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(Medical-NewsWire.com, August 07, 2018 ) Market Overview: In the year 2018, Peripheral vascular device market was valued at USD 7.749 Billion. By the year 2023, it is predicted to reach USD 11.842 Billion with pace of 7.2% CAGR. Basically, Peripheral vascular disease is a blood circulation disorder, which reduces the flow of blood from brain and heart. When these vessels stop functioning of blood it results in abnormal functioning of organs.
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Factors affecting market growth: • Rising prevalence of diseases such as diabetes and obesity (+) • Change in life style and eating habits. (+) • Minimal invasive endovascular treatment. (+) • Growing aging population (+) • It is limited to Stringent administrative framework (-) • Repayment issues in many countries and highly fragmented market. (-)
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Market Segmentation The Peripheral vascular device market is segmented on the basis of Product Type • Normal Balloon • Cutting Balloon • Scoring Balloon • Drug Coated Balloon
Material • Non-Compliant balloons • Semi- compliant balloons
Device • Angioplasty Balloons • Catheters • Plaque Modification • Vena Cava Filter Placement Devices
The Angioplasty balloons segment holds the highest market share owing to increasing demand, followed by the plaque modification segment. Market growth can largely be attributed the increasing number of endovascular surgeries.
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Key players: Most important industries contributing to the global market are Abbot Laboratories, Angioscore, Boston Scientific Corporation, Bayer AG, Biosensors, Biotronik, Emboline INC among numerous others.
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Abhishek Shukla
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Source: EmailWire.com
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