Peripheral Vascular Devices Market to Develop at a CAGR Of 7.1% till 2018 owing to Rise in Health Awareness and Increasing Disposable Income A new report has been published by Transparency Market Research, titled “Peripheral Vascular Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 2018�. TMR, a market intelligence company based in the U.S., states that the global peripheral vascular devices market was worth US$4.8 billion in 2011 and is expanding at a CAGR of 7.1% during the forecast horizon 2012-2018 and is expected to reach US$7.8 billion by 2018. Arteries outside the heart and the brain become narrow when affected by peripheral vascular disease. Risk components for the development of PVD incorporate hypertension, corpulence, diabetes, and smoking. More than 5% of the population over the age of 50 years suffers from PVD. Inadequate blood pressure and narrowing of arteries are the most well-known ailments caused by plaque buildup in arteries.
Peripheral vascular disease (PVD) is narrowing of arteries outside brain and heart. Risk factors for the growth of PVD include hypertension, obesity, diabetes and smoking. More than 5% of the population above age 50 years suffers from PVD. Peripheral vascular devices are used for the treatment of these blocked arteries and remove the buildup plaque. Factors such as rapidly growing geriatric population, increasing incidences of peripheral vascular devices, rising minimally invasive surgeries support the growth of peripheral vascular devices market globally. For instance, it has been estimated that globally around 20% of the total population above the age of 65 years are affected by peripheral vascular diseases. In addition, changing lifestyle and increasing healthcare awareness, surge in high risk factors such as smoking and diabetes contributes towards increase in incidence rate of peripheral vascular diseases which would stimulate the growth of peripheral vascular devices market globally. The research report on peripheral vascular devices market provides detailed analysis of the global market and helps in understanding the driving forces for the growth of these devices. The market overview section of the report discusses the market dynamics that include drivers, restraints and opportunities influencing the market. In addition, this section covers market attractiveness analysis (by geography) for the year 2011 and Porter’s Five Forces analysis for the global peripheral vascular devices market.