Dallas, TX -- (SBWIRE) -- 01/22/2014 -- The “Peripheral Vascular & Interventional Cardiology Devices Market (2011 – 2016) (Balloons, EVAR Stent Grafts, IVC Filter, IVUS & Angiography Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices & Accessory Devices) Global Trends & Competitive Analysis” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and Rest of the World.
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This report studies the global Peripheral Vascular & Interventional Cardiology Devices Market over the forecast period (2011-2016). The interventional cardiology devices market was valued at $8.7 billion in 2011 and is poised to grow at a CAGR of 7.8% to reach $12.7 billion by 2016.
The vascular interventional devices market consists of devices used in both coronary and peripheral endovascular procedures such as balloons, EVAR stent grafts, IVC filters, IVUS & angiography catheters, plaque modification devices, hemodynamic flow alteration(HFA) devices and accessory devices. Coronary stent grafts hold the major share with 64.7% of the total market. The others include balloons with approximately 10% share and other accessory devices such as guidewires, catheters, HFA devices, etc. accounted for 30% share.
To treat conditions with less intervention to the patient, minimally invasive surgical procedures are increasingly being used since the last decade as an alternative to vascular surgery. The coronary and peripheral vascular market together contribute to this growth in interventional procedures. The peripheral angioplasty is expected to reach 3.3 million procedures by 2016, while coronary angioplasty procedures are estimated to reach 4.5 million procedures by 2016.
The major driving factor for these markets would be the increasing demand for minimally invasive percutaneous endovascular treatment. As the incidence cases of coronary and peripheral artery diseases continue to rise in the coming years along with increasing trends in co-morbid conditions such as obesity and diabetes, the Minimally Invasive Interventional Vascular Devices Market for treating these diseases would show significant growth in the forecast period.
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