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Global Peripheral Vascular Devices Market Size is valued at USD 10.9 Bn in 2024 and is predicted to reach USD 19.8 Bn by the year 2034 at a 6.2% CAGR during the forecast period for 2025-2034.
Peripheral vascular disease (PVD) is caused due to accumulation of plaque within the inside lining of arteries. With the increasing age, the incidence of PVD also increases. It is more common among the diabetic and smoking population. More than 5% of the population above age 50 years suffers from PVD. Insufficient blood flow and narrowing of arteries are the most common peripheral diseases caused due to plaque build-up. These diseases can be treated through minimally invasive surgeries. Peripheral vascular devices are used for the treatment of these blocked arteries and to remove the build-up plaque.
Peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, and aortic stents are the most used devices for the treatment of PVD. The growth of this market is driven by factors such as rising incidences of PVD, increasing demand for minimally invasive procedures, changing lifestyles, and the global aging population. Asia is expected to be the largest market with high growth opportunities owing to rising disposable income and the high unmet medical needs of the patient population.
The peripheral vascular devices market is a segment based on product type, end-user, and geography. In terms of product type, the global market is segregated aortic stent-grafts, arteriotomy closure devices, carotid and renal artery stents, inferior vena cava filters (IVCF), peripheral embolic protection devices, peripheral guidewires, peripheral vascular stents, PTA balloons catheters, PTA peripheral drug-eluting, balloons (DEB) catheters, renal denervation catheters, tip location devices, and vascular grafts. The peripheral vascular stents market holds a major share in the total peripheral vascular devices market.
The growth of this market is justified by the increasing incidence rate of lifestyle diseases such as obesity and diabetes. The embolic protection devices market is expected to grow at the highest growth rate during the forecasted period. Technological advancements in the devices such as tracking the position during the procedure and drug-coated stents would boost the demand for these devices as it overcomes the issues faced by surgeons.
Based on end-user, the global peripheral vascular devices market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and others. PVD is a vastly under-diagnosed disease, less than 30% of the total patient population are diagnosed with PVD. Lack of awareness among patients is the main reason for the under-diagnosis of PVD. It is estimated that 20% of the total patient population have PVD, and are prone to high-risk factors such as diabetes and obesity contributors for the development of PVD. Hence, with the increasing aging population, the incidence rate of PVD would also grow to impact the growth of the market. The rising incidence rate would have a high impact on the growth of the peripheral vascular devices market throughout the forecast period.
Based on geography, the global Peripheral Vascular Devices market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of revenue, North America is estimated to account for the largest share in the global market in 2019. There is a general increase in the peripheral and lower limb procedures which would boost the market for these devices during the forecast period; more than 15% of the total aged population suffers from PAD in this region. The aging population in North America is expected to increase by around 5% every year.
However, the infections caused due to peripheral vascular implantations and surgeries would prove to be a challenge for the growth of these devices. In order to overcome these issues and meet patient's demands, manufacturers are coming up with newer and technologically advanced products which would increase the base of the treatable population. Market players such as Cordis Corporation, Boston Scientific Corporation, and Abbott Laboratories have a significant presence in the North American market.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 10.9 Billion |
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Revenue Forecast In 2034 |
USD 19.8 Billion |
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Growth Rate CAGR |
CAGR of 6.2% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Billion, volume (units) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, By End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Abbott Laboratories, Boston Scientific Corp, Biotronik, Bentley InnoMed GmbH, Cardiva Medical Inc., Medtronic plc, W. L. Gore & Associates Inc, Avascular S.L.U, Cook Medical Inc, Terumo Corp, B. Braun Melsungen AG, Getinge AB, C. R. Bard Inc (BD), Cardinal Health Inc., Cordis Corp, Endologix Inc, and Terumo Medical Corporation among others. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Peripheral Vascular Devices Market Snapshot
Chapter 4. Global Peripheral Vascular Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Product Type:
5.2.1. Aortic Stent Grafts
5.2.2. Arteriotomy Closure Devices
5.2.3. Carotid and Renal Artery Stents
5.2.4. Inferior Vena Cava Filters (IVCF)
5.2.5. Peripheral Embolic Protection Devices
5.2.6. Peripheral Guidewires, Peripheral Vascular Stents
5.2.7. PTA Balloons Catheters
5.2.8. PTA Peripheral Drug Eluting
5.2.9. Balloons (DEB) Catheters
5.2.10. Renal Denervation Catheters
5.2.11. Tip Location Devices
5.2.12. Vascular Grafts
Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (no. of units) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-users:
6.2.1. Hospitals
6.2.2. Ambulatory Care Centers
6.2.3. Specialty Clinics
6.2.4. Others
Chapter 7. Peripheral Vascular Devices Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Peripheral Vascular Devices Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2021-2034
7.1.2. North America Peripheral Vascular Devices Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2021-2034
7.1.3. North America Peripheral Vascular Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
7.2. Europe
7.2.1. Europe Peripheral Vascular Devices Market revenue (US$ Million) by Product Type, 2021-2034
7.2.2. Europe Peripheral Vascular Devices Market revenue (US$ Million) by End-users, 2021-2034
7.2.3. Europe Peripheral Vascular Devices Market revenue (US$ Million) by country, 2021-2034
7.3. Asia Pacific
7.3.1. Asia Pacific Peripheral Vascular Devices Market revenue (US$ Million) by Product Type, 2021-2034
7.3.2. Asia Pacific Peripheral Vascular Devices Market revenue (US$ Million) by End-users, 2021-2034
7.3.3. Asia Pacific Peripheral Vascular Devices Market revenue (US$ Million) by country, 2021-2034
7.4. Latin America
7.4.1. Latin America Peripheral Vascular Devices Market revenue (US$ Million) by Product Type, 2021-2034
7.4.2. Latin America Peripheral Vascular Devices Market revenue (US$ Million) by End-users, 2021-2034
7.4.3. Latin America Peripheral Vascular Devices Market revenue (US$ Million) by country, 2021-2034
7.5. Middle East & Africa
7.5.1. Middle East & Africa Peripheral Vascular Devices Market revenue (US$ Million) by Product Type, 2021-2034
7.5.2. Middle East & Africa Peripheral Vascular Devices Market revenue (US$ Million) by End-users, 2021-2034
7.5.3. Middle East & Africa Peripheral Vascular Devices Market revenue (US$ Million) by country, 2021-2034
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Abbott Laboratories
8.2.2. Boston Scientific Corp
8.2.3. Biotronik
8.2.4. Bentley InnoMed GmbH
8.2.5. Cardiva Medical Inc.
8.2.6. Medtronic plc
8.2.7. W. L. Gore & Associates Inc
8.2.8. Avascular S.L.U
8.2.9. Cook Medical Inc
8.2.10. Terumo Corp
8.2.11. B. Braun Melsungen AG
8.2.12. Getinge AB
8.2.13. C. R. Bard Inc (BD)
8.2.14. Cardinal Health Inc.
8.2.15. Cordis Corp
8.2.16. Endologix Inc
8.2.17. Terumo Medical Corporation
8.2.18. Other Prominent Players
Global Peripheral Vascular Devices Market Outlook Value (US$ Mn) & Volume (No. of units), By Product Type
Global Peripheral Vascular Devices Market Outlook Value (US$ Mn) & Volume (No. of units), By End-Users
Global Peripheral Vascular Devices Market Outlook Value (US$ Mn) & Volume (No. of units), By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
