News

Healthcare

Staff Reporter

, APAC

Published:

6 months ago

Photo from Robina Weermeijer on Unsplash

Peripheral artery disease market poised for $10.8b growth by 2035

APAC expects notable CAGR growth within the forecast period.

The global peripheral artery disease market is projected to $10.8b by 2035 at a compound annual growth rate (CAGR) of 7.7%, according to Allied Market Research.

The report revealed that the Asia Pacific (APAC) region is expected to register notable CAGR growth during the forecast period.

By end user, the speciality clinics segment anticipates the highest CAGR growth within the period whilst the hospitals segment held the highest market share in 2023.

ALSO READ: Long-term care market projects 3.33% CAGR until 2027

The report stated that the market’s growth is driven by a rising prevalence of peripheral artery disease, a growing geriatric population, and the adoption of minimally invasive procedures.

Moreover, technological advancements are expected to present significant growth opportunities in the market.

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