Global Peripheral Vascular Diagnostic Systems Market 2016-2020
About Peripheral Vascular Diagnostic Systems
The global peripheral vascular diagnostic systems market is expected to grow at a steady pace during the forecast period. The market has a vast opportunity in both developed and untapped developing countries. To increase their market share, vendors are focusing on providing novel technologies that decrease the follow-up visits to physicians' clinics and improve the quality of life of individuals. By product, the peripheral vascular diagnostic systems market is categorized into diagnostic systems and accessories.
Technavio’s analysts forecast the global peripheral vascular diagnostic systems market to grow at a CAGR of 7.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global peripheral vascular diagnostic systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of peripheral vascular diagnostic systems and its accessories, which are used to diagnose acute and chronic wounds.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Peripheral Vascular Diagnostic Systems Market 2016-2020
Technavio recognizes the following companies as the key players in the global peripheral vascular diagnostic systems market: ArjoHuntleigh, Viasonix, OMRON Healthcare, and Opto Circuits.
Other Prominent Vendors in the market are: ACI Medical Management, BioMedix, Dialog Devices, D.E. Hokanson, ELCAT, FUKUDA DENSHI, Koven Technology, LD Technology, MGC Diagnostics, Medizinische Messtechnik, MESI, Perimed, Väsamed, and Wallach Surgical Devices.
Commenting on the report, an analyst from Technavio’s team said: “Technological innovations for peripheral vascular and wound care products have significantly influenced clinicians' and individuals' preference toward advanced products over traditional products. These advanced products are portable, simple to use, highly efficient, and cost-effective, which can shift the use of hand-held Doppler ultrasound products for homecare settings.”
According to the report, the growing acquisition of small hospitals has helped to increase the wound care, which has indirectly impacted the growth of the peripheral vascular diagnostic market positively. The Tier-1 hospitals acquire the small specialized hospitals, which helps to train the healthcare staff, including the physicians and nurses. This helps to enhance their skills and ensure a positive outcome in wound care management and diagnose PAD.
Further, the report states that lack of awareness in the market is one of the major market challenges. In developed countries, such as in the US and Canada, the adoption of peripheral vascular diagnostics is less owing to less knowledge about PAD, less staff availability, and heterogeneous reimbursement issues.
ArjoHuntleigh, Viasonix, OMRON Healthcare, Opto Circuits, ACI Medical Management, BioMedix, Dialog Devices, D.E. Hokanson, ELCAT, FUKUDA DENSHI, Koven Technology, LD Technology, MGC Diagnostics, Medizinische Messtechnik, MESI, Perimed, Väsamed, Wallach Surgical Devices.
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