Peripheral Vascular Devices Market Size, Share & Growth Forecast 2026-2036

The peripheral vascular devices market is moving along a steady growth path and is expected to maintain that momentum over the next decade. In 2025, the market stood at approximately USD 9.82 billion. By 2026, it is projected to reach around USD 10.49 billion, and by 2036, the market value is expected to climb to nearly USD 21.6 billion. This translates to a compound annual growth rate of 7.5% from 2026 to 2036. The expansion is not sudden or speculative; rather, it reflects structural healthcare trends that continue to intensify globally.

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Market Scope and Clinical Relevance

Peripheral vascular devices are used to treat disorders affecting blood vessels outside the heart and brain. These conditions most often involve the arteries and veins in the legs, abdomen, and neck. Among them, peripheral artery disease (PAD) remains one of the most common and clinically concerning disorders. PAD restricts blood flow due to arterial narrowing, often leading to pain, reduced mobility, delayed wound healing, and in severe cases, limb-threatening complications. The product landscape includes angioplasty balloons, vascular stents, catheters, stent graft systems, vena cava filters, and plaque removal technologies such as atherectomy and thrombectomy systems. Collectively, these devices are designed to reopen blocked vessels, restore circulation, and reduce the long-term risks associated with untreated vascular disease.

Core Growth Drivers

The market's growth is closely tied to the rising global prevalence of lifestyle-related diseases. Conditions such as diabetes, obesity, hypertension, and smoking-related vascular damage significantly increase the risk of arterial blockages. As these health concerns continue to expand across both developed and developing regions, the patient pool requiring vascular intervention grows accordingly.
Demographics are another decisive factor. The global population is aging, and vascular disorders disproportionately affect older adults. Blood vessels naturally lose elasticity over time, and plaque accumulation becomes more common with advancing age. As life expectancy increases, so does the number of individuals living long enough to develop peripheral vascular complications.
Awareness also plays a role. Early diagnosis of vascular disease is improving, supported by better screening practices and more proactive clinical management. Patients are more likely to seek treatment earlier than in previous decades, which leads to greater procedural volumes and device utilization.

The Transition Toward Endovascular Care

One of the most influential shifts in vascular treatment has been the widespread move away from open surgery toward minimally invasive endovascular procedures. These techniques typically require only small punctures rather than large incisions. Recovery tends to be quicker, hospital stays shorter, and complication risks lower. For patients, this means less disruption and faster return to daily life. For healthcare systems, it often translates into cost efficiencies and reduced inpatient burden. As a result, minimally invasive treatment is no longer considered an alternative approach but is increasingly regarded as the standard of care in many clinical settings. This shift directly fuels demand for peripheral vascular devices.

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Innovation and Product Evolution

Technological refinement continues to shape the competitive landscape. Manufacturers are focusing on improving device flexibility, precision, and long-term outcomes. Drug-eluting technologies have become particularly important, as they help reduce restenosis by delivering medication directly to the treated vessel area.
Another area of development involves bioresorbable scaffolds, which provide temporary support and gradually dissolve after the vessel stabilizes. While still evolving, such technologies reflect the broader industry goal of minimizing permanent implants where possible. Drug-coated balloons represent a similar concept, delivering therapeutic agents without leaving behind a structural device.
These advancements are not purely incremental; they are aimed at improving clinical durability while lowering complication rates, which remains a central concern in vascular interventions.

Managing Complex Lesions

Not all vascular blockages are straightforward. Many patients present with heavily calcified arteries, complete occlusions, or disease in small vessels below the knee. These cases require specialized devices capable of navigating narrow or rigid vessel structures.
Below-the-knee disease, in particular, remains a challenge due to the smaller vessel size and higher recurrence rates. Patients with advanced PAD or critical limb ischemia often depend on successful intervention in these areas to prevent amputation. As a result, manufacturers continue to invest in devices that enhance deliverability, adaptability, and plaque modification capabilities.

Product Segment Performance

Within the overall market, angioplasty stents continue to account for a significant share of revenue. Their widespread use in maintaining vessel patency following angioplasty procedures makes them a cornerstone of peripheral vascular treatment. Drug-eluting stents have further strengthened this position by lowering the likelihood of repeat blockages.
At the same time, drug-eluting balloons are projected to grow at a faster rate over the forecast period. Their ability to provide therapeutic benefit without leaving a permanent implant appeals to physicians in selected treatment scenarios, particularly where minimizing long-term foreign material inside the vessel is desirable.

Regional Trends

North America is expected to maintain its leading position in the global market. This dominance is supported by advanced healthcare infrastructure, high diagnostic rates, established reimbursement systems, and strong procedural adoption. The region also benefits from early uptake of new technologies and consistent investment in vascular research.
In contrast, Asia-Pacific is projected to register the fastest growth through 2036. A large patient population, rising incidence of diabetes and hypertension, and expanding healthcare expenditure all contribute to this acceleration. Governments across the region are improving healthcare accessibility, which is gradually increasing the availability of advanced vascular treatments.
Other regions, including Latin America and the Middle East & Africa, are emerging as growth opportunities. Although these markets are smaller today, improving healthcare infrastructure and rising disease awareness are expected to support long-term expansion.

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Overall Market Perspective

The peripheral vascular devices market is not experiencing short-term volatility but rather sustained structural growth. Demographic trends, chronic disease prevalence, and continued procedural innovation collectively create a stable foundation for expansion. With the market expected to approach USD 21.6 billion by 2036, the industry's trajectory appears firmly upward.
As treatment approaches continue to evolve and access to care improves globally, peripheral vascular devices will remain central to managing vascular disease and preserving patient mobility and quality of life.

Key Questions Answered

What is the current size of the global peripheral vascular devices market?
What is the projected market value by 2036?
What are the primary drivers fueling growth in the peripheral vascular devices market?
How does the rising geriatric population impact market demand?
In what ways are lifestyle-related diseases influencing procedural volumes?
What opportunities exist in emerging healthcare markets?
What role do drug-eluting technologies play in improving clinical outcomes?
How are bioresorbable scaffolds changing treatment strategies?
Which product segment holds the largest market share?
Why do angioplasty stents dominate the market?

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