Portland, OR, Aug. 04, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research,the global peripheral artery disease market generated $3.52billion in 2019, and is estimated to reach $5.71 billion by 2027, registering a CAGR of 8.5% from 2020 to 2027.The report offers anextensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Growing number of patients suffering from peripheral artery disease across the globe and surge in population of ageing people across the European countries drive the growth of the global peripheral artery disease market.However,stringent government approval process for stents is anticipated to restrain the market growth. Furthermore,surge in cases of diabetes across the developing economies such as China and India is expected to provide new growth opportunitiesduring the forecast period, 2020-2027.
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Covid-19 scenario:
- During the Covid-19 pandemic,lockdown across the various countries led to the closedown of outpatient activities and early observation of the disease as the focus has been on treatment of extreme conditions only.
- Furthermore, in many regions, the government policies or hospital guidelines outlined that vascular procedures would be carried out in life or limb salvaging cases only.
The report offers a detailed segmentation of the global peripheral artery disease market based ontype and region.
Based on type, the peripheral stents segmentcontributed to the largest share in 2019, accounting fornearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, theplaque modification devicessegmentis estimated to portray the highest CAGR of 9.5% during the forecast period.
Based on region,North Americacontributed the highest share, accounting fornearly two-fifths of the total market sharein 2019, and will maintain its dominance throughout the forecast period.However, Asia-Pacificisexpected to grow at the highest CAGR of 9.4% from 2020 to 2027.
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Leading market players analyzed in the research include Boston Scientific Corporation, Abbott Laboratories,Cardinal Health, Inc.,Cook Medical, Dickinson and Company,Becton, Koninklijke Philips N.V.,Terumo Corporation,Texas Instruments Incorporated, and Biotronik.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.