Albany, NY -- (SBWIRE) -- 01/30/2015 -- A recent study by Transparency Market Research (TMR), titled 'Peripheral Vascular Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018', forecasts that the global peripheral vascular devices market will grow at a CAGR of 7.1% between the years 2012 and 2018. TMR, a market intelligence firm based in the United States, says that the global peripheral vascular devices market, valued at US$4.8 billion in 2011, will be worth US$7.8 billion by 2018.

According to this market research report, the global market for peripheral vascular devices is propelled by factors like greater awareness and demand for minimally invasive surgeries, growing geriatric population, and rising incidence of peripheral vascular diseases. Peripheral vascular diseases refer to narrowing of arteries outside the heart and brain. The vascular disorder happens as a result of the accumulation of plaque inside the artery, which eventually also affects blood flow. Diabetes, hypertension, smoking, and obesity are the main factors that lead to peripheral vascular diseases. The global peripheral vascular devices market is also driven by factors like higher disposable incomes, high population growth, and greater healthcare awareness.

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This TMR report has segmented the global peripheral vascular devices market based on parameters such as product types and geography. By product type, this market is classified into peripheral transluminal angioplasty balloon catheters, peripheral vascular stents, atherectomy devices, PTA guidewires, chronic total occlusion devices, embolic protection devices, aortic stents, inferior vena cava filters, and synthetic surgical grafts. The different types of peripheral vascular stents are carotid, iliac, renal, and fem-pop. The various sub-categories under the atherectomy devices segment are laser, rotational, directional, and orbital atherectomy devices. Permanent inferior vena cava filters, and retrievable filters are the two classifications under the inferior vena cava filters segment. The fastest growing segment in the overall peripheral vascular devices market is that of embolic protection devices.

Browse the full Global Peripheral Vascular Devices Market (Peripheral Vascular Stents, PTA Balloon Catheters, Guidewires, IVC Filters, Atherectomy, Chronic Total Occlusion, Embolic Protection Devices, Synthetic Surgical Grafts, Aortic Stents) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/peripheral-vascular-devices-market.html

Geographically, the report has segmented the global market for peripheral vascular devices into Europe, Asia Pacific, North America, and Rest of the World. The largest share in this market is held by the North America peripheral vascular devices market. Also, as per market forecasts it is anticipated that the Asia Pacific peripheral vascular devices market will witness the highest rate of growth in the forthcoming years, owing to favorable economic and demographic conditions. The demand for peripheral vascular devices is expected to increase in developed countries like Europe and North America due to rapid growth in the geriatric population base in these regions. This research report covers the company profiles of the prominent players operating in the global market for peripheral vascular devices.

The key manufacturers of peripheral vascular devices are Medtronic Inc., Volcano Corporation, Edward Lifesciences Corporation, Cordis Corporation, and Boston Scientific Corporation.

About Transparency Market Research
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.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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