CHICAGO, Feb. 21, 2019 /PRNewswire/ -- According to the new market research report "Peripheral Vascular Devices Market by Type (Angioplasty Balloon, Stent, Catheters (Angiography, IVUS), Plaque Modification (Atherectomy, Thrombectomy), Hemodynamic Flow Alteration (Embolic Protection), IVC Filters, Guidewires) - Global Forecast to 2024", published by MarketsandMarkets™, the Peripheral Vascular Devices Market is projected to reach USD 14.4 billion by 2024 from USD 10.3 billion in 2019, at a CAGR of 6.8%.
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Growth in this market is largely driven by the rapid growth in the geriatric population and the associated increase in the prevalence of peripheral vascular diseases, approval of new and advanced products, and the growing preference for minimally invasive surgeries.
Old/normal balloons segment accounted for the largest share of the angioplasty balloons market in 2018.
On the basis of type, the angioplasty balloons market is segmented into old/normal balloons, cutting and scoring balloons, and drug-eluting balloons. In 2018, the old/normal balloons segment accounted for the largest share of the angioplasty balloons market. The large share of this segment can be attributed to the large number of plain old balloon angioplasty (POBA) procedures carried out across the globe.
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Atherectomy devices segment accounted for the largest share of the plaque modification devices market in 2018.
On the basis of type, the plaque modification devices market is segmented into atherectomy devices and thrombectomy devices. In 2018, the atherectomy devices segment accounted for the largest share of the plaque modification devices market, mainly due to the increasing incidence of atherosclerosis as a result of the rising global prevalence of obesity.
North America accounted for the largest share of the peripheral vascular devices market in 2018.
North America accounted for the largest share of the peripheral vascular market in 2018. The large share of this segment can primarily be attributed to the rising incidence of cardiovascular diseases, growing geriatric population, and the strong presence of industry players in the region.
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Some of the major players in the peripheral vascular devices market include Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KG (Germany).
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