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The peripheral vascular devices and equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Peripheral Vascular Devices And Equipment Market Size In 2022 And Forecast
The global peripheral vascular devices and equipment market grew from $7.06 billion in 2021 to $7.75 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The peripheral vascular devices and equipment market is expected to grow to $9.54 billion in 2026 at a CAGR of 5.3%.

The peripheral vascular devices and equipment market consists of sales of peripheral vascular devices and equipment and related services.

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Rise In Number Of People With Peripheral Artery Diseases Is Driving The Growth Of The Peripheral Vascular Devices And Equipment Market

According to the Center for Disease Control and Prevention (CDC), approximately 8.5 million people in the USA are suffering from peripheral artery diseases, of which 12-20% are aged above 60 years.

Competitive Landscape And The Regional Analysis Of The Peripheral Vascular Devices And Equipment Market
Major players in the peripheral vascular devices and equipment market are Medtronic, Boston Scientific Corporation, Abbott, Cook group, Angiomed GmbH & Co, Medizintechnik KG, Terumo Corporation, ENDOLOGIX inc, Bolton medical Inc, and JOTEC.

Additionally, as per TBRC’s research – North America was the largest region in the peripheral vascular devices and equipment market in 2021 holding the largest market share.

The Peripheral Vascular Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the peripheral vascular devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the peripheral vascular devices and equipment market.

Developing And Commercializing Bio-Absorbable Stents – A Key Trend In The Peripheral Vascular Devices And Equipment Market
Bio-absorbable stents are gaining popularity in the peripheral vascular devices and equipment market 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 a prolonged period). Companies in this market are increasing their focus on developing and commercializing bio-absorbable stents.

Peripheral Vascular Devices And Equipment Market Segmentation By The Business Research Company

1) By Type: Peripheral vascular stents, Percutaneous transluminal angioplasty balloons, Catheters, PTA guide wires, Atherectomy devices, Chronic total acclusion devices, Aortic stents, Synthetic surgical grafts, Embolic protection devices, Inferior vena cava filters

2) By End User: Hospital applications, Clinic applications,

3) By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage

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