Peripheral Vascular Devices Market

The Hemodynamic Flow Alteration Devices Segment is Expected to Register the Highest Growth During the Forecast Period. Growth in the Peripheral Vascular Devices Market

The peripheral vascular devices market for these devices is expected to reach USD 12.63 Billion by 2022 from USD 9.09 Billion in 2017, at a CAGR of 6.8% during the forecast period. Growth in this market is mainly driven by factors such as the growing geriatric population and the increasing preference for minimally invasive surgeries. Other factors supporting market growth include the increasing incidence of peripheral vascular diseases, rising health expenditure per capita, and improving healthcare infrastructure across the globe.

On the basis of type, the peripheral vascular devices market is categorized into angioplasty balloons, angioplasty stents, catheters, endovascular aneurysm repair (EVAR) stent grafts, plaque modification devices, hemodynamic flow alteration devices, inferior vena cava (IVC) filters, and other peripheral vascular devices. The hemodynamic flow alteration devices segment is expected to register the highest growth during the forecast period. Growth in this market is mainly due to the increasing adoption of these devices for the effective removal of debris in arteries.

The angioplasty stents market is further segmented into bare-metal stents and drug-eluting stents. The drug-eluting stents segment is estimated to register the highest growth during the forecast period. Growth in this segment can be attributed to the benefits associated with the use of these stents, such as the reduced risk of restenosis after an interventional procedure.

The inferior vena cava filters market is further segmented into permanent filters and retrievable filters. The retrievable filters segment is estimated to grow at the highest rate during the forecast period due to the advantages it offers compared to permanent filters, such as fewer side-effects and easy removal process.

Geographically, the peripheral vascular devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to register the highest growth due to the improving healthcare infrastructure, rising healthcare expenditure per capita, and the heavy burden of peripheral artery diseases in this region.

Given the immense opportunities in the major applications of peripheral vascular devices, market leaders and emerging players are increasingly focusing on the market segments mentioned above to increase their revenues and are also looking to expand their reach to emerging economies.

Related Reports:

Peripheral Vascular Devices Market by Type (Angioplasty Balloon, Stent, Catheters (Angiography, IVUS), Plaque Modification (Atherectomy, Thrombectomy), Hemodynamic Flow Alteration (Embolic Protection), IVC Filters, Guidewires) - Global Forecast to 2022

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Report Code
MD 1254
Published ON
Jan, 2018
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