Factors such as rapid growth in the geriatric population and subsequent increase in the prevalence of peripheral arterial disease led to an increase in the peripheral arterial disease market due to increased production approvals. In addition, the increasing incidence of diabetes leads to an increase in the peripheral arterial disease market. However, the problem of restenosis (recurrence of peripheral artery disease even after treatment) hinders market growth.
COVID-19 Impact Analysis:
The peripheral artery disease market is negatively impacted by the pandemic as most countries adopted lockdown to combat the pandemic. In addition, the American College of Surgeons (ACS) has recently developed guidelines for triage of vascular surgery patients, suggesting that non-emergency peripheral vascular procedures such as endovascular therapy for claudication should be postponed. Moreover, in regions severely affected by COVID-19, vascular procedures have been reduced to life or limb salvaging cases, owing to new government directives or hospital guidelines. All these factors are anticipated to impact the peripheral artery disease market as well in the future.
Constantly changing lifestyle habits such as healthy eating habits, excessive alcohol consumption, obesity, smoking and lack of physical activity also lead individuals to suffer from peripheral arterial disease and thus increase the market. For example, according to the American Heart Association, peripheral arterial disease (PAD) affects 8.5 million Americans each year.
𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/4315
According to a new report published by Allied Market Research, titled, “Peripheral Artery Disease Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” the peripheral artery disease market accounted for $3,524.77 million in 2019, and is expected to reach $5,715.12 million by 2027, registering a CAGR of 8.5% from 2020 to 2027. Peripheral arterial disease (PAD) is a common circulatory problem in which narrow arteries reduce blood flow to the organs. PAD usually affects the arteries in the legs and sometimes affects the arteries that carry blood from the heart to the head, arms, kidneys and abdomen. This is due to the accumulation of fat (plaques) in the walls of the arteries, which reduces blood flow to the limbs, limbs and head.
Asia-Pacific is anticipated to be the most lucrative market for peripheral arterial disease. Major factors that attribute toward the fastest growth of this region is presence of large patient pool with unmet medical needs. In addition, growth in healthcare scenario in Asian countries, coupled with growth in GDP and government initiativesare expected to boost growth ofthe peripheral arterial disease market.
𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:
• The study provides an in-depth analysis of the peripheral artery disease market along with current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2019 to 2027, which is expected to enable stakeholders to capitalize on prevailing peripheral artery disease market opportunities.
• The key market players and their strategies have been analyzed to understand the competitive outlook of the peripheral artery disease market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.alliedmarketresearch.com/request-for-customization/4315
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• Abbott Laboratories
• Angiodynamics, Inc.
• B. Braun Melsungen Ag
• Boston Scientific Corporation
• Becton, Dickinson And Company
• Cardinal Health, Inc.
• Cook Medical, Inc.
• Terumo Corporation
𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Internet of Things in Healthcare Market: https://www.alliedmarketresearch.com/iot-healthcare-market
Surgical Sutures Market: https://www.alliedmarketresearch.com/surgical-sutures-market
Medical Tourism Market: https://www.alliedmarketresearch.com/medical-tourism-market
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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