Technavio market research analysts foresee positive growth for many segments of the cardiovascular devices industry in the next five years. In their recent findings, Technavio talks about three booming markets under the cardiovascular devices industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Postpartum Hemorrhage Market 2016-2020
The increasing clinical trials and increasing investment in research and development will contribute to the growth of the global postpartum hemorrhage (PPH) market. A recent study published stated that anti-shock garment that provides circumferential abdominal, pelvic pressure, which incorporates the aortic compression will help reduce postpartum hemorrhage risk factors.
The vendors are also introducing products in the market that works by putting small, rapidly-expanding sponges into the postpartum uterus using a lightweight applicator. The increasing research and development in the field of devices used in the treatment of PPH will help in the evolution of the market and prevent and treat this disease reducing the life risk associated with it. Request a sample report.
Global Thrombectomy Devices Market 2016-2020
The advent of laser & UV radiation will help in the growth of the global thrombectomy devices market, posting a CAGR of the close of 6% by 2020. Technological advancements ushered in laser and UV radiation therapy that helps to dissolve blood clots in an easier manner. The use of laser thrombectomy has removed the need for mechanical thrombus removal. The launch of pulsed UV excimer laser light at 380nm frequency is designed to help in the vaporization of thrombus and defeating the aggregation of platelets. Some of the laser devices available in the market are based on the principle where the laser light energy is converted into acoustical energy for the bombardment on the clot to fragment them. Such innovations introduced in the market reduces the risk of thrombectomy procedures and will help in the growth of the market.
Hospitals are the largest end-user segment in the thrombectomy devices market by accounting for around 80% of the total market share in 2015. The establishment of advanced medical infrastructure and increase in the number of trained professionals contributed to the growth of this market segment. Request a sample report.
Global Vascular Guidewires Market 2016-2020
The increasing use of nitinol will help revolutionize the global vascular guidewires market and contribute to the growth of the market, posting a CAGR of over 7% by 2020. The use of nitinol alloy allows guidewire manufacturers to achieve unique characteristics in undergoing a phase transformation when subjected to temperature changes, external forces, and mechanical loading. These materials provide excellent biocompatibility, recovering elongation, visibility, and radiopacity under X-ray fluoroscopy and will help in the growth of the market during the forecast period.
Various leading vendors are expanding their product portfolios to sustain the competition in the market. The major vascular guidewires vendors in the market include Abbott Laboratories, Bostin Scientific, Cordis, Cook Medical, Medtronic, and Terumo. Medtronic witnessed a growth of 6% in FY2015 with the increase in sales in the Aortic and Peripheral sector with the addition of a portion of Covidien’s Peripheral business. Request a sample report.
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