$ 148 Million Growth in Peripheral Vascular Diagnostic Systems Market During 2021-2025 | Featuring Key Vendors Including Arjo AB, D. E. Hokanson Inc., and Elcat Inc. | Technavio
NEW YORK, March 26, 2021 /PRNewswire/ -- Technavio announces the release of its latest report on the peripheral vascular diagnostic systems market. The market is segmented by product (systems and accessories) and geography (North America, Europe, Asia, and ROW). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.
Peripheral Vascular Diagnostic Systems Market: Key Findings
- Peripheral vascular diagnostic systems market value to grow by USD 148.13 million at almost 8% CAGR during 2021-2025
- Based on the product, the systems segment will offer maximum opportunities for vendors during the forecast period
- Based on the Geography, North America dominated the market with a 41% share in 2020
- Peripheral vascular diagnostic systems market is expected to have a positive impact due to the spread of COVID-19
Peripheral Vascular Diagnostic Systems Market: Growth Drivers
The increasing prevalence of diabetes coupled with rising diabetes awareness one of the prime factors driving the growth of the market. Factors such as sedentary lifestyles and rising incidence of obesity has increased the risk of diabetes globally. For instance, in 2019, nearly 463 million adults across the world had diabetes, and the number is expected to rise to 700 million by 2045. The growing prevalence of the condition is compelling governments across the world to conduct various programs and campaigns to increase the awareness of the disease. This is increasing the number people getting diagnosed for the condition, which is driving the market growth.
"Launch of minimally invasive and advanced diagnostic products and rising geriatric population will further boost market growth during the forecast period", says a senior analyst at Technavio.
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Peripheral Vascular Diagnostic Systems Market: Major Vendors
Arjo AB
Arjo AB operates its business through the Unified segment. Key products offered by the company include Dopplex D900, Dopplex ABI ankle brachial Index kit, VP8 XS high sensitivity 8MHz probe, and VP5 XS high sensitivity 5MHz probe.
D. E. Hokanson Inc.
D. E. Hokanson Inc. operates its business through segments such as Instruments, Cuffs, and Accessories. Key products offered by the company include Portable ABI kit, Toe pressure kit, MD6 Doppler, and MD35.
Elcat Inc.
Elcat Inc. operates its business through segments such as Doppler, Plethysmograph, Transcutaneous monitoring, and Videoscopy. Key products offered by the company include vasodop 320 and handydop.
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Report: www.technavio.com/report/peripheral-vascular-diagnostic-systems-market-size-industry-analysis
SOURCE Technavio
