Peripheral Vascular Devices Market Statistical Forecast, Trade Analysis 2024 -2031 - Medtronic, Allengers & Micromed Group.

The Global Peripheral Vascular Devices Market is projected to experience significant growth at a high CAGR during the forecast period (2024-2031).

Patients with peripheral arterial disease (PAD) experience reduced blood flow in the lower extremities, commonly known as "poor circulation." This condition is primarily caused by atherosclerotic plaques that narrow the arterial lumen, restricting blood flow to the legs. The decreased blood supply can result in thigh or calf pain during walking, known as claudication, due to temporary ischemia of the leg muscles during physical activity.

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Market Dynamics:

High Prevalence of Peripheral Artery Disease

The high prevalence of peripheral artery disease (PAD) is anticipated to drive global market growth during the forecast period. According to the NIH, PAD affects over 200 million adults worldwide, with incidence rates rising to 20% among individuals over 70 years old. Despite traditionally being seen as a male condition, PAD prevalence is similar among elderly males and females.

However, PAD is often underdiagnosed in primary care settings as many patients do not present typical claudication symptoms. According to the American Heart Association, PAD continues to grow in prevalence, affecting over 200 million people globally and posing a similar risk level to coronary artery disease. The CDC reports that approximately 6.5 million individuals aged 40 and older in the U.S. have PAD, affecting both genders, with African Americans at a higher risk. The growing aging population further contributes to the increased prevalence of PAD, as highlighted by the Society for Cardiovascular Angiography & Interventions, which estimates over 10 million Americans are affected by PAD.

Market Segmentation:

By Type: Functional Peripheral Artery Disease, Organic Peripheral Artery Disease.

By Device Type: Vascular Stents, Balloon Catheters, Guidewires, Atherectomy Devices, Inferior Vena Cava Filters, Embolic Protection Devices, Others.

By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Academic Research Centers, Others.

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Competitive Landscape:

• EMS Handels Gesellschaft m.b.H.
• BECTON, DICKINSON AND COMPANY
• Medtronic
• Allengers
• EB NEURO S.P.A.
• Shenzhen Delica Medical Equipment Co., Ltd.
• Micromed Group
• NIHON KOHDEN CORPORATION
• Cadwell
• Natus Medical Incorporated

Regional Analysis:

The global Peripheral Vascular Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Peripheral Vascular Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Key Developments:

• In June 2023, Surmodics, Inc., a leading provider of medical devices and in vitro diagnostic technologies, received U.S. FDA clearance for the SurVeil drug-coated balloon (DCB).

• In June 2023, Endologix received FDA authorization for its Detour system, designed to treat long, complex superficial femoropopliteal lesions. The company describes the Detour system as a breakthrough in the treatment of peripheral arterial disease (PAD).

Related Reports:

Central Vascular Access Devices Market: https://datamintelligence.com/research-report/central-vascular-access-devices-market

Hyperthermia Devices Market: https://datamintelligence.com/research-report/hyperthermia-devices-market

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