Peripheral Vascular Devices Market Poised for Growth Thriving on Minimally Invasive Solutions

Peripheral Vascular Devices Market worth $ 15.86 Billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Peripheral Vascular Devices Market- by Product Type (Aortic Stent Grafts, Arteriotomy Closure Devices, Carotid and Renal Artery Stents, Inferior Vena Cava Filters (IVCF), Peripheral Embolic Protection Devices, Peripheral Guidewires, Peripheral Vascular Stents, PTA Balloons Catheters,

PTA Peripheral Drug Eluting, Balloons (DEB) Catheters, Renal Denervation Catheters, Tip Location Devices, Vascular Grafts), End-Users (Hospitals, Ambulatory Care Centers, Specialty Clinics and Others), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Peripheral Vascular Devices market is valued at US$ 9.77 billion in 2021, and it is expected to reach US$ 15.86 billion by 2030, with a CAGR of 5.84% during a forecast period of 2024-2031.

Peripheral Vascular Devices: A Growing Market Fueled by Minimally Invasive Techniques
Peripheral artery disease (PAD), caused by plaque buildup narrowing arteries in the limbs, can lead to serious health complications. Peripheral vascular devices offer a minimally invasive solution to treat PAD and improve blood flow.

Risk Factors and Treatment Options:
• Smoking, diabetes, obesity, and hypertension are major risk factors for PAD.
• Plaque buildup and clogged arteries are addressed using peripheral vascular devices like aortic stents, peripheral vascular stents, and balloon catheters.

Market Growth Drivers:
• Minimally Invasive Therapy: Endovascular procedures using these devices offer quicker recovery times and less patient discomfort compared to traditional surgery.

• Aging Population: As the population ages, the prevalence of PAD is expected to rise, driving demand for these devices.

• Increased Chronic Disease: Growing incidences of diabetes and obesity contribute to the need for PAD treatment.

Future Outlook:
• Research and development in peripheral catheters is expected to present significant growth opportunities.

• Rising cases of hypertension and type 2 diabetes will likely further increase demand for these devices.

• Key players are focusing on product innovation and regulatory approvals to expand their market reach.

Challenges and Considerations:
• The risk of infection from peripheral vascular implants requires ongoing efforts to improve device materials and coatings.

Conclusion:
The peripheral vascular devices market is poised for growth due to the increasing prevalence of PAD, minimally invasive treatment options, and a growing geriatric population. Continuous advancements in device technology and a focus on infection prevention will be crucial for sustained market success.

North America is anticipated to be the major contributor to the Peripheral Vascular Devices market over the forecast years. The market is expected to grow as more people become aware of the many treatment options available, as technological developments are embraced more widely, and as investments from the public and commercial sectors in the market for peripheral vascular devices rise.

The regulatory environment for the global market for peripheral vascular devices in North America has also improved as a result of advancements in minimally invasive surgery and increased awareness of peripheral vascular illnesses. In addition, the Asia Pacific Peripheral Vascular Devices market is expected to grow significantly during the forecast period because of shifting dietary trends, an ageing population,

and increased knowledge of customised and modified diets. Because of the enormous number of individuals with unmet medical needs Furthermore, rapid healthcare infrastructure development and rising patient disposable income levels in emerging economies such as India and China are likely to serve as future growth opportunities for the global industry.

Major market players operating in the Peripheral Vascular Devices market include
Abbott Laboratories, Biotronik, Bentley InnoMed GmbH, Boston Scientific Corp, Cardiva Medical Inc., Medtronic plc, W. L. Gore & Associates Inc, Avascular S.L.U, B. Braun Melsungen AG, Getinge AB, C. R. Bard Inc (BD), Cook Medical Inc, Terumo Corp, Cardinal Health Inc., Cordis Corp, Endologix Inc, and Terumo Medical Corporation among others.

Recent collaborations and agreements in the market:
In 2020, Medtronic's IN. PACT AV drug-coated balloon (DCB) was approved by the US Food and Drug Administration to treat arteriovenous fistula lesions.
In 2019, the FDA approved Boston Scientific Corporation's VICI VENOUS STENT System for treating patients with profound venous blockages.

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Market Segments
Global Peripheral Vascular Devices Market, by Product Type, 2022-2030 (Value US$ Mn)
• Aortic Stent Grafts
• o Arteriotomy Closure Devices
• o Carotid and Renal Artery Stents
• o Inferior Vena Cava Filters (IVCF)
• o Peripheral Embolic Protection Devices
• o Peripheral Guidewires, Peripheral Vascular Stents
• o PTA Balloons Catheters
• o PTA Peripheral Drug Eluting
• o Balloons (DEB) Catheters
• o Renal Denervation Catheters
• o Tip Location Devices
• o Vascular Grafts

Global Peripheral Vascular Devices Market, by End-Users, 2022-2030 (Value US$ Mn)
• o Hospitals
• o Ambulatory Care Centers
• o Specialty Clinics
• o Others

Global Peripheral Vascular Devices Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Peripheral Vascular Devices Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Peripheral Vascular Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Peripheral Vascular Devices Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Peripheral Vascular Devices Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Peripheral Vascular Devices Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Peripheral Vascular Devices market
 To receive an industry overview and future trends of the Peripheral Vascular Devices market
 To analyze the Peripheral Vascular Devices market drivers and challenges
 To get information on the Peripheral Vascular Devices market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Peripheral Vascular Devices market industry

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