Overview

Peripheral Vascular Devices Market Introduction:

Peripheral Vascular Devices Market is estimated to value over USD 14.8 billion by 2027 end and register a CAGR of over 5.8% during the forecast period 2020 to 2027.

Peripheral arterial disease (PAD) is caused by blocking or narrowing of the blood vessels owing to the build-up of plaque. This condition can result in aneurysms, kidney diseases, the death of tissue, heart stroke in cases when left untreated. As per the National Institute of Health, one in concerning people over 50 years, one in every 20 American has PAD. It has influenced over eight to 12 million people in the U.S, particularly to those over the age of 50.

As the population is constantly increasing, the incidences of disease are rising which could proliferate from over 10 million to reach an overall of 20 million worldwide by 2050. With the ageing of the population around the world, it possibly seems that PAD will be normalised in the upcoming years. Therefore, as per the statistics have revealed, the number of peripheral arterial disease is rising at a quicker pace, which is gradually driving the peripheral vascular devices market. Other factors like the growing demand for minimally-invasive surgeries for peripheral arterial disease, in particular, lifestyle changes, technological advancements and increase in the geriatric population have expanded the market size.

Based on type, the peripheral vascular devices market is bifurcated into embolic projection devices, peripheral guidewires, peripheral stents grafts, peripheral venous thrombectomy device, vena cava filters, angioplasty catheters and PTA balloons. Peripheral vascular stents graft accounts for the largest market share. Angioplasty catheter segment is predicted to showcase substantial growth over the forecast period.

Geographically, the market is fragmented into North America, Europe, Asia Pacific and the rest of the world. North America dominates the peripheral vascular devices market which is followed by the Europe region. The Asia Pacific region is anticipated to proliferate during the forecast period owing to the increasing prevalence of peripheral vascular diseases. Manufacturers of peripheral vascular devices are slowly adopting integral developmental strategies to create innovative devices. Many clinical trials are currently in progress to increase device efficacy and safety.

Key market players in the peripheral vascular devices market are
Medtronic, Becton, Dickinson and Company, Terumo Corporation, Boston Scientific Corporation, Abbott, Cardinal Health, iVascular, B. Braun Melsungen, Biosensors International Group, Biotronik SE & Co. KG, Penumbra Inc.

Peripheral Vascular Devices Market

Peripheral Vascular Devices Market Segmentation:

By Product

Angioplasty Balloons
Angioplasty Stents
Catheters
EVAR Stent Grafts
Inferior Vena Cava Filters
Plaque Modification Devices
Hemodynamic Flow Alteration Devices
Other Devices

By Region

North America
Europe
Asia Pacific
Rest of the World

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global peripheral vascular devices market by product and by region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— Europe, North America, Asia Pacific and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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