Global Peripheral Vascular Devices Market
Global Peripheral Vascular Devices Market was valued around US$ 9,200 Mn and expected to grow at 7.0% Compound Annual Growth Rate (CAGR) from 2018 to 2024.
Market Outline: Global Peripheral Vascular Devices Market
The medical devices that are used in the treatment of various types of vascular diseases that includes atherosclerosis, aneurysm, and deep vein thrombosis are called as Peripheral vascular devices. Devices such as Angioplasty balloons, angioplasty stents, endovascular aneurysm repair stent grafts, catheters, and other devices are used in treatment of Peripheral vascular devices.
Market Dynamics: Global Peripheral Vascular Devices Market
Increase in geriatric population and growing prevalence of chronic diseases and technology advancements in the peripheral vascular devices are expected to drive the market over the forecast period. In addition, several governments across the geographies have increased their expenditure on developing healthcare infrastructure in developing economies, continuous technological innovations in developing peripheral vascular devices, and companies investment in R&D activities to develop the innovative products is widening the scope for growth of peripheral vascular devices market. However, stringent regulatory approval process for peripheral vascular devices and the high treatment cost for some devices such as stents and drug eluting balloons may hinder the growth of market over the forecast period.
Market Scope: Global Peripheral Vascular Devices Market
Global peripheral vascular devices market is segmented based on Product type and region.
Based on product type, market is segmented into the following:
1. Angioplasty Balloons
- Old/Normal Balloons
- Cutting or Scoring Balloons
- Drug-Eluting Balloons
2. Angioplasty Stents
- Drug-Eluting Stents
- Bare Metal Stents
- Angiography Catheters
- IVUS/OCT Catheters
- Guiding Catheters
4. Endovascular Aneurysm Repair Stent Grafts
- Abdominal Aortic Aneurysms
- Thoracic Aortic Aneurysms
5. Inferior Vena Cava Filters
- Retrievable Filters
- Permanent Filters
6. Plaque Modification Devices
- Atherectomy Devices
- Thrombectomy Devices
7. Hemodynamic Flow Alteration Devices
- Embolic Protection Devices
- Chronic Total Occlusion Devices
- Vascular Closure Devices
- Introducer Sheaths
- Balloon Inflation Devices
Regional Analysis: Global Peripheral Vascular Devices Market
Geographically, global peripheral vascular devices market is widespread into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Increased healthcare expenditure in public and private sector to develop the healthcare infrastructure is expected to propel the growth over the forecasted years. North America peripheral vascular devices market holds dominant market share in the global peripheral vascular devices market. Europe market is expected to grow exponentially over a forecast period. Asia Pacific market is expected to show moderate growth over the forecast period.
Competition Assessment: Global Peripheral Vascular Devices Market
Some of the players in the global peripheral vascular devices market include:
- Medtronic (US)
- Boston Scientific (US)
- Abbott Laboratories (US)
- Terumo (Japan)
- Cordis (US)
- B. Braun (Germany)
- C.R. Bard (US)
New updates: Global Peripheral Vascular Devices Market
- In September 2017, Cook Group has received FDA approval for the two year shelf life for Zilver PTX, the world’s first drug-eluting stent for the treatment vascular disease in the superficial femoral artery (SFA).