Peripheral Vascular Devices Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

Peripheral Vascular Devices Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product (Peripheral Vascular Stents, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Embolization Guidewires), End User (Hospitals & Clinics, Ambulatory Care Centers, Specialty Clinics, Others), and Geography

  • Report Code : TIPRE00002776
  • Category : Medical Device
  • No. of Pages : 150

Peripheral Vascular Devices Market Analysis and Scope by 2031

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The peripheral vascular devices market size is projected to reach US$ 18.5 billion by 2031 from US$ 12.5 billion in 2023. The market is expected to register a CAGR of 5.7% during 2023–2031. The drug eluting stents and balloons are likely to remain key trends in the market.

Peripheral Vascular Devices Market Analysis

Increasing prevalence of peripheral vascular diseases (PVD) is the key factor driving the market's growth. As per the WebMD, 8.5 million people in the United States have PVD. PVD is mostly observed in people aged 60 or more, affecting 12% - 20% of the population of that age group.

Peripheral Vascular Devices Market Overview

Increasing prevalence of peripheral vascular diseases (PVD), increase in conditions such as peripheral artery disease (PAD), deep vein thrombosis (DVT), and varicose veins, rising aging population, development of advanced devices such as bioresorbable vascular scaffolds, growing awareness for peripheral vascular devices, growing investments in healthcare infrastructure, favourable reimbursement policies are factors driving the growth of the peripheral vascular devices market.

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Peripheral Vascular Devices Market: Strategic Insights

Peripheral Vascular Devices Market
  • CAGR
    CAGR (2023 - 2031)
    5.7%
  • Market Size 2023
    US$ 12.5 Billion
  • Market Size 2031
    US$ 18.5 Billion

Market Dynamics

GROWTH DRIVERS
  • Rising Incidences of Atherosclerosis, Smoking, Alcoholism, and Obesity
FUTURE TRENDS
  • Growing Geriatric Population
OPPORTUNITIES
  • Increasing Prevalence of Peripheral Artery Disease and Arterial Embolism

Key Players

  • Abbott
  • Edwards Lifesciences Corporation
  • Medtronic
  • Teleflex Incorporated
  • Boston Scientific Corporation
  • BD
  • Cook Medical LLC
  • Terumo Corporation
  • B Braun Melsungen AG
  • Cardinal Health Inc

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentProduct
  • Peripheral Vascular Stents
  • Peripheral Transluminal Angioplasty Balloon Catheters
  • PTA Guidewires
  • Atherectomy Devices
  • Chronic Total Occlusion Devices
  • Aortic Stents
  • Synthetic Surgical Grafts
  • Embolization Guidewires
Market SegmentEnd User
  • Hospitals & Clinics
  • Ambulatory Care Centers
  • Specialty Clinics
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Peripheral Vascular Devices Market Drivers and Opportunities

Rising Incidences of Smoking, Alcoholism, and Obesity

High prevalence of smoking, alcoholism, and obesity are contributing to increase in peripheral vascular diseases, thereby increasing the demand for peripheral vascular devices. As per the Centers for Disease Control and Prevention (CDC), in 2021, nearly 12 of every 100 US adults (11.5%) that is around 28.3 million adults in the US smoke cigarettes and over 16 million of them live with a smoking-related disease.

Growing Geriatric Population

Incidence and prevalence of peripheral disease increases with age. Thus, increase in elder population is likely to increase the demand for peripheral vascular devices market. As per the AARP International, Germany is one of the five “super-aged” societies in the world, and its population of people aged 65 and older will grow, reaching 24 million that is around one-third of its total population by 2050.

Peripheral Vascular Devices Market Report Segmentation Analysis

Key segments that contributed to the derivation of the peripheral vascular devices market analysis are product, and end user.

  • The global peripheral vascular devices market, by product is segmented into peripheral vascular stents, PTA guidewires, peripheral transluminal angioplasty balloon catheters, atherectomy devices, aortic stents, chronic total occlusion devices, synthetic surgical grafts, and embolization guidewires. In 2023, the peripheral vascular stents segment held the largest share of the market, whereas, the peripheral transluminal angioplasty balloon catheters segment is expected to witness the fastest CAGR during the forecast period.
  • In terms of end user, the market is categorised into hospitals and clinics, specialty clinics, ambulatory care centers, and others. In 2023, the hospitals and clinics segment held the largest share of the market and the same segment is also expected to witness fastest growth during the forecast period.

Peripheral Vascular Devices Market Share Analysis by Geography

The geographic scope of the peripheral vascular devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The North America peripheral vascular devices market has been segmented into the US, Canada, and Mexico. Increased peripheral arterial disease, and rising demand for minimally invasive procedures are key factors driving the growth of the market in this region. Additionally, lifestyle changes, increase in aging population, and technological advancements are some of the prominent factors propelling the market growth in North America.

 Europe holds a significant market share in the global peripheral vascular devices market. The growth of the market in the region is driven by increasing prevalence of peripheral arterial diseases, rise in the technological advancements, and rising government support.

Peripheral Vascular Devices Market Report Scope

Report Attribute Details
Market size in 2023 US$ 12.5 Billion
Market Size by 2031 US$ 18.5 Billion
Global CAGR (2023 - 2031) 5.7%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Peripheral Vascular Stents
  • Peripheral Transluminal Angioplasty Balloon Catheters
  • PTA Guidewires
  • Atherectomy Devices
  • Chronic Total Occlusion Devices
  • Aortic Stents
  • Synthetic Surgical Grafts
  • Embolization Guidewires
By End User
  • Hospitals & Clinics
  • Ambulatory Care Centers
  • Specialty Clinics
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Abbott
  • Edwards Lifesciences Corporation
  • Medtronic
  • Teleflex Incorporated
  • Boston Scientific Corporation
  • BD
  • Cook Medical LLC
  • Terumo Corporation
  • B Braun Melsungen AG
  • Cardinal Health Inc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Peripheral Vascular Devices Market News and Recent Developments

The peripheral vascular devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Veterinary Diagnostics market are listed below:

  • Shockwave Medical, Inc., a pioneer in the development of Intravascular Lithotripsy (IVL) to treat severely calcified cardiovascular disease, announced the launch of the Shockwave L6 Peripheral IVL Catheter following clearance by the US Food and Drug Administration (FDA). (Source: Shockwave Medical, Press Release, March 2023)
  • BD launches PAD treatment study with vascular-covered stent. (Source: BD, Newsletter, March 2024)

Peripheral Vascular Devices Market Report Coverage and Deliverables

The “Peripheral Vascular Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Veterinary diagnostics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Veterinary diagnostics market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Veterinary diagnostics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Veterinary Diagnostics market
  • Detailed company profiles
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Product and End User

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the expected CAGR of the peripheral vascular devices market?

The peripheral vascular devices market is estimated to grow with a CAGR of 5.7% from 2023 to 2031.

What would be the estimated value of the peripheral vascular devices market by 2031?

The estimated value of the peripheral vascular devices market by 2031 is US$ 18.5 billion

Which are the leading players operating in the peripheral vascular devices market?

The peripheral vascular devices market majorly consists of the players such as Abbott, Edwards Lifesciences Corporation, Medtronic, Teleflex Incorporated, Boston Scientific Corporation, BD, Cook Medical LLC, Terumo Corporation, B. Braun Melsungen AG, and Cardinal Health Inc. among others

What are the future trends of the peripheral vascular devices market?

Technological Advancements in Embolization Products and Procedures

What are the driving factors impacting the peripheral vascular devices market?

Rising incidence of atherosclerosis, smoking, alcoholism, and obesity, coupled with the increasing prevalence of peripheral artery disease and arterial embolism are propelling the market. However, the high costs and complications associated with embolization procedures are hampering the market's growth.

Which region dominated the peripheral vascular devices market in 2023?

North America dominated the peripheral vascular devices market in 2023

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