Peripheral Vascular Devices And Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

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.

Sizing and Forecast

The peripheral vascular devices and equipment market size has grown strongly in recent years. It will grow from $8.49 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%.  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 strong growth in the next few years. It will grow to $11.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.  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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Segmentation & Regional Insights

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,

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.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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

The peripheral vascular devices and equipment market report table of contents includes:

 

1. Executive Summary
2. Peripheral Vascular Devices And Equipment Market Characteristics
3. Peripheral Vascular Devices And Equipment Market Trends And Strategies
4. Peripheral Vascular Devices And Equipment Market – Macro Economic Scenario
5. Global Peripheral Vascular Devices And Equipment Market Size and Growth

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31. Global Peripheral Vascular Devices And Equipment Market Competitive Benchmarking
32. Global Peripheral Vascular Devices And Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Peripheral Vascular Devices And Equipment Market
34. Peripheral Vascular Devices And Equipment Market Future Outlook and Potential Analysis
35. Appendix

Top Major Players:

• Medtronic PLC
• Boston Scientific Corporation
• Abbott Laboratories
• Cook Group
• Angiomed GmbH & Co

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