New York, NY, June 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “PAD Medical Device Market by Type (Peripheral Vascular Stent, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Embolic Protection Device, and Inferior Vena Cava Filters) and by End-User (Hospitals, Cardiac Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global PAD medical device market was approximately USD 3,675 million in 2018 and is expected to generate around USD 5,774 million by 2025, at a CAGR of around 6.68 % between 2019 and 2025.
Peripheral artery disease (PAD) can be fatal if remains undiagnosed. The most common symptom of PAD is arteries in the legs get clogged or narrow down due to fat deposition or less blood flow to the legs. This, in turn, may result in muscle pain in legs, disability in walking, amputation, or basically a low quality of life. Blocked peripheral arteries in the legs can also pose a threat to the arteries in the heart, brain, and kidneys. PAD medical devices are non-invasive vascular diagnostic devices that primarily help in PAD detection. There are numerous factors responsible for the growth of the PAD medical device market globally, such as an alarming increase in cardiac ailments. These ailments include cerebrovascular diseases, coronary heart diseases, rheumatic heart disease, etc. The prime reasons behind these ailments are drastic changes in lifestyle, adoption of harmful products like tobacco, cigarettes, unhealthy diets, and less physical activity.
Browse through 37 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global PAD Medical Device Market: By Type, Industry Size, Share, Applications, Trends, Analysis and Forecast, 2018–2025”.
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The global PAD medical device market is categorized based on type and end-user. Based on type, the PAD medical device market includes a peripheral vascular stent, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, embolic protection device, and inferior vena cava filters. Peripheral vascular stents are expected to account for a major market share and grow at a significant rate in the future. Based on end-user, the PAD medical device market is segmented into hospitals, cardiac centers, and others. The hospitals segment accounted for the major market share in 2018.
North America is expected to lead the PAD medical device market over the prediction time period, due to the high regional prevalence of cardiac and urological ailments, a large number of research institutes, and the presence of developed healthcare infrastructure in the U.S. and Canada. Furthermore, the high adoption rate of advanced technology and changing peripheral artery disease treatment procedures are also supporting the PAD medical device market.
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Europe is estimated to hold the second spot globally over the projection time period in terms of revenue. This can be attributed to the presence of a huge obese population base, high cholesterol levels of the regional population, rise in the occurrence of kidney diseases, and continuous innovations in research and development facilities in the region together with technological development.
Asia Pacific is expected to register a high CAGR over the prediction timeframe, owing to the presence of emerging economies of India and China and a steady increase in the acceptance of PAD medical devices. Furthermore, the existence of emerging healthcare setup and improved affordability and technical advancements are also projected to drive the region’s PAD medical device market in the future. Additionally, the growing awareness of PAD medical devices due to an alarming increase in obesity, caused by absurd lifestyle changes, is also boosting the PAD medical device market in this region.
Browse the full “PAD Medical Device Market by Type (Peripheral Vascular Stent, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Embolic Protection Device, and Inferior Vena Cava Filters) and by End-User (Hospitals, Cardiac Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/pad-medical-device-market
Latin America and the Middle East and Africa are expected to grow moderately over the prediction timeline, due to favorable government initiatives and reimbursement policies and growing consciousness among the regional people about the advanced non-interventional treatment methods for peripheral artery disease treatment options.
The key players of the global PAD medical device market include Gore, Boston Scientific, FierceBiotech, Medtronic, C.R. Bard, Johnson & Johnson, Abbott Laboratories, Angioscore Inc., Edward Lifesciences, Teleflex Medical, St. Jude Medical, Volcano Corporation, Cook Group, Cordis Corporation, and Bayer.
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This report segments the global PAD medical device market into:
Global PAD Medical Device Market: Type Analysis
- Peripheral Vascular Stent
- Peripheral Transluminal Angioplasty Balloon Catheters
- PTA Guidewires
- Atherectomy Devices
- Chronic Total Occlusion Devices
- Aortic Stents
- Synthetic Surgical Grafts
- Embolic Protection Device
- Inferior Vena Cava Filters
Global PAD Medical Device Market: End-User Analysis
- Hospitals
- Cardiac Centers
- Others
Global PAD Medical Device Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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