Peripheral Artery Disease Market Can revolutionize healthcare Industry. Here's how to unlock its potential | CAGR of 5.4%

According to the report published by Allied Market Research, The Global Peripheral Artery Disease Market Size was valued at USD 3.52 billion in 2019, is poised to Reach USD 15.71 billion by 2027, witnessing a Growing CAGR of 5.4% from 8.5% from 2020 to 2027. due to Emergence of advanced interventional products, enhanced healthcare infrastructure in developing nations, and supportive insurance and reimbursement policies drive the growth of the global peripheral artery disease market. However, strict approval process for stents hinders the market growth. On the other hand, untapped potential in developing nations create new opportunities in the coming years.

Based on type, the reagents segment has accounted for more than three-fourths of the global proteomics market share in 2019 and will continue to lead by 2027. This is due to increased adoption of proteomics in diagnostic and medical industry. However, the instruments segment is expected to grow at the highest CAGR of 14.1% from 2020 to 2027, owing to unprecedented increase in R&D activities for the development of novel instruments that can be used for studying structure and functional roles of encoded proteins.

Based on application, the drug discovery segment contributed around three-fifths of the global proteomics market share in 2019, and will maintain its dominance during the forecast period. Introduction of safer, effective, and cost-effective drugs is expected to be the ultimate outcome of improvement of proteomics technology, which drives the growth of the segment. On the other hand, the disease diagnosis segment is expected to manifest the fastest CAGR of 12.6% during the forecast period.

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COVID-19 Impact Analysis:

• The peripheral artery disease market is negatively impacted by the pandemic as most countries adopted lockdown to combat the pandemic.
• The American College of Surgeons (ACS) has recently developed guidelines for triage of vascular surgery patients, suggesting that non-emergency peripheral vascular procedures such as endovascular therapy for claudication should be postponed.
• In regions severely affected by COVID-19, vascular procedures have been reduced to life or limb salvaging cases, owing to new government directives or hospital guidelines.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

• Abbott Laboratories
• Angiodynamics, Inc.
• B. Braun Melsungen Ag
• Boston Scientific Corporation
• Becton, Dickinson And Company
• Cardinal Health, Inc.
• Cook Medical, Inc.
• Terumo Corporation

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• How big is the global & regional market in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• Which region has more opportunities?
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Based on region, North America accounted for the highest share in terms of revenue, contributing to nearly two-fifths of the global peripheral artery disease market in 2019, and will maintain its lead position during the forecast period. This is due to changes in lifestyle habits such as unhealthy dietary habits, smoking, excessive alcohol consumption, and lack of physical activity of people in the region. However, Asia-Pacific is expected to grow at the highest CAGR of 9.4% from 2020 to 2027, owing to expansion of healthcare budgets, rise in disposable income, and surge in demand for technologically advanced devices.

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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