Peripheral Vascular Devices Market Size Worth USD 8,918.8 Million By 2020 : Grand View Research, Inc.
The Global peripheral vascular devices market is expected to
reach USD 8,918.8 million by 2020, growing at an estimated CAGR of 7.2% from
2014 to 2020, according to a new study by Grand View Research, Inc. Peripheral
vascular devices such as IVC filters, angiography catheters and plague modification
devices are used for treating peripheral arterial or coronary arterial diseases
caused due to the formation of atherosclerotic plaques in arteries. These
devices are used to decrease the interference of patients with minimum
disturbance during the surgical procedure.
Increasing global geriatric population base triggering
incidence rates of target diseases, extensive presence of both private and
public external funding programs, changing lifestyle and eating habits are
expected to be key driving factors for this market over the next six years. In
addition, presence of untapped growth opportunities in emerging markets such as
India, Brazil and China and increasing health awareness are also expected to
serve this market as future growth opportunities.
Browse full research report on peripheral vascular
devices market: http://www.grandviewresearch.com/industry-analysis/peripheral-vascular-devices-market
Further key findings from the study suggest:
- Peripheral
vascular stents dominated the peripheral vascular devices market in terms
of share at over 30.8% in 2013; driven by increasing demand for drug
eluting and bio-absorbable stents. Moreover, the ability of these devices
to significantly reduce re-stenosis rates is expected to boost product
demand.
- Embolic
protection devices market is expected to grow at the fastest CAGR of 9.2%
during the forecast period; owing to increasing demand for minimally
invasive endovascular surgical method for removing atherosclerosis from
large blood vessels.
- North
America was the largest regional market in 2013, accounting for 40.3% of
the global revenue. Presence of sophisticated healthcare infrastructure,
high patient awareness levels, healthcare expenditure and high R&D
pertaining to drug discovery and development are some of the factors
accounting for its large share.
- Asia
Pacific peripheral vascular devices market is expected to grow at the
fastest CAGR of 10.0% from 2014 to 2020; primarily owing to the wide
presence of unmet medical needs coupled with rapidly improving healthcare
infrastructure in emerging markets of India and China.
- Key
industry participants of this market include Abbott Laboratories,
Angioscore Inc., Edward Lifesciences Corporation, Medtronic Inc., St. Jude
Medical, Teleflex Medical, Volcano Corporation, Boston Scientific
Corporation, Teleflex Medical, Cook Group Inc., Cordis Corporation,
Covidien, W.L.Gore and Associates Ltd. and Angioscore Ltd.
Browse more reports of this category by Grand View
Research http://www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented the peripheral vascular
devices market on the basis of product and region:
Peripheral Vascular Devices Product Outlook
- 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
Peripheral Vascular Devices Regional Outlook
- North
America
- Europe
- Asia
Pacific
- RoW
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-peripheral-vascular-devices-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more Info: www.grandviewresearch.com
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