2012-09-14 17:19:19 - European peripheral vascular devices market driven by the expanding elderly population
The European peripheral vascular devices market is set to see growth fuelled predominantly by the expanding elderly population.This will widen the potential pool of patients who will require vascular access because this group is more prone to chronic diseases that might need critical care, which often necessitates vascular access for delivering drugs or taking blood samples.The European vascular access device market consists of short peripheral intravenous catheters (PIVCs), central venous catheters (CVCs), implantable ports, dialysis catheters, and peripherally inserted central catheters (PICCs) sold in France, Germany, Italy, Spain, and the UK.Most peripheral vascular devices in Europe are used for the treatment of peripheral arterial disease (PAD). PAD is characterised by the hardening and thickening of arteries resulting from the accumulation
of fatty tissue and cholesterol. The prevalence of PAD increases with age and the existence of predisposing conditions such as obesity, are factors both on the rise in Europe.Cook Medical is the overall leader in the European peripheral vascular device market. Cook Medical led the European transcatheter embolic device market and was the second-leading competitor in the lucrative stent-graft market.Other major players in the peripheral vascular market include W. L. Gore, Cordis, Abbott Laboratories, Medtronic, C. R. Bard, Terumo and Boston Scientific. W. L. Gore operated exclusively in the covered stent, vascular graft and stent graft markets. Covered stents are experiencing strong growth in unit sales.Overall, rising unit sales -- as a result of an increased patient pool -- and the uptake of premium products will spur revenue growth in the European peripheral vascular devices market through 2016.For more information on the European peripheral vascular devices market, see the latest research: European Peripheral Vascular Devices Market ReportFollow us on Twitter @CandMResearch
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