The global peripheral
vascular devices market is expected to reach USD 8,918.8 million
by 2020, growing at an estimated CAGR of 7.2% from 2014 to 2020, according to a
new study by Grand View Research, Inc. Peripheral vascular devices such as IVC
filters, angiography catheters and plague modification devices are used for
treating peripheral arterial or coronary arterial diseases caused due to the
formation of atherosclerotic plaques in arteries. These devices are used to
decrease the interference of patients with minimum disturbance during the
surgical procedure.
Increasing global geriatric population base triggering
incidence rates of target diseases, extensive presence of both private and
public external funding programs, changing lifestyle and eating habits are
expected to be key driving factors for this market over the next six years. In
addition, presence of untapped growth opportunities in emerging markets such as
India, Brazil and China and increasing health awareness are also expected to
serve this market as future growth opportunities.
Browse full research report on Peripheral Vascular Devices Market: https://www.grandviewresearch.com/industry-analysis/peripheral-vascular-devices-market
Further key findings from the study suggest:
- Peripheral vascular stents dominated the peripheral vascular
devices market in terms of share at over 30.8% in 2013; driven by
increasing demand for drug eluting and bio-absorbable stents. Moreover,
the ability of these devices to significantly reduce re-stenosis rates is
expected to boost product demand.
- Embolic protection devices market is expected to grow at the
fastest CAGR of 9.2% during the forecast period; owing to increasing
demand for minimally invasive endovascular surgical method for removing
atherosclerosis from large blood vessels.
- North America was the largest regional market in 2013, accounting
for 40.3% of the global revenue. Presence of sophisticated healthcare
infrastructure, high patient awareness levels, healthcare expenditure and
high R&D pertaining to drug discovery and development are some of the
factors accounting for its large share.
- Asia Pacific peripheral vascular devices market is expected to grow
at the fastest CAGR of 10.0% from 2014 to 2020; primarily owing to the
wide presence of unmet medical needs coupled with rapidly improving
healthcare infrastructure in emerging markets of India and China.
- Key industry participants of this market include Abbott
Laboratories, Angioscore Inc., Edward Lifesciences Corporation, Medtronic
Inc., St. Jude Medical, Teleflex Medical, Volcano Corporation, Boston
Scientific Corporation, Teleflex Medical, Cook Group Inc., Cordis
Corporation, Covidien, W.L.Gore and Associates Ltd. and Angioscore Ltd.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/healthcare
Grand
View Research has segmented the peripheral vascular devices market on the basis
of product and region:
Peripheral
Vascular Devices Product Outlook
- Peripheral
Vascular Stents
- Peripheral
Transluminal Angioplasty Balloon Catheters
- PTA
Guidewires
- Atherectomy
Devices
- Chronic Total
Occlusion Devices
- Aortic Stents
- Synthetic
Surgical Grafts
- Embolic
Protection Devices
- Inferior Vena
Cava Filters
Peripheral
Vascular Devices Regional Outlook
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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