Peripheral Vascular Devices Market Set to Grow at 6.8% CAGR and Projected to Reach USD 12.63 Billion by 2022, Overview by Top Players Like Medtronic (US), Boston Scientific (US) and Abbott Laboratories (US)

#Key players in peripheral vascular devices market by Medtronic (US), Boston Scientific (US), Abbott Laboratories (US), Terumo (Japan), Cordis (US), B. Braun (Germany), C.R. Bard (US), Biosensors (Singapore), and BIOTRONIK (Germany).

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Peripheral vascular disease refers to diseases and disorders of blood vessels outside of heart, like those of brain. Peripheral artery disease is a form of arterial insufficiency, meaning that blood circulation through arteries (blood vessels that carry blood away from heart) is decreased. Peripheral artery disease is also likely to be a sign of a more widespread accumulation of fatty deposits in your arteries (atherosclerosis).

Executive Summary

Premium Insights
4.1 Peripheral Vascular Devices Market Overview
4.2 Peripheral Vascular Devices Market, By Product and Country
4.3 Angioplasty Stents Market, By Type
4.4 Peripheral Vascular Devices Market, By Country
4.5 Geographic Analysis of the Peripheral Vascular Devices Market, By Region

Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Growth in the Aging Population and the Associated Increase in the Prevalence of Peripheral Vascular Diseases
5.2.1.2 Product Approvals are Fueling the Market Growth of Peripheral Vascular Devices
5.2.1.3 Growing Preference for Minimally Invasive Surgery
5.2.2 Restraints
5.2.2.1 Product Failures and Recalls are Hindering the Market Growth
5.2.3 Opportunities
5.2.3.1 Emerging Markets Offers Lucrative Opportunities
5.2.4 Challenge
5.2.4.1 Availability of Alternative Treatments

Global peripheral vascular devices market is segmented by type and region. By type, peripheral vascular devices market is segmented into angioplasty balloons, angioplasty stents, catheters, endovascular aneurysm repair stent grafts, inferior vena cava filters, plaque modification devices, hemodynamic flow alteration devices, & other peripheral vascular devices. Angioplasty stents segment is estimated to account for largest market of global peripheral vascular devices market in 2017.

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The peripheral vascular devices market is expected to reach USD 12.63 Billion by 2022 from USD 8.51 Billion in 2016 at a CAGR of 6.8%. The base year for this study is 2016 and the forecast period is 2017–2022. Market growth is primarily driven by the growing incidence of peripheral vascular diseases, growing geriatric population, and increasing preference for minimally invasive surgeries.

Factors driving growth of peripheral vascular devices market include rising geriatric population, increasing prevalence of atherosclerosis, and increasing preference for minimally invasive surgeries. On other hand, availability of effective first-line treatments is expected to limit market growth in the coming years. Hemodynamic flow alteration devices market is segmented into embolic protection devices and total chronic occlusion devices.

Key players in peripheral vascular devices market include Medtronic (US), Boston Scientific (US), Abbott Laboratories (US), Terumo (Japan), Cordis (US), B. Braun (Germany), C.R. Bard (US), Biosensors (Singapore), and BIOTRONIK (Germany).

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The global peripheral vascular devices market is dominated by North America, followed by Europe. North America will continue to dominate the global peripheral vascular devices market in the forecast period, however, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered on Japan, China, and India.

Key objectives of this study are as follows:
• To define, describe, and forecast the peripheral vascular devices market by type and region
• To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To identify micromarkets and the drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the peripheral vascular devices market
• To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as partnerships, agreements, collaborations, and joint ventures; mergers and acquisitions; product launches; and R&D activities in the peripheral vascular devices market

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