Peripheral Vascular Devices – Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
The global peripheral vascular devices market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 6.4% over the period 2009-2016. The global peripheral vascular devices market was valued at $ 4.1 billion in 2009 and is forecast to reach $ 6.4 billion by 2016. The high growth potential of the market and its continuing technological advances are garnering considerable interest from investors and device manufacturers. The peripheral vascular devices market is categorized into 7 segments, among which Peripheral Vascular Stents was the largest, with revenues of $ 1.2 billion in 2009, closely followed by Percutaneous Transluminal Angioplasty (PTA) balloons, with a market value of $ 1.1 billion in 2009. Aortic Stent Graft is the fastest growing segment, with a CAGR of 14% over the period 2002-2009, and is expected reach revenues of $ 1.6 billion by 2016. Peripheral vascular stent is expected to continue holding the largest share in the PV devices market, with forecast revenues of $ 1.6 billion by 2016.