The latest research study “Peripheral Vascular Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, offers a comprehensive analysis of the industry, which comprises insights on global peripheral vascular devices market share. The market size reached US$ 10.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.
Peripheral vascular devices are used to treat peripheral vascular disease (PVD) caused due to blockage, narrowing, or spasms in the blood vessels outside the heart, feet, and brain. Some commonly known peripheral vascular devices include peripheral vascular stents, transluminal angioplasty (PTA) balloon catheters, inferior vena cava (IVC) filters, peripheral transluminal angioplasty (PTA) guidewires, atherectomy devices, and embolic protection devices (EPD). They are safe, minimize infection and irritation risk, enhance blood flow, and supply oxygenated blood through arteries. As a result, peripheral vascular devices are widely adopted in ambulatory care centers, clinics, hospitals, and specialty clinics across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Peripheral Vascular Devices Market Trends and Drivers:
The market is primarily driven by the rising prevalence of venous and chronic venous insufficiency (CVI) across the globe. In addition, the growing geriatric population that is more susceptible to numerous illnesses, such as peripheral artery disease (PAD) and blockages, is contributing to the market growth. Moreover, the rising preference for minimally invasive surgeries (MIS) as they offer less postoperative pain, fewer complications, faster recovery, less scaring, and shortened hospital stays represents another major growth-inducing factor. Apart from this, the widespread adoption of atherectomy devices due to the rising incidences of obesity, atherosclerosis, and lifestyle-related disorders are also accelerating the product adoption rate. Furthermore, expanding healthcare sector, the rising disposable incomes of consumers, and extensive research and development (R&D) activities conducted by key players are also creating a favorable market outlook.
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Peripheral Vascular Devices Market Report Segmentation 2023-2028:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Abbott Laboratories
- B. Braun SE (B. Braun Holding GmbH & Co. KG)
- Becton
- Dickinson and Company
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Cook Group Incorporated
- Cordis Corporation
- iVascular S.L.U.
- Koninklijke Philips N.V.
- Medtronic plc and Terumo Medical Corporation.
The report has been segmented the market into following categories:
Breakup by Device Type:
- Peripheral Vascular Stents
- Peripheral Transluminal Angioplasty (PTA) Balloon Catheters
- Peripheral Transluminal Angioplasty (PTA) Guidewires
- Atherectomy Devices
- Embolic Protection Devices
- Inferior Vena Cava Filters
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Care Centers
- Specialty Clinics
- Others
Breakup By Regions:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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