Peripheral Vascular Devices Market Predicts Rise In Demand By 2026
Peripheral Vascular Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Peripheral vascular disease (PVD), also known as arteriosclerosis obliterans, arterial insufficiency of the legs, claudication, or intermittent claudication, is a blood circulation disorder that causes the blood vessels in the heart or brain to narrow, spasm or block. Peripheral vascular disease usually causes fatigue and pain in the legs and particularly during strenuous physical activities, which usually subsides with rest. The blood vessels supplying oxygenated blood to the arms, kidneys, intestines, and stomach are usually affected by the peripheral vascular devices. According to the Center for Disease Control and Prevention, around 12 to 20 percent of the population in the age category of 60 years and above, developed PAD, in 2016. The incidence rate of this disease is steadily increasing. The number of patients suffering from peripheral artery disease is increasing at a steady rate throughout hence the Peripheral Vascular Devices Market is likely to grow at substantial rate over the forecast period. The market growth is likely to be driven by the increasing demand for minimum invasive procedures, and rampant advancements in technology. Nonetheless, the market growth is likely to be hindered by strict regulatory framework as well as the complexities associated with the management and treatment of peripheral vascular diseases.