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Peripheral Vascular Devices: The Role of Regulatory Approvals and Market Expansion on Projected CAGR by 2030

The global peripheral vascular devices market is set to witness a growth rate of 6% in the next 5 years. Rising prevalence of peripheral vascular diseases (PVDs); technological advancements in peripheral vascular devices; increasing geriatric population; rising preference for minimally invasive procedures and increasing prevalence of lifestyle-related diseases are some of the key factors driving the peripheral vascular devices market.

Peripheral vascular devices are medical tools and implants used to diagnose and treat conditions affecting the peripheral vascular system, which includes blood vessels outside the heart and brain. These devices address diseases such as peripheral artery disease (PAD), deep vein thrombosis (DVT), and chronic venous insufficiency. Common types include stents, angioplasty balloons, catheters, atherectomy devices, and vascular grafts. They are primarily utilized in minimally invasive procedures to restore blood flow, remove blockages, and manage vascular abnormalities. With advancements in technology, these devices enhance patient outcomes by reducing procedure-related risks and recovery times, making them essential in modern vascular care.

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Rising prevalence of peripheral vascular diseases (PVDs) to propel market demand

The rising prevalence of peripheral vascular diseases (PVDs), such as peripheral artery disease (PAD), deep vein thrombosis (DVT), and chronic venous insufficiency, is a significant driver for the peripheral vascular devices market. As of 2023, PAD was present in over 12 million people in the US and 200 million individuals worldwide (Source: American Heart Association).  Aging populations, increasing rates of diabetes, obesity, and smoking, and sedentary lifestyles are key factors contributing to the growing incidence of PVDs. These conditions often require interventional treatments to restore blood flow and prevent complications like amputations or life-threatening clots. As a result, the demand for advanced devices like stents, catheters, and angioplasty balloons has surged, fueling innovation and growth in the peripheral vascular devices market

Technological advancements in peripheral vascular devices are driving the market growth

Technological advancements in peripheral vascular devices are fueling market growth by enhancing treatment effectiveness and patient safety. Innovations such as drug-eluting stents, bioresorbable vascular scaffolds, and advanced balloon catheters offer improved outcomes by reducing restenosis and enhancing blood flow restoration. Devices incorporating imaging technologies like intravascular ultrasound (IVUS) and optical coherence tomography (OCT) enable precise diagnosis and intervention. Minimally invasive tools, such as hybrid stents and directional atherectomy devices, reduce procedure-related risks and recovery times. These advancements drive demand by improving procedural success rates and expanding the range of treatable peripheral vascular conditions.

Competitive Landscape Analysis

The global peripheral vascular devices market is marked by the presence of established and emerging market players such as Abbott, Koninklijke Philips N.V., Boston Scientific Corporation, Medtronic, Becton, Dickinson and Company, Terumo Corporation, B. Braun SE, Teleflex Incorporated, W. L. Gore & Associates, Inc., and Cordis; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

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Global Peripheral Vascular Devices Market Segmentation

This report by Medi-Tech Insights provides the size of the global peripheral vascular devices market at the regional- and country-level from 2023 to 2030. The report further segments the market based on product, application, and end user.

  • Market Size & Forecast (2023-2030), By Product, USD Million
    • Peripheral Stents
      • Iliac Artery Stents
      • Femoral Artery Stents
      • Carotid Artery Stents
      • Renal Artery Stents
      • Other Peripheral Stents
    • Angioplasty Balloons
      • Old/Normal Balloons
      • Drug-Eluting Balloons
      • Cutting & Scoring Balloons
    • Catheters
      • Angiography Catheters
      • Guiding Catheters
      • IVUS/OCT Catheters
    • Endovascular Aneurysm Repair Stent Grafts
      • Thoracic Endovascular Aneurysm Stent Grafts
      • Abdominal Endovascular Aneurysm Stent Grafts
      • Plaque Modification Devices
      • Atherectomy Devices
      • Thrombectomy Devices
    • Inferior Vena Cava Filters
      • Permanent Filters
      • Retrievable Filters
    • Hemodynamic Flow Alteration Devices
      • Chronic Total Occlusion Devices
      • Embolic Protection Devices
    • Peripheral Accessories
      • Guidewires
        • Workhorse Guidewires
        • Specialty Guidewires
        • Extra Support Guidewires
        • Frontline Finesse Guidewires
      • Peripheral Vascular Closure Devices
      • Balloon Inflation Devices
      • Introducer Sheaths
  • Market Size & Forecast (2023-2030), By Application, USD Million
    • Medical and Pharmaceutical Applications
    • Peripheral Artery Disease (PAD)
    • Deep Vein Thrombosis (DVT)
    • Aneurysms
    • Chronic Venous Insufficiency
    • Others
  • Market Size & Forecast (2023-2030), By End User, USD Million
    • Hospitals
    • Ambulatory Surgical Centers (ASCs)
    • Specialty Clinics
    • Others
  • Market Size & Forecast (2023-2030), By Region, USD Million
    • North America
      • US
      • Canada
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia Pacific
    • Latin America
    • Middle East & Africa

 

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde
 Associate, Medi-Tech Insights
 +32 498 86 80 79
 info@meditechinsights.com 

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