Peripheral Vascular Device Market Size Worth USD 18.51 Billion by 2034 | CAGR: 5.7%
The global peripheral vascular device market size is expected to reach USD 18.51 billion by 2034, according to a new study by Polaris Market Research. The report “Peripheral Vascular Device Market Size, Share, Trends, Industry Analysis Report: By Device, Material, Application, Modality (Minimally Invasive, Invasive, and Non-Invasive), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Peripheral vascular devices are used to treat damaged blood vessels outside the heart and brain. These devices take the form of peripheral vascular access devices (PVADs), stents, vascular grafts, atherectomy devices, and angioplasty balloons. They are commonly used for treating peripheral vascular diseases such as atherosclerosis, where there is a buildup of plaque and fat in the blood vessels. This buildup can lead to narrowed arteries and insufficient blood flow. These devices help by cleaning out the plaque and restoring blood flow to a normal state.
The peripheral vascular devices market is growing due to the increasing prevalence of peripheral artery disease (PAD) and other vascular conditions. This is driven by a number of factors, including obesity, the aging population, diabetes, and the demand for minimally invasive treatments. Increasing number of clinical trials and studies that emphasize vascular health are also helping in market expansion. The launch of innovative products that meet the changing demands of patients and healthcare professionals greatly enhances market expansion.
The trend towards minimally invasive endovascular procedures, like angioplasty and stent placement, is boosting peripheral vascular device market growth. Tailoring devices to individual patient needs based on anatomical variations and disease severity can create new opportunities. An aging population and lifestyle factors like smoking and diabetes are driving the need for PAD treatment, creating large market opportunities.
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Continuous technical breakthroughs and improvements are projected to provide lucrative peripheral vascular device market opportunities in the coming years. The market landscape is evolving with developments in materials science, imaging, and minimally invasive methods. Imaging technologies such as intravascular ultrasound (IVUS), computed tomography angiography (CTA), and magnetic resonance angiography (MRA) have made it possible for medical personnel to view vascular structures with unprecedented detail. Additionally, the development of healthcare infrastructure, particularly in emerging economies, is contributing to market expansion.
Key Highlights of Peripheral Vascular Device Market Report
- The peripheral market device market is segmented as atherectomy devices, stent-grafts, catheters, stents, and endografts based on device type. Because of its widespread use in the treatment of peripheral artery disease, the stent segment of the peripheral device market is anticipated to dominated the market in 2024.
- Based on application, the peripheral arterial disease segment dominated the market with a 47.6% revenue share in 2024, driven by the rising incidence of peripheral artery disease and the growing implementation of favorable government initiatives.
- North America dominated the global market with a 40.8% market share in 2024, driven by the region’s aging population, the rapid advancement of medical technology, and the rising incidence of peripheral artery disease (PAD).
- The Asia Pacific peripheral vascular device market is anticipated to register the fastest growth during the forecast period. The rising prevalence of diabetes, driven by demographic shifts and changing lifestyles, has led to an increase in peripheral vascular illnesses in the region.
- A few of the key market players are Abbott Laboratories, Medtronic, Angioscore, Edward Lifesciences Corporation, Becton, Volcano Corporation, Teleflex Medical, BD, Teleflex Medical, Cook Group, Cordis Corporation, and St. Jude Medical.
Polaris Market Research has segmented the global peripheral vascular device market report on the basis of device, material, application, modality, and region:
Peripheral Vascular Device Market Segmentation
By Device Outlook (Revenue – USD Billion, 2020–2034)
- Catheters
- Atherectomy Devices
- Stents
- Endograft
- Stent-Grafts
By Material Outlook (Revenue – USD Billion, 2020–2034)
- Biodegradable
- Nitinol-Based
- Metallic
- Polymer-Based
- Platinum-Based
By Application Outlook (Revenue – USD Billion, 2020–2034)
- Peripheral Arterial Disease
- Renal Artery Disease
- Coronary Artery Disease
- Venous Thromboembolism
- Carotid Artery Disease
By Modality Outlook (Revenue – USD Billion, 2020–2034)
- Minimally Invasive
- Invasive
- Non-Invasive
By Regional Outlook (Revenue – USD Billion, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Peripheral Vascular Device Market Report Scope
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Report Attributes |
Details |
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Market Size Value in 2024 |
USD 10.67 billion |
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Market Size Value in 2025 |
USD 11.27 billion |
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Revenue Forecast by 2034 |
USD 18.51 billion |
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CAGR |
5.7% from 2025 to 2034 |
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Base Year |
2024 |
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Historical Data |
2020–2023 |
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Forecast Period |
2025–2034 |
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Quantitative Units |
Revenue in USD billion and CAGR from 2025 to 2034 |
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Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
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Regional Scope |
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Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
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For Specific Research Requirements |
