According to the report “Global Peripheral Vascular Device Market,” published by Market Data Forecast, the global market is projected to reach USD 10249.1 million by 2021 from USD 7239.6 million in 2016, at a CAGR of 7.2% from 2016 to 2021.
Peripheral vascular disease is a condition characterized by damage to or blockage in the peripheral blood vessels. This disease may result in the form of blood clots such as deep vein thrombosis, inflammation, or narrowing and blockage of the blood vessels. In case the peripheral vascular disease affects only the arteries, the condition is known as PAD. PAD is also considered one of the most serious complications in patients with diabetes. It is characterized by narrowed arteries due to the accumulation of plaques (composed of fat, cholesterol, and fibrous tissue) that results in reduced blood flow to the brain, organs, and limbs, especially the legs. PAD is known to increase the risk of stroke and heart attack by up to six times. The devices used for the treatment of peripheral vascular disease include stents, balloon catheters, CTO, atherectomy devices, venacava filters, and grafts.
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Global Peripheral Vascular Device Market: Drivers & Restraints
The global peripheral vascular device market will be driven by the rising interest for minimally invasive strategies, upsurge of peripheral vascular diseases, change in way of life and maturing population and the innovative technology in the development of new devices. Be that as it may, the market is limited by stringent administrative framework, repayment issues in many developing nations and highly fragmented market.
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Global Peripheral Vascular Device market: Segmentation
- Normal balloon
- Cutting balloon
- Scoring balloon
- Drug coated balloon
- Material Used
- Non-Compliant Balloons
- Semi-Compliant Balloons
- Ballon expandable stent
- Self expandable stents
- Covered stents
- Neurological Disorders
- Immunological Disorders
- Other Diseases
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Global Peripheral Vascular Device market: Overview
Innovative new technologies for the treatment of peripheral vascular lesions are improving patient outcomes and expanding the range of patient anatomies that can be endovascularly treated. The commercialization of recently approved technologies, such as drug-coated balloons (DCBs), and the increasing penetration rate of established, premium-priced technologies, such as detachable coils and stent grafts, will cause the value of the peripheral vascular device market to grow rapidly.
Meanwhile, the availability of increasingly sophisticated technology has improved patient outcomes and broadened the range of patient anatomies that can be endovascularly treated. The subsequent rise in procedural volume has applied upward pressure on the value of the market for peripheral vascular devices.
Global Peripheral Vascular Device market: Region-wise Outlook
Geographically, the peripheral vascular device market can be segmented into Europe, North America, Middle East and Africa, Asia-Pacific and Latin America. The developing utilization of bio-absorbable stents and Increasing expendables and rise in health awareness are some market opportunities for the sellers. However, the cost of the technique particularly in developing nations and product failures which have been accounted for many small players are some key challenges.
Key Questions Answered
- What is the current and future Peripheral Vascular Devices market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Peripheral Vascular Devices space globally?
- What are the key, high growth markets that Peripheral Vascular Device manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Peripheral Vascular Devices currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook Peripheral Vascular Devices?
- What are the challenges and barriers that have hindered widespread adoption of Peripheral Vascular Devices?
Global Peripheral Vascular Device market: Key Players
The key market players in the worldwide scenario are Abbot Laboratories, Angioscore, Boston Scientific Corporation, Bayer AG, Emboline INC among numerous others.
Reasons to buy Global Peripheral Vascular Device market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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