Global Peripheral Vascular Devices Market


  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 252

  • Format: PPT, PDF

Global Peripheral Vascular Devices Market Analysis: Segmented by Product (Peripheral Vascular Stents, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Embolic Protection Devices & Inferior Vena Cava Filters) and Segment Forecasts to 2028.


Report Overview

The global peripheral vascular devices market size stood at around USD 8.5 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

Growth in this market is majorly driven by the rapid growth in the geriatric population and the associated increase in the prevalence of peripheral vascular diseases, the approval of new and advanced products, and the rising incidence of diabetes. However, the availability of alternative treatments and product failures and recalls are the major factors that are expected to restrain the growth of this market during the forecast period.

Market Drivers

Driver: Rapid growth in the geriatric population and the subsequent increase in the prevalence of peripheral vascular diseases.

The rapid growth in the geriatric population is one of the major factors driving the demand for peripheral vascular devices as this population segment is at a greater risk of developing peripheral vascular diseases such as atherosclerosis and aneurysms. This is because, with age, genetic and lifestyle factors can lead to a build-up of plaque in the arteries. Globally, it is estimated that more than 200 million people are suffering from peripheral vascular diseases. According to the same source, the prevalence of these diseases rises with age and is greater than 20% in the patient population aged above 80 years.

According to an article published in the Lancet Journal in October 2016, the global prevalence of peripheral vascular diseases was 115.1 million in 2005, which rose to 154.6 million in 2015. With the growing geriatric population in all major regions across the globe, the prevalence of peripheral vascular diseases is expected to increase further in the coming years. This, in turn, will increase the demand and uptake of peripheral vascular devices in major markets during the forecast period.

1. Global Peripheral Vascular Devices Market Overview………………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………..……………….
A. Rising Demand for Minimally-invasive Procedures
B. Increase in Incidence of Peripheral Arterial Disease (PAD)
3. Porter’s Five Forces Analysis………………………………………………………….
A. Threat of New Entrants
B. Bargaining Power of Buyers/Consumers
C. Bargaining Power of Suppliers
D. Threat of Substitute Products
E. Intensity of Competitive Rivalry
4. Peripheral Vascular Devices Market Segmentation……………..………………………
A. By Device Type
I. Peripheral Vascular Stents
II. Peripheral Transluminal Angioplasty (PTA) Balloon Catheters
III. Peripheral Transluminal Angioplasty (PTA) Guidewires
IV. Atherectomy Devices
V. Embolic Protection Devices
VI. Inferior Vena Cava Filters
VII. Other Device Types
B. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Latin America, Middle-East and Africa Market Analysis
5. Peripheral Vascular Devices Major Products Market Share…………………………
A. Market Analysis, Insights and Forecast to 2028
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Devices in Development
7. Key Company Profiles…………………………………………………………………….
A. Medtronic Inc. Company overview, Product & Services, Strategies & Financials
B. Boston Scientific Corporation Company overview, Product & Services, Strategies & Financials
C. Abbott Laboratories Company profile, Product & Services, Strategies & Financials
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in New Devices Development
B. Untapped Markets in Developing Economies
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Trends and Recent Developments in Peripheral Vascular Devices Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Device Type:

Based on type, the catheters market is categorized into angiography catheters, guiding catheters, and IVUS/OCT catheters. Among all the angiography catheters segment accounted for the largest share of the catheters market in 2019. This is due to the high and increasing prevalence of peripheral vascular diseases, coupled with the growing awareness about the benefits of the early diagnosis of PVDs

Hemodynamic flow alteration devices market has been categorized into embolic protection devices and chronic total occlusion devices. Among both, the embolic protection devices segment accounted for the larger share of the hemodynamic flow alteration devices market in 2019. This can be attributed to the advantages of embolic protection devices over chronic total occlusion devices, such as the ability to capture embolic debris without interrupting continuous blood flow. Moreover, an increasing number of interventional procedures for treating peripheral artery diseases

By Geographic Region:

North America dominated the peripheral vascular devices market in 2019, and it is expected to grow similarly in the future due to factors, like the rising incidence of cardiovascular diseases, growing geriatric population, and the strong presence of industry players in the region

According to the International Journal of Epidemiology, in 2019, around 610,000 people die due to one or the other heart diseases, annually, in the United States. Furthermore, approximately 735,000 people in the United States experience heart attacks, annually

Europe holds the second-largest position in the market studied, which is followed by the APAC region

Key Industry Players

Key players operating in the peripheral vascular devices market include Abbott Laboratories, Angioscore Inc., Edward Lifesciences Corporation, Medtronic Inc., St. Jude Medical, Teleflex Medical, Volcano Corporation, Boston Scientific Corporation, Teleflex Medical, Cook Group Inc., Cordis Corporation, Covidien, Edward Lifesciences, C.R.Bard, St. Jude Medical, Terumo Interventional Systems Inc., Bayer, Endologix, B Braun Inc., Volcano Corporation, Endologix, W.L.Gore and Associates Ltd., and Angioscore Ltd.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

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  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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