According to a new report published by Allied Market Research, titled, “Vascular Disease Devices Market: Global Opportunity Analysis and Industry Forecast, 2021-2030” The global vascular disease devices market was valued at $26,522.24 million in 2020, and is projected to reach $ 51,802.14 million by 2030, registering a CAGR of 6.50% from 2021 to 2030. Vascular diseases are conditions that affect natural blood circulatory system of the body. Vascular diseases include peripheral artery disease (PAD). The vascular diseases include stroke, peripheral artery disease (PAD), abdominal aortic aneurysm (AAA), carotid artery disease (CAD), arteriovenous malformation (AVM), critical limb-threatening ischemia (CLTI), pulmonary embolism (blood clots), deep vein thrombosis (DVT), chronic venous insufficiency (CVI), and varicose veins.
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The specially designed devices such as vascular stents, balloons, and catheters, are used to treat vascular malfunction or plaque from veins to restore the natural blood flow. Stents are often used to treat narrowed coronary arteries that supply the heart with oxygen-rich blood. The stent holds open the narrowed arteries to allow adequate blood to flow to the heart. In balloon angioplasty, a balloon is attached to a catheter that’s inserted into an artery and at the place where deposits of plaque have closed off or narrowed the channel for blood flow, the balloon is inflated.
The growth of the global vascular disease devices market is majorly driven by an increase in vascular diseases, such as atherosclerosis, pulmonary embolism, deep vein thrombosis, and other cardiac disorders as well as increase in number of hospitals and surgery centers boost the diagnosis and treatment of diseases. For instance, according to the report of the American Heart Association, in 2019, 197.2 million people were living with ischemic heart disease (IHD). In addition, an increase in cardiovascular disorders is one of the key drivers of the market. According to the World Health Organization (WHO), an estimated 17.9 million people died from cardiovascular diseases (CVDs) in 2019.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/15951
The impact of COVID-19 pandemic is expected to remain negative for the global vascular disease devices market. The companies are facing a setback, owing to the lock-down, which led to a drop in the manufacturing and the patient flow reduced substantially. In addition, wave of COVID-19 has created burden on hospitals, resulting in cancellation or delayed vascular surgeries. However, the advancements in vascular devices and improved healthcare infrastructure will boost the growth of the vascular disease devices market post-pandemic.
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:
- The report provides an in-depth analysis of the global vascular disease devices market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global vascular disease devices market growth.
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Major players operating in the market include Medtronic, Boston Scientific Corporation, Abbott Laboratories, Becton Dickinson and Company, Terumo Corporation, Cordis, B. Braun Melsungen Ag, Ivascular, Merit Medical, and Koninklijke Philips N.V.
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