Peripheral Vascular Devices And Equipment Global Market To Reach Value Over $6 Billion In 2025

The peripheral vascular devices and equipment market consists of sales of peripheral vascular devices and equipment and related services. Peripheral vascular devices and equipment are used to treat peripheral vascular diseases which are slow and progressive blood circulation disorders caused by blockages, narrowing or spasms in blood vessels outside the heart and brain including arteries and veins. These devices can be classified into peripheral vascular stents, percutaneous transluminal angioplasty balloons, PTA drug-eluting balloons, embolic protection devices, inferior vena cava filters, Aortic stent grafts, synthetic surgical drafts and peripheral guide wires.

Global Peripheral Vascular Devices And Equipment Market Size And Drivers:

The global peripheral vascular devices and equipment market is expected to grow from $4.85 billion in 2020 to $5.33 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.4 billion in 2025 at a CAGR of 4.7%. The peripheral vascular devices and equipment market is driven by the rising number of people with peripheral artery diseases.

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Trends In The Global Peripheral Vascular Devices And Equipment Market

Bio-absorbable stents are gaining popularity in the peripheral vascular devices and equipment market in order to eliminate thrombogenic risk factors and enhance clinical applicability. Bio-absorbable stents are made of natural soluble materials that disappear after insertion and eliminate the risk of late-stent thrombosis. They help in protecting the body from inflammation or reduced blood flow due to late-stent thrombosis (a condition where the stent used for treatment stays inside the body for prolonged period of time). Companies in this market are increasing their focus on developing and commercializing bio-absorbable stents. For instance, in 2020, Boston Scientific is demanded to start its Synergy Megatron bioabsorbable polymer coronary stent system. It is intended for large proximal vessels, including over main, bifurcations, and ostial lesions. It is made in 3.5 mm to 5.0 mm diameters. It owns enhanced strength and the capacity to create tapered vessels.

Global Peripheral Vascular Devices And Equipment Market Segments:
The global peripheral vascular devices and equipment market is further segmented –
By Type: Peripheral Vascular Stents, Percutaneous Transluminal Angioplasty Balloons, Catheters, PTA Guide Wires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Embolic Protection Devices, Inferior Vena Cava Filters
By End User: Hospital Applications, Clinic Applications
By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage
By Geography: The global peripheral vascular devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Peripheral Vascular Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides peripheral vascular devices and equipment market overviews, analyzes and forecasts market size and growth for the global peripheral vascular devices and equipment market, peripheral vascular devices and equipment market share, peripheral vascular devices and equipment market players, peripheral vascular devices and equipment market segments and geographies, peripheral vascular devices and equipment market’s leading competitors’ revenues, profiles and market shares. The peripheral vascular devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.