Peripheral Intervention Market: Preference of Minimally Invasive Surgeries Augments Uptake of Drugs and Devices
Transparency Market Research report states that the growing demand for minimally invasive surgeries amongst patients is expected to boost the global peripheral intervention market. The research report, titled “Peripheral Intervention Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” documents the drivers and restraints of the overall market along with the various market dynamics impacting its trajectory. The research report includes a SWOT analysis of all the segments in the global market to understand the impact of strengths, weaknesses, opportunities, and threats influencing them.
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The global peripheral intervention market is primarily being driven by the growing demand for minimally invasive surgeries along with non-invasive surgical procedures. This demand is also being fueled by the continuous advancements in technology and the growing awareness amongst patients about peripheral artery diseases and coronary diseases due to conditions such as diabetes and obesity. Analysts predict that shorter recovery time and reduced chance of infection are also key factors demand for the rise in the demand for peripheral intervention surgeries.
Additionally, the market is also benefitting from rising investments in the global market along with supportive government policies that have encouraged the launch of several new drugs and devices in the market. The growing applications of peripheral intervention surgeries in areas of neurology, oncology, uteral, renal, gastric, and skin are also anticipated boost the market’s growth.
In terms of regions, the global peripheral intervention market is segmented into North America, Asia Pacific, Europe, and Rest of the World. According to analysts, North America is expected to lead the global market due to a rapid rise in the number of surgeries, in the U. S. alone. However, analysts predict that Asia Pacific will also emerge as a leading peripheral intervention market due to a growing pool of geriatrics, improving healthcare infrastructure, and strengthening economies of China, Japan, and India. However, the high cost of these procedures and complications that individuals could face due to elevated immune response could act as impediments to the growth of the overall market in the near future.
The leading players operating in the global peripheral intervention market are W.L.Gore & Associates Ltd., Medtronic Inc., Abbott Vascular, Cook Medical, Angioscore Ltd., Boston Scientific, Cordis Corp., and C.R. Bard Inc. The research report profiles these players to explain the competitive landscape present in the global market. It estimates the bargaining power of suppliers and buyers along with providing an examination of the threat of new entrants to the overall market. The research report also studies the business and marketing strategies, the research and development activities, and the expansion plans of these companies for the coming few years.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.