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North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets
Date:7/12/2014

acted the surgical equipment market significantly in North America.

The risk of restenosis in angioplasty procedures encourages the adoption of novel technologies to minimize post-surgical complications. Amongst various surgical devices, bioabsorbable stents were found to be a major breakthrough in the market. The bioabsorbable stents market is expected to witness a significant CAGR of 62.2% during forecast period. The success achieved during the ongoing studies is also anticipated to spur the market adoption.

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In addition to the next-generation stent, advanced diagnostic catheters such as intravascular ultrasound (IVUS) and optical coherence tomography (OCT) catheters are expected to grow at a faster pace in the coming years. Better diagnosis of vascular health as compared to conventional guiding catheters is the major reason behind the significant market growth.

In the market, retrievable inferior vena cava filter (IVC) occupies a notable market space as it becomes the gold standard for the treatment of DVT/PE in North America. Moreover, reduced risk of long-term post surgical complication, which is common with permanent IVC filters, is expected to ensure a CAGR of 14.8% during the forecast period.

Analysis of the market dynamics identified the unique nature of the U.S. and Canadian markets. The technology adoption rate in Canada was found to be significantly high in 2013, though the total number of various cardiac procedures was much higher in the U.S. Bioabsorbable stentsare still under investigational study; however, it is available on a special access basis from Health Canada. Furthermore,
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