Orbital Atherectomy Market Size And Forecast by 2031
The orbital atherectomy market is expected to witness market growth at a rate of 6.05% in the forecast period of 2021 to 2028.
Orbital Atherectomy Market research report provides a comprehensive analysis of the market. The report aims to provide insights into Orbital Atherectomy Market trends, growth opportunities, key drivers and challenges, competitive landscape, and other crucial factors that may impact the market in the forecast period (2024-2031).
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Which are the top companies operating in the Orbital Atherectomy Market?
The study report on the Global Orbital Atherectomy Market offers a comprehensive analysis of the industry, highlighting key trends, market dynamics, and competitive landscape. It profiles prominent organizations operating in the market, examining their successful strategies and market share contributions. This Orbital Atherectomy Market report provides the information of the Top 10 Companies in Orbital Atherectomy Market in the market their business strategy, financial situation etc.
**Segments**
- By Type: The global orbital atherectomy market can be segmented by type into peripheral and coronary. Peripheral atherectomy is further categorized into rotational atherectomy, orbital atherectomy, directional atherectomy, and laser atherectomy. On the other hand, coronary atherectomy includes rotational atherectomy, orbital atherectomy, directional atherectomy, and laser atherectomy. The peripheral segment is expected to witness significant growth due to the increasing prevalence of peripheral artery disease (PAD) worldwide.
- By End-User: The market can also be segmented based on end-users, which include hospitals, ambulatory surgical centers, and specialty clinics. Hospitals are anticipated to hold a substantial market share owing to the high volume of atherectomy procedures performed in hospital settings.
- By Geography: Geographically, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is expected to dominate the market due to well-established healthcare infrastructure, increasing prevalence of cardiovascular diseases, and higher adoption rates of advanced medical technologies.
**Market Players**
- Boston Scientific Corporation: A key player in the global orbital atherectomy market, Boston Scientific offers the Diamondback 360 Coronary Orbital Atherectomy System and the Diamondback 360 Peripheral Orbital Atherectomy System. The company focuses on innovation and strategic partnerships to enhance its product portfolio and market presence.
- Cardiovascular Systems Inc.: Another prominent player, Cardiovascular Systems Inc., provides the Diamondback 360 Peripheral Orbital Atherectomy System. The company has a strong focus on research and development to introduce advanced atherectomy solutions for better patient outcomes.
- Medtronic: With its HawkOne Atherectomy System, Medtronic is a significant contributor to the market. The company emphasizes continuous improvement and technological advancements to address the evolving needs of healthcare providers and patients.
- Philips Healthcare: Philips Healthcare offers the Volcano Visions PV .035 Digital IVBoston Scientific Corporation, Cardiovascular Systems Inc., Medtronic, and Philips Healthcare are prominent players in the global orbital atherectomy market. These companies play a crucial role in driving innovation, research, and development in the field of atherectomy systems. Boston Scientific Corporation, known for its Diamondback 360 Coronary and Peripheral Orbital Atherectomy Systems, emphasizes strategic partnerships to enhance its product offerings and expand its market reach. Similarly, Cardiovascular Systems Inc. focuses on R&D to introduce advanced atherectomy solutions, particularly with its Diamondback 360 Peripheral Orbital Atherectomy System. Medtronic, with its HawkOne Atherectomy System, is dedicated to continuous improvement and technological advancements to meet the evolving needs of healthcare providers and patients. Philips Healthcare, offering the Volcano Visions PV .035 Digital IV, brings unique insights to the market, contributing to the overall growth and development of atherectomy technologies.
The global orbital atherectomy market is witnessing significant growth, driven by various factors such as the rising prevalence of peripheral artery disease (PAD) globally, the increasing adoption of minimally invasive procedures, and advancements in healthcare infrastructure. Peripheral atherectomy procedures, including rotational, orbital, directional, and laser atherectomy, are gaining traction due to their effectiveness in treating PAD. The coronary segment, which also includes these types of atherectomy procedures, is expected to show steady growth as well.
In terms of end-users, hospitals are projected to dominate the market due to the high volume of atherectomy procedures performed in hospital settings. Ambulatory surgical centers and specialty clinics also play a vital role in providing atherectomy treatments, contributing to the overall market growth. Geographically, North America is anticipated to lead the market, driven by its well-established healthcare infrastructure, high prevalence of cardiovascular diseases, and the rapid adoption of advanced medical technologies. Europe, Asia-Pacific, South America, and the Middle East & Africa regions are also expected to experience growth in the orbital**Market Players**
- Cardiovascular Systems, Inc.
- Mercator MedSystems
- Medtronic
- Koninklijke Philips N.V
- Boston Scientific Corporation
- BIOTRONIK, Inc.
- BD
- Avinger
- Straub Medical AG
- Cardinal Health
- Minnetronix Medical
- Biomerics
- Ra Medical Systems
- Terumo Corporation
- Abbott
The major players in the orbital atherectomy market are continuously striving to innovate and develop advanced technologies to meet the evolving needs of healthcare providers and patients. Cardiovascular Systems, Inc., Mercator MedSystems, and Medtronic are some of the key players driving growth in this market. Koninklijke Philips N.V. and Boston Scientific Corporation are also significant contributors, leveraging strategic partnerships and research and development efforts to enhance their product portfolios. BIOTRONIK, Inc. and BD are players focusing on advanced atherectomy solutions, while Avinger and Straub Medical AG are bringing unique insights to the market.
**Market Analysis**
The global orbital atherectomy market is experiencing substantial growth driven by factors such as the increasing prevalence of peripheral artery disease (PAD) worldwide and the growing adoption of minimally invasive procedures. Peripheral atherectomy, including rotational, orbital, directional, and laser procedures, is gaining traction for its effectiveness in treating PAD. The coronary segment, offering similar types of atherectomy procedures, is also expected to exhibit steady growth.
Hospitals
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Regional Analysis For Orbital Atherectomy Market
North America (the United States, copyright, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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This report provides Global Orbital Atherectomy Market :
- An in-depth overview of the global market for
- Orbital Atherectomy Market Assessment of the global industry trends, historical data from 2015, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
- Discoveries of new market prospects and targeted marketing methodologies for Global Orbital Atherectomy Market
- Discussion of R&D, and the demand for new products launches and applications.
- Wide-ranging company profiles of leading participants in the industry.
- The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
- The growth in patient epidemiology and market revenue for the market globally and across the key players and Orbital Atherectomy Market segments.
- Study the market in terms of generic and premium product revenue.
- Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
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