The U.S. peripheral vascular devices and accessories market size is expected to reach USD 4.6 billion by 2027, according to a new report by Grand View Research, Inc. The market and is expected to expand at a CAGR of 4.5% from 2020 to 2027. Growing prevalence of venous diseases or Chronic Venous Insufficiency (CVI) is one of the key factors driving the growth of the market. Furthermore, growing geriatric population, and increasing demand for minimally invasive endovascular procedures is further increasing its adoption and bolstering revenue growth over the forecast period.
Based
on product type, the peripheral vascular stents segment dominated the market in
2019. Factors contributing to the increase in demand include technological
advancements in stent technology and increasing demand for minimally invasive
procedures. In addition, the peripheral stent market is majorly driven by a
growing patient pool requiring the immediate stent placement, technological
innovations in peripheral vascular interventions, and growing number of
government initiatives. These factors are further propelling the overall growth.
In
2019, based on the guidewire coating, the hydrophilic guidewire coating segment
accounted for the largest revenue share. This growth is attributed to easy
accessibility and more slippery nature when combined with water. Furthermore,
factors such as reduction in friction and increase in trackability are expected
to propel the growth of the market during the forecast period. In addition,
this segment is expected to witness the highest CAGR owing to benefits such as
tackling tortuous lesions and help in finding microchannels in occlusions.
Moreover, increasing innovations and advancements by various players are
expected to increase the adoption of guidewires with a hydrophilic coating. For
instance, NaviPro guidewire, provided by Boston Scientific, is 100 percent
hydrophilic guidewire useful for smooth passage through tortuous lesions or
anatomy. Therefore, the advantages provided by hydrophilic guidewires and
increasing number of innovative guidewires with hydrophilic coating are
expected to promote growth over the forecast period.
Based
on guidewire tip weight wire, extra support tip guidewires dominated the market
with a revenue share of 41.1% in 2019. Torque movement, fine control, and
support provided for treatment of complex and diffuse lesions are some of the
key factors fueling market growth. In addition, these types of guidewires are
also beneficial in providing support to the delivery of bulky devices.
Furthermore, this segment is also expected to exhibit lucrative growth over the
forecast period due to its use in the treatment and diagnosis of chronic
occlusions, distal lesions, and tortuous anatomies. Hence, enhancement in
steerability and flexibility of the guidewire due to higher tip load,
availability of hydrophilic and hydrophobic variants and power of tackling
complex lesions are some of the advantages boosting the adoption of extra
support tip guidewires.
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U.S. Peripheral
Vascular Devices And Accessories Market Report Highlights
- The market
size is expected to reach USD 4.6 billion by 2027 owing to the growing
prevalence of venous diseases or Chronic Venous Insufficiency (CVI),
growing geriatric population, and increasing demand for minimally invasive
endovascular procedures
- The
peripheral vascular stents segment dominated the market in 2019. Factors
contributing to the increase in demand include technological advancements
in stent technology and increasing demand for minimally invasive
procedures
- Based on
guidewire coating, the hydrophilic guidewire coating segment accounted for
the highest revenue share in 2019. This growth is attributed to easy
accessibility and more slippery nature when combined with water
- Based on
guidewire tip weight wire, extra support tip guidewires dominated the
market with a revenue share of 41.1% in 2019. Torque movement, fine control,
and support provided for treatment of complex and diffuse lesions are some
of the key factors fueling segment growth
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U.S. Peripheral
Vascular Devices And Accessories Market Segmentation
Grand View Research has
segmented the U.S. peripheral vascular devices and accessories market based on
product, guidewire coating, and guidewire tip weight wire:
U.S. Peripheral
Vascular Devices And Accessories Product Outlook (Volume, Units; Revenue,
USD Million, 2016 - 2027)
- Peripheral Stents
- Carotid Artery Stents
- Renal Artery Stents
- Femoral Artery Stents
- Iliac Artery Stents
- Other Peripheral Stents
- PTA Balloons
- Catheters
- Angiography Catheters
- Guiding Catheters
- IVUS/OCT Catheters
- Peripheral Accessories
- Guidewires
- Workhorse Guidewires
- Frontline Finesse Guidewires
- Extra Support Guidewires
- Specialty Guidewires
- Peripheral Vascular Closure Devices
- Introducer Sheaths
- Balloon Inflation Devices
U.S. Peripheral
Vascular Devices And Accessories Guidewire Coating Outlook (Volume, Units;
Revenue, USD Million, 2016 - 2027)
- Hydrophilic Coating
- Hydrophobic Coating
U.S. Peripheral
Vascular Devices And Accessories Guidewire Tip Weight Wire Outlook (Volume,
Units; Revenue, USD Million, 2016 - 2027)
- Floppy Tip
- Balanced Tip
- Extra Support Tip
List of Key
Players of U.S. Peripheral Vascular Devices And Accessories Market
- Abbott Laboratories
- Terumo Medical Corporation
- Medtronic, Inc.
- Boston Scientific Corporation
- Cordis
- Philips
- AngioDynamics, Inc.
- Asahi Intecc Co. Ltd.
- Becton Dickinson and Co
- BIOTRONIK
- Biosensors International Group
- B. Braun
- iVascular
- Merit Medical
- Cook Group Inc.
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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