Peripheral Artery Disease Market

IMARC Group, a leading market research company, has recently releases report titled “Peripheral Artery Disease Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry,including the global peripheral artery disease market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big Is The Peripheral Artery Disease Market?

The global peripheral artery disease market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.94% during 2023-2028.

What are Peripheral Artery Disease?

Peripheral artery disease (PAD) represents a cardiovascular disorder in which constricted arteries restrict blood flow to the limbs. It results in leg numbness, feet or toe sores, hair loss, painful cramps in hips and thighs, coldness and weak pulse, erectile dysfunction among men, etc. PAD is caused when a plaque, also known as atherosclerosis, develops in leg arteries that carry nutrient-rich blood and oxygen through the heart to the arms and legs. It is diagnosed using various techniques, such as ultrasound scan, angiography, blood tests, the ankle-brachial index, Doppler and ultrasound (duplex) imaging, magnetic resonance angiography (MRA), computed tomographic angiography (CT), etc

What Are The Growth Prospects And Trends In The Peripheral Artery Disease Industry?

The changing lifestyles of individuals, the rising adoption of unhealthy dietary patterns, alcoholism, and obesity, on account of the lack of physical activities, are among the primary factors driving the peripheral artery disease market. Besides this, the emerging trend of minimally invasive surgeries (MIS), owing to less postoperative pain, fewer operative and major complications, shortened hospital stay, faster recovery times, and less stress on the immune system, is further augmenting the market growth.

Moreover, the launch of several policies by the government bodies to promote and spread awareness in individuals towards the benefits of PAD devices is also catalyzing the global market. Apart from this, the escalating prevalence of cardiac illnesses, especially among the geriatric population and the expanding healthcare industry, are acting as significant growth-inducing factors. Furthermore, the rising focus of the leading players on mergers and acquisitions (MA) to develop effective treatment options is anticipated to propel the peripheral artery disease market over the forecasted period

What Is Included In Market Segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Peripheral Angioplasty Balloons
  • Peripheral Stents
  • Peripheral Catheters
  • Inferior Vena Cava (IVC) Filters
  • Plaque Modification Devices
  • Hemodynamic Flow Alteration Devices
  • Peripheral Accessories

Breakup by End User:

  • Hospitals
  • Specialty Clinics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including:

  • Abbott Laboratories
  • AngioDynamics
  • Braun Melsungen AG
  • Becton Dickinson and Company
  • Biotronik SE & Co. KG
  • Boston Scientific Corporation
  • Cardinal Health Inc.
  • Cook Medical LLC
  • Koninklijke Philips N.V.
  • Medtronic plc
  • and Terumo Corporation.

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