Global Peripheral Vascular Devices Market | Growth, Size

1
The Global Peripheral Vascular Devices Market to
Witness Growth at 11.54 of CAGR by 2028
Triton Market Research presents the Global
Peripheral Vascular Devices Market report
segmented by Device Type (Peripheral Vascular
Stents Self-expanding Peripheral Vascular
Stents, Balloon-expanding Peripheral Vascular
Stents, Drug-eluting Peripheral Vascular Stents,
Covered Stent, Percutaneous Transluminal
Angioplasty (PTA) Balloon Catheters Standard PTA
Balloon Catheters, High-Pressure PTA Balloon
Catheter, Large PTA Balloon Catheter, Small PTA
Balloon Catheter, Specialty PTA Balloon Catheter,
Drug Coated PTA Balloon Catheter, Percutaneous
Transluminal Angioplasty (PTA) Guidewires,
Atherectomy Devices, Embolic Protection Devices,
Inferior Vena Cava Filters, Other Device Types),
and by Geographical Region (North America,
Europe, Asia-Pacific, Latin America, Middle East
and Africa), discussing Market Summary, Industry
Outlook, Key Insights, Impact of COVID-19,
Porter's Five Forces Analysis, Market
Attractiveness Index, Vendor Scorecard, Key
Market Strategies, Drivers, Restraints,
Opportunities, Competitive Landscape, Methodology
Scope, Global Market Size, Forecasts Analysis
(2021-2028).
GLOBAL PERIPHERAL VASCULAR DEVICES MARKET
2021-2028 CAGRMl.54 The regional paradigm of
PERIPHERAL VASCULAR DEVICES MARKET was dominated
by NORTH AMERICA by capturing a majority of
revenue share. On the other hands, ASIA-PACIFIC
is anticipated to be the fastest growing regional
market over the forecast period. www.tritonmarketr
esearch.com
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2
As per a report by Triton Market Research, the
Global Peripheral Vascular Devices Market is
expected to progress at 11.54 of CAGR during the
forecasting years (2021-2028). Peripheral
arterial disease (PAD) is one of the grave
diseases plaguing people today. The first steps
used to cure this condition involve the use of
medication and lifestyle changes, or surgeries
like bypass, endovascular intervention, or
endarterectomy. However, with the advancement in
technology, patients can now be treated with
minimally invasive surgeries (MIS) for PAD, and
they have been reported to cause less
post-operative pain. Thus, patients are given
smaller dosages of painkillers. Also, since there
are minimal cuts or stitches involved, the
hospital stay is relatively shorter, and patients
need not visit the hospital frequently. The
adoption of minimally invasive surgeries is thus
driving the growth of the market studied.
However, the prolonged regulatory approval
processes and complexities act as barriers in the
process of market growth. The market in the
Asia-Pacific region is expected to demonstrate
the fastest growth rate in the world in the
projected duration. There has been a steady rise
in the demand for advanced vascular devices in
the region, owing to a large number of older
adults. Old age increases the risk of several
diseases and health conditions, including
peripheral vascular disease, diabetes,
cardiovascular disease, hypertension, etc. these
factors significantly raise the demand for
peripheral vascular devices, and thereby drive
the market's growth. Cook Group, Edwards
Lifesciences Corporation, Medtronic Plc, Cardinal
Health Inc (Cordis), Boston Scientific
Corporation, Angioscore Inc (Spectranetics
Corporation), Terumo Interventional Systems Inc,
Teleflex Medical, Becton Dickinson and Company,
Koninklijke Philips NV, Abbott Laboratories, and
Endologix are some of the prominent names
operating in this market. In the initial stages,
high capital investment is required for players
to enter this market, which makes the entry
barriers very high. The bigger names in the
industry companies usually merge with or acquire
or potential start-ups to minimize the threat of
new entrants. Also, there are a large number of
products available in the market, and this
industry is fragmented with a high number of
manufacturers. Therefore, the bargaining power of
buyers is expected to be high in the projected
phase.
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