Peripheral Vascular Devices And Equipment Market Size to Exceed $13.44 Billion by 2029 | Growth and Industry Trends
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How Fast Is The Peripheral Vascular Devices And Equipment Market Expected to Grow Between 2025 And 2029?
Recent years have seen a robust expansion of the peripheral vascular devices and equipment market. The market, which is currently valued at $10.62 billion in 2024, is projected to expand to $11.37 billion in 2025, representing a compound annual growth rate (CAGR) of 7.1%. The factors contributing to this growth during the historical period include the prevalence of cardiovascular disease, an aging demographic, the management of chronic diseases, as well as clinical guidelines and research.
What Growth Rate Is Anticipated for the Peripheral Vascular Devices And Equipment Market in the Coming Years?
The market size for peripheral vascular devices and equipment is anticipated to experience consistent expansion in the coming years, reaching $13.44 billion in 2029 with a compound annual growth rate (CAGR) of 4.3%. This projected growth within the forecast period is due to factors such as minimally invasive operations, the integration of telehealth, worldwide healthcare access, and drug-coated tools. Expected trends within this period include the use of artificial intelligence (AI) in vascular medicine, interventions assisted by robots, point-of-care testing, and bioresorbable vascular scaffolds.
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Who Are the Leading Companies in the Peripheral Vascular Devices And Equipment Market?
Major companies operating in the peripheral vascular devices and equipment market include 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
What Are the Key Drivers of the Peripheral Vascular Devices And Equipment Market?
The growth of the peripheral vascular devices and equipment market is propelled by the escalating prevalence of peripheral artery diseases. These diseases occur when plaque, composed of fats, cholesterol, and other substances, obstructs arteries in the body, limiting blood flow to critical organs. More than 230 million adults globally are affected by lower extremity peripheral artery disease (PAD), which elevates the risk of severe clinical outcomes, including other cardiovascular diseases such as coronary heart disease and stroke, as well as leg-related outcomes like amputation. The disease manifests differently in younger individuals, but the occurrence rate dramatically increases in older people, with over 20% of individuals over the age of 80 having PAD. The Center for Disease Control and Prevention (CDC) reports that about 8.5 million individuals in the USA have peripheral artery diseases, and 12-20% of these patients are over 60 years old.
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What Are the Key Market Segments in the Peripheral Vascular Devices And Equipment Industry?
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 Are the Latest Trends in the Peripheral Vascular Devices And Equipment Market?
Significant firms in the peripheral vascular devices and equipment market are concentrating their efforts on the creation of superior products such as catheters with larger diameters. These are aimed at improving the treatment procedures for peripheral artery diseases. A catheter with a larger diameter is a medical tool intended to assist fluid, medication, or other substance administration or drainage. For example, in March 2023, Shockwave Medical Inc, a medical device establishment based in the US, launched the peripheral intravascular lithotripsy (IVL) catheter. This Shockwave L6 Peripheral IVL catheter stands out for its unique design tailored to effectively deal with calcification in difficult lesions found in large peripheral vessels such as the common femoral and iliac arteries. This specialized approach tackles the frequent calcification issue in these arteries that often leads to lesser procedural success rates and elevated complication risks with conventional endovascular methods.
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What Are the Key Regional Markets in the Peripheral Vascular Devices And Equipment Industry?
North America was the largest region in global peripheral vascular devices and equipment market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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This Report Delivers Insight On:
1. How big is the peripheral vascular devices and equipment market, and how is it changing globally?
2. Who are the major companies in the peripheral vascular devices and equipment market, and how are they performing?
3. What are the key opportunities and risks in the peripheral vascular devices and equipment market right now?
4. Which products or customer segments are growing the most in the peripheral vascular devices and equipment market?
5. What factors are helping or slowing down the growth of the peripheral vascular devices and equipment market?
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