North America Peripheral Vascular Devices Market Trends, Size, Segment and Growth by Forecast to 2030

The North America peripheral vascular devices market is projected to grow from US$ 4,116.66 million in 2021 to US$ 6,522.05 million by 2028, registering a CAGR of 6.8% during the forecast period.

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The three most prevalent cardiovascular diseases (CVDs) in North America are coronary heart disease, cerebrovascular disease, and peripheral artery disease (PAD). While efforts to prevent and manage CVDs have primarily focused on coronary heart disease and cerebrovascular disease, PAD has gained attention due to its increasing burden, particularly in low- and middle-income countries (LMICs).

Peripheral artery disease (PAD), also referred to as peripheral vascular disease (PVD), occurs due to blockages in blood vessels, leading to reduced blood flow-most commonly to the legs. Additionally, arterial embolism occurs when a mass of tissue or a foreign substance travel through the vascular system and obstructs a distant artery, potentially causing ischemia, organ failure, or infarction. This condition can lead to severe medical and surgical emergencies, including stroke, acute limb ischemia, mesenteric ischemia, and renal failure.

Patients with pre-existing conditions-such as advanced age, hypercoagulability, cardiac abnormalities, and atherosclerotic disease-are at higher risk for arterial embolization. As a result, the demand for peripheral vascular devices continues to grow, driven by advancements in treatment options and increasing awareness of PAD's impact on public health.

On the contrary, high costs and complications associated with embolization procedures hurdles the growth of North America peripheral vascular devices market.

Based on product, the North America peripheral vascular devices market is segmented into peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, and embolization guidewires. The peripheral vascular stents segment held 33.2% market share in 2021, amassing US$ 1,367.01 million. It is projected to garner US$ 2,245.24 million by 2028 to expand at 7.3% CAGR during 2021-2028.

Based on end user, the North America peripheral vascular devices market is segmented into hospitals & clinics, ambulatory care centers, specialty clinics, and others. The hospitals & clinics segment held 37.6% market share in 2021, amassing US$ 1,547.19 million. It is projected to garner US$ 2,513.82 million by 2028 to expand at 7.2% CAGR during 2021-2028.

Based on country, the North America peripheral vascular devices market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 68.4% market share in 2021. It was assessed at US$ 2,814.30 million in 2021 and is likely to hit US$ 4,519.78 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.

Key players dominating the North America peripheral vascular devices market are Abbott, B. Braun Melsungen AG, BD, Boston Scientific Corporation, Cardinal Health Inc, Cook Medical LLC, Edwards Lifesciences Corporation, Medtronic, Teleflex Incorporated, and Terumo Corporation among others.

• In Sep 2021, Abbott acquired Walk Vascular, LLC to expand peripheral vascular offerings, and incorporate into Abbott's existing endovascular product portfolio. Financial terms of the acquisition were not disclosed by the companies.

• In Sep 2021, Boston Scientific Corporation acquired California based Devoro Medical, Inc to expand its peripheral intervention product portfolio. Boston Scientific has been a strategic investor in Devoro Medical since 2019 and presently holds an equity stake of approximately 16%. As a result, the transaction consists of an upfront payment of approximately USD 269 million for the 84% stake not yet owned and up to USD 67 million upon achievement of certain clinical and regulatory achievement.

North America Peripheral Vascular Devices Market Segmentation

The North America peripheral vascular devices market is segmented into product, end user, and country. Based on product, the North America peripheral vascular devices market is segmented into peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, and embolization guidewires. Further, the peripheral vascular stents segment dominated the market in 2021. Based on end user, the North America peripheral vascular devices market is segmented into hospitals & clinics, ambulatory care centers, specialty clinics, and others. Further, the hospitals & clinics segment dominated the market in 2021. Based on country, the North America peripheral vascular devices market is segmented into the US, Canada, and Mexico. Further, the US dominated the market in 2021.

North America Peripheral Vascular Devices Strategic Insights

Strategic insights for the North America Peripheral Vascular Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Peripheral Vascular Devices Regional Insights

The geographic scope of the North America Peripheral Vascular Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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