the risk of coronavirus transmission during hospital visits. Moreover, the impact on the supply chain was intensified by reduced disposable income.
Nonetheless, a positive influence on the market is anticipated once the pandemic subsides. Continuous progress in the realm of medical device technology has given rise to the creation of a more sophisticated and efficient peripheral directional Atherectomy System. These advancements enhance plaque removal's precision, efficacy, and safety, ultimately improving patient outcomes and expanding the market scope.
However, a shortage of skilled healthcare professionals might soon present additional challenges to the peripheral directional atherectomy system market. Due to pricing considerations, adopting peripheral directional atherectomy procedures, including the associated device costs, could face obstacles. Furthermore, the rising incidence of peripheral arterial diseases will offer potential growth opportunities for the Peripheral Directional Atherectomy System market in the forthcoming years.
Some Major Key Players In The Peripheral Directional Atherectomy System Market:
Market Segmentation:
The peripheral directional atherectomy system market is segmented based on end users. The market is segmented based on end-users into hospitals, cardiac centers and ambulatory care centres.
The hospital category will hold a major share in the global peripheral directional atherectomy system market 2022. clinical efficacy, patient preferences, technological advancements, and the potential for improved patient outcomes and operational efficiencies drive hospitals' increasing demand for peripheral directional atherectomy systems. Hospitals recognize the value of these systems in addressing peripheral arterial diseases while aligning with their commitment to quality patient care. As awareness about peripheral arterial diseases and available treatment options grows, patients and healthcare professionals are more likely to explore advanced solutions like peripheral directional atherectomy systems. This heightened awareness contributes to the overall demand for these systems.
The North America Peripheral Directional Atherectomy System market is expected to register the highest share. Collaboration between hospitals and medical device manufacturers can drive the development and customization of atherectomy systems that align with specific hospital needs. This collaboration ensures that the systems integrate seamlessly into hospital workflows and patient care pathways, accelerating the growth in this regionIn addition, the Asia Pacific regional market is projected to develop rapidly in the global Peripheral Directional Atherectomy System market. Cultural perceptions of medical treatments and interventions can influence patient and physician preferences. Economic considerations, including healthcare budgets and reimbursement policies, also played a role in adopting new medical technologies.
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 5.82 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By End-Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), Cardinal Health. (US), Cardiovascular Systems, Inc. (US), Boston Scientific Corporation (US), Minestrone Medical Inc. (US), Avinger (US) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Peripheral Directional Atherectomy System Market Snapshot
Chapter 4. Global Peripheral Directional Atherectomy System Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact Analysis
Chapter 5. Market Segmentation 1: By End-Use Estimates & Trend Analysis
5.1. By End-Use & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End-Use:
5.2.1. Hospitals
5.2.2. Cardiac Centers
5.2.3. Ambulatory Surgical Centers
Chapter 6. Peripheral Directional Atherectomy System Market Segmentation 2: Regional Estimates & Trend Analysis
6.1. North America
6.1.1. North America Peripheral Directional Atherectomy System Market revenue (US$ Million) estimates and forecasts By End-Use, 2023-2031
6.1.2. North America Peripheral Directional Atherectomy System Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
6.1.2.1. U.S.
6.1.2.2. Canada
6.2. Europe
6.2.1. Europe Peripheral Directional Atherectomy System Market revenue (US$ Million) By End-Use, 2023-2031
6.2.2. Europe Peripheral Directional Atherectomy System Market revenue (US$ Million) By country, 2023-2031
6.2.2.1. Germany
6.2.2.2. Poland
6.2.2.3. France
6.2.2.4. Italy
6.2.2.5. Spain
6.2.2.6. UK
6.2.2.7. Rest of Europe
6.3. Asia Pacific
6.3.1. Asia Pacific Peripheral Directional Atherectomy System Market revenue (US$ Million) By End-Use, 2023-2031
6.3.2. Asia Pacific Peripheral Directional Atherectomy System Market revenue (US$ Million) By country, 2023-2031
6.3.2.1. China
6.3.2.2. India
6.3.2.3. Japan
6.3.2.4. Australia
6.3.2.5. Rest of Asia Pacific
6.4. Latin America
6.4.1. Latin America Peripheral Directional Atherectomy System Market revenue (US$ Million) By End-Use, 2023-2031
6.4.2. Latin America Peripheral Directional Atherectomy System Market revenue (US$ Million) By country, (US$ Million) 2023-2031
6.4.2.1. Brazil
6.4.2.2. Rest of Latin America
6.5. Middle East & Africa
6.5.1. Middle East & Africa Peripheral Directional Atherectomy System Market revenue (US$ Million) By End-Use, (US$ Million)
6.5.2. Middle East & Africa Peripheral Directional Atherectomy System Market revenue (US$ Million) By country, (US$ Million) 2023-2031
6.5.2.1. South Africa
6.5.2.2. GCC Countries
6.5.2.3. Rest of MEA
Chapter 7. Competitive Landscape
7.1. Major Mergers and Acquisitions/Strategic Alliances
7.2. Company Profiles
7.2.1. Medtronic (Ireland)
7.2.2. Koninklijke Philips N.V. (Netherlands)
7.2.3. Cardinal Health. (US)
7.2.4. Cardiovascular Systems, Inc. (US)
7.2.5. Boston Scientific Corporation (US)
7.2.6. Minestrone Medical Inc. (US)
7.2.7. Avinger(US)
Peripheral Directional Atherectomy System Market By End Users-
Peripheral Directional Atherectomy System Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
