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What fueled the previous growth in the peripheral artery disease market?

The market size for peripheral artery disease has seen a robust expansion in the past few years. The market valuation is projected to rise from $4.31 billion in 2024 to $4.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period can be traced back to factors like the rising frequency of risk factors, increment in the aging population, clinical study and research, evidence-based medicine, awareness efforts and screening programs, as well as government-run healthcare initiatives.

What will be the peripheral artery disease market size in the future?

The market size for peripheral artery disease is predicted to experience significant growth in the upcoming years, expanding to $6.23 billion by 2029 with a compound annual growth rate (CAGR) of 7.7%. The expected growth during the forecast period is due to factors such as a focus on patient-centered care, advances in minimally invasive techniques, growth in digital health and remote patient monitoring, regenerative medicine developments, and precise drug therapies. Key trends for the forecast period entail initiatives for health equality, incorporation of fitness trackers and smartwatches, the broadening of home-centric rehabilitation, patient’s treatment outcome reports (pros), and a shift towards outpatient environments.

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What main drivers are fueling expansion in the peripheral artery disease market?

The increase in the occurrence of peripheral artery diseases is anticipated to fuel the expansion of the peripheral artery disease market. Peripheral artery disease is a condition where arteries outside the heart, typically in the legs, get narrowed or blocked, hindering blood flow and possibly leading to further complications. The treatment for peripheral artery disease helps to alleviate its symptoms, improves mobility, and minimizes the chances of severe complications, thereby enhancing the patients’ quality of life. For example, it was projected by the American Heart Association, a nonprofit organization based in the U.S., in June 2023 that about 7 to 12 million people in the United States and 200 million worldwide are afflicted by this disease. Consequently, this upsurge in peripheral artery disease prevalence is stimulating the peripheral artery disease market’s growth.

What key areas define the segmentation of the global peripheral artery disease market?

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

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Who are the dominant players expanding their reach in the peripheral artery disease market?

Major companies operating in the peripheral artery disease market include Cardinal Health Inc., Vascular Solutions Inc., Bayer AG, Abbott Laboratories, Medtronic plc., Koninklijke Philips N.V. (Royal Philips), B. Braun Melsungen AG., Terumo Corporation, Edwards Lifesciences, Becton Dickinson and Company (BD), Boston Scientific Corporation Incorporated, Cook Group Incorporated, Merit Medical Systems Inc., NuVasive Inc., Arjo AB, Penumbra Inc., BIOTRONIK SE and Co. KG, AngioDynamics Inc., Shockwave Medical Inc., Cardiovascular Systems Inc., Endologix LLC., LeMaitre Vascular Inc., Silk Road Medical Inc., WL Gore and Associates Inc., MicroPort Scientific Corporation, Bard Peripheral Vascular Inc., Avinger Inc.

How are evolving market trends shaping peripheral artery disease Strategies?

The trend of technological progression is increasing in prominence within the peripheral artery disease market. Mainstream corporations active within the market are embracing advanced surgical procedures to remain competitive. For example, Genesis MedTech Group, stationed in Singapore, unveiled a chocolate touch paclitaxel DCB catheter in November 2022, an innovative percutaneous transluminal angioplasty (PTA) catheter customised to treat superficial femoral artery and popliteal artery diseases. This drug-coated balloon is unique, merging the process of administering medicinal agents with a state-of-the-art angioplasty platform to address peripheral artery disease. The balloon utilises cushion-like structures filled with a therapeutic solution that gradually opens in minuscule portions, presenting an alternate form of treatment to conventional drug-coated balloon angioplasty for those grappling with peripheral artery disease. Consequently, this increases the surface area of the balloon, ensuring a more effective delivery of medication to the vessel wall and getting rid of the need for lasting implants.

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Which regions are emerging as leaders in 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.

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