Report: Global market for peripheral vascular interventions will reach $3.4B by 2022

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By 2022, the global market for lower extremity stents, percutaneous transluminal angioplasty (PTA) balloons, PTA drug-eluting balloons, carotid stents, renal stents and other peripheral vascular interventions will increase to $3.4 billion, up from $2.1 billion last year.

GlobalData, a research and consulting firm, provided the estimates in a report  released this month titled “MediPoint: Peripheral Vascular Interventions – Global Analysis and Market Forecasts.”

The company noted that the market would increase as a result of recent advances such as drug-eluting stents and balloons, bioabsorbable stents and polytetrafluoroethylene-covered stents to treat peripheral artery disease.

This report includes data from North America (Canada, Mexico, US), Europe (France, Germany, Italy, Spain, Russia, UK), Asia-Pacific (Australia, China, India, Japan, South Korea) and South America (Brazil).