An Introduction to Peripheral Intervention Market
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In atherectomy no foreign device is left within the body. Peripheral intervention surgeries are gaining popularity among the doctors as well as the patients. It was noted by Physicians those patients who afraid of full scale open surgeries and hence chose to refrain from it, are now opting for such minimal invasion surgeries. These procedures have not only decreased the risk of infection but also reduced the recovery time. Patients need not be in general anesthesia, as local anesthesia would do the needful. In cases where patient awareness is required, such procedures have proven to be very helpful. Interventional procedures first saw success with diabetic individuals having varicose blockages in their legs; the procedure prevented the requirement of an amputation which would have been the earlier solution.
With the innovations in micro-catheter, stents, balloons and even interventional radiology, interventional procedures have come a long way since the late 1970’s, when the technique was first used experimentally. Today it’s a multi-billion dollar market booming with devices supporting the interventional surgery. The applications for peripheral intervention surgeries has also increased from the usual vascular, to oncology procedures, neurology, hepatic (liver), uteral, renal, gastric and skin procedures. The increased medical application in the aforementioned areas of medicine shall boost the market for interventional surgery devices in the near future. The increasing geriatric population is expected to increase the demand of the global market, along with the increasing desire by individuals to have minimal hospital stays, post operation.
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The opposing forces to these procedures would currently be limited only to the cost of interventional devices used in a typical surgery, i.e. stents and catheters. Besides these individual complications in some people may be observed which can be attributed to their body’s elevated immune response causing allergies or rejection of foreign bodies, with increased research and innovations in the pipeline, these issues are going to be tackled soon in the future.
The global market study for the year 2012 saw the North American region lead the world with nearly half of the world’s procedures being conducted in the U.S alone, this is followed by the European region and Asia-Pacific region consecutively. However the growth rate of the Asian market was observed to be higher than the North American and European region, with sales expected to grow larger than the North American region by 2020. This could be dedicated to the growing geriatric population of China, Japan and India. The rest of the world saw a moderate growth, which occupy only a minimal percentage of the global revenue.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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