At an estimated value of over USD 4.53 billion in 2019, the Global Peripheral Artery Disease Market
is predicted to thrive at a CAGR of 6.2% and valued at over USD 8.78 billion over the forecast year
2020-2030. Peripheral artery disease is a common circulatory problem that causes narrowing of the
peripheral arteries. Generally, it affects arteries in the legs and sometimes affect the arteries carrying
blood from heart to arms, kidneys, head, and stomach. It is mainly caused by the deposition of fats or
plaques in the artery walls. The exercise, tobacco cessation, and a healthy diet are the main treatments
for this disease; however, when such treatments aren't enough, medication or surgery can be helpful.
Market Segmentations and Scope of the Study:
The global peripheral artery disease market share is segmented on the basis of type, and geography.
On the basis of type, the market is segmented into peripheral angioplasty balloons, peripheral
catheters, inferior vena cava (IVC) filters, peripheral stents, plaque modification devices,
hemodynamic flow alteration devices, and peripheral accessories. Geographic fragmentation and
analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
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Geographical Analysis
In terms of geography, North America held major share of the market in 2019. This is attributed to
higher healthcare expenditure and the growing occurrence of minimally invasive surgeries in the
region. However, Asia-pacific is expected to be the fastest growing market due to the existence of
large patient pool along with unmet medical needs. Moreover, significant growth in population
together with growing geriatric population is expected to be opportunistic for the market growth in
this region during the forecast period.
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Competitive Landscape
Lucrative