PORTLAND, Oregon and PUNE, India, November 16, 2016 /PRNewswire/ -- Interventional Cardiology & Peripheral Vascular Devices Market by Product (Angioplasty Balloons, Angioplasty Stents, Angioplasty Catheters, Endovascular Aneurysm Repair Stent Grafts, Inferior Vena Cava (IVC) Filters) is poised to grow at a CAGR of 9.7% from 2016 to 2022, to reach $25,349 million by 2022. Angioplasty stent systems are estimated to generate the highest revenue among all segments throughout the forecast period, owing to technological advancements and development of bioabsorbable stents. North America held the leading position in the global market in 2015, and is expected to maintain its lead in the future. This is attributed to the increase in incidence of heart failures, changes in lifestyle, and high adoption of interventional cardiology and peripheral vascular devices in the region. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of theinterventional cardiology and peripheral vascular devices market Report can be accessed on the website at https://www.alliedmarketresearch.com/interventional-cardiology-and-peripheral-vascular-devices-market "Bioabsorbable stents and drug eluting balloons would propel the market growth with a very high rate as these devices get absorbed within the body and therefore eliminate the chances of restenosis within arteries" says Hemali Narkhede, Manager, Healthcare Research at AMR. "These devices provide better treatment options when compared to conventional stents and balloons," she further added. Growth in geriatric population, increase in prevalence of chronic diseases, changes in lifestyle of the people, technological advancements in devices, improvement of healthcare infrastructure in developing countries, development of minimally invasive procedures, and increase in patient awareness propel the market growth. However, stringent approval process for interventional cardiology and peripheral vascular devices is a major factor that hampers the market growth.