Press release
Global Peripheral Artery Disease Market: Solid Growth, Key Drivers, and Projections for 2024-2029
Peripheral Artery Disease Market Share
What Is The Projected Market Size Of The Global Peripheral Artery Disease Market And Its Growth Rate?
•The peripheral artery disease market size was $4.31 billion in 2024 and is projected to grow to $4.63 billion in 2025, at a compound annual growth rate (CAGR) of 7.5%.
•This strong growth is attributed to increasing prevalence of risk factors, the growing aging population, clinical research and development, awareness and screening programs, as well as government healthcare initiatives.
•Looking ahead, the market size is expected to grow to $6.23 billion in 2029 at a CAGR of 7.7%.
•This forecasted growth can be attributed to a focus on patient-centric care, advancements in minimally invasive procedures, the rise of digital health and remote monitoring, regenerative medicine approaches, and targeted drug therapies.
What Is Driving The Growth In The Peripheral Artery Disease Market?
The growth of the peripheral artery disease market is being significantly propelled by the rise in prevalence of peripheral artery diseases. Peripheral artery disease refers to the narrowing or blockage of arteries outside the heart, usually in the legs, which can lead to reduced blood flow and potential complications. Treatments for peripheral artery disease can help reduce symptoms, increase mobility, and decrease the risk of severe complications, subsequently improving patients' well-being. According to the American Heart Association, it is estimated that 7 to 12 million individuals in the United States and 200 million people globally are affected by this condition. Therefore, the rise in prevalence of peripheral artery diseases is driving the growth of the peripheral artery disease market.
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Who Are the Key Players Driving Peripheral Artery Disease Market Growth?
•Cardinal Health Inc.
•Vascular Solutions Inc.
•Bayer AG
•Abbott Laboratories
•Medtronic plc.
•Koninklijke Philips N.V. (Royal Philips)
•B. Braun Melsungen AG.
•Terumo Corporation
•Edwards Lifesciences
•Becton Dickinson and Company (BD)
•Boston Scientific Corporation Incorporated
•Cook Group Incorporated
•Merit Medical Systems Inc.
•NuVasive Inc.
•Arjo AB
•Penumbra Inc.
•BIOTRONIK SE and Co. KG
•AngioDynamics Inc.
•Shockwave Medical Inc.
•Cardiovascular Systems Inc.
•Endologix LLC.
•LeMaitre Vascular Inc.
•Silk Road Medical Inc.
•WL Gore and Associates Inc.
•MicroPort Scientific Corporation
•Bard Peripheral Vascular Inc.
•Avinger Inc.
What Are The Key Trends In The Peripheral Artery Disease Market?
•A focus on patient-centric care
•Advancements in minimally invasive procedures
•The rise of digital health and remote monitoring
•A shift towards regenerative medicine approaches
•The development of targeted drug therapies
•Initiatives for health equity
•The integration of wearable devices
•The expansion of home-based rehabilitation
•The consideration of patient-reported outcomes (pros)
•A shift to outpatient settings
What Are The Segments Of The Global Peripheral Artery Disease Market?
•By Type: Peripheral Angioplasty Balloons, Peripheral Stents, Peripheral Catheters, Inferior Vena Cava (IVC) Filters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices, Peripheral Accessories
•By Drugs: Lipid-Lowering Drugs, Blood Pressure Lowering Drugs, Glucose Regulating Drugs, Blood Clot Preventing Drugs, Inotropes, Thrombolytics Agents, Anti-Inflammatory Agents
•By Route of Administration: Oral, Parenteral, Other Routes of Administration
•By End Users: Hospitals, Specialty Clinics, Other End Users
Which Region Leads The Peripheral Artery Disease Market?
North America was the largest region in the peripheral artery disease market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period, with its rapid growth potentially disrupting North America's market dominance. Other key regions covered in the peripheral artery disease market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Peripheral Artery Disease Market Global Market Report?
- Market Size Analysis: Analyze the Peripheral Artery Disease Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Peripheral Artery Disease Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Peripheral Artery Disease Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Peripheral Artery Disease Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Abbott Laboratories
Braun Melsungen AG
Boston Scientific Corporation
R. Brad, Inc.
Cardinal Health, Inc.
Medtronic plc.
Cook Medical, Inc.
Teruma Corporation
Jude Medical, Inc.
The Spectranetics Corporation
Volcano Corporation
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