Peripheral Vascular Devices Market: Minimally Invasive Surgeries are Driving the Growth

(IT-NEWSWIRE.COM, May 01, 2020 ) The growth of this market is due to the rapid growth in the geriatric population, rising disease prevalence, and the growing preference for minimally invasive products. The demand for these products has also shown significant growth in emerging economies.

Market Growth In 2019, the Global Peripheral Vascular Devices Market was valued at USD 10.3 billion. It is expected to reach USD 14.3 billion by 2024, at a CAGR of 6.8%.

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Geographical Region

By region, North America formed the largest market segment in 2018

North America, Europe, the Asia Pacific, and the Rest of the World (RoW) are the key regional markets for peripheral vascular devices. Of these, North America held the largest market share in 2018, mainly due to the growing geriatric population, a strong base of industry players in the region, and the increasing prevalence of cardiovascular diseases.

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Leading Companies

The leading players in the market are Abbott Laboratories (US), Cardinal Health (US), Biosensors International Group (Singapore), Boston Scientific Corporation (US), iVascular (Spain), Becton, Dickinson and Company (US), Medtronic (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), and BIOTRONIK (Germany).

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Peripheral Vascular Devices Market: Minimally Invasive Surgeries are Driving the Growth