The latest market report published by Credence Research, Inc. “Global Peripheral Artery Disease Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The worldwide peripheral artery disease market has grown steadily in recent years and is predicted to increase at an 8.80% CAGR between 2023 and 2030. In 2022, the market was valued at USD 3.9 billion, and it is predicted to reach USD 7.0 billion by 2030.
The market is expected to witness substantial growth due to several factors, including a growing geriatric population, improved insurance and reimbursement policies, and the demand for non-invasive treatment alternatives and technological advancements.
The report divides the global peripheral artery disease market into four segments: material, application, distribution channel, and geography. The oral segment has emerged as the most popular and in-demand segment, while the catheter segment is projected to experience significant growth. Hospitals and specialist clinics are the primary user groups, and retail pharmacy and hospital pharmacy hold a significant market share. North America dominates the market expansion, accounting for nearly 40% of the PAD market.
Key drivers of the global peripheral artery disease market include the increasing geriatric population and better insurance and reimbursement policies. However, the market faces challenges such as under diagnosis and a lack of awareness among patients and healthcare providers, as well as expensive treatment options. Despite these hurdles, the market offers substantial growth opportunities, driven by the rising demand for non-invasive treatment alternatives and technological advancements.
Egypt Peripheral Artery Disease Market Dynamics refers to the ever-evolving landscape of this medical condition in Egypt. Peripheral artery disease, also known as PAD, is a chronic and progressive circulatory disorder that affects the arteries outside of the heart and brain. In recent years, Egypt has witnessed significant changes in its healthcare system and infrastructure, leading to an increased focus on early detection, prevention, and treatment of PAD. This shift can be attributed to various factors such as rising awareness among both patients and healthcare professionals about the importance of timely diagnosis for better management outcomes. The market dynamics surrounding PAD in Egypt are characterized by technological advancements in diagnostic tools like Doppler ultrasound or ankle-brachial index tests that help assess blood flow restriction accurately
Moreover, awareness campaigns and educational initiatives have gained momentum to educate both physicians and patients about the importance of early intervention and lifestyle modifications to prevent disease progression. The emergence of minimally invasive endovascular techniques has revolutionized treatment options for PAD, offering less pain, shorter hospital stays, quicker recovery times, and lower complication rates compared to traditional surgical interventions.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Peripheral Artery Disease Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Peripheral Artery Disease Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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