The latest research study “Peripheral Vascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The global peripheral vascular devices market size reached US$ 10.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
What is Peripheral Vascular Devices?
Peripheral vascular disease (PVD) represents a circulatory condition caused, owing to the narrowing, blockage, or spasms in the blood vessels placed outside the heart and brain. Some commonly used tools to treat PVD comprise angioplasty catheters, vena cava filters, stent-grafts, and embolic protection devices (EPD). Peripheral vascular appliances are safe, minimize the risk of infection and irritation, improve blood flow, supply oxygenated blood through arteries, etc. As a result, they find wide applications in hospitals and clinics across the globe.
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Peripheral Vascular Devices Market Trends and Drivers:
The increasing incidence of venous diseases or CVI (chronic venous insufficiency) across numerous countries is primarily augmenting the peripheral vascular devices market. Furthermore, the growing geriatric population that is more susceptible to several illnesses, such as peripheral artery disease (PAD) and blockages, on account of physical inactivity and unhealthy dietary habits, is also bolstering the market growth. Apart from this, the shifting preferences toward minimally invasive surgeries (MIS), owing to fewer complications, less postoperative pain, shortened hospital stay, and faster recovery times, are further catalyzing the global market. Moreover, the widespread adoption of atherectomy appliances, on account of the growing prevalence of atherosclerosis, obesity, and lifestyle-related disorders, is acting as another significant growth-inducing factor. Besides this, the expanding healthcare sector, the inflating disposable income levels of the masses, and extensive research and development (R&D) activities are expected to drive the peripheral vascular devices market in the coming years.
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Peripheral Vascular Devices Market Report Segmentation 2023-2028:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
The report has been segmented the market into following categories:
Breakup by Device Type:
Breakup by End User:
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Breakup By Regions:
Key highlights of the report:
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