Peripheral Artery Disease Global Market Report 2022: Improvement of Healthcare Infrastructure in Developing Countries Presents Opportunities
Dublin, March 06, 2023 (GLOBE NEWSWIRE) -- The "Peripheral Artery Disease Market by Type, Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
At an estimated value of over USD 4.02 billion in 2021, the Global Peripheral Artery Disease Market is predicted to thrive at a CAGR of 7.5% and valued at over USD 7.80 billion over the forecast year 2022-2030.
Market Dynamics and Trends
Factors such as the huge geriatric population, widespread unhealthy lifestyle choices, and rise in new product approvals in the field of peripheral artery disease drive the growth of the market. In addition, high-risk factors including diabetes and smoking contribute to the upsurged incidences of peripheral arterial diseases, further propelling the market growth.
However, the concern of restenosis and the reoccurrence of peripheral artery disease (PAD) even after the treatment may hamper the growth of the market to some extent. On the other hand, continually changing lifestyle habits including unhealthy dietary habits, excessive alcohol consumption, and lack of physical activity also make people more vulnerable to PAD and thus, boost the market growth.
Market Segmentations and Scope of the Study:
The global peripheral artery disease market share is segmented on the basis of type, and geography. On the basis of type, the market is segmented into peripheral angioplasty balloons, peripheral catheters, inferior vena cava (IVC) filters, peripheral stents, plaque modification devices, hemodynamic flow alteration devices, and peripheral accessories. Geographic fragmentation and analysis of each segment include regions comprising North America, Europe, Asia Pacific, and RoW.
Geographical Analysis
In terms of geography, North America held the major share of the market in 2019. This is attributed to higher healthcare expenditure and the growing occurrence of minimally invasive surgeries in the region. However, Asia-pacific is expected to be the fastest-growing market due to the existence of a large patient pool along with unmet medical needs. Moreover, significant growth in population together with a growing geriatric population is expected to be opportunistic for the market growth in this region during the forecast period.
Market Dynamics
Drivers
Rapid Growth in the Geriatric Population
Increase in Diabetic Patients
Rise in Unhealthy Lifestyle Choices
Restraints
Restenosis
Stringent Regulations Related to Peripheral Vascular Devices
Opportunities
Improvement of Healthcare Infrastructure in Developing Countries
Key Market Segments
Global Peripheral Artery Disease Market- By Type
Peripheral Angioplasty Balloons
Old/Normal Balloons
Cutting and Scoring Balloons
Drug-Coated Balloons
Peripheral Stents
Self-expandable
Balloon-expandable
Covered
Drug-eluting Stents
Peripheral Catheters
Angiography Catheters
Guiding Catheters
Inferior Vena Cava (IVC) Filters
Permanent Filters
Retrievable Filters
Plaque Modification Devices
Thrombectomy Devices
Atherectomy Devices
Hemodynamic Flow Alteration Devices
Embolic Protection Devices
Chronic Total Occlusion Devices
Peripheral Accessories
Peripheral Vascular Closure Devices
Introducer Sheaths
Guidewires
Balloon Inflation Devices
Global Peripheral Artery Disease Market - By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
RoW
Brazil
Saudi Arabia
South Africa
Remaining Countries
Key Topics Covered:
1. Introduction
2. Peripheral Artery Disease Devices Market - Executive Summary
3. Market Overview
4. Global Peripheral Artery Disease (Pad) Devices Market, By Type
5. Global Peripheral Artery Disease (Pad) Devices Market, By Region
A selection of companies mentioned in this report includes
Abbott Laboratories
Boston Scientific Corporation
Cardinal Health, Inc.
Terumo Corporation
Cook Medical
Becton, Dickinson and Company
Koninklijke Philips N.V
AngioDynamics, Inc.
BIOTRONIK,
B. Braun Melsungen AG.
For more information about this report visit https://www.researchandmarkets.com/r/catza0
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