Peripheral vascular devices Market Outlook
Peripheral vascular devices are gadgets used in the diagnosis and management of diseases of the blood vessels other than the heart and the brain. They assist doctors in treatment of vein and arterial problems of arms, legs and other extremities. Such devices are available in various forms, as distinct from each other as the problems which they solve concern the vascular system.Peripheral vascular devices are of significant importance in the management and treatment of vascular diseases affecting veins and arteries other than the brain ones. These include stents, catheters and angioplasty balloons; which are used to address concerns such as; narrowed or blocked arteries, varicose veins, or chronic venous insufficiency. Augmenting blood circulation and avoiding blockage of blood vessels can help to relieve, mitigate and avoid emergence of complications and benefit patients’ outcomes. For example, stents are used to maintain patency of vessels by physically holding open vessels when they would otherwise be narrowed whereas catheters may be used to infuse drugs or for catheterizations. Peripheral vascular devices are significant in today’s medical practice due to their precision in delivering gratifying treatments and mitigation of extreme vascular diseases.
Growth Drivers of the Peripheral Vascular Devices Market
Technological Advancements
The increasing demand for novel technologies in healthcare and the availability of innovative and improved products are key factors for growth in the peripheral vascular devices market. It has been made evident that bioresorbable stents, enhanced and advanced imaging, and less invasive methods have boosted the efficiency and safety of the devices. Advancements ushered by the technologies optimize the output of devices, shorten the periods that patients spend in the recovery room or at home waiting to be discharged, and enhance their comfort throughout the recovery process. Novel technologies such as smart vascular devices that include sensors and real-time monitoring solutions for patients also contribute to market expansion due to its versatility and better approaches to the targeted treatment.Increasing Prevalence of Vascular Diseases
The increase in number of cases of endovenous diseases such as peripheral artery disease or chronic venous insufficiency also fuels the demand for novel devices. Chronic diseases like DM, HTN, and Obesity on the rise due to factors such as the aging population, sedentary lifestyles and those with diabetes, hypertension. The rising need of the efficient treatment solutions and constantly developing range of the peripheral vascular diseases fuels the demand for the usage of the high-tech medical devices by the healthcare providers and will thus drive the enhancement of the concerned market.Growing Awareness and Diagnosis
Peripheral vascular devices market is expanding due to increasing prevalence and better diagnostic profiles. There is a higher degree of public awareness, thus patients are getting access to healthcare when their vascular diseases are in their early stages. Technological advancement in different diagnostic methods-Both imaging and screening- allows doctors to diagnose diseases accurately and create unique and more effective treatment regimens. While peripheral vascular devices are helping buoy market expansion, those patients suffering from vascular health problems are also benefiting from these specialised gadgets.North America Peripheral Vascular Devices Market
The North America peripheral vascular devices market has a significant share because of factors like developed health care sector, strong research and development portfolio, high health care spending, eminent companies in the market, and technological innovation. Moreover, government support and encouragement, growing vascular diseases awareness, and more implementation of the latest medical technologies are beneficial for the market’s growth. America is especially remarkable for increasing product revelations, cooperation, and acquisitions like Siemens Healthineers’ ACUSON AcuNav Volume 4D ICE Catheter in March 2022.Peripheral Vascular Devices Company Insights
The major global peripheral vascular devices industry players include Abbott Laboratories, Boston Scientific, Becton Dickinson and Company, Cook, Cordis Corporation, Edward Lifesciences, Medtronic and Volcano Corporation.Peripheral Vascular Devices Company Recent Developments
- In 2024, Cook Group launched its Slip-Cath Beacon Tip Hydrophilic Selective Catheter in the U.S. and Canada. This catheter is designed for vascular and nonvascular procedures, making it a versatile option for medical professionals.
- In 2023, Abbott acquired Cardiovascular Systems, Inc. (CSI), a medical device company specializing in treating peripheral and coronary artery disease using an innovative atherectomy system. The deal was worth approximately USD 890 million.
- In September 2022, Teleflex introduced a new Arrow Pressure Injectable Midline Catheters portfolio in the U.S. and Canada. These catheters are designed to address the line identification confusion that can arise while using the Arrowg+ard Blue Advance Midline and the traditional Arrow Midline, both of which come in single & double lumen options.
Device Type: Market is divided into 7 viewpoints
- Peripheral Vascular Stents
- Peripheral Transluminal Angioplasty (PTA) Balloon Catheters
- Peripheral Transluminal Angioplasty (PTA) Guidewires
- Atherectomy Devices
- Embolic Protection Devices
- Inferior Vena Cava Filters
- Other Device Types
Country: Market is divided into 23 Country
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Netherlands
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Malaysia
- Indonesia
- Israel
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
The key players have been covered from 4 viewpoints:
- Key Person
- Company overview
- Sales Analysis
- Product Portfolio
- Recent Development & Strategies
Company Analysis
- Abbott Laboratories
- Boston Scientific Corporation
- Becton, Dickinson and Company
- Cook
- Cordis Corporation
- Edward Lifesciences
- Medtronic
- Volcano Corporation
Table of Contents
Companies Mentioned
- Abbott Laboratories
- Boston Scientific Corporation
- Becton, Dickinson and Company
- Cook
- Cordis Corporation
- Edward Lifesciences
- Medtronic
- Volcano Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 12.1 Billion |
| Forecasted Market Value ( USD | $ 18.47 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
