Peripheral Vascular Devices Market to Grow with a CAGR of 6.84% through 2030
The growing prevalence of
chronic diseases is expected to drive the growth of Global Peripheral Vascular
Devices Market during the forecast period, 2026-2030.
According to TechSci Research
report, “Peripheral Vascular Devices Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2030F”, the Global
Peripheral Vascular Devices Market stood at USD 10.58 billion in 2024 and is anticipated to grow with a CAGR of 6.84% in the forecast period through 2030. This can be ascribed to the
growing incidence of hypertension, obesity, smoking, and alcoholism and the
growing prevalence of peripheral vascular diseases across the globe.
Additionally, favorable reimbursement scenarios for peripheral vascular
procedures are the major factors driving the growth of the market during the
forecast period. Also, the growing number of product approvals and rising rate
of tobacco consumption will further boost the growth of the global peripheral
vascular devices market in the forecast period. Besides, high growth in
emerging markets and growth in the incidence of obesity are driving the demand
for the global peripheral vascular devices market during the forecast period.
However, the high cost of these
devices can be a barrier to adoption by some patients and healthcare systems,
which can slow down the growth of the global peripheral vascular devices market
in the forecast period. Also, a lack of awareness about peripheral vascular
diseases and the treatment options available may restrict the growth of the
global peripheral vascular devices market. Similarly, alternative treatments
available for some peripheral vascular diseases, such as medication and
lifestyle changes may hamper the growth of the market during the forecast
period.
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Global Peripheral Vascular
Devices market can be segmented by Type, End User, Region and Competitive
Landscape.
Based on End User, Ambulatory Surgical Centers (ASCs) are seeing significant growth in the peripheral vascular devices market due to a combination of factors that cater to the needs of both patients and healthcare providers. One of the main drivers for this growth is the cost-effectiveness and operational efficiency offered by ASCs. These centers are able to provide care at a lower cost compared to traditional hospital settings due to their streamlined operations and specialized focus. Shorter procedure times and faster patient turnover also contribute to the overall efficiency and affordability, benefiting both patients and insurers. Additionally, advancements in minimally invasive procedures have made ASCs an increasingly popular choice for patients undergoing peripheral vascular treatments. These procedures, which typically involve less risk and faster recovery times, are ideal for outpatient settings, allowing ASCs to perform a wide variety of surgeries safely and effectively. Moreover, ASCs are known for providing a more personalized, less intimidating environment compared to larger hospitals. This not only improves the patient experience but also results in higher satisfaction levels.
Based on Region, The Asia Pacific region is experiencing the fastest growth in the global peripheral vascular devices market, driven by several key factors. One of the major contributors is the rising prevalence of Peripheral Artery Disease (PAD), particularly among the aging populations in countries like China and India. This increase in PAD cases has created a growing demand for advanced treatment options, including peripheral vascular devices. Additionally, innovations such as drug-eluting stents and bioabsorbable stents are improving the safety and efficacy of vascular interventions, making them more attractive to healthcare providers and patients alike. Another factor fueling growth is the shift towards minimally invasive procedures. These procedures, which offer benefits such as shorter recovery times and fewer complications, have become more popular in the region. This trend is driving the adoption of devices like angioplasty balloons and stents. Furthermore, countries in Asia Pacific are investing heavily in healthcare infrastructure, which is enhancing access to advanced medical technologies and expanding treatment options across the region.
Major companies operating in the
global peripheral vascular devices market are:
- Abbott Laboratories
- AngioScore Inc.
- Edward Lifesciences Corporation
- Medtronic Inc
- St. Jude Medical
- Teleflex Medical
- Volcano Corporation
- Boston Scientific Corporation
- Teleflex Medical
- Cook Group Inc.
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“North America was expected to
dominate in the Global Peripheral Vascular Devices Market on account of rising
incidence of cardiovascular diseases and the growing geriatric population, along
with the strong presence of industry players in the region. Similarly, growing
awareness among people and healthcare industry stakeholders about available
technologies, and the high concentration of market players in the United States
are expected to create lucrative growth in the market during the forecast
period. Also, increasing product launches, partnerships, and acquisitions
particularly in the United States are expected to drive the growth of the
market during the forecast period. Furthermore, growing urban lifestyle as well
as a large population consuming alcohol and tobacco will further create
lucrative opportunities for market growth” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting firm.
“Peripheral Vascular
Devices Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Peripheral
Stents, PTA Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts,
Plaque Modification Devices, Peripheral Accessories, Inferior Vena Cava
Filters, Hemodynamic Flow Alteration Devices), By End User (Hospitals, Clinics,
Ambulatory Surgical Centers), By Region and Competition, 2020-203F”, has
evaluated the future growth potential of global peripheral vascular devices
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Global Peripheral
Vascular Devices market.
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