Hyderabad, India -- (SBWire) -- 02/19/2018 --The report "Peripheral Vascular Device Market by by product type (Normal balloon, Cutting balloon, Scoring Balloon, Drug coated balloon)By Material(Non-Compliant Balloons, Semi-Compliant Balloons) By stents(Balloon expandable stent, Self-expandable stents,Covered stents), By Devices(Angioplasty Balloons and Stents , Catheters, Hemodynamic Flow Alteration Devices ,Plaque Modification Devices ,Vena Cava Filter Placement Devices, Mechanical Atherectomy Devices, Accessory Devices) - Forecast to 2021", The Peripheral Vascular Device market is expected to reach USD 10.249 Billion by 2021 from an estimated USD 7.239 Billion in 2016, at a CAGR of 7.2%. The key factors such as upsurge of peripheral vascular diseases, change in way of life and maturing population and the innovative technology in the development of new devices are driving the growth of the global market.
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By product type, the stents segment accounted for the largest share of the market in 2016
On the basis of products, the Peripheral Vascular Device market has been segmented into stents, embolic protection devices, angioplasty balloons, aortic stent grafts, inferior vena cava filters, synthetic surgical grafts, peripheral vascular accessory devices, vascular closure devices, chronic total occlusion (CTO) devices, PTA balloon catheters. The angioplasty balloon is further divided on the basis of items (ordinary, cutting, scoring and medication covered) and on the material utilized (resistant and semi consistent sorts). In view of stents the market is further segmented as balloon expandable stent, self-expandable stents and secured stents.
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North America accounted for the largest share of the Peripheral Vascular Device market in 2016, followed by Europe. The large share of the Peripheral Vascular Device market in North America can be attributed to the growth in technology, growing disposable incomes, and the rising incidence of vascular ailments. Europe holds the second major market for Peripheral Vascular Device owing to acceptance of advanced technology in biotechnology and research sector and innovation technologies.
The various players in the Peripheral Vascular Device market include Abbot Laboratories, Angioscore, Boston Scientific Corporation, Bayer AG, Emboline INC among numerous others.
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