(PharmaNewsWire.Com, November 10, 2021 ) According to the new market research report Peripheral Vascular Devices Market - Global Forecast to 2025", published by MarketsandMarkets™, the Peripheral Vascular Devices Market is projected to reach USD 12.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 6.5%.
Browse in-depth TOC on "Peripheral Vascular Devices Market"
COVID -19 Impact on the Peripheral Vascular Devices Market
In the last few months, the number of patient visits to hospitals has reduced significantly, despite emergency and OPD services being available in hospitals. Before commencing any interventional procedure, surgeons run through a series of clinical tests to decide the best treatment for patients. However, due to the lockdown in many countries, patient visits to hospitals have reduced significantly. As a result, the number of diagnostic tests has reduced. This has further reduced the sales of peripheral vascular devices.
North America accounted for the largest share of the peripheral vascular devices market in 2019
Based on the region, the peripheral vascular devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2019, North America accounted for the largest share of the peripheral vascular devices market. The large share of North America can be attributed to factors such as the increasing prevalence of diabetes, rising aging population, availability of reimbursement, and the presence of all key players.
Prominent players in the peripheral vascular devices market are Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson, and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KG (Germany).
Recent Developments:
- In 2020, Terumo has received US FDA approval for its TREO Abdominal Aortic Stent-Graft System
- In 2018, Received FDA Mark approval for Eluvia, a drug-eluting vascular stent system for the treatment of peripheral artery disease (PAD).
- In 2019, Terumo launched MISAGO RX Self-expanding Peripheral Stent for treating peripheral artery disease in Japan
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