The Growing Demand for Peripheral Artery Disease Treatment: Market Size Analysis and Forecast

Peripheral Artery Disease (PAD) is a condition where the peripheral arteries, which supply blood to the legs, arms, stomach, and kidneys, become narrowed or blocked due to the buildup of plaque, which is made up of cholesterol, fat, and other substances. This causes reduced blood flow to the affected area, which can result in pain, cramping, numbness, or weakness in the legs or arms. In severe cases, PAD can lead to tissue death and the need for amputation.

Allied Market Research has published a study report with the title Peripheral Artery Disease Market Size is Projected to Garner USD 5.71 billion by 2027, registering a CAGR of 8.5% During Forecast Period.

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𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐟𝐨𝐫 𝐏𝐞𝐫𝐢𝐩𝐡𝐞𝐫𝐚𝐥 𝐀𝐫𝐭𝐞𝐫𝐲 𝐃𝐢𝐬𝐞𝐚𝐬𝐞?

The market drivers for peripheral artery disease (PAD) include:

• Rising prevalence of PAD: The increasing incidence of PAD among the aging population, rising prevalence of lifestyle diseases such as diabetes and obesity, and increasing smoking habits are the major factors driving the market growth.
• Technological advancements: The advent of new and advanced diagnostic tools and treatment options, such as minimally invasive procedures and drug-coated balloons, are driving the market growth.
• Growing awareness: Increased awareness of PAD and its associated risks among patients and healthcare professionals has resulted in early diagnosis and treatment, leading to market growth.
• Government initiatives: Government initiatives to create awareness about the disease, early diagnosis and treatment, and funding for research and development are also driving the market growth.
• Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures, which are less painful and have shorter recovery times, is also driving the market growth.
• Increasing geriatric population: The growing geriatric population, who are more susceptible to PAD, is expected to drive the market growth in the coming years.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐏𝐞𝐫𝐢𝐩𝐡𝐞𝐫𝐚𝐥 𝐀𝐫𝐭𝐞𝐫𝐲 𝐃𝐢𝐬𝐞𝐚𝐬𝐞

• Medtronic
• Boston Scientific Corporation
• Abbott
• Cardinal Health
• Koninklijke Philips N.V.
• Becton, Dickinson and Company
• Cook Medical
• Terumo Corporation
• AngioDynamics, Inc.
• B. Braun Melsungen AG

𝐏𝐞𝐫𝐢𝐩𝐡𝐞𝐫𝐚𝐥 𝐀𝐫𝐭𝐞𝐫𝐲 𝐃𝐢𝐬𝐞𝐚𝐬𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

By Type:

• Functional Testing
• Invasive Testing
• Imaging

By Treatment:

• Medications
• Angioplasty
• Bypass Surgery
• Atherectomy

By End-User:

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers

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.

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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 big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period 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?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

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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