Product Code: ETC13364794 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Peripheral Vascular Device Market was valued at USD 11.4 Billion in 2024 and is expected to reach USD 16.9 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).
The Global Peripheral Vascular Device Market is witnessing steady growth due to the increasing prevalence of peripheral vascular diseases such as peripheral artery disease (PAD) and deep vein thrombosis (DVT). The market is driven by advancements in technology, rising geriatric population, and the growing adoption of minimally invasive procedures. Key product segments include stents, angioplasty balloons, atherectomy devices, catheters, and vascular closure devices. North America holds a significant market share, followed by Europe and Asia Pacific. The market is highly competitive, with key players focusing on product innovation, strategic collaborations, and geographic expansion. Factors such as the rising healthcare expenditure, improving healthcare infrastructure, and a growing emphasis on early diagnosis and treatment are expected to further propel market growth in the coming years.
The Global Peripheral Vascular Device Market is experiencing growth due to an increasing prevalence of peripheral artery disease, technological advancements in minimally invasive procedures, and a growing aging population. Key trends include the rising adoption of drug-coated balloons and stents for the treatment of peripheral vascular diseases, the development of advanced imaging techniques for accurate diagnosis, and the expanding application of peripheral vascular devices in emerging economies. Opportunities in the market lie in the development of innovative devices with improved efficacy and safety profiles, strategic collaborations between key players to enhance product offerings, and the focus on expanding product distribution networks to reach a wider customer base. Overall, the market is projected to continue its growth trajectory, driven by a combination of technological advancements and increasing demand for minimally invasive treatment options.
The Global Peripheral Vascular Device Market faces several challenges, including stringent regulatory requirements, limited reimbursement policies, and intense competition among key players. Regulatory hurdles can slow down the approval process for new devices, leading to delays in market entry. Additionally, reimbursement policies vary across different regions, impacting the adoption of peripheral vascular devices. The market is also highly competitive, with companies constantly innovating to gain a competitive edge. Moreover, the high cost of these devices can be a barrier for widespread adoption, especially in developing countries. Overall, navigating these challenges requires companies to invest in research and development, establish strong partnerships, and adapt to evolving market dynamics to maintain a competitive position in the Global Peripheral Vascular Device Market.
The Global Peripheral Vascular Device Market is being primarily driven by the increasing prevalence of peripheral artery disease (PAD) and other vascular disorders, coupled with the growing aging population worldwide. Technological advancements in minimally invasive procedures and devices for the treatment of vascular diseases are also fueling market growth. Additionally, rising awareness about the benefits of early diagnosis and treatment of vascular conditions, along with improving healthcare infrastructure in emerging economies, are contributing to the expansion of the market. Moreover, the high prevalence of risk factors such as obesity, diabetes, and hypertension further boosts the demand for peripheral vascular devices. Overall, the market is expected to continue growing as the need for effective and innovative vascular treatments rises globally.
Government policies related to the Global Peripheral Vascular Device Market vary by country but generally focus on regulating the safety, efficacy, and quality of these medical devices. Regulatory bodies such as the FDA in the United States, the European Medicines Agency in the EU, and the National Medical Products Administration in China play a crucial role in overseeing the approval, marketing, and post-market surveillance of peripheral vascular devices. These agencies set standards for clinical trials, labeling requirements, and manufacturing practices to ensure patient safety and product effectiveness. Additionally, reimbursement policies and healthcare funding mechanisms impact market access and adoption of peripheral vascular devices, influencing market dynamics and growth opportunities for manufacturers in this sector.
The Global Peripheral Vascular Device Market is expected to witness steady growth in the coming years, driven by factors such as the increasing prevalence of peripheral vascular diseases, technological advancements in minimally invasive procedures, and a growing aging population. The market is likely to expand further due to rising awareness about the importance of early diagnosis and treatment of vascular conditions. Additionally, the demand for innovative peripheral vascular devices such as stents, catheters, and angioplasty balloons is projected to surge as healthcare providers strive to enhance patient outcomes and reduce healthcare costs. Emerging markets in Asia-Pacific and Latin America are anticipated to offer lucrative opportunities for market players, leading to a promising future outlook for the global peripheral vascular device market.
In the Global Peripheral Vascular Device Market, different regions exhibit varying trends. In Asia, the market is experiencing rapid growth due to increasing healthcare infrastructure and rising prevalence of peripheral vascular diseases. North America dominates the market with a high adoption rate of advanced technologies and a large patient pool. Europe follows closely, driven by the presence of key market players and favorable reimbursement policies. The Middle East and Africa region is witnessing steady growth, propelled by improving healthcare facilities and rising awareness about peripheral vascular diseases. Latin America shows promising growth potential due to expanding healthcare access and increasing investments in healthcare infrastructure. Overall, the global peripheral vascular device market is dynamic and evolving, with each region contributing to its growth in unique ways.
Global Peripheral Vascular Device Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Peripheral Vascular Device Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Peripheral Vascular Device Market Revenues & Volume, 2021 & 2031F |
3.3 Global Peripheral Vascular Device Market - Industry Life Cycle |
3.4 Global Peripheral Vascular Device Market - Porter's Five Forces |
3.5 Global Peripheral Vascular Device Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Peripheral Vascular Device Market Revenues & Volume Share, By Device Type, 2021 & 2031F |
3.7 Global Peripheral Vascular Device Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Peripheral Vascular Device Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Peripheral Vascular Device Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.10 Global Peripheral Vascular Device Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Global Peripheral Vascular Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Peripheral Vascular Device Market Trends |
6 Global Peripheral Vascular Device Market, 2021 - 2031 |
6.1 Global Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Catheters, 2021 - 2031 |
6.1.3 Global Peripheral Vascular Device Market, Revenues & Volume, By Stents, 2021 - 2031 |
6.1.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Guidewires, 2021 - 2031 |
6.1.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Vascular Closure Devices, 2021 - 2031 |
6.1.6 Global Peripheral Vascular Device Market, Revenues & Volume, By Atherectomy Devices, 2021 - 2031 |
6.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Arterial Thrombosis, 2021 - 2031 |
6.2.3 Global Peripheral Vascular Device Market, Revenues & Volume, By Chronic Venous Disease, 2021 - 2031 |
6.2.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Peripheral Artery Disease, 2021 - 2031 |
6.2.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Hemorrhage Control, 2021 - 2031 |
6.2.6 Global Peripheral Vascular Device Market, Revenues & Volume, By Plaque Removal, 2021 - 2031 |
6.3 Global Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.3.3 Global Peripheral Vascular Device Market, Revenues & Volume, By Specialty Clinics, 2021 - 2031 |
6.3.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Ambulatory Centers, 2021 - 2031 |
6.3.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Research Institutes, 2021 - 2031 |
6.3.6 Global Peripheral Vascular Device Market, Revenues & Volume, By Cardiac Care Units, 2021 - 2031 |
6.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Polymer-Based, 2021 - 2031 |
6.4.3 Global Peripheral Vascular Device Market, Revenues & Volume, By Stainless Steel, 2021 - 2031 |
6.4.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Nitinol, 2021 - 2031 |
6.4.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Titanium Alloy, 2021 - 2031 |
6.4.6 Global Peripheral Vascular Device Market, Revenues & Volume, By Biodegradable Polymer, 2021 - 2031 |
6.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Peripheral Vascular Device Market, Revenues & Volume, By Drug-Coated, 2021 - 2031 |
6.5.3 Global Peripheral Vascular Device Market, Revenues & Volume, By Bare Metal, 2021 - 2031 |
6.5.4 Global Peripheral Vascular Device Market, Revenues & Volume, By Hybrid Coated, 2021 - 2031 |
6.5.5 Global Peripheral Vascular Device Market, Revenues & Volume, By Bioabsorbable, 2021 - 2031 |
6.5.6 Global Peripheral Vascular Device Market, Revenues & Volume, By Laser-Assisted, 2021 - 2031 |
7 North America Peripheral Vascular Device Market, Overview & Analysis |
7.1 North America Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
7.2 North America Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
7.4 North America Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
7.7 North America Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
8 Latin America (LATAM) Peripheral Vascular Device Market, Overview & Analysis |
8.1 Latin America (LATAM) Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
8.4 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
8.7 Latin America (LATAM) Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
9 Asia Peripheral Vascular Device Market, Overview & Analysis |
9.1 Asia Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
9.4 Asia Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
9.7 Asia Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
10 Africa Peripheral Vascular Device Market, Overview & Analysis |
10.1 Africa Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
10.4 Africa Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
10.7 Africa Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
11 Europe Peripheral Vascular Device Market, Overview & Analysis |
11.1 Europe Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
11.4 Europe Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
11.7 Europe Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
12 Middle East Peripheral Vascular Device Market, Overview & Analysis |
12.1 Middle East Peripheral Vascular Device Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Peripheral Vascular Device Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Peripheral Vascular Device Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Peripheral Vascular Device Market, Revenues & Volume, By Device Type, 2021 - 2031 |
12.4 Middle East Peripheral Vascular Device Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Peripheral Vascular Device Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Peripheral Vascular Device Market, Revenues & Volume, By Material, 2021 - 2031 |
12.7 Middle East Peripheral Vascular Device Market, Revenues & Volume, By Technology, 2021 - 2031 |
13 Global Peripheral Vascular Device Market Key Performance Indicators |
14 Global Peripheral Vascular Device Market - Export/Import By Countries Assessment |
15 Global Peripheral Vascular Device Market - Opportunity Assessment |
15.1 Global Peripheral Vascular Device Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Peripheral Vascular Device Market Opportunity Assessment, By Device Type, 2021 & 2031F |
15.3 Global Peripheral Vascular Device Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Peripheral Vascular Device Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Peripheral Vascular Device Market Opportunity Assessment, By Material, 2021 & 2031F |
15.6 Global Peripheral Vascular Device Market Opportunity Assessment, By Technology, 2021 & 2031F |
16 Global Peripheral Vascular Device Market - Competitive Landscape |
16.1 Global Peripheral Vascular Device Market Revenue Share, By Companies, 2024 |
16.2 Global Peripheral Vascular Device Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |