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Peripheral Vascular Devices Market Projections, Insights & Growth Forecast By 2026
Peripheral Vascular Devices Market – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2026
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North America held the maximum market share in the global peripheral vascular devices market in 2016. The dominance of this region is attributed to the high adoption of minimally invasive surgeries, high healthcare expenditure as well as patient awareness, among others. Asia Pacific is likely to grow at maximum rate over the forecast period. Presence of a large patient pool with unmet medical need is expected to be a major driver for growth of the market in this region. Improving healthcare scenario in emerging economies such as India and China, among others coupled with the growing GDP of these countries and increasing government initiatives are aiding the growth of the peripheral vascular devices market in this region.
Growing geriatric population to drive the market growth
Growing geriatric population, which is highly susceptible to chronic diseases is expected to create a conducive environment for growth of the peripheral vascular devices market. Additionally, presence of unexploited growth opportunities in the emerging markets such as China, India, and Brazil coupled with rising health awareness among the population are also expected to boost growth of the market in the coming years.
Increasing adoption of bio-absorbable stents coupled with increasing health awareness and growing disposable income among the populace create immense opportunities for the manufacturers in the market. Nonetheless, the high costs of these procedures, particularly in emerging economies and product failures are key challenges faced by vendors.
Top Key Players
Some of the major companies operating in the global peripheral vascular devices market are Abbot Laboratories, Boston Scientific Corporation, Angioscore, Emboline INC, and Bayer AG.
Peripheral vascular devices market taxonomy
On the basis of product type, the global market is segmented into:
• Angioplasty Balloons
• Embolic Protection Devices
• Inferior Vena Cava Filters
• Synthetic Surgical Grafts
• Aortic Stent Grafts
• Peripheral Vascular Accessory Devices
• Vascular Closure Devices
• PTA Balloon Catheters
• Chronic Total Occlusion (CTO) Devices
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