Driving Forces Behind the Peripheral Vascular Devices And Equipment Market in 2025: Spotlight on Rising Incidence Of Peripheral Artery Diseases Drives Peripheral Vascular Devices Market Driver

What are the latest figures on the peripheral vascular devices and equipment market’s size and projected CAGR?

The peripheral vascular devices and equipment market size has grown strongly in recent years. It will grow from $10.62 billion in 2024 to $11.37 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to cardiovascular disease prevalence, aging population, chronic disease management, clinical guidelines and research.

The peripheral vascular devices and equipment market size is expected to see steady growth in the next few years. It will grow to $13.44 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to minimally invasive procedures, telehealth integration, global access to healthcare, drug-coated devices. Major trends in the forecast period include artificial intelligence (ai) in vascular medicine, robot-assisted interventions, point-of-care testing, bioresorbable vascular scaffolds.

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Which Market drivers have played a significant role in driving the peripheral vascular devices and equipment market?

The peripheral vascular devices and equipment market is driven by the rising number of people with peripheral artery diseases. Peripheral artery diseases are caused when arteries in the human body are blocked by plaque consisting of fats, cholesterol, and other substances restricting their blood flow to important organs. Lower extremity peripheral artery disease (PAD) affects >230 million adults worldwide and is associated with increased risk of various adverse clinical outcomes (other cardiovascular diseases such as coronary heart disease and stroke and leg outcomes such as amputation. The disease is different in younger populations; but, the incidence rises sharply, with over 20% of people over 80 years old having PAD. According to the Center for Disease Control and Prevention (CDC), approximately 8.5 million people in the USA are suffering from peripheral artery diseases, of which 12-20% are aged above 60 years.

What are the key segments within the peripheral vascular devices and equipment market?

The peripheral vascular devices and equipment market covered in this report is segmented –

1) By Type: Peripheral vascular stents, Percutaneous transluminal angioplasty balloons, Catheters, PTA guide wires, Atherectomy devices, Chronic total acclusion devices, Aortic stents, Synthetic surgical grafts, Embolic protection devices, Inferior vena cava filters

2) By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage

3) By End User: Hospital applications, Clinic applications

Subsegments:

1) By Peripheral Vascular Stents: Balloon-expandable Stents, Self-expanding Stents

2) By Percutaneous Transluminal Angioplasty Balloons: Drug-coated Balloons, Non-drug-Coated Balloons

3) By Catheters: Diagnostic Catheters, Therapeutic Catheters

4) By PTA Guide Wires: Hydrophilic Guide Wires, Non-hydrophilic Guide Wires

5) By Atherectomy Devices: Rotational Atherectomy Devices, Orbital Atherectomy Devices, Laser Atherectomy Devices, Directional Atherectomy Devices

6) By Chronic Total Occlusion Devices: CTO crossing devices, CTO re-entry devices

7) By Aortic Stents: Self-expanding Aortic Stents, Balloon-expandable Aortic Stents

8) By Synthetic Surgical Grafts: Polyester Grafts, Polytetrafluoroethylene (PTFE) Grafts, Dacron Grafts

9) By Embolic Protection Devices: Distal Protection Devices, Proximal Protection Devices

10) By Inferior Vena Cava Filters: Permanent Filters, Retrievable Filters

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Which key players are shaping the peripheral vascular devices and equipment market?

Major companies operating in the peripheral vascular devices and equipment market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Group, Angiomed GmbH & Co. Medizintechnik KG, Terumo Corporation, ENDOLOGIX Inc., Bolton Medical Inc., JOTEC GmbH, Clearstream Technologies, Aesculap AG, Curative Medical Devices, Lepu Medical Technology, MicroPort, Bioteque Corporation Co.Ltd., Cardinal Health, iVascular, B. Braun Group, Biosensors International Group, BIOTRONIK SE & Co., COVIDien, Volcano Corporation, AngioScore, Edwards Lifesciences Corporation, Cordis Corporation, Koninklijke Philips N.V., Nipro Corporation, Bluesail Medical Co. Ltd, Rex Medical, Teleflex Incorporated, Penumbra Inc., Lombard Medical Technologies PLC, W.L. Gore & Associates Inc., Merit Medical Systems Inc., Vascular Solutions Inc., LeMaitre Vascular Inc., Spectranetics Corporation

How will evolving trends contribute to the growth of the peripheral vascular devices and equipment market?

Major companies operating in the peripheral vascular devices and equipment market are focused on developing advanced products, such as larger-diameter catheters, to enhance the treatment of peripheral artery diseases. Larger-diameter catheters are medical devices designed to facilitate the drainage or administration of fluids, medications, or other substances. For instance, in March 2023, Shockwave Medical Inc., a US-based medical device company, launched the peripheral intravascular lithotripsy (IVL) catheter. The unique feature of the Shockwave L6 Peripheral IVL catheter is its specialized design to effectively modify calcification in challenging lesions within large peripheral vessels, such as the iliac and common femoral arteries. This targeted approach addresses the common issue of calcification in these arteries, which is often linked to reduced procedural success and higher complications rates with standard endovascular techniques.

What are the key regional dynamics of the peripheral vascular devices and equipment market, and which region leads in market share?

North America was the largest region in global peripheral vascular devices and equipment market in 2023. Western Europe was the second-largest region in global peripheral vascular devices and equipment market. The regions covered in the peripheral vascular devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Peripheral Vascular Devices And Equipment Market Report 2025 Offer?

The peripheral vascular devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Peripheral vascular devices and equipment are used to treat peripheral vascular diseases which are slow and progressive blood circulation disorders caused by blockages, narrowing, or spasms in blood vessels outside the heart and brain including arteries and veins.

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