Latest News- Peripheral Vascular Diagnostic Systems Market: Hospitals and clinics is expected to lead the End-user segment during 2024-2028

The Peripheral Vascular Diagnostic Systems Market is being driven by Increasing prevalence of diabetes coupled with increasing diabetes awareness

The Peripheral Vascular Diagnostic Systems Market is expected to grow at a CAGR of 7.16% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 178.07 million. The peripheral vascular diagnostic systems market has experienced significant growth due to technological advancements. Innovations in this field have enhanced the precision, productivity, and functionalities of diagnostic tools used for evaluating the health and performance of peripheral blood vessels. Notably, the integration of sophisticated imaging technologies like Computed Tomography Angiography (CTA) and Magnetic Resonance Angiography (MRA) has revolutionized peripheral vascular diagnostics. CTA, which employs X-ray technology and advanced computational processing, generates highly detailed 3D images of peripheral blood vessels, thereby enabling more accurate diagnoses and effective management of peripheral vascular diseases. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals and clinics
  • Ambulatory surgical centers
  • Physician office
• Product
  • Systems
  • Accessories
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of diabetes coupled with increasing diabetes awareness
• Rising demand for non-invasive and radiation-free techniques
• Growing demand for portable and handheld peripheral vascular diagnostic systems

However, the market also witnesses some limitations, which are as follows:

• High costs associated with peripheral artery diagnosis
• Limitations of peripheral vascular diagnostic systems
• Presence of alternative diagnostic procedures for PAD

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Market Scope in Peripheral Vascular Diagnostic Systems Market Research Report

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Research Analysis Overview

The Peripheral Vascular Diagnostic Systems Market caters to the detection and management of Peripheral Artery Disease (PAD), which affects the arteries and veins in the arms, legs, abdomen, and other peripheral areas. Key players in this market include Cordis and Siemens Healthineers, offering Vascular Stent Systems. The Centers for Disease Control and Prevention (CDC) emphasizes the importance of early diagnosis through various diagnostic techniques. Micromarkets and core competencies shape the industry, with immediate parent markets being the Cardiology and Radiology sectors. Sources for market insights include directories, industry journals, and databases. PAD, affecting blood flow to the heart, brain, and limbs, necessitates timely intervention for maintaining overall health.

Market Research Overview

The Peripheral Vascular Diagnostic Systems market is a significant segment of the global healthcare equipment industry, worth USDX.Y billion in 2023, according to Technavio's market research. This market caters to companies and innovations focused on capital equipment, instruments, implants, accessories, and consumables for diagnosing and monitoring Peripheral Artery Disease (PAD) and other related conditions. The global healthcare equipment market, encompassing this sector, is valued at an impressive USD395.63 billion, as reported by the Centers for Disease Control and Prevention (CDC) and industry leaders like Cordis and Siemens Healthineers. These companies are at the forefront of research and development (R&D) in healthcare, contributing significantly to the market's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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