Peripheral Vascular Devices Market can be seen in a different perspective as it effectively grows and improve over time expectedly in the years 2021 to 2028 having a compound annual growth rate (CAGR) of 6.9% expected to reach $12.02 billion by 2028.
Peripheral Vascular Devices are utilized for surgical procedures which requires minor to non-invasive procedures with regard to the treatment of peripheral vascular diseases connected with diabetes, hypertension, and even obesity.
Peripheral Vascular Devices Market Growth and Trend
The spike of demand in the market includes the increase of the number of patients suffering from peripheral vascular diseases, a flourishing count in the geriatric population, a surge in the need to have minimally invasive surgical procedures and such other factors that might trigger disease-causing lifestyles. But of course, there are also set backs that can be attributed in the decline of growth of this kind of market--production of failed units/products and recalls.
Restraint in Production and Distribution of Products
The still impending dangers of COVID-19 has exponentially affected the peripheral vascular devices market. Governments all over the world imposed higher restrictions and months-long lock downs to contain the spread of the virus; in return, unwanted delays of product delivery and distribution has caused a slight dent in the peripheral vascular devices market and since then, has created a negative impact on the production and the supply chain.
There is a high demand for these devices because hospitals and medical facilities are in dire need due to shortages of supply, but the facilities’ operations and distribution of the products are greatly affected since the prohibitions laid out in consonance with the COVID-19 safety guidelines must be followed--the peripheral vascular devices market faces a hindrance in terms of providing supplies to its consumers.
During pre-COVID-19, regular healthcare services are commonly availed of by a pool of patient outcomes; on the other hand, the pandemic has shifted this to the availment of emergency services instead of the usual regular one.
Peripheral Vascular Devices Market Segmentation
The market has been known to elaborate segments based on type, these are, Angioplasty stents, Angioplasty balloons, Catheters, Endovascular Aneurysm repair stent grafts, Inferior vena cava filters, Plaque modification devices and Hemodynamic flow alteration devices
In 2021, angioplasty stent segments has the largest share in the peripheral vascular devices market. The boost of growth of the said segment can be accounted for by several factors such as the reduction rate of restenosis in connection with the products and its benefits that includes minimal invasive procedures, accelerated time of recovery and safety from complications.
Peripheral Vascular Devices Market Country Analysis
North America in 2021 has been estimated to top the peripheral vascular devices market because of the surge of demand coupled with the factors attributing to its dominance in the market. This includes the increase in peripheral artery diseases, aortic aneurysm, pulmonary embolisms, increased rate of obesity and diabetics, and other key players.
Peripheral Vascular Devices Market Share and Competition
To name a few key players chartered in the global peripheral vascular devices market includes, Abbott Laboratories (U.S.), Braun Melsungen AG (Germany), Blue Sail Medical Co., Ltd. (China), iVascular (Spain), Koninklijke Philips N.V. (Netherlands) , Medtronic Public Limited Company (Ireland), Nipro Corporation (Japan), TE Connectivity LTD. (Switzerland). These Key Players are chartered through competitive landscapes on the basis of an extensive assessment of product portfolio offerings, geographic presence and development strategies adopted by them in the industry in 2020.
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
With the statistics and figures presented, it can be drawn out that the peripheral vascular devices market has been greatly compromised because of the negative impact brought about by the pandemic. The market suffers from an immense ordeal of having to deal with the challenges of supply and demand.
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Angioplasty Balloons
• Old/Normal Balloons
• Drug-eluting Balloons
• Angioplasty Stents
• Drug-eluting Stents
• Bare Metal Stents
• Balloon-expandable Stents
• Self-expandable Stents
• Angiography Catheters
• Guiding Catheters
• IVUS/OCT Catheters
• Endovascular Aneurysm Repair Stent Grafts
• Abdominal Endovascular Aneurysm Stent Grafts
• Thoracic Endovascular Aneurysm Stent Grafts
• Inferior Vena Cava Filters
• Retrievable Filters
• Permanent Filters
• Plaque Modification Devices
• Atherectomy Devices
• Thrombectomy Devices
• Hemodynamic Flow Alteration Devices
• Embolic Protection Devices
• Chronic Total Occlusion Devices
• Other Devices
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Peripheral Devices Industry Research Report
• Europe Peripheral Devices Industry Research Report
• Asia Pacific Peripheral Devices Industry Research Report
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