Peripheral Vascular Devices Market Research, 2026
The global peripheral vascular devices market size is projected to reach USD 13.4 billion by 2026 from USD 10.3 billion in 2021, at a CAGR of 5.3% from 2021 to 2026. The growth of this market is driven by rapid growth in the geriatric population and the subsequent increase in the prevalence of peripheral vascular diseases, favorable reimbursement scenario for peripheral vascular procedures, Increased number of product approvals, increased prevalence of diabetes, and rising rate of tobacco consumption.
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Peripheral vascular diseases can encompass a range of conditions, such as peripheral artery disease (PAD), deep vein thrombosis (DVT), varicose veins, and aneurysms.
Key components of the peripheral vascular devices market include:
Peripheral Arterial Disease (PAD) Devices: These devices are used to diagnose and treat the narrowing or blockage of arteries in the extremities, typically the legs.
Venous Disease Devices: These devices are designed to address venous conditions, such as deep vein thrombosis (DVT) and varicose veins.
Aneurysm Repair Devices: These devices are used for the treatment of aneurysms, which are bulges or weak spots in blood vessel walls.
Thrombectomy Devices: These devices are utilized to remove blood clots from arteries and veins. They are crucial in the treatment of conditions like DVT and acute limb ischemia.
Diagnostic Devices: Various imaging and diagnostic tools, such as ultrasound machines, CT scans, and MRI, are used for the assessment and diagnosis of peripheral vascular diseases.
Support and Accessory Devices: These include products like catheters, guidewires, and sheaths, which are used in various vascular procedures.
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Key Market Players
The peripheral vascular devices market is highly consolidated and is dominated by various players. The major players operating in this market are Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Becton, Dickinson and Company (US), Terumo Corporation (Japan), Cardinal Health (US), B. Braun Melsungen AG (US), Merit Medical Systems (US), Penumbra, Inc.(US), Koninklijke Philips N.V.( Netherlands), iVascular S.L.U (Spain), Biosensors International Group Ltd. (Singapore), BIOTRONIK (Germany), AMG International GmbH (US), ENDOCOR GmbH (Germany).
Medtronic (Ireland) held the leading position in the peripheral vascular devices market. The company offers an exhaustive product portfolio consisting of various peripheral vascular devices.
Boston Scientific Corporation (US) Boston Scientific Corporation accounted for the second-largest share of the global peripheral vascular devices. The company provides its robust portfolio of peripheral vascular devices and efforts to develop innovative products by investing in R&D.
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North America dominates the global peripheral vascular devices market.
North America accounted for the largest share of the market. The large share of North America can be attributed to the growth in the geriatric population and the high prevalence of peripheral vascular diseases.
Reasons to Purchase this Report
· Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
· Provision of Peripheral Vascular Devices Market value (USD Billion) data for each segment and sub-segment
· Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
· Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
· Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
· Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
· The current as well as the future Peripheral Vascular Devices Market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
· Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis.
· Provides insight into the Peripheral Vascular Devices Market through Value Chain.
· Market dynamics scenario, along with growth opportunities of the market in the years to come.
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