Peripheral Vascular Devices Market to Develop at a CAGR Of 7.1% till 2018 owing to Rise in Health Awareness and Increasing Disposable Income: Transparency Market Research

Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- A new report has been published by Transparency Market Research, titled "Peripheral Vascular Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018". TMR, a market intelligence company based in the U.S., states that the global peripheral vascular devices market was worth US$4.8 billion in 2011 and is expanding at a CAGR of 7.1% during the forecast horizon 2012-2018 and is expected to reach US$7.8 billion by 2018.Arteries outside the heart and the brain become narrow when affected by peripheral vascular disease. Risk components for the development of PVD incorporate hypertension, corpulence, diabetes, and smoking. More than 5% of the population over the age of 50 years suffers from PVD. Inadequate blood pressure and narrowing of arteries are the most well-known ailments caused by plaque buildup in arteries.

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As per this TMR report, the major segments in the market include peripheral transluminal angioplasty balloon catheters, peripheral vascular stents, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, embolic protection devices, and inferior vena cava filters. Embolic protection devices are the most swiftly growing segment in the total peripheral vascular devices market. The peripheral vascular stents segment is further classified into fem-pop, iliac, renal, and carotid. Atherectomy devices are further segmented into rotational atherectomy devices, orbital atherectomy devices, directional atherectomy devices, and laser atherectomy devices.

This report states that the development of the global peripheral vascular devices market is boosted by the rate of population growth worldwide and the high occurrence of peripheral vascular diseases because of an expanding geriatric population. Rise in health awareness and increasing expendable earnings and technological advances are other imperative factors driving the development of the market. According to this TMR report, the global peripheral vascular devices market is segmented into North America, Europe, Asia, and Rest of the World (RoW). The biggest contribution in the peripheral vascular devices market is made by North America. Likewise, according to market conjecture, it is foreseen that the Asia Pacific peripheral vascular devices market will witness the highest rate of development in the nearby future, due to ideal monetary and demographic conditions as well as an increasing population.

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Prime players across the four regions of the global peripheral vascular devices market include Abbott Laboratories, Angioscore, Inc., Boston Scientific Corporation, C.R.Bard Inc., Cook Group, Inc., Cordis Covidien plc, Edward Lifesciences Corporation, Medtronic, St. Jude Medical, Volcano Corporation.

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Source:Transparency Market Research