Peripheral Vascular Devices And Equipment Market Future Trends Influencing Growth Through 2030
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What Level Of Market Value Growth Is Predicted For The Peripheral Vascular Devices And Equipment Market From 2026 To 2030?
The peripheral vascular devices and equipment market size has demonstrated consistent expansion over recent years. It is projected to increase from $10.29 billion in 2025 to $10.56 billion in 2026, achieving a compound annual growth rate (CAGR) of 2.5%. The historical development of this market can be linked to the rising prevalence of peripheral artery disease, an expanding aging demographic, the broadening of interventional cardiology practices, the increasing uptake of catheter-based therapies, and heightened investments in hospital infrastructure.
The peripheral vascular devices and equipment market is projected to experience robust expansion over the coming years. This market is set to reach $13.15 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.7%. This anticipated growth during the forecast period is fueled by several factors, including the surging demand for minimally invasive vascular treatments, the escalating adoption of bioresorbable materials, the broadening scope of outpatient vascular procedures, a heightened emphasis on precision-guided interventions, and significant advancements in peripheral stent technologies. Key trends anticipated within the forecast timeframe encompass the expanding use of drug-coated vascular devices, a surge in minimally invasive endovascular procedures, increasing requirements for sophisticated atherectomy systems, the wider application of image-guided peripheral interventions, and a stronger commitment to ensuring long-term device patency.
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What Primary Drivers Are Shaping The Peripheral Vascular Devices And Equipment Market?
The peripheral vascular devices and equipment market is expected to expand due to increasing healthcare expenditure. Healthcare expenditure refers to the total financial investment made by individuals, organizations, or governments in goods and services related to healthcare within a specified duration. An increase in this spending can lead to higher demand for peripheral vascular devices and equipment, as healthcare systems invest in advanced medical technologies to improve the diagnosis and treatment of conditions like peripheral artery disease, thereby enhancing patient care and outcomes. For instance, in April 2025, according to The Office for National Statistics (ONS), a UK-based producer of official statistics and the government’s principal source of data, government-funded healthcare spending reached USD 2.91 billion (£258 billion) in 2024, which was a real-terms increase of 2.5% from 2023, indicating stronger funding for care delivery and equipment. Therefore, growing healthcare expenditure will drive the peripheral vascular devices and equipment market forward.
What Are The Different Segment Types In The Peripheral Vascular Devices And Equipment Market Segment Breakdown?
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
What Trends Are Affecting The Growth Of The Peripheral Vascular Devices And Equipment Market?
Leading companies in the peripheral vascular devices and equipment market are concentrating on developing advanced products, such as larger-diameter catheters, with the aim of improving the treatment of peripheral artery diseases. These wider-diameter catheters are medical instruments crafted to facilitate the drainage or administration of fluids, medications, or other substances. For example, in March 2023, Shockwave Medical Inc., a US-based medical device company, introduced its peripheral intravascular lithotripsy (IVL) catheter. The distinctive characteristic of the Shockwave L6 Peripheral IVL catheter lies in its specialized design, engineered to efficiently modify calcification within challenging lesions in large peripheral vessels, specifically the iliac and common femoral arteries. This focused strategy aims to resolve the widespread issue of calcification in these arteries, which is frequently associated with lower procedural success and elevated complication rates when utilizing standard endovascular techniques.
Who Are The Well-Known Companies In The Peripheral Vascular Devices And Equipment Market?
Major companies operating in the peripheral vascular devices and equipment market are 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
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Which Region Dominates The Peripheral Vascular Devices And Equipment Market By Market Share?
North America was the largest region in global peripheral vascular devices and equipment market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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