Global Carotid Artery Disease Market – Highlights
The Global Carotid Artery Disease Market is expected to witness positive growth during the forecast period.
The rising prevalence of cardiovascular diseases, rising incidences of stroke, increased adoption of technologically advanced devices, rising incidence of hypertension, diabetes, and others, growing obesity, smoking, and alcohol consumption, increasing geriatric population, and growing healthcare sector are the key factors for the market to grow.
However, factors such as high cost of diagnostics and surgeries, huge initial investments, associated risks of cardiovascular drugs, and surgeries are expected to restrict the market growth during the forecast period.
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Leading Key Players
Some of the key players for the global carotid artery disease market are Cordis Corporation (US), Medtronic (US), Silk Road Medical Inc. (US), InspireMD Inc., Boston Scientific Corporation (US), C.R. Bard, Inc. (US), Cook Medical (US) and W.L. Gore & Associates (US) and Abbott Vascular, Inc. (US), and others.
Global Carotid Artery Disease Market – Segmentation
The global carotid artery disease market is segmented on the basis of diagnosis, treatment, and end-user. The diagnosis category includes physical exam, computed tomography angiography, carotid angiography, magnetic resonance angiography, and carotid ultrasound.
The treatment segment is further segmented into medications and surgical procedures. The medications category includes aspirin, clopidogrel, and others. Surgical procedures are categorized into carotid endarterectomy, carotid artery angioplasty, and carotid artery stenting.
On the basis of end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, pharmacies, and others.
Detailed Regional Analysis
The Americas is expected to dominate the carotid artery disease market during the forecast period. The increasing incidence of cardiovascular diseases drives the market in this region. As per the Centers for Disease Control and Prevention 2015, one in four people dies due to cardiovascular disease in the US.
This influences the market growth during the forecast period. The growing geriatric population and technological advancements drive the market growth in this region.
Europe (UK, Belgium, France, and Netherlands) is the second largest in the market owing to the increasing prevalence of high blood pressure within this region.
According to the European Society of Hypertension and the European Society of Cardiology, 30 to 45% people in Europe suffer from hypertension. Thus, the increasing prevalence of hypertension in this region influences the growth of this market in this region.
Asia-Pacific is expected to observe growth for the global carotid artery disease market owing to the increasing prevalence of diabetes, rising geriatric population, and change to an unhealthy lifestyle.
The Asian Diabetes Prevention Initiative projected that India and China will have a total of half billion diabetic patient pool by 2030, thus, providing favorable backgrounds for the market to grow.
The Middle East and Africa accounts for least share due to stringent government policies, low investments in the healthcare sector, and poor economies. However, the developing healthcare sector along with several government initiatives may lead to market growth during the forecast period.
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