Product Code: ETC13134165 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Peripheral Vascular Devices Market was valued at USD 12 Billion in 2024 and is expected to reach USD 18.2 Billion by 2031, growing at a compound annual growth rate of 6.10% during the forecast period (2025-2031).
The Global Peripheral Vascular Devices Market is a rapidly growing sector within the medical device industry, driven by the increasing prevalence of peripheral artery disease and the aging population worldwide. These devices are used in the diagnosis, treatment, and management of various vascular conditions such as atherosclerosis, aneurysms, and deep vein thrombosis. Key products in this market include stents, catheters, angioplasty balloons, atherectomy devices, and vascular closure devices. Technological advancements, such as the development of drug-eluting stents and minimally invasive procedures, are further propelling market growth. North America and Europe dominate the market due to well-established healthcare infrastructure and high adoption rates of advanced medical technologies. However, emerging economies in Asia-Pacific and Latin America are witnessing rapid market expansion due to improving healthcare facilities and growing awareness about vascular diseases.
The Global Peripheral Vascular Devices Market is experiencing significant growth due to the increasing prevalence of peripheral artery disease and the rising aging population worldwide. Key trends in the market include the growing adoption of minimally invasive procedures, advancements in technology leading to more efficient devices, and the development of drug-eluting stents for better patient outcomes. Opportunities in this market lie in emerging markets with large patient populations, such as China and India, as well as the potential for innovative product development to address unmet medical needs. Additionally, the shift towards value-based healthcare and the focus on improving patient outcomes are driving the demand for peripheral vascular devices that offer better efficacy and safety profiles. Overall, the market is poised for continued growth and innovation in the coming years.
The Global Peripheral Vascular Devices Market faces several challenges, including increasing competition among key players leading to pricing pressures, stringent regulatory requirements, and the high cost associated with the development and commercialization of innovative devices. Additionally, the market is constantly evolving with advancements in technology and the emergence of new entrants, which further intensifies competition. Another challenge is the limited reimbursement policies for peripheral vascular procedures in certain regions, hindering market growth. Furthermore, the complexity of peripheral vascular diseases and the varying healthcare infrastructure across different regions pose challenges in effectively addressing the diverse needs of patients. To overcome these challenges, market players need to focus on product innovation, strategic collaborations, and market expansion efforts to sustain growth in this dynamic market landscape.
The Global Peripheral Vascular Devices Market is 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 the rising demand for endovascular surgeries are also key drivers propelling market growth. Additionally, the increasing adoption of peripheral vascular devices for the treatment of conditions such as atherosclerosis, deep vein thrombosis, and varicose veins is contributing to market expansion. Moreover, the rising healthcare expenditure, improving healthcare infrastructure, and the availability of reimbursement policies for vascular procedures in developed countries are further fueling the demand for peripheral vascular devices globally.
Government policies related to the Global Peripheral Vascular Devices Market focus on ensuring safety, efficacy, and quality of devices through regulatory approval processes. Regulatory bodies such as the FDA in the United States and the CE Mark in Europe set standards for device manufacturing, labeling, and marketing to protect patient safety and promote innovation. These policies require manufacturers to meet specific criteria for product quality, clinical performance, and post-market surveillance, with the aim of reducing risks and improving patient outcomes. Additionally, reimbursement policies play a crucial role in market access, as government healthcare systems and private payers determine coverage and reimbursement levels for peripheral vascular devices based on clinical evidence and cost-effectiveness criteria, influencing market adoption and patient access to these technologies.
The Global Peripheral Vascular Devices Market is expected to witness steady growth in the coming years due to the rising prevalence of peripheral artery disease, an aging population, and increasing adoption of minimally invasive procedures. Technological advancements in peripheral vascular devices, such as drug-coated balloons and stents, are also driving market growth. Additionally, the growing awareness about the importance of early diagnosis and treatment of peripheral vascular diseases is likely to boost market demand. However, the market may face challenges such as stringent regulatory requirements and high costs associated with these devices. Overall, the market is projected to expand as healthcare systems worldwide focus on improving patient outcomes and reducing the burden of peripheral vascular diseases.
In the Global Peripheral Vascular Devices Market, Asia is experiencing rapid growth due to increasing healthcare expenditure and rising prevalence of cardiovascular diseases. North America holds a significant market share driven by advanced healthcare infrastructure and high adoption of innovative technologies. Europe is a mature market with a focus on research and development activities to introduce new and advanced peripheral vascular devices. The Middle East and Africa region is witnessing growth due to improving healthcare facilities and rising awareness about peripheral vascular diseases. Latin America is also showing promising growth prospects with increasing investment in healthcare infrastructure and a growing elderly population driving the demand for peripheral vascular devices. Overall, these regional insights reflect diverse market dynamics and opportunities for key players in the global peripheral vascular devices market.
Global Peripheral Vascular Devices 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 Devices Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Peripheral Vascular Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Global Peripheral Vascular Devices Market - Industry Life Cycle |
3.4 Global Peripheral Vascular Devices Market - Porter's Five Forces |
3.5 Global Peripheral Vascular Devices Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Peripheral Vascular Devices Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 Global Peripheral Vascular Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Peripheral Vascular Devices Market Trends |
6 Global Peripheral Vascular Devices Market, 2021 - 2031 |
6.1 Global Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Peripheral Vascular Devices Market, Revenues & Volume, By Angioplasty Balloons, 2021 - 2031 |
6.1.3 Global Peripheral Vascular Devices Market, Revenues & Volume, By Angioplasty Stents, 2021 - 2031 |
6.1.4 Global Peripheral Vascular Devices Market, Revenues & Volume, By Catheters, 2021 - 2031 |
6.1.5 Global Peripheral Vascular Devices Market, Revenues & Volume, By Endovascular Aneurysm Repair Stent Grafts, 2021 - 2031 |
6.1.6 Global Peripheral Vascular Devices Market, Revenues & Volume, By Inferior Vena Cava Filters, 2021 - 2031 |
6.1.7 Global Peripheral Vascular Devices Market, Revenues & Volume, By Plaque Modification Devices, 2021 - 2031 |
6.1.8 Global Peripheral Vascular Devices Market, Revenues & Volume, By Hemodynamic Flow Alteration Device Market, 2021 - 2031 |
6.1.9 Global Peripheral Vascular Devices Market, Revenues & Volume, By Other Peripheral Vascular Devices, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Peripheral Vascular Devices Market, Overview & Analysis |
7.1 North America Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
7.2 North America Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
8 Latin America (LATAM) Peripheral Vascular Devices Market, Overview & Analysis |
8.1 Latin America (LATAM) Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
9 Asia Peripheral Vascular Devices Market, Overview & Analysis |
9.1 Asia Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
10 Africa Peripheral Vascular Devices Market, Overview & Analysis |
10.1 Africa Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
11 Europe Peripheral Vascular Devices Market, Overview & Analysis |
11.1 Europe Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
12 Middle East Peripheral Vascular Devices Market, Overview & Analysis |
12.1 Middle East Peripheral Vascular Devices Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Peripheral Vascular Devices Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Peripheral Vascular Devices Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Peripheral Vascular Devices Market, Revenues & Volume, By Product, 2021 - 2031 |
13 Global Peripheral Vascular Devices Market Key Performance Indicators |
14 Global Peripheral Vascular Devices Market - Export/Import By Countries Assessment |
15 Global Peripheral Vascular Devices Market - Opportunity Assessment |
15.1 Global Peripheral Vascular Devices Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Peripheral Vascular Devices Market Opportunity Assessment, By Product, 2021 & 2031F |
16 Global Peripheral Vascular Devices Market - Competitive Landscape |
16.1 Global Peripheral Vascular Devices Market Revenue Share, By Companies, 2024 |
16.2 Global Peripheral Vascular Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |