The Peripheral Vascular Devices And Equipment Global Market Report 2023 by The Business Research Company, provides peripheral vascular devices and equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Peripheral Vascular Devices And Equipment Global Market Report 2023, the market size is expected to grow from $7.77 billion in 2022 to $8.27 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global peripheral vascular devices and equipment is expected to grow to $10.04 billion in 2027 at a CAGR of 5.0%.
The peripheral vascular devices and equipment market is driven by the rising number of people with peripheral artery diseases. Peripheral artery diseases are caused when arteries in the human body are blocked by plaque consisting of fats, cholesterol, and other substances restricting their blood flow to important organs. Lower extremity peripheral artery disease (PAD) affects >230 million adults worldwide and is associated with increased risk of various adverse clinical outcomes (other cardiovascular diseases such as coronary heart disease and stroke and leg outcomes such as amputation. The disease is different in younger populations; but, the incidence rises sharply, with over 20% of people over 80 years old having PAD.
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The peripheral vascular devices and equipment market is segmented:
1) By Type: Peripheral vascular stents, Percutaneous transluminal angioplasty balloons, Catheters, PTA guide wires, Atherectomy devices, Chronic total acclusion devices, Aortic stents, Synthetic surgical grafts, Embolic protection devices, Inferior vena cava filters
2) By End User: Hospital applications, Clinic applications,
3) By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage
Bio-absorbable stents are gaining popularity in the peripheral vascular devices and equipment market to eliminate thrombogenic risk factors and enhance clinical applicability. Bio-absorbable stents are made of natural soluble materials that disappear after insertion and eliminate the risk of late stent thrombosis. They help in protecting the body from inflammation or reduced blood flow due to late-stent thrombosis (a condition where the stent used for treatment stays inside the body for a prolonged period). Companies in this market are increasing their focus on developing and commercializing bio-absorbable stents. For instance, in 2020, Boston Scientific is demanded to start its Synergy Megatron bioabsorbable polymer coronary stent system. It is intended for large proximal vessels, including over main, bifurcations, and ostial lesions. It is made in 3.5 mm to 5.0 mm diameters. It owns enhanced strength and the capacity to create tapered vessels.
The peripheral vascular devices and equipment market report table of contents includes:
- Executive Summary
- Peripheral Vascular Devices And Equipment Market Characteristics
- Peripheral Vascular Devices And Equipment Market Trends And Strategies
- Peripheral Vascular Devices And Equipment Market – Macro Economic Scenario
- Peripheral Vascular Devices And Equipment Market Size And Growth
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- Africa Peripheral Vascular Devices And Equipment Market
- Peripheral Vascular Devices And Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Peripheral Vascular Devices And Equipment Market
- Peripheral Vascular Devices And Equipment Market Future Outlook and Potential Analysis
- Appendix
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