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Peripheral Vascular Devices Market
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Peripheral Vascular Devices Market

Author: Debadatta Patel - Senior Consultant, Report ID - DS1801107, Published - January 2025

Segmented in Product Type (Atherectomy, Angioplasty Balloons, Peripheral Stents, Vascular Grafts, Embolic Protection), End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Settings), Application, Raw Material and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Peripheral Vascular Devices
Market Outlook

The Peripheral Vascular Devices market symbolizes a shift in the healthcare sector with the potential to enhance patient outcomes in vascular conditions significantly. The market, for Peripheral vascular devices was estimated at $12.6 billion in 2024. It is anticipated to increase to $47.5 billion by 2030 with projections indicating a growth to around $143.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 24.7% over the forecast period. 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.


Market Size Forecast & Key Insights

2019
$12.6B2024
2029
$114B2034

Absolute Growth Opportunity = $102B

The Peripheral Vascular Devices market is projected to grow from $12.6 billion in 2024 to $114 billion in 2034. This represents a CAGR of 24.7%, reflecting rising demand across Vascular Angioplasty, Chronic Total Occlusion (CTO) Procedures and Aortic Aneurysm Repair.

The Peripheral Vascular Devices market is set to add $102 billion between 2024 and 2034, with manufacturer targeting Clinics & Ambulatory Surgical Centers End-User 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 809% between 2024 and 2034.

Opportunities in the Peripheral Vascular Devices Market

Proliferation of Minimally Invasive Procedures

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.

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

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.

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.

Growth Opportunities in North America and Europe

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.

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.

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.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, Germany, Japan, China, France are expected to grow at 23.7% to 34.6% CAGR

2

Emerging Markets : India, Brazil, and South Africa are expected to grow at 18.5% to 25.7% CAGR

Market Analysis Chart

Peripheral Vascular Devices play a vital role in addressing diverse vascular conditions outside of the heart and brain regions of the body. They are tools that contribute to managing a variety of disorders related to blood vessels beyond the heart and brain. The market, for these devices is influenced by a combination of factors that impact its current status and future development.

Recent Developments and Technological Advancement

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.

1

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.

2

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.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Medical Device industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Medical Device industry cascade into the Peripheral Vascular Devices market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

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.

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.

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

Raw Material Acquisition

BASF AG

DowDuPont

Component Fabrication

Medtronic

Philips

Device Assembly
Boston Scientific / Abbott Vascular
Distribution & End Use
Johnson & Johnson / Cook Medical
Raw Material Acquisition

BASF AG

DowDuPont

Component Fabrication

Medtronic

Philips

Device Assembly

Boston Scientific

Abbott Vascular

Distribution & End Use

Johnson & Johnson

Cook Medical

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Angioplasty
Healthcare and Biomedical Research
Medtronic, Boston Scientific, Abbott
These providers regularly invest in research and development to introduce innovative solutions and maintain a competitive edge. They also focus on strategic mergers and acquisitions to enhance their product portfolio and extend their market reach.
Atherectomy
Healthcare and Biomedical Research
Philips, Medtronic, Boston Scientific
Key strategies include intensive research and development, collaborations, and acquisitions to bolster their offerings. Additionally, they focus on developing a patient-centric approach and delivering personalized solutions to improve disease outcomes.
Embolization
Healthcare and Biomedical Research
Johnson & Johnson, Terumo, Penumbra
These providers emphasize incessant research and technology adoption to continuously develop advanced products. They also form strategic partnerships and acquisitions to ensure rapid product distribution and to penetrate new markets.
Occlusion Removal
Healthcare and Biomedical Research
Medtronic, Boston Scientific, Abbott
These companies focus on research and development initiatives and collaborations. They invest in improving existing products and introducing novel medical devices to expand their product portfolio and attract more clients.

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Peripheral Vascular Devices market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

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

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.

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.

Peripheral Vascular Devices vs. Substitutes:
Performance and Positioning Analysis

Peripheral vascular devices provide a invasive and efficient approach to treating vascular diseases without the need for invasive surgeries or aggressive medications. Given the growing preference among patients, for invasive treatment options. Peripheral vascular devices are expected to experience market expansion in the near future.

Peripheral Vascular Devices
  • Drug Therapies for Blood Clot Prevention /
  • Physical Exercise and Lifestyle Changes
    Effective in diagnosing and treating peripheral vascular diseases, Advanced technology promotes minimally invasive procedures
    High cost of devices and procedures,
    Lower cost, less invasive procedures
    Higher risk of complications, limited effectiveness in severe cases

Peripheral Vascular Devices vs. Substitutes:
Performance and Positioning Analysis

Peripheral Vascular Devices

  • Effective in diagnosing and treating peripheral vascular diseases, Advanced technology promotes minimally invasive procedures
  • High cost of devices and procedures,

Drug Therapies for Blood Clot Prevention / Physical Exercise and Lifestyle Changes / Anticoagulation Therapy

  • Lower cost, less invasive procedures
  • Higher risk of complications, limited effectiveness in severe cases

Peripheral vascular devices provide a invasive and efficient approach to treating vascular diseases without the need for invasive surgeries or aggressive medications. Given the growing preference among patients, for invasive treatment options. Peripheral vascular devices are expected to experience market expansion in the near future.

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Research Methodology

This market research methodology defines the Peripheral Vascular Devices market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at Country and Regional levels. As part of the Medical Device ecosystem, we analyze Peripheral Vascular Devices across Hospitals, Clinics, and Ambulatory Surgical Centers Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.


Key Sources Referenced:


We benchmark competitors such as Medtronic plc, Boston Scientific Corporation, and Abbott Laboratories by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Component Fabrication, and Device Assembly. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Medical Device revenues to estimate the Peripheral Vascular Devices segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (BASF AG, DowDuPont), Component Fabrication (Medtronic, Philips), and Device Assembly. Our parallel substitute analysis examines Drug Therapies for Blood Clot Prevention, Physical Exercise and Lifestyle Changes, and Anticoagulation Therapy, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Medtronic plc, Boston Scientific Corporation, and Abbott Laboratories, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Peripheral Vascular Devices market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Peripheral Vascular Devices Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 15.8 billion
Revenue Forecast in 2034USD 114 billion
Growth RateCAGR of 24.7% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202412.6 billion
Growth OpportunityUSD 102 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202412.6 billion USD
Market Size 202724.5 billion USD
Market Size 202938.1 billion USD
Market Size 203047.5 billion USD
Market Size 2034114 billion USD
Market Size 2035143 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, End-User, Application, Raw Material
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledMedtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cordis Corporation, Philips NV, Terumo Corporation, Cardinal Health, BD (Becton Dickinson), Cook Medical, Angiodynamics Inc., B Braun Melsungen AG and Integra Lifesciences Holdings Corporation
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Peripheral Vascular Devices Market Size, Opportunities & Strategic Insights, by Product Type

4.1Atherectomy
4.2Angioplasty Balloons
4.3Peripheral Stents
4.4Vascular Grafts
4.5Embolic Protection
Chapter 5

Peripheral Vascular Devices Market Size, Opportunities & Strategic Insights, by End-User

5.1Hospitals
5.2Clinics
5.3Ambulatory Surgical Centers
5.4Homecare Settings
Chapter 6

Peripheral Vascular Devices Market Size, Opportunities & Strategic Insights, by Application

6.1Peripheral Artery Disease
6.2Venous Thromboembolism
6.3Aneurysms
Chapter 7

Peripheral Vascular Devices Market Size, Opportunities & Strategic Insights, by Raw Material

7.1Metallic
7.2Polymeric
Chapter 8

Peripheral Vascular Devices Market, by Region

8.1North America Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Peripheral Vascular Devices Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Medtronic plc
9.2.2Boston Scientific Corporation
9.2.3Abbott Laboratories
9.2.4Cordis Corporation
9.2.5Philips NV
9.2.6Terumo Corporation
9.2.7Cardinal Health
9.2.8BD (Becton Dickinson)
9.2.9Cook Medical
9.2.10Angiodynamics Inc.
9.2.11B Braun Melsungen AG
9.2.12Integra Lifesciences Holdings Corporation