Peripheral Arterial Disease (PAD) Market estimated to reach USD 7.61 billion by 2029

By thinking from the customer's standpoint, a team of researchers, forecasters, analysts and industry experts work carefully to put up Peripheral Arterial Disease (PAD) market report. This report provides data on patterns, improvements, target business sectors, materials, limits, and advancements. Furthermore, it works to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. This gives more accurate understanding of the market landscape, issues that may affect the industry in the future, and how to best position specific brands. An international Peripheral Arterial Disease (PAD) market analysis report lends a hand to develop a successful marketing strategy for the business and acts as a backbone to the business.

What's more, global Peripheral Arterial Disease (PAD) market research report assesses each segment of the global market in a very detailed pattern so that readers can be informed about future opportunities and high-growth areas of the industry. The report makes to focus on the more important aspects of the market like what the market recent trends are. Besides, it offers a complete study of crucial market dynamics, including growth drivers, restraints, challenges, trends, and opportunities. Readers are presented with accurate facts and figures related to the market and its significant factors such as consumption, production, revenue growth, and CAGR.

Data Bridge Market Research analyses that the peripheral arterial disease (PAD) market was valued at USD 3.82 billion in 2021 and is further estimated to reach USD 7.61 billion by 2029, and is expected to grow at a CAGR of 9% during the forecast period of 2022 to 2029.

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Peripheral arterial disease (PAD) is a common cardiovascular condition that is caused by plaque build-up in the arteries, resulting in restricted blood flow to the limbs. Peripheral artery disease is also linked to diabetes, ageing, and high blood pressure.
Drivers

Major factors that are expected to boost the growth of the peripheral arterial disease (PAD) market in the forecast period are as follows:

Rise in the elderly population
The rise in the number of geriatrics with diabetes and high blood pressure is a major risk factor for peripheral artery disease, which is fuelling the market.

Growing demand for minimally-invasive procedures
The growing need for minimally invasive procedures, particularly in the treatment of peripheral artery disease which will further accelerate the market growth.

Initiatives by the governments
Authorities and governments are taking more measures to improve healthcare systems and raise knowledge about the benefits of PAD devices which will further contribute to the growth of the market.

Opportunities

In addition, the rise in the in prevalence of peripheral artery diseases and growing inproduct approvals is further estimated to provide potential opportunities for the growth of the peripheral arterial disease (PAD) market in the coming years.
Recent Development

In June 2020, Straub Medical AG, a private corporation, was acquired by Becton, Dickinson and Company. Medical atherectomy and thrombectomy devices are developed by Straub Medical AG for the treatment of venous and peripheral arterial disorders (PAD). Becton, Dickinson and Company's peripheral artery disease treatment capabilities have been strengthened as a result of this acquisition.

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Global Peripheral Arterial Disease (PAD) Market Scope and Market Size
The peripheral arterial disease (PAD) market is segmented on the basis of treatment type, route of administration, end users and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Treatment Type

Devices
Catheters
Drugs
Others
On the basis of treatment type, the peripheral arterial disease (PAD) market is segmented into devices, catheters, drugs and other. Drugs can be further sub segmented into lipid-lowering drugs, blood pressure lowering drugs, glucose regulating drugs, blood clot preventing drugs.

Route of Administration

Oral
Parenteral
Others
On the basis of route of administration, the peripheral arterial disease (PAD) market is segmented into oral, parenteral and others.

End Users

Hospitals
Specialty Clinics
Others
On the basis of end users, the peripheral arterial disease (PAD) market is segmented into hospitals, specialty clinics, others.

Distribution Channel

Hospital Pharmacy
Retail Pharmacy
Others
On the basis of distribution channel, the peripheral arterial disease (PAD) market is segmented into hospital pharmacy, retail pharmacy, others.

Peripheral Arterial Disease (PAD) Market Regional Analysis/Insights
The peripheral arterial disease (PAD) market is analysed and market size insights and trends are provided by country, treatment type, route of administration, end users and distribution channel as referenced above.

The countries covered in the peripheral arterial disease (PAD) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the peripheral arterial disease (PAD) market due to the growing latest technology development. Furthermore, the occurrence of variation of innovative drug molecule to enhance the treatment procedure will further boost the growth of the peripheral arterial disease (PAD) market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the peripheral arterial disease (PAD) market due to the rise in the patient pool. Moreover, the growing investment in healthcare sector is further anticipated to propel the growth of the peripheral arterial disease (PAD) market in the region in the coming years.

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