North American Interventional Cardiology & Peripheral Vascular Devices Market – New Report by MarketsandMarkets

(PRWEB) July 12, 2014

The "North American Interventional Cardiology & Peripheral Vascular Devices Market by Angioplasty Balloon (Plain/Old, Cutting), Stent (Bioabsorbable, Drug-Eluting), Catheter (IVUS, OCT), IVC Filter (Retrievable), Endovascular Stent Graft - Forecast to 2018" analyzes and studies the major market drivers, restraints, and opportunities in the U.S. and Canada.

Browse 108 market data tables and 24 figures spread through 245 pages and in-depth TOC. http://www.marketsandmarkets.com/Market-Reports/north-american-interventional-cardiology-peripheral-vascular-devices-market-138691746.html

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This report studies the North American interventional cardiology market over the forecast period of 2013 to 2018. The North American peripheral vascular devices market is expected to reach $5,947.5 million by 2018, at a CAGR of 2.9% during 2013 to 2018.

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Promise for lesser risk of restenosis is expected to spur market growth. The decreasing incidences coronary angioplasties and the increasing peripheral intervention procedures have impacted 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.

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North American Interventional Cardiology & Peripheral Vascular Devices Market - New Report by MarketsandMarkets