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Peripheral Vascular Devices Market Worth $12.02 billion by 2028 - Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®

03-07-2024 02:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

In a recently released market analysis report titled "Peripheral Vascular Devices Market by Type [Angioplasty Balloon, Stents, Catheters (Guiding, IVUS), IVC Filter, Atherectomy, Thrombectomy, Hemodynamic Flow Alteration (Embolic Protection, Occlusion)] and Geography - Global Forecast to 2028," by Meticulous Research®, projections indicate a substantial growth trajectory for the peripheral vascular devices market. It anticipates a Compound Annual Growth Rate (CAGR) of 6.9% from 2021, aiming to reach a valuation of $12.02 billion by 2028. Key drivers behind this growth include the increasing prevalence of vascular diseases, a rise in secondary risk factors like diabetes and obesity, and a growing demand for minimally invasive treatment options.

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Peripheral vascular diseases encompass disorders causing blockages in blood vessels outside the heart and brain, often due to plaque accumulation leading to narrowed blood vessels and reduced blood flow to various body parts. Major risk factors include smoking, aging, and diabetes. The global rise in the geriatric population, escalating rates of smoking, obesity, and diabetes, and the surging prevalence of vascular diseases collectively fuel the demand for peripheral vascular devices. These devices play a crucial role in treating vascular conditions through minimally invasive procedures, offering patients advantages such as reduced risks and faster recovery times.

However, the COVID-19 pandemic and subsequent lockdowns posed significant challenges for the peripheral vascular devices industry, leading to delays or cancellations of elective surgeries, disruptions in supply chains, and reduced patient outcomes. Nevertheless, as restrictions are gradually lifted, the market is expected to rebound.

The peripheral vascular devices market is segmented based on product type and geography.

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In terms of product type, the market encompasses angioplasty balloons, angioplasty stents, catheters, endovascular aneurysm repair (EVAR) stent grafts, inferior vena cava (IVC) filters, plaque modification devices, hemodynamic flow alteration devices, and other peripheral vascular devices. The angioplasty stents segment is projected to hold the largest share in 2021, primarily driven by the benefits associated with stent-based treatments, including smaller incisions, faster recovery times, and lower risks of complications. Within this segment, bare-metal angioplasty stents are estimated to dominate, showcasing superior performance in reducing vessel closure and restenosis compared to balloon angioplasty. These stents are further categorized into balloon-expandable and self-expandable variants, depending on deployment methods.

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Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is poised to lead the market in 2021, attributed to factors such as a robust healthcare sector, rising prevalence of vascular diseases and associated risk factors, and increasing demand for minimally invasive treatment options.

Key players operating in the global peripheral vascular devices market include Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, Biotronik SE & Co. KG, Blue Sail Medical Co., Ltd., Boston Scientific Corporation, Cardinal Health, Inc., Cook Group, Edwards Lifesciences Corporation, ivascular, Koninklijke Philips N.V., Medtronic Public Limited Company, Nipro Corporation, TE Connectivity LTD., and Terumo Corporation, among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/peripheral-vascular-devices-market-5180

Scope of the Report:

Peripheral Vascular Devices Market, by Type

Angioplasty Balloons
Old/Normal Balloons
Drug-eluting Balloons
Angioplasty Stents
Drug-eluting Stents
Bare Metal Stents
Balloon-expandable Stents
Self-expandable Stents
Catheters
Angiography Catheters
Guiding Catheters
IVUS/OCT Catheters
Endovascular Aneurysm Repair Stent Grafts
Abdominal Endovascular Aneurysm Stent Grafts
Thoracic Endovascular Aneurysm Stent Grafts
Inferior Vena Cava Filters
Retrievable Filters
Permanent Filters
Plaque Modification Devices
Atherectomy Devices
Thrombectomy Devices
Hemodynamic Flow Alteration Devices
Embolic Protection Devices
Chronic Total Occlusion Devices
Other Devices

Peripheral Vascular Devices Market, by Geography

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific
China
India
Japan
Rest of APAC (RoAPAC)
Latin America
Middle East & Africa

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/

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