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The global Peripheral Vascular Device Market size was estimated at USD 5,888.5 million in 2014 and is expected to grow at a CAGR of 7.2% over the forecast period<br>
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Peripheral Vascular Device Market Size, Analysis, Manufacturers, Countries and Forecast to 2020 “The global Peripheral Vascular Device Market size was estimated at USD 5,888.5 million in 2014 and is expected to grow at a CAGR of 7.2% over the forecast period. Rising demand for minimally invasive procedures.” The global Peripheral Vascular Device Market size was estimated at USD 5,888.5 million in 2014 and is expected to grow at a CAGR of 7.2% over the forecast period. Rising demand for minimally invasive procedures and growing aging population coupled with changing lifestyles are some of the key factors driving the growth of peripheral vascular device market. Increase in peripheral vascular diseases and technological advancements in the devices is also anticipated to further boost up the demand for these devices in the market. According to an estimate of Central Disease for Control and Prevention, about 8.5 million people in the U.S have peripheral artery disease including 12-20% of individuals ageing 60 years and above. Furthermore, rising number of specialists treating peripheral vascular disease also propel the market growth of these devices. Introduction of technologically advanced products like drug eluting balloons further drive the future adoption of such devices. Rising chronic conditions including diabetes, obesity and end-stage renal disease is one of the crucial factors anticipated to boost demand for these devices. Some of the key advantages associated with these devices are minimal scarring and post-surgery infection that improves the adoption level of these devices among the patients. However, the market growth is expected to negatively impact the market owing to factors such as reimbursement issues in developing countries, stringent regulatory policies, and presence of highly fragmented market. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/peripheral-vascular-devices-market/request-sample
Product Insights Based on the products, the market is segmented as peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, embolic protection devices, and inferior vena cava filters. Peripheral vascular stents accounted for the major share of over 31% in 2014 pertaining to the factors such as rising incidences of peripheral artery disease and development of new imaging techniques. Introduction of technologically advanced stents such as drug eluting stents further boost up demand for such devices. In addition, increase in need for therapies that reduce the risk of complications such as thrombosis is one of the factor contributing towards its growth. However, stringent product approval process, number of product failures, and presence of alternative treatment options for cardiac disease may restrain the growth of stents in the market. Peripheral angioplasty balloon catheters held significant market share owing to introduction of technological advance products like drug coated balloons and favorable reimbursement policies in developed countries like Germany and the U.S. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/peripheral-vascular-devices-market Competitive Insights Few of the key participants of peripheral vascular devices market include, Edward Lifesciences Corporation; Abbott Laboratories; Angiocare, Inc.; Boston Scientific Corporation; Medtronic, Inc.; Teleflex Medical; St.Jude Medical; Volcano Corporation; Bayer; Terumo International System, Inc. ;B Braun, Inc.; Endologix; Volcano Corporation; W.L. Gore and Associates Ltd.; Angioscore Ltd, and Cordis Corporation. Market Segments Product Outlook (Revenue, USD Million, 2012 - 2020) • 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.
Regional Outlook (Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/medical-devices Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184