Transparency Market Research has published a new report on the global peripheral vascular devices market. As per the report, the global peripheral vascular devices market is expected to grow from US$4.8 bn in 2011 to US$7.8 bn by 2018. The report, titled ‘Peripheral Vascular Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018’, states that the global peripheral vascular devices market is expected to expand at a 7.10% CAGR during the period from 2012 to 2018.
Browse the full Peripheral Vascular Devices Market (Peripheral Vascular Stents, PTA Balloon Catheters, Guidewires, IVC Filters, Atherectomy, Chronic Total Occlusion, Embolic Protection Devices, Synthetic Surgical Grafts, Aortic Stents) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018 report at https://www.transparencymarketresearch.com/peripheral-vascular-devices-market.html
Peripheral vascular disease is caused by the narrowing of the arteries outside of the heart and brain. Some of the factors responsible for the occurrence of peripheral vascular disease are hypertension, diabetes, obesity, and smoking. Growth in ageing population is the primary factor responsible for the growth of peripheral vascular disease globally. More than 5% of people aged above 50 years suffer from peripheral vascular disease globally. Peripheral vascular devices are commonly used to treat peripheral vascular diseases.
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As per estimations made in 2014, globally, around 20% of the population above 65 years is diagnosed with peripheral vascular disease every year. Changing lifestyles and rise in diabetes and smoking have resulted in the increased incidence of peripheral vascular diseases, thus propelling the global peripheral vascular devices market. Rising demand for minimally invasive endovascular procedures and a rise in the number of specialists treating peripheral vascular diseases is expected to propel the global peripheral vascular devices market in the years to come.
The global peripheral vascular devices market is segmented on the basis of product and geography. Based on product, the global peripheral vascular devices market is classified into peripheral vascular stents, PTA guidewires, chronic total occlusion devices, peripheral transluminal angioplasty balloon catheters, aortic stents, embolic protection devices, inferior vena cava filters, and synthetic surgical grafts. By product, the global peripheral vascular devices market is analyzed by considering factors such as the number of procedures performed, the cost of devices, and reimbursement policies. In 2011, the embolic protection devices segment was the largest segment in terms of revenue.
By geography, the global peripheral vascular devices market is divided into Europe, North America, Asia Pacific, and Rest of the World. In 2011, North America accounted for the largest share, followed by Asia Pacific. Abbott Laboratories, Boston Scientific Corporation, Cook Group, Inc., Edward Lifesciences Corporation, Volcano Corporation, Angioscore, Inc., C.R. Bard Inc., Cordis Covidien plc, Medtronic, and St. Jude Medical, are some of the leading companies in the global peripheral vascular devices market. The global peripheral vascular devices market is anticipated to be highly competitive in the years to come due to the entry of new companies and introduction of new devices by the new entrants.
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Infections from peripheral vascular devices, the high cost of the devices, and strict approval procedures are some of the factors expected to impact the growth of the global peripheral vascular devices market in the coming few years.
Growth of the global peripheral vascular devices market is fuelled by the rate of population growth globally and the high incidence of peripheral vascular diseases due to increasing aging population. Rising healthcare awareness and increasing disposable incomes are other important factors driving the growth of the market.
Key players such as Abbott Laboratories, Cordis Corporation and Boston Scientific Corporation dominate the market with their global presence. With the increasing aging population in developed economies such as North America and Europe, the demand for peripheral vascular devices would also increase. Asia-Pacific will record a high CAGR, due to the continuous increase in population as well as disposable incomes. Economic growth and technological advancements are primary factors stimulating the growth of peripheral vascular devices market in Asia-Pacific region. Global Peripheral Vascular Devices Market, by Product Types, 2011 (USD Million).
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