Interventional Cardiology and Peripheral Vascular Devices Market Size to Reach US$ 41.17 billion by 2033 - Exclusive Report by DataM Intelligence

The Interventional Cardiology and Peripheral Vascular Devices Market was valued at US$ 20.11 billion in 2023, grew to US$ 21.58 billion in 2024, and is projected to reach US$ 41.17 billion by 2033, expanding at a CAGR of 7.5% during the forecast period 2025-2033.

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Mergers & Acquisitions 2025:
✅ Teleflex Acquires BIOTRONIK's Vascular Intervention Business
In February 2025, Teleflex announced the acquisition of BIOTRONIK's vascular intervention business, which includes stent systems, balloon catheters, and guide wires for coronary and peripheral artery diseases. The acquired products are expected to generate approximately €91 million in revenues in the fourth quarter of 2025.

✅ Stryker Acquires Inari Medical for $4.9 Billion
Stryker announced the acquisition of Inari Medical, a company specializing in devices that treat venous diseases such as venous thromboembolism. The all-cash deal, valued at $4.9 billion, is expected to close by the end of Q1 2025 and will enhance Stryker's portfolio in providing treatments for peripheral vascular diseases.

✅ Johnson & Johnson to Acquire Shockwave Medical in $13.1 Billion Deal
Johnson & Johnson announced its plan to acquire Shockwave Medical, a company specializing in intravascular lithotripsy technology for treating coronary and peripheral artery diseases. The $13.1 billion cash deal is part of J&J's strategy to enhance its cardiovascular intervention portfolio.

Market Drivers:
➠ Rising Prevalence of Cardiovascular Diseases
Cardiovascular disorders, including coronary artery disease, peripheral artery disease, and stroke, are among the leading causes of morbidity and mortality worldwide. This escalating prevalence is creating a high demand for interventional cardiology and vascular devices.

➠ Technological Advancements
Innovations such as drug-eluting stents, bioresorbable scaffolds, robotic-assisted catheters, and imaging-guided procedures have improved treatment outcomes and reduced recovery times, encouraging higher adoption rates among healthcare providers.

➠ Increasing Preference for Minimally Invasive Procedures
Minimally invasive interventions offer reduced procedural risk, shorter hospital stays, and quicker patient recovery compared to traditional surgical approaches. This trend has accelerated the demand for advanced devices in both cardiology and peripheral vascular therapies.

➠ Growing Geriatric Population
The increasing number of elderly patients, who are more susceptible to vascular and cardiac conditions, is driving the need for innovative devices tailored to manage complex cardiovascular cases.

➠ Supportive Government Initiatives and Funding
Many countries are implementing cardiovascular health programs and funding research for innovative treatment options, which contributes to market expansion.

➠ Rising Awareness and Screening Programs
Early diagnosis and preventive care campaigns are increasing the demand for interventional procedures, as more patients seek timely treatment for cardiovascular conditions.

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Market Segments:
By Product type (Interventional Catheters, Guidewires, Stents, PTCA Balloons, Atherectomy Devices, Chronic Total Occlusion Devices, Synthetic Surgical Grafts, Embolic Protection Devices, IVC filters, Others)
By Application(Congenital Heart Defect Correction, Coronary Thrombectomy, Angioplasty, Valvuloplasty, Percutaneous Valve Repair, Others)
By End-user (Hospitals, Ambulatory Surgical Centers, Others)
By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Market Geographical Share:
North America dominates the market due to advanced healthcare infrastructure, a large patient population with cardiovascular conditions, and high adoption of innovative interventional devices. The U.S. leads regional growth, supported by widespread awareness, insurance coverage, and strong research initiatives.

Europe holds the second-largest market share, propelled by government initiatives for cardiovascular health, increasing geriatric population, and adoption of minimally invasive procedures. Germany, France, and the U.K. are key contributors.

Asia-Pacific is emerging as a high-growth region. Factors such as rising disposable income, growing healthcare infrastructure, and increasing prevalence of lifestyle-related cardiac disorders are driving adoption. Countries like China, India, and Japan are witnessing rapid market expansion.

Latin America and the Middle East & Africa are gradually expanding markets, influenced by increased healthcare spending, awareness programs, and partnerships between local and international medical device manufacturers.

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Market Key Players:
Key players are B. Braun Interventional Systems Inc., Boston Scientific Corporation, BD, Medtronic, Teleflex Incorporated, Lepu Medical Technology (Beijing) Co., Ltd, TERUMO CORPORATION, Cook, Shenzhen MicroApproach Medical Technology Co., Ltd, and Biotronik.

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