Arteries transport blood to the head, limbs, and other organs. Peripheral vascular diseases (PVD) result from deposition of artherosclerotic plaque in arteries. PVD includes diseases related to peripheral arteries & peripheral veins, impacting cardiac & peripheral circulation in humans. PVD devices are utilized to treat coronary or peripheral arterial diseases and find applications in peripheral coronary and endovascular practices.
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These devices reduce disturbances during operations. They also ensure minimum interference from patients. The peripheral vascular devices market is estimated to be propelled by rising venous diseases. The other vital propeller comprises old population worldwide, furthering endovascular practices (due to their advantages) involving minimal invasiveness.
Besides, poor eating habits like high tobacco, smoking, & alcohol consumption and lifestyle diseases boost the rates of blood clots, cardiac arrests, and other vascular diseases. This also creates more demand for the peripheral vascular devices market. The market is bifurcated into products and regions.
The nine products are based on their actions. Some of these include peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, chronic total occlusion instruments, and atherectomy instruments. The remaining are embolic protection instruments, aortic stents, inferior vena cava filters, PTA guidewires, and synthetic surgical grafts.
Treatment concerning coronary arteries is generally done using stents. Stents are mesh-tubes and introduced into veins or arteries, or other human routes. They avert or counter a disease brought, restricted flow constriction. Stents & balloons occupy most of the shares in the peripheral vascular devices market.
Asia Pacific, North America, rest of the world, and Europe are the four regions into which the market is divided. In 2013, North America led the market. Escalating minimally invasive operations, huge medical expenses, and health awareness among patients in the region were responsible for its size. Asia Pacific is predicted to catch everybody’s attention during 2014 to 2020 (forecast period).
This would happen due to many patients with unmet healthcare demands. China and India are witnessing rising patient disposable earnings and better medical infrastructure. This will serve as a forthcoming regional prospect. Major participants working in the global peripheral vascular devices market comprise Angioscore Inc., Abbott Laboratories, Associates Ltd., W.L.Gore, and Volcano Corporation.
Information Source: Grand View Research