According to the
study “Brazil
Peripheral Vascular Devices Market Outlook to 2025”, the rising
prevalence of peripheral vascular disorders, diabetes and obesity in the
Brazilians has led to a huge demand for stent implants. The increasing consumption
of junk food and smoking has increased the risk of stroke due to formation of
atherosclerotic plaques with high calcification in peripheral blood vessels. The
advanced technology in stents has assisted in overcoming in-stent restenosis
complications due to neointima hyperplasia and neovascularization at the site
of implant. These factors are responsible for the growth in market
penetration of stents utilized for treatment of peripheral vascular diseases.
Peripheral
vascular disease is a condition in a human body that determines a damage or
blockage in the peripheral blood vessels. It can also cause blood clots such as
deep vein thrombosis, inflammation, or narrowing and blockage of the blood
vessels. The various devices used for the treatment of peripheral vascular
diseases are Aortic Stent Grafts, Arteriotomy Closure Devices, Carotid and
Renal Artery Stents, Inferior Vena Cava Filters (IVCF), Peripheral Embolic
Protection Devices, Peripheral Guidewires, Peripheral Vascular Stents, PTA
Balloons Catheters, PTA Peripheral Drug Eluting Balloons (DEB) Catheters, Renal
Denervation Catheters, Tip Location Devices and Vascular Grafts.
The increasing
incidences of peripheral vascular disease among the Brazil population are
driving the peripheral vascular devices market. The peripheral vascular devices
market is highly fragmented due to multiple players. The leading players in
Brazil’s peripheral vascular devices are Medtronic plc, Abbott Laboratories,
Boston Scientific Corp. and others.
With the ongoing
development in sophisticated healthcare infrastructure, health awareness,
increase in healthcare expenditure and increasing R&D pertaining to drug
discovery and development are few factors accounting for the growth in Brazil’s
peripheral vascular devices market. Modernization and increasing aged
population in Brazil has increased the rate of peripheral vascular diseases. In
addition, the presence of untapped growth opportunities in Brazil has increased
health awareness which boosted the growth in the peripheral vascular devices
market. The latest market trend is the increasing use of bio-absorbable stents
in the treatment of peripheral vascular disease.
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Related
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