Transformative Trends Impacting the Peripheral Vascular Devices And Equipment Market Landscape: Innovations in Larger-Diameter Catheters for Peripheral Artery Disease Treatment

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How Large Will the Peripheral Vascular Devices And Equipment Market Size By 2025?
The market size for peripheral vascular devices and equipment has witnessed a consistent growth in the recent years. The market value is projected to increase from $9.86 billion in 2024 to $10.29 billion in 2025, presenting a compound annual growth rate (CAGR) of 4.4%. The growth during the historic period has been propelled by factors such as the prevalence of cardiovascular disease, an aging population, management of chronic diseases, clinical guidelines, and research.

How Big Is the Peripheral Vascular Devices And Equipment Market Size Expected to Grow by 2029?
The market for peripheral vascular devices and equipment is anticipated to experience consistent growth in the coming years, expanding to a value of $12.32 billion by 2029, with a compound annual growth rate (CAGR) of 4.6%. The growth projected within this period can be linked to factors such as the use of minimally invasive procedures, the incorporation of telehealth, worldwide healthcare access, and drug-coated devices. Key trends predicted for this forecast period comprise of the application of artificial intelligence (AI) in vascular medicine, robotic-assisted procedures, point-of-care testing, and bioresorbable vascular scaffolds.

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Which Key Market Drivers Powering Peripheral Vascular Devices And Equipment Market Expansion and Growth?
The burgeoning count of individuals suffering from peripheral artery diseases is propelling the growth of the peripheral vascular devices and equipment market. The formation of plaque that consists of fats, cholesterol, and other components results in peripheral artery diseases by blocking arteries in the human body and thereby limiting the blood flow to vital organs. Globally, lower extremity peripheral artery disease (PAD) impacts more than 230 million adults, and it is correlated with a heightened threat of negative clinical outcomes like other cardiovascular complications, such as coronary heart disease, stroke, and leg outcomes, like amputation. While the impact of the disease is different in younger individuals, the occurrence escalates significantly, with over 20% of individuals above 80 years having PAD. Data from the Center for Disease Control and Prevention (CDC) denotes that approximately 8.5 million individuals in the USA are grappling with peripheral artery diseases, out of which 12-20% are individuals above the age of 60.

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What Trends Will Shape the Peripheral Vascular Devices And Equipment Market Through 2029 and Beyond?
The principal firms in the peripheral vascular devices and equipment market are concentrated on innovating superior products like catheters of a larger diameter to improve the management of peripheral artery disorders. These larger-diameter catheters are engineered to assist in the drainage or distribution of fluids, medications or different substances. For example, Shockwave Medical Inc., an American medical device firm, in March 2023, introduced the peripheral intravascular lithotripsy (IVL) catheter. The distinguishing attribute of the Shockwave L6 Peripheral IVL catheter is its custom-tailored design effectively to transform calcification in challenging lesions within large peripheral vessels, like the iliac and common femoral arteries. This specific technique tackles the prevalent problem of calcification in these arteries, frequently associated with lower procedural success and escalated complications with regular endovascular methods.

What Are the Emerging Segments in the Peripheral Vascular Devices And Equipment Market?
The peripheral vascular devices and equipment market covered in this report is segmented -

1) By Type: Peripheral vascular stents, Percutaneous transluminal angioplasty balloons, Catheters, PTA guide wires, erec*tomy devices, Chronic total acclusion devices, Aortic stents, Synthetic surgical grafts, Embolic protection devices, Inferior vena cava filters
2) By Application: Treatment of Peripheral Blood Vessels Damaged, Treatment of Peripheral Blood Vessels Blockage
3) By End User: Hospital applications, Clinic applications

Subsegments:
1) By Peripheral Vascular Stents: Balloon-expandable Stents, Self-expanding Stents
2) By Percutaneous Transluminal Angioplasty Balloons: Drug-coated Balloons, Non-drug-Coated Balloons
3) By Catheters: Diagnostic Catheters, Therapeutic Catheters
4) By PTA Guide Wires: Hydrophilic Guide Wires, Non-hydrophilic Guide Wires
5) By erec*tomy Devices: Rotational erec*tomy Devices, Orbital erec*tomy Devices, Laser erec*tomy Devices, Directional erec*tomy Devices
6) By Chronic Total Occlusion Devices: CTO crossing devices, CTO re-entry devices
7) By Aortic Stents: Self-expanding Aortic Stents, Balloon-expandable Aortic Stents
8) By Synthetic Surgical Grafts: Polyester Grafts, Polytetrafluoroethylene (PTFE) Grafts, Dacron Grafts
9) By Embolic Protection Devices: Distal Protection Devices, Proximal Protection Devices
10) By Inferior Vena Cava Filters: Permanent Filters, Retrievable Filters

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Who Are the Global Leaders in the Peripheral Vascular Devices And Equipment Market?
Major companies operating in the peripheral vascular devices and equipment market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Group, Angiomed GmbH & Co. Medizintechnik KG, Terumo Corporation, ENDOLOGIX Inc., Bolton Medical Inc., JOTEC GmbH, Clearstream Technologies, Aesculap AG, Curative Medical Devices, Lepu Medical Technology, MicroPort, Bioteque Corporation Co.Ltd., Cardinal Health, iVascular, B. Braun Group, Biosensors International Group, BIOTRONIK SE & Co., COVIDien, Volcano Corporation, AngioScore, Edwards Lifesciences Corporation, Cordis Corporation, Koninklijke Philips N.V., Nipro Corporation, Bluesail Medical Co. Ltd, Rex Medical, Teleflex Incorporated, Penumbra Inc., Lombard Medical Technologies PLC, W.L. Gore & Associates Inc., Merit Medical Systems Inc., Vascular Solutions Inc., LeMaitre Vascular Inc., Spectranetics Corporation

Which are the Top Profitable Regional Markets for the Peripheral Vascular Devices And Equipment Industry?
North America was the largest region in global peripheral vascular devices and equipment market in 2024. Western Europe was the second-largest region in global peripheral vascular devices and equipment market. The regions covered in the peripheral vascular devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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