The peripheral vascular devices market refers to the medical devices used in the diagnosis and treatment of peripheral vascular diseases, which affect the blood vessels outside the heart and brain. These devices are designed to improve blood circulation, remove obstructions, and restore normal blood flow in the peripheral arteries and veins.
Global Peripheral Vascular Devices Market Overview
The global peripheral vascular devices market size is projected to reach USD 13.4 billion by 2026 from USD 10.3 billion in 2021, at a CAGR of 5.3% from 2021 to 2026.
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Peripheral vascular diseases include conditions such as peripheral artery disease (PAD), deep vein thrombosis (DVT), varicose veins, and chronic venous insufficiency. The devices used in the treatment of these conditions vary depending on the specific disease and its severity.
Some of the commonly used peripheral vascular devices include:
Stents: These are small mesh-like tubes inserted into narrowed or blocked arteries to keep them open and restore blood flow.
Balloon angioplasty catheters: These catheters have a balloon at the tip that is inflated to compress the plaque and widen the narrowed arteries.
Atherectomy devices: These devices are used to remove plaque from the arteries using cutting or grinding mechanisms.
Catheters: Catheters are used for various purposes in peripheral vascular interventions, including guiding other devices, delivering medications, and measuring blood pressure.
Inferior vena cava filters: These filters are implanted in the vena cava to prevent blood clots from reaching the lungs in patients at high risk of pulmonary embolism.
Thrombectomy devices: These devices are used to remove blood clots from the arteries or veins, restoring blood flow.
Compression stockings: These are elastic stockings worn on the legs to improve circulation and prevent swelling in patients with venous insufficiency.
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The peripheral vascular devices market has experienced significant growth in recent years due to the increasing prevalence of peripheral vascular diseases, the aging population, and technological advancements in device design and manufacturing. The market is driven by factors such as the rising demand for minimally invasive procedures, the development of advanced imaging techniques, and the growing awareness of early disease diagnosis and treatment.
Key Market Players
The major players in the peripheral vascular devices market Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Becton, Dickinson and Company (US), Terumo Corporation (Japan), Cardinal Health (US), B. Braun Melsungen AG (US), Merit Medical Systems (US), Penumbra, Inc.(US), Koninklijke Philips N.V.( Netherlands), iVascular S.L.U (Spain), Biosensors International Group Ltd. (Singapore), BIOTRONIK (Germany), AMG International GmbH (US), ENDOCOR GmbH (Germany).
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