The latest research study “Peripheral Vascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global peripheral vascular devices market size reached US$ 10.13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.51 Billion by 2027, exhibiting a growth rate (CAGR) of 7.20% during 2022-2027.
Peripheral vascular devices are used to treat peripheral vascular disease in which a circulatory condition is caused by the narrowing, blockage, or spasms in the blood vessels. Some commonly used devices include peripheral guidewires, vena cava filters, embolic projection devices, PTA balloons, peripheral venous thrombectomy devices, peripheral stent-grafts, embolic protection devices (EPD), and angioplasty catheters. These devices are safe, minimize the risk of infection and irritation, improve blood flow, and supply oxygenated blood through arteries. As a result, they find extensive applications in ambulatory surgical centers, clinics, and hospitals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Peripheral Vascular Devices Market Trends and Drivers:
The market is primarily driven by the increasing prevalence of venous diseases or chronic venous insufficiency (CVI) across the globe. In addition, the rising geriatric population, and the increasing occurrences of various ailments, such as peripheral artery disease (PAD) and blockages, are contributing to the market growth. Moreover, the escalating demand for minimally invasive surgeries (MIS) owing to quick recovery rates, minor scaring, shortened hospital stay, and fewer chances of post-surgery infections represents another major growth-inducing factor. Furthermore, the extensive adoption of atherectomy devices due to the increasing prevalence of obesity, atherosclerosis, and lifestyle-related disorders is propelling the market growth. Other factors, including the expanding healthcare industry, rising disposable incomes of consumers, and extensive research and development (R&D) activities conducted by key players, are creating a positive market outlook.
Peripheral Vascular Devices Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, B. Braun SE (B. Braun Holding GmbH & Co. KG), Becton, Dickinson and Company, Biotronik SE & Co. KG, Boston Scientific Corporation, Cook Group Incorporated, Cordis Corporation, iVascular S.L.U., Koninklijke Philips N.V., Medtronic plc and Terumo Medical Corporation.
The report has been segmented the market into following categories:
Breakup by Device Type:
- Peripheral Vascular Stents
- Peripheral Transluminal Angioplasty (PTA) Balloon Catheters
- Peripheral Transluminal Angioplasty (PTA) Guidewires
- Atherectomy Devices
- Embolic Protection Devices
- Inferior Vena Cava Filters
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Care Centers
- Specialty Clinics
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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