Peripheral Vascular Devices Market to be dominated by Hemodynamic Flow Alteration Devices through 2028
The growing prevalence of
chronic diseases is expected to drive the growth of Global Peripheral Vascular
Devices Market during the forecast period.
According to TechSci Research
report, “Peripheral Vascular Devices Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028F,” the Global
Peripheral Vascular Devices Market is anticipated to grow at an impressive rate
in the forecast period, 2024-2028. This can be ascribed to the
growing incidence of hypertension, obesity, smoking, and alcoholism and the
growing prevalence of peripheral vascular diseases across the globe.
Additionally, favorable reimbursement scenarios for peripheral vascular
procedures are the major factors driving the growth of the market during the
forecast period. Also, the growing number of product approvals and rising rate
of tobacco consumption will further boost the growth of the global peripheral
vascular devices market in the forecast period. Besides, high growth in
emerging markets and growth in the incidence of obesity are driving the demand
for the global peripheral vascular devices market during the forecast period.
However, the high cost of these
devices can be a barrier to adoption by some patients and healthcare systems,
which can slow down the growth of the global peripheral vascular devices market
in the forecast period. Also, a lack of awareness about peripheral vascular
diseases and the treatment options available may restrict the growth of the
global peripheral vascular devices market. Similarly, alternative treatments
available for some peripheral vascular diseases, such as medication and
lifestyle changes may hamper the growth of the market during the forecast
period.
Browse over XX market data
Figures spread through XX Pages and an
in-depth TOC on "Global Peripheral Vascular Devices Market”
Global Peripheral Vascular
Devices market can be segmented by Type, End User, Region and Competitive
Landscape.
Based on the Type, the global
peripheral vascular devices market can be segmented into Peripheral Stents, PTA
Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts, Plaque
Modification Devices, Peripheral Accessories, Inferior Vena Cava Filters,
Hemodynamic Flow Alteration Devices. The Peripheral Stents dominated the market
in 2022 and are expected to continue maintaining their dominance throughout the
forecast period. This can be due to the increase in the number of cardiac
disorders and the high prevalence of the cardiac disease among the population
in the country., Also, advancements in technology and increasing product
approvals, along with partnerships and collaborations by key players are
expected to create lucrative growth during the forecast period.
Based on End User, the market
can be grouped into Hospitals, Clinics, Ambulatory Surgical Centers. The
Hospitals segment is expected to dominate during the forecast period on account
of the growing focus on the partnership strategy to expand their clientele,
which in turn permits them to maintain their brand name across the globe.
Major companies operating in the
global peripheral vascular devices market are:
- Abbott Laboratories.
- AngioScore Inc.
- Edward Lifesciences Corporation.
- Medtronic Inc.
- Jude Medical.
- Teleflex Medical.
- Volcano Corporation.
- Boston Scientific Corporation.
- Teleflex Medical.
- Cook Group Inc.
- Cordis Corporation
- Covidien
- L. Gore and Associates Ltd
The FreedomFlow Peripheral
Guidewire was approved by the US Food and Drug Administration in June 2022,
according to Cardio Flow, Inc., a maker of minimally invasive peripheral
vascular devices to treat peripheral arterial disease.
In June 2021, AngioDynamics Inc
received the 510k clearance from the US Food and Drug Administration for its
AlphaVac Mechanical Thrombectomy System. The device is an off-circuit,
multi-purpose mechanical aspiration thrombectomy system which is deployed in
the non-surgical removal of emboli or thrombi from the vasculature.
In May 2021, Transit Scientific
received the CE Mark clearance in the European Union for the XO Score Scoring
Sheath Platform. This device facilitates in the dilation of stenotic material
in the peripheral vasculature including infrapopliteal, popliteal, and native
or synthetic arteriovenous dialysis fistulae.
In January 2021, Cardiovascular
Systems, Inc. received the CE Mark for Diamondback 360 Coronary Orbital
Atherectomy System. It combines differential sanding and pulsatile forces with
the aim to treat all calcium modalities, including eccentric (irregular),
nodular, and concentric (ring-shaped).
Download Free Sample Report
Customers can also request for
10% free customization on this report.
“North America is expected to
dominate in the Global Peripheral Vascular Devices Market on account of rising
incidence of cardiovascular diseases and the growing geriatric population, along
with the strong presence of industry players in the region. Similarly, growing
awareness among people and healthcare industry stakeholders about available
technologies, and the high concentration of market players in the United States
are expected to create lucrative growth in the market during the forecast
period. Also, increasing product launches, partnerships, and acquisitions
particularly in the United States are expected to drive the growth of the
market during the forecast period. Furthermore, growing urban lifestyle as well
as a large population consuming alcohol and tobacco will further create
lucrative opportunities for market growth” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting firm.
“Peripheral Vascular
Devices Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028F
Segmented By Type (Peripheral
Stents, PTA Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts,
Plaque Modification Devices, Peripheral Accessories, Inferior Vena Cava
Filters, Hemodynamic Flow Alteration Devices), By End User (Hospitals, Clinics,
Ambulatory Surgical Centers), By Region and By Competition,” has
evaluated the future growth potential of global peripheral vascular devices
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Global Peripheral
Vascular Devices market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com