Peripheral Angioplasty Market is Projected to Grow to USD 7.14 Billion by 2032, at a CAGR of 7.90 % during forecast
Apr 18, 2024
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Peripheral Angioplasty Market Research Report Information By Product (Balloon Catheters, Stents, and Guidewires), By End User (Hospitals, Ambulatory Surgical Centers, and Cardiac Catheterization Centers) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
The Peripheral Angioplasty Market size will rise from USD 3.9 Billion in 2023 to USD 7.14 Billion by 2032, at a rate of 7.90% between 2024 -2032.
Minimally invasive peripheral angioplasty is used in percutaneous transluminal angioplasty (PTA) to treat peripheral artery disease (PAD). In the field of medicine, it is commonly used for clearing constricted or blocked arteries of peripheral circulation especially those found in the lower limbs.
Peripheral angioplasty takes place when a small and flexible catheter with an uninflated balloon is put into the affected artery. By using fluoroscopy or angiography, the catheter is advanced through to the obstruction. The blockage can be relieved by inflating the balloon thereby widening the arterial lumen and squashing down on plaques or fatty deposits against arterial walls and allowing blood flow once more.
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Market USP Covered:
Market Drivers:
In the past few decades, better tubes, balloons, stents, and guidewires have made peripheral angioplasty treatments safer and more efficient.
When compared to open surgery, peripheral angioplasty is a technique that causes less damage. It also has other benefits, such as a shorter stay in the hospital, less pain after surgery, a shorter healing time, and a lower risk of problems.
Developing healthcare facilities is becoming more and more important in emerging areas like Asia, Latin America, and the Middle East.
Innovation in peripheral angioplasty procedures can be achieved through collaborations between medical device manufacturers, healthcare providers as well as research institutions thus enhancing quality.
A subject of utmost importance that personalized medicine has become where treatment tailored specifically to an individual will yield the best results possible.
The peripheral angioplasty market is embracing drug-coated devices such as drug-eluting stents (DES) or/and drug-coated balloons (DCBs), which provide medicine that combats restenosis along the arterial wall after treatment
Bioresorbable products like bioresorbable stents are gaining popularity within the peripheral angioplasty market. These items consist of substances that slowly disintegrate or vanish away from the human anatomy system with time.
Market Restraints:
Peripheral Artery Disease (PAD) still remains a mystery for many patients and doctors despite being known to them. As a result, PAD is often misdiagnosed or underdiagnosed leading to delays in treatment and inefficient use of peripheral angioplasty.
There are medical facilities found in rural areas or disadvantaged areas which do not have infrastructures nor knowledge on how to conduct peripheral angioplasties. Hence this leads to equity in care because it occasions failure to timely and effective therapy administration towards patients.
Higher costs associated with carrying out these procedures like device costs and other hospital bills for peripheral angioplasty may be high.
Key Players
MRFR recognizes the following companies as the key players in the global Peripheral Angioplasty Market— Edwards Lifesciences Corporation, B. Braun Melsungen AG, Cook Medical, Johnson & Johnson, Terumo Corporation, Medtronic, Abbott Laboratories, and Boston Scientific Corporation.
Browse In-depth Market Research Report (128 Pages) on Peripheral Angioplasty: https://www.marketresearchfuture.com/reports/peripheral-angioplasty-market-16133
Market Segmentation
The peripheral angioplasty market, based on product type, is divided into balloon catheters, stents and guidewires.
End User Based Segmentation covers hospitals, ambulatory surgical centers and cardiac catheterization centers
Regional Analysis
Due to the high prevalence of cardiovascular diseases and a growing elderly population that pushes the market, North American Peripheral Angioplasty will dominate this region's market. Besides, the United States registers a rise in cases of cardiovascular diseases, which leads to increases in competitiveness within the market. Additionally, most leading industry players are situated in North America.
North America dominates the peripheral angioplasty market, attributed to well-established healthcare infrastructure, high adoption of advanced medical technologies, and a large patient pool suffering from PAD. The presence of key market players and favorable reimbursement policies further fuel market growth in this region.
Europe follows North America in market share, with countries like Germany, the UK, and France being the major contributors. The region benefits from a growing geriatric population and increasing awareness about peripheral vascular diseases. Moreover, supportive government initiatives and investments in healthcare infrastructure drive market expansion.
Asia Pacific is poised to witness the fastest growth in the peripheral angioplasty market. Factors such as the rising prevalence of lifestyle-related diseases, improving healthcare infrastructure, and increasing healthcare expenditure contribute to market growth. Countries like China, India, and Japan offer significant growth opportunities for market players.
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