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Peripheral Vascular Devices Market

Peripheral Vascular Devices Market

The market for Peripheral Vascular Devices was estimated at $11.7 billion in 2024; it is anticipated to increase to $29.6 billion by 2030, with projections indicating growth to around $64.1 billion by 2035.

Report ID:DS1801107
Author:Debadatta Patel - Senior Consultant
Published Date:October 2025
Datatree
Life Science
Medical Device
Peripheral Vascular Devices
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Report Summary
Table of Contents
Methodology
Market Data

Global Peripheral Vascular Devices Market Outlook

Revenue, 2024

$11.7B

Forecast, 2034

$55.0B

CAGR, 2024 - 2034

16.7%
The Peripheral Vascular Devices industry revenue is expected to be around $13.7 billion in 2025 and expected to showcase growth with 16.7% CAGR between 2025 and 2034. They pave the way, for a future where vascular proceduresre simpler and could save lives and enhance the quality of life for many people worldwide.

In the realm of treatments that bring about significant changes, in the medical field Peripheral Vascular Devices offer a wide array of instruments. Spanning from stents and balloon angioplasty tools to atherectomy and chronic total occlusion devices. Each of these tools is crafted to address artery and vein conditions in a manner that is efficient and minimally invasive.

Peripheral Vascular Devices market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034

Market Key Insights

  • The Peripheral Vascular Devices market is projected to grow from $11.7 billion in 2024 to $55.0 billion in 2034. This represents a CAGR of 16.7%, reflecting rising demand across Vascular Angioplasty, Chronic Total Occlusion (CTO) Procedures and Aortic Aneurysm Repair.

  • Boston Scientific, Medtronic, and Abbott are among the leading players in this market, shaping its competitive landscape.

  • U.S. and Germany are the top markets within the Peripheral Vascular Devices market and are expected to observe the growth CAGR of 16.0% to 23.4% between 2024 and 2030.
  • Emerging markets including India, Brazil and and South Africa are expected to observe highest growth with CAGR ranging between 12.5% to 17.4%.

  • Transition like Shift towards Minimally Invasive Surgeries is expected to add $6.2 billion to the Peripheral Vascular Devices market growth by 2030

  • The Peripheral Vascular Devices market is set to add $43.2 billion between 2024 and 2034, with manufacturer targeting Aneurysms & Venous Diseases Application projected to gain a larger market share.
  • With

    rising incidence of peripheral vascular diseases, and

    tech-driven innovations in device design, Peripheral Vascular Devices market to expand 368% between 2024 and 2034.

peripheral vascular devices market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Peripheral Vascular Devices

Performing invasive treatments with devices for peripheral vascular conditions like angioplasty and stenting may be an overlooked segment in the market that shows promise, for growth as healthcare systems globally move towards minimally invasive treatment options.

Growth Opportunities in North America and Europe

North America Outlook

In the market scenario of peripheral vascular devices dominated by North America is driven by the high demand for solutions to address the widespread peripheral artery diseases in this region The strong market growth can be attributed to the advanced infrastructure and the significant presence of key industry players Competition is fierce in this market, with a handful of established companies holding sway providing openings for specialized markets and cutting edge technologies.

Europe Outlook

Additionally the peripheral vascular equipment market in Europe is showing results due to an aging population and a rise in health issues linked to smoking. Europe has a marketthat'squite divided with local and regional competitors, which leads to a competitive atmosphere. In this region there are prospects for expansion in markets that have not only yet been fully explored thanks to improvements, in healthcare facilities.

Market Dynamics and Supply Chain

01

Driver: Rising Incidence of Peripheral Vascular Diseases, and Greater Awareness and Accessibility to Treatment

The growing number of individuals along with the rising prevalence of obesity and lifestyle related diseases like diabetes is also contributing to a surge in Peripheral Vascular Diseases . As a result of this trend in health issues among the population segment mentioned earlier there is also an increasing need for Peripheral Vascular Devices used to diagnose and manage conditions effectively consequently fuel ing the expansion of the market, for these medical devices.

The rising initiatives to raise awareness about Peripheral Vascular Diseases and their related risk factors and the improved availability of care globally are also fuelin the need for Peripheral Vascular Devices and contributing to steady market growth, in this sector.


Technological progress is also driving innovations in the field of healthcare equipment like drug eluting and bio absorbable implements and drug coated balloons . These advancements are also improving the performance and utility of Peripheral Vascular Devices. Gaining recognition, from healthcare experts.

02

Restraint: High Cost and Limited Reimbursement Policies

Medical tools for blood vessels can be quite costly and may discourage hospitals and patients due to the financial burden they impose not only just in terms of initial purchase but also for maintenance and training expenses associated with them; adding to the difficulty is that some insurance plans may restrict or exclude coverage, for sophisticated peripheral vascular devices.

03

Opportunity: Advancements in Smart and Connected Devices and Expanding Applications in Geriatric Care

The growing prevalence of the Internet of Medical Things coupled with the growing emphasis on customized healthcare services could have an impact, on the industry through advanced and interconnected peripheral vascular gadgets that provide live health monitoring capabilities while also aiding in early detection and enhancing treatment results.


The elderly population facing long term health conditions and heart related issues represents a key area of expansion for the Peripheral Vascular Devices market. These tools offer treatment options that prioritize patient comfort and aim to shorten hospital stays, for older individuals.

04

Challenge: Lack of Awareness and Technical Know-How

In developing regions and even in developed economies one significant challenge for the peripheral vascular devices market is the insufficient knowledge, about these advanced tools. Healthcare professionals often lack an understanding of the advantages and applications of such devices.

Supply Chain Landscape

1
Raw Material Acquisition

BASF AG

DowDuPont

2
Component Fabrication

Medtronic

Philips

3
Device Assembly

Boston Scientific

Abbott Vascular

4
Distribution & End Use

Johnson & Johnson

Cook Medical

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Peripheral Vascular Devices in Angioplasty, Chronic Total Occlusion (CTO) Procedures & Aortic Aneurysm Repair

Vascular Angioplasty

Peripheral vascular devices are commonly used during angioplasty procedures to help widen narrowed or blocked blood vessels and restore normal blood flow to prevent potential health issues. Using PVDs offers an invasive approach to treatment reducing the risks linked with traditional surgical methods. Known companies, like Medtronic and Boston Scientific excel in developing these devices.

Aortic Aneurysm Repair

Peripheral vascular devices crucial in Endovascular Aneurysm Repair are utilized to insert stent grafts into the aorta for reinforcing the weakened vessel and averting ruptures effectively with their invasive approach and enhanced accuracy This leads to shortened recovery periods and better results for patients. The key contenders, in this field consist of Abbott Laboratories and Cook Medical.

Chronic Total Occlusion (CTO) Procedures

Using PVD devices for performing CTO procedures aids in the removal of blockages in arteries, in both the heart and other parts of the body.

Recent Developments

December 2024

Medtronic unveiled the Bio­­­Misics3D Stent System as part of its growing line of vascular products. This innovative system offers hope, for individuals suffering from artery disease.

November 2024

Boston Scientific purchased VENIT Inc., a company known for its expertise, in stent technology. This acquisition aims to strengthen their presence in the vascular devices market.

August 2024

Abbott Laboratories introduced the FlexNav Delivery System, a cutting edge technology designed to help doctors precisely place their vascular tools.

In the changing world of Peripheral Vascular Devices market trends are shifting due to technological breakthroughs and advancements in the field driven by the increasing occurrence of peripheral arterial disease . The rising demand, for improved devices is reshaping theindustry'strajectory towards an era.

Impact of Industry Transitions on the Peripheral Vascular Devices Market

As a core segment of the Medical Device industry, the Peripheral Vascular Devices market develops in line with broader industry shifts. Over recent years, transitions such as Shift towards Minimally Invasive Surgeries and Embracing Digital and AI Technologies have redefined priorities across the Medical Device sector, influencing how the Peripheral Vascular Devices market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Shift towards Minimally Invasive Surgeries

The market for vascular devices is experiencing a notable shift towards minimally invasive technologies which are seen as safer and more efficient than traditional open surgeries due to quicker recovery times and reduced hospital stays with fewer post operative issues arising. The introduction of devices such as drug eluting balloons and stents, stent grafts and plaque modification tools is driving this transformation with a commitment to providing improved care, for peripheral vascular conditions.

This industry transition is expected to add $6.2 billion in the industry revenue between 2024 and 2030.
02

Embracing Digital and AI Technologies

The market is going through a shift due, to the increased use of digital solutions and AI . Companies are integrating AI into the development and manufacturing of vascular devices to enhance their accuracy, forecast capabilities and overall effectiveness.

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