Peripheral Interventions Market Projections 2027 | Abbott Laboratories, Cardinal Health, Johnson & Johnson, Becton Dickinson & Company, and Medtronic

The peripheral interventions market is anticipated to witness lucrative growth in the estimated timeframe owing to increasing technological developments in interventional devices. Preference for non-invasive procedures has heightened in recent years given to its offered improved recovery rate. Peripheral vascular intervention are one type of minimally invasive procedure that patients opt for treating peripheral artery diseases. Rising cardiovascular disease admissions in hospitals is expected to have a positive influence on the peripheral interventions market growth. According to a report published by Global Market Insights, the peripheral interventions market size is expected to exceed USD 11.5 billion by 2027.

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Major players that are operating in the peripheral interventions industry include Boston Scientific Corporation, Abbott Laboratories, Cardinal Health, Johnson & Johnson, Becton Dickinson & Company, and Medtronic among others. Industry players are focusing on taking various strategic initiatives like collaborations, new product launches, and innovations for staying competitive in the market. For instance, in September 2019, Biotronik and Proximo Medical entered in commercialization partnership for peripheral vascular intervention products in the U.S. This enhanced the business development capabilities of both organizations, thus strengthening its market share and geographical expansion.

Unarguably, the COVID-19 pandemic has severely impacted the market in the year 2020. There has been a huge decline in procedural volumes at catheterization laboratories and ambulatory surgical centers. Patients during the pandemic were not able to visit clinics located at highly affected areas. In view of this, peripheral interventions businesses witnessed moderate impact in the starting phase of the pandemic. But with leniency was provided by the government, the market saw brisk growth in the last quarter of 2020. A multitude of disorders including peripheral artery diseases and cancer prevailing among the population and rising geriatric population base prone to atherosclerosis may stimulate industry expansion over time.

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Estimates suggest that the Asia Pacific peripheral interventions market is poised to witness a 16.9% CAGR during the forecast timeframe. The regional industry could witness tremendous growth conditioned to rising number of elderly population encountering diverse diseases. Government initiatives for developing a highly sophisticated healthcare infrastructure along with increasing investments in the healthcare sector are some of the factors that could facilitate the estimated growth. Moreover, prompt emphasis of industry players on strengthening their market position may play a vital role in uplifting the Asia Pacific peripheral interventions market expansion. Increasing technological advancements focused on providing enhanced healthcare and improved treatment outcomes are some other crucial aspects that might favor this growth.

Partial Chapter of the Table of Content

Chapter 5 Peripheral Interventions Market, By Application

5.1 Key segment trends

5.2 Peripheral artery disease

5.2.1 Market size, by region, 2016 – 2027 (USD Million)

5.3 Venous thromboembolism

5.3.1 Market size, by region, 2016 – 2027 (USD Million)

5.4 Others

5.4.1 Market size, by region, 2016 – 2027 (USD Million)

Chapter 6 Peripheral Interventions Market, By End-use

6.1 Key segment trends

6.2 Hospitals

6.2.1 Market size, by region, 2016 – 2027 (USD Million)

6.3 Catheterization laboratories

6.3.1 Market size, by region, 2016 – 2027 (USD Million)

6.4 Ambulatory surgical centers

6.4.1 Market size, by region, 2016 – 2027 (USD Million)

6.5 Others

6.5.1 Market size, by region, 2016 – 2027 (USD Million)

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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