Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Peripheral Vascular Devices - Global Pipeline AnalysisThe Global Peripheral Vascular Devices Market is Expected to Grow at a CAGR of 6% during 2010–2017
By: GlobalData billion by 2017 at a Compound Annual Growth Rate (CAGR) of 6%. The increasing incidence of peripheral vascular diseases (PVD) and other non-coronary vascular diseases is the major factor expected to drive the growth in the global peripheral vascular devices market. Technological advancements, significant market opportunity and relatively un-penetrated emerging markets are also expected to drive the market. Market growth can be further attributed to new indications of the femoral and carotid arteries, increasing awareness of screening in the population, improved physician training and technological advancements in treatment. The US contributed 49% towards the global peripheral vascular devices market in 2010. The US market was valued at $2.1 billion in 2010 and is forecast to grow at a CAGR of 6% to reach $3.2 billion in 2017. The PTA balloons market valued $674.4m in 2010 will continue to be the largest segment growing at a CAGR of 3% to reach $853m by 2017. The demand for PTA balloons in the US is primarily driven by the increasing diagnosis and screening of PVD and the increasing acceptance of peripheral angioplasty procedures due to technical improvements and reduced costs. Furthermore, the market is expected to be driven by the increasing elderly population, in particular in developed markets such as the US, Japan, Germany, Italy and France, a factor which raises the incidence rate of peripheral artery diseases (PAD) and aneurysms. The expansion of the elderly population, in particular in developed markets such as Japan, Germany, Italy and France, is contributing to increasing incidence rates of PVD and aortic aneurysms such as Abdominal Aortic Aneurysm (AAA). The percentage of the global population above the age of 60 stood at 11% in 2010 and is expected to reach 17% by 2030. As the risk of developing PVD increases with age, a growing elderly population translates into a growing incidence of PVD. The rise of the diseased population not only creates a larger patient base for peripheral vascular devices, but also puts pressure on regulatory bodies to quickly and efficiently meet the growing need for devices. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ Risk factors such as smoking, increase in body cholesterol levels, hypertension and genetic makeup influences the prevalence rate of PVD. The asymptomatic nature of PVD and aortic aneurysms is a significant factor contributing to the low level of treatment-seeking behavior and ineffective treatment procedures. However, this situation has changed in the past few years, as the healthcare associations of a number of countries implement screening initiatives and awareness campaigns. Treatment modalities and methods have considerably improved during the last several years, and this trend is expected to continue. In addition, a large number of prospective pipeline products and ongoing clinical studies will ensure the continued growth of this market. In 2010, Cordis Corporation, Abbott Vascular and Boston Scientific Corporation were the leading companies in the global peripheral vascular devices market, with market shares of 16%, 16% and 14% respectively. The lack of a clear market leader indicates intense competition in the peripheral vascular devices segment. The increasing complexity of design requirements for peripheral vasculature, broad specifications and differences in various types of PVDs all contribute to the fact that no single company dominates the market. GlobalData’s new report, “Peripheral Vascular Devices - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global peripheral vascular devices market. The report provides market landscape, competitive landscape and market trends information on the peripheral vascular devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage including oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. End
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number