Discover trends, market shifts, and competitive outlooks for the peripheral vascular devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Are the Key Milestones in the Peripheral Vascular Devices And Equipment Market’s Growth Trajectory From 2025 To 2034?
In recent times, the market size of peripheral vascular devices and equipment has experienced substantial growth. The market is projected to expand from $10.62 billion in 2024 to $11.37 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period is associated with the prevalence of cardiovascular disease, an aging population, management of chronic diseases, and clinical guidelines and research.
Predictions indicate a consistent expansion in the peripheral vascular devices and equipment market, anticipated to reach a value of $13.44 billion in 2029, with a compound annual growth rate (CAGR) of 4.3%. Elements such as minimally invasive operations, the adoption of telehealth, worldwide healthcare accessibility, and drug-coated devices contribute to this growth projection during the forecast period. Significant trends expected to influence the market during this period include the incorporation of artificial intelligence (AI) into vascular medicine, the use of robot-assisted procedures, point-of-care testing, and the availability of bioresorbable vascular scaffolds.
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What Are the Major Market Drivers Behind the Rising Adoption of Peripheral Vascular Devices And Equipment Market?
The increase in the number of individuals suffering from peripheral artery diseases propels the market for peripheral vascular devices and equipment. These diseases occur when arteries within the human body are obstructed by plaque composed of fats, cholesterol, and various other elements, thereby limiting blood circulation to vital organs. Lower extremity peripheral artery disease (PAD) influences over 230 million adults across the globe, and is linked to an escalated risk of several harmful clinical outcomes, such as other cardiovascular diseases like coronary heart disease, stroke, and leg complications like amputation. While the disease’s prevalence varies in younger demographics, the incidence notably spikes with more than 20% of individuals over the age of 80 affected by PAD. Based on data from the Center for Disease Control and Prevention (CDC), about 8.5 million individuals in the USA suffer from peripheral artery diseases, with 12-20% of this number being people aged above 60 years.
Which Key Market Segments Comprise the Peripheral Vascular Devices And Equipment Market and Drive Its Revenue Growth?
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
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Which Areas Are Leading Regions in the Peripheral Vascular Devices And Equipment Market Expansion Across the Globe?
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.
What Are the Current Market Growth and Trends in the Peripheral Vascular Devices And Equipment Industry?
Leading companies in the peripheral vascular devices and equipment market are turning their attention to the creation of cutting-edge products like larger-diameter catheters to boost the effectiveness of peripheral artery disease treatments. These catheters are specially designed medical tools to aid in the expulsion or introduction of various substances, such as fluids or medications. For instance, in March 2023, Shockwave Medical Inc., a medical device firm based in the United States, introduced the peripheral intravascular lithotripsy (IVL) catheter. The distinctive attribute of the Shockwave L6 Peripheral IVL catheter is its custom design that squarely addresses the calcification of problematic lesions in large peripheral vessels, like the iliac and common femoral arteries. These arteries often experience calcification, which can result in less successful procedures and an increased rate of complications with conventional endovascular techniques.
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How Is the Peripheral Vascular Devices And Equipment Market Conceptually Defined?
Peripheral vascular devices and equipment are used to treat peripheral vascular diseases which are slow and progressive blood circulation disorders caused by blockages, narrowing, or spasms in blood vessels outside the heart and brain including arteries and veins.
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