2024 Peripheral Vascular Devices And Equipment Market Analysis: Market Size, Key Drivers, and Segment Insights
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What is the Expected Growth Rate of the Peripheral Vascular Devices And Equipment Market from 2024 to 2033?
The peripheral vascular devices and equipment market is projected to grow from $8.49 billion in 2023 to $9.12 billion in 2024, reflecting a CAGR of 7.3%. This growth is driven by the rising prevalence of cardiovascular diseases, an aging population, chronic disease management, and clinical research.
The peripheral vascular devices and equipment market is expected to reach $11.69 billion by 2028 at a CAGR of 6.4%. Growth is driven by minimally invasive procedures, telehealth integration, drug-coated devices, and global healthcare access. Trends include AI in vascular medicine, robot-assisted interventions, and bioresorbable scaffolds.
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What Key Factors Are Fueling the Growth of the Peripheral Vascular Devices And Equipment Market?
The peripheral vascular devices and equipment market is growing due to the increasing number of people suffering from peripheral artery diseases (PAD). PAD occurs when the arteries are blocked by plaque, reducing blood flow to vital organs. PAD affects over 230 million adults worldwide, with older populations more susceptible to the disease. In the U.S., the CDC reports that around 8.5 million people have PAD, with 12-20% of them aged 60 and older. This rising incidence is fueling the demand for peripheral vascular devices.
What Are the Major Segments of the Peripheral Vascular Devices And Equipment Market?
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,
What New Trends Are Transforming the Peripheral Vascular Devices And Equipment Market?
In the peripheral vascular devices market, companies are developing bio-absorbable stents to improve treatment success rates. Meril Life Sciences launched the MeRes100 bioresorbable scaffold in March 2021, designed to dissolve after use and reduce complications like late stent thrombosis, marking an important innovation in cardiovascular treatments.
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Which Regions Are Driving Growth in the Peripheral Vascular Devices And Equipment Market?
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.
The Peripheral Vascular Devices And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the peripheral vascular devices and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Peripheral Vascular Devices And Equipment Market Include
1. Peripheral Vascular Devices And Equipment Market Executive Summary
2. Peripheral Vascular Devices And Equipment Market Segments
3. Peripheral Vascular Devices And Equipment Market Size And Template Market Growth Rate
4. Key Peripheral Vascular Devices And Equipment Market Trends
5. Major Peripheral Vascular Devices And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Peripheral Vascular Devices And Equipment Market
26. Top Peripheral Vascular Devices And Equipment Companies
27. Peripheral Vascular Devices And Equipment Market Opportunities And Strategies
28. Peripheral Vascular Devices And Equipment Market, Conclusions And Recommendations
29. Appendix
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