May 19, 2020
As per the report titled ‘Peripheral Interventions Market Size By Product , By Application, By End-use, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report LLC, global peripheral interventions market is projected to witness substantial growth during 2020-2026.
Peripheral vascular interventions are minimally invasive outpatient procedures for treatment of peripheral artery disease, an illness that causes plaque buildup inside the arteries that reaches to the intestines, arms, legs, and the head.
Rising prevalence of cancer and other chronic diseases across the globe, along with growing patient inclination towards minimally invasive & non-invasive surgical procedures are the primary growth drivers of global peripheral interventions market.
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Based on product type, embolic devices segment is poised to see robust growth during the forecast period. Embolic devices are regularly used in carotid stenting and are tested for renal artery and peripheral interventions. Increasing prevalence of cardiovascular, neurovascular, and peripheral disorders is the primary factor driving the product demand.
Elaborating on the application scope, others segment which include various chronic diseases such as diabetes is anticipated to amass modest gains in the forthcoming years. The growth is attributable to increasing consumption of unhealthy diet with excessive fat and sugar content, coupled with less physical activity that has led to an increased number of people suffering from chronic conditions.
Speaking of the end-use spectrum, hospitals segment accounted for considerable share in peripheral interventions market in recent past, on account of the growing patient preference to undergo treatment in hospitals. These settings offer high credibility and have advanced healthcare devices along with highly skilled professionals.
Considering the regional outlook, Latin America peripheral interventions market is projected to exhibit strong growth trends over the forecast timeline, owing to favorable government initiatives and policies for peripheral intervention procedures across the region.
Prominent players in global peripheral interventions market are AngioDynamics, Abbott Laboratories, Biotronik SE & Co. KG, Cook Medical, Boston Scientific, W.L. Gore & Associates, Teleflex Inc., Cardinal Health, Medtronic plc, C.R. Bard (Becton and Dickinson Company), Terumo Corporation, Meril Life Sciences Pvt. Ltd., B. Braun Melsungen AG, and DePuy Synthes (Johnson and Johnson).