Angioplasty Filter System Market: Increase in prevalence of Peripheral Artery Disease (PAD) in the aging population is expected to propel the market
Angioplasty Filter System Market: Introduction
- Angioplasty is the procedure performed to restore blood flow through the artery. In coronary artery disease, arteries are blocked due to the deposition of sticky material called plaque.
- Angioplasty filter system is a type of embolic protection device. It provides distal embolic protection without flow arrest. Embolic protection device can be deployed distally using a filter.
- The global angioplasty filter system market is expected to be driven by increase in prevalence of diabetes, rise in cardiovascular procedures, and growth in awareness about complications related to cardiovascular procedures is expected to augment for the growth of market.
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Key Drivers of Global Angioplasty Filter System Market
- The global angioplasty filter system market is likely to be driven by the rise in diabetic population, increase in prevalence of cardiovascular disorder, and technological advancements
- According to the American Heart Association, in 2018, about 92.1 million U.S. adults were living with some form of cardiovascular disease or after-effects of a stroke
- Various advantages offered by angioplasty filter systems such as preservation of antegrade flow, real time debris capture, and contrast imaging possible through intervention. Thus, benefits of angioplasty filter systems over other embolic protection devices will attribute for the growth of angioplasty filter systems market
- Rise in research activities in distal embolic filters will increase the demand for angioplasty filter systems. Government bodies and Non-Governmental Organization (NGO) are collaborating to organize awareness programs about cardiovascular and neurovascular diseases and their treatment.
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North America to Hold Major Share of Global Angioplasty Filter System Market
- North America is a leading market for angioplasty filter systems driven by the high rate of adoption of technologically advanced products for cardiovascular procedure.
- Increase in prevalence of Peripheral Artery Disease (PAD) in the aging population is expected to propel the market during the forecast period. Manufacturers are focused on entering partnerships with laboratories will fuel the market growth in the U.S.
- According to the Centers of Disease Control and Prevention statistics, in 2016, prevalence of PAD increases with age, such as over 5% for 60 years to 69 years, around 10% for 70 years to 79 years, over 20% for octogenarians in the U.S.
- Countries in Europe are offering favorable reimbursement policies, which is anticipated to propel the market in the region during the forecast period
- There is an surge in demand for angioplasty filter systems due to expansion in patient pool, increase in number of hospitals, and government support for improving the health care sector, especially in Asia Pacific, Latin America, Africa, and the Middle East
- According to the Central Bureau of Health Intelligence, the number of government hospitals in India increased from 4,571 in 2000 to 11,993 in 2011. Thus, significant rise in the number of hospitals in Asia Pacific is likely to boost the angioplasty filter systems market. This is expected to augment the market during the forecast period.
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Key Players Operating in Global Market
Major players operating in the global angioplasty filter system market are:
- Boston Scientific Corporation
- Cardinal Health.
- Contego Medical, LLC
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Global Angioplasty Filter System Market, by Type
- Carotid Artery Angioplasty
- Cerebral Angioplasty
- Peripheral Balloon Angioplasty
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