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How Will the Peripheral Artery Disease Market’s Growth Rate Evolve Over the Forecast Period to 2034?

The peripheral artery disease market has expanded strongly in recent years. It is anticipated to grow from $4.31 billion in 2024 to $4.63 billion in 2025, at a CAGR of 7.5%. The historical growth drivers include the increasing prevalence of risk factors, an aging population, clinical research advancements, awareness and screening programs, and government healthcare initiatives.

The peripheral artery disease market is expected to see steady growth, reaching $6.23 billion by 2029 at a CAGR of 7.7%. This growth is attributed to a shift towards patient-centric care, innovations in minimally invasive procedures, the expansion of digital health and remote monitoring, developments in regenerative medicine, and the introduction of targeted drug therapies. Key trends in the forecast period include health equity initiatives, the integration of wearable devices, the expansion of home-based rehabilitation, a focus on patient-reported outcomes (PROs), and a transition to outpatient settings.

What Combination of Drivers Is Leading to Accelerated Growth in the peripheral artery disease Market?

The growing prevalence of peripheral artery diseases is expected to fuel the growth of the peripheral artery disease market. Peripheral artery disease is the narrowing or blockage of arteries outside the heart, often in the legs, leading to reduced blood flow and possible complications. Treatment of peripheral artery disease aims to alleviate symptoms, improve mobility, and reduce complications, enhancing patients’ well-being. In June 2023, the American Heart Association estimated that between 7 and 12 million people in the U.S. and 200 million globally are affected by this condition. Therefore, the growing prevalence of peripheral artery diseases is driving the growth of the peripheral artery disease market.

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Who Are the Influential Players Reshaping the Peripheral Artery Disease Market Landscape?

Major companies operating in the peripheral artery disease market include:

• Cardinal Health Inc._x000D_

• Vascular Solutions Inc._x000D_

• Bayer AG_x000D_

• Abbott Laboratories_x000D_

• Medtronic plc._x000D_

What New and Evolving Trends Are Having a Lasting Impact on the Peripheral Artery Disease Market?

Technological advancements are becoming increasingly important in the peripheral artery disease market. Companies are adopting new surgical treatments to strengthen their market presence. For example, in November 2022, Genesis MedTech Group, a Singapore-based medical device company, launched the Chocolate Touch paclitaxel DCB catheter. This drug-coated balloon is the first and only PTA catheter combining a next-generation angioplasty platform with therapeutic drug delivery, aimed at treating peripheral artery disease. The balloon’s pillow-like structures ensure effective drug delivery to the vessel wall, eliminating the need for permanent implants.

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How Are Market Segments in the Peripheral Artery Disease Industry Positioned for Long-Term Growth?

The peripheral artery disease market covered in this report is segmented –

1) By Type: Peripheral Angioplasty Balloons, Peripheral Stents, Peripheral Catheters, Inferior Vena Cava (IVC) Filters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices, Peripheral Accessories

2) By Drugs: Lipid-Lowering Drugs, Blood Pressure Lowering Drugs, Glucose Regulating Drugs, Blood Clot Preventing Drugs, Inotropes, Thrombolytics Agents, Anti-Inflammatory Agents

3) By Route of Administration: Oral, Parenteral, Other Routes of Administration

4) By End Users: Hospitals, Specialty Clinics, Other End Users

Subsegments:

1) By Peripheral Angioplasty Balloons: Drug-Eluting Balloons, Non-Drug-Eluting Balloons, Scoring Balloons, Cutting Balloons

2) By Peripheral Stents: Drug-Eluting Stents, Bare Metal Stents, Covered Stents

3) By Peripheral Catheters: Sheath Introducers, Guidewires, Diagnostic Catheters, Delivery Catheters

4) By Inferior Vena Cava (IVC) Filters: Retrievable IVC Filters, Permanent IVC Filters

5) By Plaque Modification Devices: Atherectomy Devices, Laser Atherectomy Devices, Rotational Atherectomy Devices

6) By Hemodynamic Flow Alteration Devices: Flow Diversion Devices, Flow Restriction Devices

7) By Peripheral Accessories: Diagnostic Imaging Accessories, Accessory Kits for Interventional Procedures, Support Devices

Which Geographic Locations Are Critical to the Growth of the Peripheral Artery Disease Market?

North America was the largest region in the peripheral artery disease market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peripheral artery disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Do Experts Define the Scope of the Peripheral Artery Disease Market?

Peripheral artery disease (PAD) is a disorder that causes the arteries that carry blood to the limbs, most commonly the legs, to thin or block. It is usually caused by atherosclerosis, characterized by the accumulation of fatty deposits (plaques) inside the artery walls, resulting in decreased blood flow to the afflicted regions.

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