Peripheral Vascular Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Peripheral Vascular Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global peripheral vascular devices market is on an upward trajectory, projected to propel it to a valuation of US$ 8.6 billion by the end of 2031, according to the latest report by Fairfield Market Research. In 2024, the market generated revenues of US$ 4.9 billion, with peripheral vascular stents accounting for a substantial portion.

Increased Volume of Surgeries & Accessibility to Reimbursements Driving Growth

One of the key factors driving the expansion of the peripheral vascular devices market is the increasing volume of surgeries and improved access to reimbursements. The rise in outpatient procedures for peripheral vascular interventions, particularly in developed countries, is attributed to modifications in reimbursement policies and government initiatives. This trend is expected to continue, fostering market growth.

Rising Number of End Users Fueling Market Expansion

The market is further buoyed by the growing number of ambulatory surgical centers (ASCs) in both underdeveloped and developing nations. The proliferation of ASCs is expected to lead to an increase in outpatient cases, thereby driving overall market expansion.

Challenges Due to Product Recalls

While the peripheral vascular devices market is on an upward trajectory, challenges exist, including an increasing threat of product recalls. The development of new and innovative technologies has led to some products being recalled by regulatory bodies like the Food and Drug Administration (FDA) due to serious adverse health consequences. Factors such as deployment issues, bleeding, and strokes pose potential risks and may restrain market growth to some extent.

Country-wise Insights: The U.S., Germany, and China
• The Lucrative U.S. Market: The United States accounted for 94.5% of the North American peripheral vascular devices market. The U.S. market benefits from ongoing development, innovation in technology, and the growing use of drug-eluting stents in interventional procedures.
• Germany's Stance: Germany held a significant share in the European peripheral vascular devices market. The country's focus on research and development, coupled with its quick adoption of healthcare technologies, positions it as a prominent player in the market.
• China Emerges Strong: China dominated the East Asia peripheral vascular devices market. The rising prevalence of diabetes and an aging population in China are driving the demand for peripheral vascular devices.

Competitive Analysis and Key Players

Leading manufacturers in the peripheral vascular devices industry are actively developing technologically-advanced products to strengthen their global portfolios. Mergers, acquisitions, expansions, and collaborations are common strategies employed by key players to enhance their market share.

Key Companies Profiled:
• Abbott Laboratories
• Boston Scientific Corporation
• Cook Medical Inc.
• MicroPort Scientific Corporation (Endovastec™)
• Medtronic Plc.
• Cardinal Health, Inc.
• B. Braun Melsungen AG
• BIOTRONIK SE & Co. KG
• Becton, Dickinson and Company
• W. L. Gore & Associates Inc.
• Getinge AB
• Terumo Corp
• Kyoto Medical Planning Co Ltd
• iVascular S.L.U
• AMG International GmbH
• ENDOCOR GmbH
• Meril Life Sciences Pvt. Ltd.
• Nano Therapeutics Pvt Ltd
• Koninklijke Philips N.V.
• REVA Medical

Peripheral Vascular Devices Industry Research Segmentation

By Product:
• Peripheral Vascular Stents
Self-Expanding Stents
Balloon Expanding Stents
Covered Stents
Drug Eluting Stents
• Drug Eluting Balloons
• Peripheral Vascular Bioresorbable Scaffolds

By Indication:
• Target Artery Instability (TAI)
• Access Artery Injury (AAI)
• Peripheral Arterial Disease
• Arteriovenous Fistulas
• Peripheral Aneurysms
• Others

By Artery Type:
• Carotid Artery
• Fem-Pop Artery
• Iliac Artery
• Infrapop Artery

By End User:
• Hospitals
• Ambulatory Surgical Centers/Outpatients
• Cardiac Catheterization Labs

By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

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