Market Study Report adds Global Peripheral Interventions market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
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China peripheral interventions market is forecasted to progress at more than 8.5% CAGR over the estimation timeframe. Rising population undertaking smoking, increasing the risk of CVDs, coupled with growing geriatric population base will majorly offer opportunities for market growth. In addition, rising number of hospitals equipped with catheterization laboratories and government funding in the country will serve to be positive influencing factors for market expansion.
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Peripheral Interventions Market is expected to exceed USD 10 billion by 2025. Growing preference towards minimally invasive treatments and rising burden of cardiovascular disease will impel the demand for peripheral vascular devices.
Rapidly advancing technologies in vascular intervention systems will yield competitive market growth opportunities. Leading market players offering advanced minimally invasive devices such as drug-eluting stents, drug-coated balloons, catheters, guidewires, etc. coupled with superior benefits have substantially increased the procedural success rate. For instance, Xience Sierra introduced by Abbott is the newest stent technology, offering various benefits such as flexibility, long length, small diameter and greater compatibility. Thus, rising demand for minimally invasive processes, advancements, and growing expenditure on R&D, will lead to notable development in peripheral vascular devices in the foreseeable future.
Atherosclerosis application segment is forecasted to expand at significant pace over the analysis period. Atherosclerosis is directly associated with consumption of high fat dietary habit and smoking. Thus, growing epidemiology of hypertension and atherosclerosis coupled with rising risk factors leading to rapid disease development will impact the application of peripheral vascular devices for atherosclerosis. Furthermore, rising approval and increase in the R&D for treatment of atherosclerosis are some of the major factors contributing to the segmental growth over the forecast period.
Canada peripheral interventions market will witness substantial growth in foreseeable future. Growing geriatric population, adoption of peripheral intervention device coupled with advanced medical treatment pattern will act as positively influencing factor for the market growth. Furthermore, presence of large patient pool, undiagnosed with PAD, and presence of improving peripheral intervention infrastructure will offer robust expansion opportunities in the country.
Peripheral interventions market in hospitals accounted for highest revenue share in 2018. Increasing patient pool suffering from cardiovascular diseases, thereby increasing hospitalizations, will positively impact the segmental size. Availability of technologically advanced devices coupled with favorable reimbursement policies in hospitals will further boost business growth during the analysis period. Furthermore, advanced healthcare infrastructure, assisting set-up of catheter laboratory will boost hospitals segment expansion in the upcoming years.
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Some major findings of the peripheral interventions market report include:
• The demand for drug-eluting stents and aspiration catheters is increasing across the globe due to benefits such as greater strength and flexibility, that aids in treating complex lesions.
• Technological developments majorly in the developed countries of North America and Asia Pacific is estimated to drive the peripheral intervention market expansion.
• Increasing integration of catheterization laboratories with novel devices including robotic systems by hospitals will augment peripheral interventions market growth.
• Boston Scientific Corporation is among the top industry players owing to robust investment in product innovation and expansion in interventional oncology segment.
Market players are focusing on geographical expansion by adopting various strategies such as acquisitions, mergers, strategic collaborations and partnership to gain significant revenue share and sustain industrial competition. In September 2019, OrbusNeich Medical K.K., a Japanese firm, declared that the Japan Ministry of Health, Labour, and Welfare has approved the COMBO Plus Coronary Stent. The pioneer drug-eluting stent couples the patented endothelial progenitor cell capture technology with an abluminal sirolimus drug elution dispensed from a biodegradable matrix polymer. Such approvals will facilitate robust industry expansion in the foreseeable future.
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Related Report:
Global Peripheral Vascular Interventions Market Insights, Forecast to 2025
This research report categorizes the global Peripheral Vascular Interventions market by top players/brands, region, type and end user. This report also studies the global Peripheral Vascular Interventions market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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