Peripheral Vascular Device Market is projected to reach USD 18.51 billion by 2034, growing at a CAGR of 5.7%

The global peripheral vascular device market size was valued at USD 10.67 billion in 2024. The market is projected to grow from USD 11.27 billion in 2025 to USD 18.51 billion by 2034, at a CAGR of 5.7% from 2025 to 2034.

Market Overview
Peripheral vascular devices are used to treat peripheral vascular illnesses, which are blood circulation hindrances caused by blockages, narrowing, or spasms in blood vessels due to the accumulation of fat and plaque. Vascular grafts, peripheral venous catheters, stents, and catheters are some commonly used peripheral vascular devices. The rising prevalence of peripheral arterial disease (PAD) in established and emerging economies is driving the peripheral vascular device market growth. PAD and other vascular illnesses are becoming common due to the aging population and other risk factors such as diabetes, obesity, and hypertension. The growing number of vascular health-focused clinical trials and research is also contributing to the market expansion.

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Competitive Landscape
Leading market players are investing heavily in research and development to expand their offerings, which will help the market grow even more. Some of the top peripheral vascular device market key players are:
• Abbott Laboratories
• BD
• Becton
• C.R.Bard
• Cook Group
• Cordis Corporation
• Covidien
• Edward Lifesciences Corporation
• Medtronic
• St. Jude Medical
• Teleflex Medical

Key Highlights of Peripheral Vascular Device Market Report
• The peripheral market device market is segmented as atherectomy devices, stent-grafts, catheters, stents, and endografts based on device type. Because of its widespread use in the treatment of peripheral artery disease, the stent segment of the peripheral device market is anticipated to dominated the market in 2024.
• Based on application, the peripheral arterial disease segment dominated the market with a 47.6% revenue share in 2024, driven by the rising incidence of peripheral artery disease and the growing implementation of favorable government initiatives.
• North America dominated the global market with a 40.8% market share in 2024, driven by the region's aging population, the rapid advancement of medical technology, and the rising incidence of peripheral artery disease (PAD).
• The Asia Pacific peripheral vascular device market is anticipated to register the fastest growth during the forecast period. The rising prevalence of diabetes, driven by demographic shifts and changing lifestyles, has led to an increase in peripheral vascular illnesses in the region.

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Growth Drivers
• The growing prevalence of diabetes globally is surging the peripheral vascular device market revenue. Diabetes damages blood vessels through atherosclerosis, which involves the accumulation of plaque inside arteries. This process is fueled by inflammation caused by high blood sugar levels associated with diabetes. People with diabetes are at risk of developing PAD and other peripheral vascular disorders that mostly affect blood circulation in the lower limbs. To address these issues, stents, angioplasty balloons, and atherectomy devices are essential for restoring blood flow.

• Technological advancements have led to the development of user-friendly, less intrusive, and highly effective peripheral vascular devices. PAD and other vascular illnesses can now be diagnosed and treated with greater accuracy due to advancements in modern imaging technology. Technological advancements in peripheral vascular devices include drug-coated balloons, stents, atherectomy devices, and wearable sensors. These devices are intended to improve treatment options and outcomes for peripheral artery disease (PAD). Thus, technological advancements are propelling the expansion of the peripheral vascular devices market globally.

Segmental Analysis
• The peripheral vascular device market is segmented based on device, material, application, modality, and region.
• Based on device, the market is categorized into catheters, atherectomy devices, stents, endografts and stent grafts. The stents segment of the peripheral device market dominated the market in 2024.
• Based on material, the market is divided into biodegradable, nitinol-based, and metallic, polymer-based and platinum-based.

Global Peripheral Vascular Device Market, by Device
5.1. Key Findings
5.2. Introduction
5.2.1. Global Peripheral Vascular Device Market, by Device, 2020-2034 (USD Billion)
5.3. Catheters
5.3.1. Global Peripheral Vascular Device Market, by Catheters, by Region, 2020-2034 (USD Billion)
5.4. Atherectomy Devices
5.4.1. Global Peripheral Vascular Device Market, by Atherectomy Devices, by Region, 2020-2034 (USD Billion)
5.5. Stents
5.5.1. Global Peripheral Vascular Device Market, by Stents, by Region, 2020-2034 (USD Billion)
5.6. Endograft
5.6.1. Global Peripheral Vascular Device Market, by Endograft, by Region, 2020-2034 (USD Billion)
5.7. Stent-Grafts
5.7.1. Global Peripheral Vascular Device Market, by Stent-Grafts, by Region, 2020-2034 (USD Billion)

Global Peripheral Vascular Device Market, by Material
6.1. Key Findings
6.2. Introduction
6.2.1. Global Peripheral Vascular Device Market, by Material, 2020-2034 (USD Billion)
6.3. Biodegradable
6.3.1. Global Peripheral Vascular Device Market, by Biodegradable, by Region, 2020-2034 (USD Billion)
6.4. Nitinol-Based
6.4.1. Global Peripheral Vascular Device Market, by Nitinol-Based, by Region, 2020-2034 (USD Billion)
6.5. Metallic
6.5.1. Global Peripheral Vascular Device Market, by Metallic, by Region, 2020-2034 (USD Billion)
6.6. Polymer-Based
6.6.1. Global Peripheral Vascular Device Market, by Polymer-Based, by Region, 2020-2034 (USD Billion)
6.7. Platinum-Based
6.7.1. Global Peripheral Vascular Device Market, by Platinum Based, by Region, 2020-2034 (USD Billion)

Global Peripheral Vascular Device Market, by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Peripheral Vascular Device Market, by Application, 2020-2034 (USD Billion)
7.3. Peripheral Arterial Disease
7.3.1. Global Peripheral Vascular Device Market, by Peripheral Arterial Disease, by Region, 2020-2034 (USD Billion)
7.4. Renal Artery Disease
7.4.1. Global Peripheral Vascular Device Market, by Renal Artery Disease, by Region, 2020-2034 (USD Billion)
7.5. Coronary Artery Disease
7.5.1. Global Peripheral Vascular Device Market, by Coronary Artery Disease, by Region, 2020-2034 (USD Billion)
7.6. Venous Thromboembolism
7.6.1. Global Peripheral Vascular Device Market, by Venous Thromboembolism, by Region, 2020-2034 (USD Billion)
7.7. Carotid Artery Disease
7.7.1. Global Peripheral Vascular Device Market, by Carotid Artery Disease, by Region, 2020-2034 (USD Billion)

Global Peripheral Vascular Device Market, by Modality
8.1. Key Findings
8.2. Introduction
8.2.1. Global Peripheral Vascular Device Market, by Modality, 2020-2034 (USD Billion)
8.3. Minimally Invasive
8.3.1. Global Peripheral Vascular Device Market, by Minimally Invasive, by Region, 2020-2034 (USD Billion)
8.4. Invasive
8.4.1. Global Peripheral Vascular Device Market, by Invasive, by Region, 2020-2034 (USD Billion)
8.5. Non-Invasive
8.5.1. Global Peripheral Vascular Device Market, by Non-Invasive, by Region, 2020-2034 (USD Billion)

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Regional Overview
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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