Peripheral Vascular Devices Market is Expected to Reach USD 7.8 Billion Globally in 2018: Transparency Market Research

ALBANY, New York, May 2, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Peripheral Vascular Devices Market (Peripheral Vascular Stents, PTA Balloon Catheters, Guidewires, IVC Filters, Atherectomy, Chronic Total Occlusion, Embolic Protection Devices, Synthetic Surgical Grafts, Aortic Stents) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global peripheral vascular devices market was valued at USD 4.8 billion in 2011 and is estimated to reach a market worth USD 7.8 billion in 2018 at a CAGR of 7.1% from 2012 to 2018.

Browse the full report at http://www.transparencymarketresearch.com/peripheral-vascular-devices-market.html

The growth of the peripheral vascular devices market is driven by factors such as rising incidence of peripheral vascular diseases, increasing minimally invasive procedures and the aging population. The Asia-Pacific region offers future growth prospects to the peripheral vascular devices industry owing to vast unmet medical needs and rising disposable income of patients.

Geographically, the North American peripheral vascular devices market held majority of the market share of approximately 41% in 2011 owing to its developed economy. However, due to rise in aging population and increase in number of peripheral and lower limb procedures, the demand for peripheral vascular devices is expected to increase in the coming years. Emerging countries such as India, China and other Latin American countries will see a healthy growth in the study period. Economic growth and improvements in healthcare facilities in emerging economies is expected to boost the demand in these regions. However, with a double digit growth rate, the Asia-Pacific region will emerge as the fastest growing market due to the rapidly growing population, growing economies, increasing awareness and rising disposable incomes.

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Peripheral vascular stents represented the largest segment of the total peripheral vascular devices market accounting for more than 25% share in 2011, whereas embolic protection devices represent the fastest growing segment during the forecast period. New market players are coming up with next-generation products which address the issues raised by surgeons regarding earlier products and meet their demands.

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Some of the key players in this market include Abbott Vascular, Boston Scientific Corporation, Cordis Corporation, Medtronic Inc. and others. Large players acquire smaller players to expand their current peripheral vascular devices portfolio and also to expand their geographical presence.

The peripheral vascular devices market is segmented as follows:

  • Peripheral Vascular Devices Market, by Segment

    Peripheral vascular stents

    Peripheral transluminal angioplasty balloon catheters    

    PTA Guidewires

    Atherectomy devices

    Chronic total occlusion devices

    Aortic stents

    Synthetic surgical grafts

    Embolic protection devices

    Inferior vena cava filters

  • Peripheral Vascular Devices Market, by Geography

    North America

    Europe

    Asia-Pacific

    RoW

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research




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