Peripheral Vascular Device Market Size Worth $16.33 Billion By 2030 | CAGR: 5.41%

The global peripheral vascular device market size is expected to reach USD 16.33 billion by 2030, according to a new study by Polaris market research. The report “Peripheral Vascular Device Market Share, Size, Trends, Industry Analysis Report, By Product (Peripheral Vascular Stents, Atherectomy Devices, Other Device Types); By End-Use; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising incidence of venous diseases, often referred to as Chronic Venous Insufficiency, is expected to fuel the growth of the peripheral vascular devices market globally. Increasing demand for minimally invasive endovascular procedures because of their shorter recovery times, less obvious scarring, and lower risk of post-surgery infections are some of the key factors propelling this market.

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The development of atherosclerotic plaques in the arteries that supply the body's organs, limbs, and head with blood results in peripheral vascular disorders. Peripheral artery occlusive disease, peripheral artery disease, and peripheral obliterative arteriopathy.

It is projected that the demand for emergency and critical care admissions, which has increased due to the rising requirement for arterial blockage therapy, will drive the growth of the peripheral vascular devices market under research during the study period.

For instance, according to a Praveen Indraratna et al. study published in April 2022, using statins at the beginning of treatment was associated with a decrease in major cardiovascular events in persons with nonconstructive coronary artery disease. Statins work by lowering levels of low-density lipoprotein cholesterol, which lowers the substrate for plaque development. Therefore, it is anticipated that the aforementioned advantages of statin therapy for CAD will raise demand for statins and accelerate segment growth.

The COVID-19 outbreak has had an effect on the market for peripheral vascular devices as well as other aspects of the medical device business globally. Despite the availability of emergency and outpatient department services in hospitals, the number of patient visits to hospitals has decreased dramatically in recent months.

Peripheral Vascular Device Market Report Highlights

• In 2021, the market for peripheral vascular stents accounted for the highest proportion. More people are using peripheral vascular stents during open surgery and angioplasty treatments, causing the global market for these devices to grow.

• The largest market share was held in 2021 by hospitals and clinics. Peripheral vascular illnesses are on the rise globally, and throughout the forecast period, the category is expected to grow at the fastest CAGR.
• North America dominated the global market. Due to various factors, including the rising frequency of cardiovascular diseases and increased public knowledge of modern technology among healthcare stakeholders, North America is predicted to lead the market.
• Major players operating in the market include Abbott Laboratories, Angioscore, Edward Lifesciences Corporation, Medtronic, St. Jude Medical, Becton, Teleflex Medical, and Volcano Corporation.

Polaris Market Research has segmented the peripheral vascular device market report based on product, end-use, and region:

Peripheral Vascular Device, Product Outlook (Revenue - USD Billion, 2018 - 2030)

• Peripheral Vascular Stents
• Peripheral Transluminal Angioplasty Balloon Catheters
• Peripheral Transluminal Angioplasty (PTA) Guidewires
• Atherectomy Devices
• Embolic Protection Devices
• Inferior Vena Cava Filters
• Other Device Types

Peripheral Vascular Device, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)

• Hospitals and Clinics
• Ambulatory Surgical Centres

Peripheral Vascular Device, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa