Peripheral Vascular Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By End User, By Region and Competition, 2020-2030F
The Global Peripheral Vascular Devices Market reached a valuation of USD 10.58 billion in 2024 and is poised to expand to USD 15.74 billion by 2030, registering a CAGR of 6.84% during the forecast period. This growth is largely driven by an aging global population and a corresponding rise in peripheral vascular diseases. Contributing factors include a favorable reimbursement landscape, increasing approvals for new products, and the rising incidence of diabetes. Tobacco use, another key risk factor, further fuels market expansion. Notably, technological innovations such as Siemens Healthineers' 2022 launch of the ACUSON AcuNav Volume 4D ICE Catheter in the U.S. exemplify how advanced devices are broadening the scope of vascular interventions, particularly for patients previously unsuitable for certain procedures.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 10.58 Billion
Market Size 2030
USD 15.74 Billion
CAGR 2025-2030
6.84%
Fastest Growing Segment
Ambulatory Surgical Centers
Largest Market
North America
Key Market Drivers
Rising Prevalence of Peripheral Artery Disease (PAD) and Diabetes
A major driver of the peripheral vascular devices market is the escalating incidence of Peripheral Artery Disease (PAD) and diabetes globally. PAD affects over 15% of individuals aged 60+, and more than 35% of diabetic patients also develop PAD, highlighting the urgent need for vascular intervention tools. According to the World Health Organization (WHO), cardiovascular diseases, including PAD, remain the leading cause of death worldwide. Diabetes exacerbates vascular issues by accelerating atherosclerosis, which narrows arteries and restricts blood flow, thereby increasing the demand for medical devices like stents, angioplasty balloons, and catheters. Additionally, global public health campaigns aimed at controlling diabetes and its complications indirectly support market growth.
Key Market Challenges
Stringent Regulatory Requirements
The stringent regulatory environment represents a key hurdle for manufacturers of peripheral vascular devices. Authorities like the FDA and EMA mandate extensive clinical trials and safety checks, which can delay product releases and inflate development costs. Furthermore, inconsistencies in regulatory standards across countries complicate international market entry, requiring companies to invest heavily in compliance efforts. This complexity may impede innovation and restrict access to cutting-edge devices in some regions. Although initiatives to harmonize global standards are in progress, regulatory disparity remains a significant barrier to market expansion.
Key Market Trends
Technological Advancements in Peripheral Vascular Devices
The peripheral vascular devices market is witnessing rapid transformation through technological advancements. Innovations such as drug-eluting stents, which prevent arterial re-narrowing, have significantly improved clinical outcomes. Bioresorbable scaffolds-accounting for nearly 20% of newly developed vascular devices-provide temporary vascular support before dissolving, thereby minimizing long-term risks. Additionally, the integration of artificial intelligence and machine learning is enhancing diagnostic precision and enabling personalized treatment planning. These developments contribute to more effective, less invasive procedures, aligning with the global healthcare shift toward minimally invasive interventions. Regulatory support and increased R&D funding are further propelling these advancements.
Key Market Players
Abbott Laboratories
AngioScore Inc.
Edward Lifesciences Corporation
Medtronic Inc
St. Jude Medical
Teleflex Medical
Volcano Corporation
Boston Scientific Corporation
Teleflex Medical
Cook Group Inc.
Report Scope:
In this report, Global Peripheral Vascular Devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Peripheral Vascular Devices Market, By Type:
Peripheral Stents
PTA Balloons
Catheters
Endovascular Aneurysm Repair Stent Grafts
Plaque Modification Devices
Peripheral Accessories
Inferior Vena Cava Filters
Hemodynamic Flow Alteration Devices
Peripheral Vascular Devices Market, By End User:
Hospitals
Clinics
Ambulatory Surgical Centers
Peripheral Vascular Devices Market, By Region:
North America
United States
Canada
Mexico
Europe
France
Germany
United Kingdom
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Australia
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Peripheral Vascular Devices Market.
Available Customizations:
Global Peripheral Vascular Devices Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Peripheral Vascular Devices Market Outlook