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The peripheral vascular devices and equipment market has experienced robust growth, increasing from $8.49 billion in 2023 to $9.12 billion in 2024, with a compound annual growth rate (CAGR) of 7.3%. Forecasts predict continued strong growth, reaching $11.69 billion in 2028, driven by various factors such as minimally invasive procedures, telehealth integration, and global access to healthcare. This blog explores the rising incidence of peripheral artery diseases, major trends, and innovative advancements in peripheral vascular devices.

Rising Incidence of Peripheral Artery Diseases
Peripheral Artery Diseases Overview

• The market is propelled by the increasing prevalence of peripheral artery diseases (PAD).
• PAD occurs when arteries are blocked by plaque, restricting blood flow and causing adverse clinical outcomes.

Global Impact

• Over 230 million adults worldwide suffer from lower extremity PAD.
• Incidence rises sharply with over 20% of individuals over 80 years old affected.
• In the USA, approximately 8.5 million people have peripheral artery diseases, with 12-20% aged above 60 years.

Major Companies in the Market

• Key players include Medtronic PLC, Boston Scientific Corporation, Abbott Laboratories, and Terumo Corporation.
• These companies contribute significantly to the development and growth of the peripheral vascular devices market.

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Innovative Advancements in Peripheral IVL Catheters
Peripheral IVL Catheters

• Companies focus on innovative advancements like peripheral intravascular lithotripsy (IVL) catheters.
• Shockwave Medical Inc. launched the Shockwave M5+ Peripheral IVL Catheter, designed to optimize IVL therapy in large peripheral vessels.

Efficient Treatment

• New catheters decrease IVL treatment time, provide alternative access options, and expand IVL therapy to patients with larger vessel sizes.
• These advancements offer efficient and effective treatment for challenging cases.

Strategic Acquisitions for Procedural Efficiencies
Boston Scientific’s Acquisition of Devoro Medical

• In September 2021, Boston Scientific acquired Devoro Medical, Inc. for an undisclosed amount.
• The acquisition adds the WOLF platform, enhancing efforts to improve procedural efficiencies.
• Devoro Medical, Inc. is a US-based manufacturer of medical technology.

Focus on Procedural Advancements

• Boston Scientific’s strategic move underscores the industry’s commitment to providing physicians with advanced tools for procedural improvements.
• The WOLF platform is expected to contribute to procedural efficiency enhancements.

Market Segmentation and Forecast
Market Segmentation

1. Type:
   • Peripheral vascular stents
   • Angioplasty balloons
   • Catheters
   • PTA guide wires
   • Atherectomy devices
   • Chronic total occlusion devices
   • Aortic stents
   • Synthetic surgical grafts
   • Embolic protection devices
   • Inferior vena cava filters
2. Application:
   • Treatment of Peripheral Blood Vessels Damaged
   • Treatment of Peripheral Blood Vessels Blockage
3. End User:
   • Hospital applications
   • Clinic applications

Forecasted Growth

• The market is expected to witness strong growth, reaching $11.69 billion in 2028, with a CAGR of 6.4%.
• Anticipated factors driving growth include minimally invasive procedures, telehealth integration, and the global accessibility of healthcare.

Conclusion
In conclusion, the peripheral vascular devices and equipment market are witnessing significant growth driven by factors such as the rising incidence of peripheral artery diseases, innovative advancements in peripheral IVL catheters, and strategic acquisitions for procedural efficiencies. Major trends, including the integration of artificial intelligence, robot-assisted interventions, and point-of-care testing, are shaping the future of this market. As technological advancements continue, the peripheral vascular devices market plays a crucial role in enhancing treatment options and improving patient outcomes globally.

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