Peripheral Interventions Market size to surpass $11.5 Bn by 2026

Peripheral Interventions Market value is expected to cross USD 11.5 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Increasing prevalence of cardiovascular diseases coupled with technological advancements in treatment procedures will accelerate demand for peripheral interventions devices. Furthermore, increasing adoption of non-invasive treatment procedures in peripheral interventions will escalate peripheral interventional devices market growth. Moreover, rising number of catheterization laboratories will offer lucrative growth potential to interventional market during forecast period.

 

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Growing adoption of interventional devices for cardiovascular disorder treatment will offer lucrative growth opportunities

Increase in number of geriatric patients vulnerable to several cardiac disorders will boost the demand for peripheral interventions devices in the upcoming period.  According to the World Health Organization, cardiovascular diseases are leading cause for death, responsible for over 17.9 million deaths each year. Rising prevalence of these diseases has resulted in significant increase in adoption of non-invasive procedures that will boost peripheral interventions devices market. Moreover, increase in healthcare expenditure and government initiatives during projected timeframe will stimulate demand for interventional devices.
 

North America Peripheral Interventions Market

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Rising adoption of non-invasive treatment procedures will accelerate demand for stents

Peripheral interventions market by product includes catheters, sheath, stents, guide wires, atherectomy devices, embolic devices, thrombectomy devices, IVC filters and others. Further, stents are classified as bare metal stents and drug eluting stents. Catheter market was valued over USD 1.5 billion in 2019 and will witness lucrative growth over the given timeframe. Owing to increasing adoption of non-invasive procedures, catheter market will foresee augmented growth. Moreover, rising prevalence of vascular diseases among geriatric population will escalate demand for catheters in peripheral interventions thereby stimulating interventional devices market growth during projected period.
 

Browse key industry insights spread across 246 pages with 306 market data tables & 12 figures & charts from the report, Peripheral Interventions Market Size By Product (Catheters, Sheath, Stents {Bare Metal Stents, Drug-eluting Stents}, Guide Wires, Atherectomy Devices, Embolic Devices, Thrombectomy Devices, IVC Filters), By Application (Vascular Diseases {Peripheral Artery Disease, Venous Thrombosis, Atherosclerosis, Varicose Veins}, Cancer), By End-use (Hospitals, Catheterization Laboratories, Ambulatory Surgical Centers), Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026 in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/peripheral-interventions-market
 

Cancer treatment market is poised to progress rapidly offering demand for interventional devices

Peripheral interventions market by applications include vascular diseases, cancer and others. Further, vascular diseases are further classified as peripheral artery disease, venous thrombosis, atherosclerosis, varicose veins and others. Cancer peripheral interventions devices market will grow at significant 8.8% CAGR over the analysis timeframe. Growing incidence of cancer due to changing lifestyle and adoption of unhealthy habits will boost the demand for peripheral interventions procedures in cancer. Moreover, technological advancements in devices will further accelerate the peripheral interventions industry expansion in the forthcoming years.
 

Increasing investments in catheterization laboratories will foster interventional devices market

Catheterization laboratories market is expected to witness lucrative growth of 10.1% CAGR during forecast period. Presence of advanced infrastructure, skilled healthcare professionals and technology will increase demand for peripheral interventions procedures in these facilities. Thus, increasing number of catheterization laboratories coupled with rising expenditure on peripheral interventions will boost demand for interventional devices.
 

Increasing expenditure on cardiovascular disorders government will escalate market growth in Asia Pacific

Asia Pacific peripheral interventions market will grow at significant 9.0% CAGR during projected period. Rising disposable income and changing healthcare infrastructure will drive the demand for peripheral interventions devices. Moreover, increasing prevalence of life-style related diseases coupled with rising investments in catheterization labs will result into increase in number of peripheral interventions procedures that will offer lucrative growth potential to interventional devices industry in the region.
 

Adoption of inorganic growth strategies by market players will provide lucrative growth prospect for market growth

Some of the notable players operating in the peripheral interventions market share include Cardinal Health, DePuy Synthes, Abbott laboratories, Medtronic and C.R. Bard among others. These business leaders primarily focus on strategic alliances such as acquisitions & mergers, partnerships & collaborations and novel product launch to broaden their product portfolio and capitalize on market opportunities. For instance, in August 2019, Cook Medical launched new support catheter with platinum-iridium marker band. These product innovations will strengthen firm’s product portfolio in interventional devices market providing business expansion opportunities.
 

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