2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Major Innovations Are Driving the Accelerated Growth of the Peripheral Artery Disease Market?

The peripheral artery disease market is poised to grow due to the increasing prevalence of peripheral artery diseases. Peripheral artery disease essentially involves the constriction or obstruction of arteries outside the heart, typically in the legs, which leads to diminished blood flow and possible complications. Treatment for peripheral artery disease helps to alleviate the symptoms, improve mobility, and decrease the likelihood of serious complications, thus enhancing the patients’ quality of life. The American Heart Association, a non-profit organization based in the U.S., estimated in June 2023 that the number of people affected by this condition ranges from 7 to 12 million in the United States and 200 million worldwide. Consequently, the escalating prevalence of peripheral artery diseases is fueling the expansion of the peripheral artery disease market.

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#What is the Projected CAGR for the Peripheral Artery Disease Market Size from 2025 to 2034?

The market size for peripheral artery disease has experienced significant growth in the past few years. Projected growth sees the market expanding from $4.31 billion in 2024 to $4.63 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. Factors contributing to the growth during the historical period include a rise in risk factors, an increasing aging population, advancements in clinical research and evidence-based medicine, awareness and screening programs, and government healthcare initiatives.

In the coming years, a robust expansion is forecasted for the peripheral artery disease market, which is expected to reach a value of $6.23 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.7%. The predicted growth during the forecast period can be attributed to factors such as the emphasis on patient-centered care, advancements in minimally invasive procedures, the impact of digital health and remote monitoring, developments in regenerative medicine, and specific drug therapies. Notable trends for the forecast period also include efforts towards health equity, the incorporation of wearable devices, the growth of home-based rehabilitation, feedback from patient-reported outcomes (pros), and a transition to outpatient settings.

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What Are the Most Significant Market Trends Transforming thePeripheral Artery Disease Market?

In the peripheral artery disease market, technological innovations are gaining traction as a significant trend. To maintain their market position, major firms in the peripheral artery disease market are embracing advanced surgical treatments. For example, Genesis MedTech Group, a medical device company based in Singapore, launched chocolate touch paclitaxel DCB catheter, a percutaneous transluminal angioplasty (PTA) catheter in November 2022 for treating patients with superficial femoral artery and popliteal artery disease. This first-of-its-kind balloon catheter in the device merges therapeutic agent delivery with a cutting-edge angioplasty platform for treating peripheral artery disease. It utilises cushion-like structures coated with a therapeutic substance that opens in minuscule sections, offering an alternate treatment to traditional drug-coated balloon angioplasty for individuals afflicted with peripheral artery disease. Consequently, the balloon’s surface area expands, enabling more efficient drug delivery to the vessel wall and eliminating the need for permanent implants.

What Are the Top Market Players Propelling the Growth of thePeripheral Artery Disease Industry?

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.

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Which Primary Segments of the Peripheral Artery Disease Market Are Driving Growth and Industry Transformations?

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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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Peripheral Artery Disease Market?# 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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