Peripheral Artery Revascularization Demand Propelled by Increasing Prevalence of Peripheral Artery Disease, Says Fact.MR
Fact.MR, a global research & consulting firm, in their latest edition of the report, indicated that the peripheral artery revascularization market is projected to foresee a steady expansion in the approaching years with increasing number of geriatric populace across the globe. More cases of high cholesterol level, high blood pressure, and smoking on the coattails of unhealthy lifestyle habits are projected fuel the industry.
“Government initiatives in the expansion of healthcare industry together with increasing awareness of new treatment methods are the key factors boosting peripheral artery revascularization industry. Implementation of innovative vascularization methods and novel technologies is likely to generate potential expansion prospects of peripheral artery revascularization market.” states Fact.MR.
Rising Prevalence of Peripheral Artery Disease Boosts Demand
Growing prevalence of peripheral artery disease across the globe will significantly contribute to the industry growth. In the US, over 10% of citizens aged over 65 years are suffering from peripheral artery disease due to growing prevalence of risk aspects such as obesity, diabetes, use of tobacco and hypertension.
Rising tobacco and obesity usage as well as growing world’s aging population are expected to boost the industry growth. Furthermore, increase in number of procedures in developing nations is booting the peripheral artery revascularization industry.
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Stents will continue to Gain Traction in the Industry
Technologies such as stent are projected to remain lucrative products of peripheral artery revascularization industry. The growth can be primarily attributed to the advancement in technology, for instance, drug coated and drug eluting stents.
In addition, increasing access to peripheral stents in traditional open surgery and angioplasty, is likely to boost the expansion of the global industry and therefore are anticipated to be in demand in 2021 and beyond.
China and India to Grow Significantly
Over 10% individuals with peripheral artery ailments live in the U.S. Around 70% of the overall population impacted with peripheral artery disease exists in low- to middle-income regions, therefore the China, India, GCC and South Africa, peripheral artery revascularisation industry is projected to expand significantly. Regions, such as the US and UK, are foreseeing steady expansion in the occurrence of peripheral artery diseases are also contributing to the expansion of the industry.
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Collaboration and Adoption of Novel Technologies Remain Key Focus Areas: Fact.MR Survey
The peripheral artery revascularization market players are engaged in adopting innovative vascularization methods and novel technologies. Fact.MR’s survey indicated that the leading companies are further focusing on endorsements, product unveilings, and collaborations to develop their market authority and retain their product demand and leadership position in 2021 and beyond. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of companies. A few of the key companies profiled in the report are, Abbott Laboratories, Boston Scientific Corporation, AngioDynamics, Inc., Cardinal Health, Inc., Cook Medical, C. R. Bard, Inc., Medtronic plc The Spectranetics Corporation, and Terumo Corporation. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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