#Global #Peripheral #Vascular #Devices #Market #Surpass
Seattle, Oct. 18, 2022 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the global peripheral vascular devices market is estimated to be valued at US$ 10,266.8 million in 2022 and is expected to exhibit a CAGR of 7.6% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Peripheral Vascular Devices Market:
Major players operating in the market are focusing on adopting inorganic strategies such as partnership, which is expected to drive the market growth over the forecast period. For instance, on February 23, 2022, Cardiovascular Systems, Inc., a medical device company that develops and commercializes products for the treatment of peripheral and coronary vascular disease, announced that it has partnered with Innova Vascular, Inc., a medical device company, to treat peripheral vascular disease, deep vein thrombosis and pulmonary embolism.
Furthermore, increase in the adoption of inorganic growth strategies such as acquisition by key market player is also expected to drive the growth of the market. For instance, in August 2020, Koninklijke Philips N.V., a Dutch multinational conglomerate corporation, announced that they have acquired Intact Vascular, Inc., a medical device company developing minimally-invasive peripheral vascular products, to enhance Philips’ image-guided therapy portfolio, combining Philips’ interventional imaging platform and diagnostic and therapeutic devices with Intact Vascular’s unique, specialized implantable device to optimize the treatment of patients with Peripheral Artery Disease (PAD).
Request Sample copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/391
Key Market Takeaways:
The global peripheral vascular devices market is expected to exhibit a CAGR of 7.6% during the forecast period due to increasing prevalence of diabetes and related diseases. For instance, according to International Diabetes Federation (IDF), as on December 9, 2021, approximately 537…