The Peripheral Vascular Devices Market was valued at USD 10.86 billion in 2023 and is expected to grow to USD 15.69 billion by 2030, representing a compound annual growth rate (CAGR) of 5.4% during the forecast period
Peripheral Vascular Devices Market Overview:
The Peripheral Vascular Devices Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Peripheral Vascular Devices Market, as well as the causes for variances in the industry’s growth in various places
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Peripheral Vascular Devices Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Peripheral Vascular Devices Market Drivers:
The Peripheral Vascular Devices Market has experienced significant advancements in catheter-based technologies, particularly in angiography, intravascular ultrasound (IVUS) or optical coherence tomography (OCT), and guiding catheters, driven by several key factors. One of the driving forces propelling this Peripheral Vascular Devices Market is the increasing prevalence of cardiovascular diseases, prompting a demand for more precise and minimally invasive diagnostic and treatment procedures. For instance, advancements in angiography catheters, such as the Siemens Artis Q biplane system, enable clinicians to obtain high-resolution images, aiding in accurate diagnoses of vascular conditions like peripheral artery disease (PAD). Furthermore, the integration of IVUS/OCT technologies into catheters has revolutionized intravascular imaging, allowing for detailed visualization of vessel structures, plaque morphology, and stent placement. Companies like Boston Scientific with their OPTICROSS HD Imaging Catheter have introduced enhanced imaging capabilities to guide interventions effectively for Peripheral Vascular Devices Market. Additionally, guiding catheters have evolved to improve procedural success rates by providing better support and maneuverability during interventions. For instance, Cordis, a Cardinal Health company, offers guiding catheters like the ADROIT™ Guiding Catheter designed to facilitate precise navigation through complex vascular anatomy. These innovations in catheter technologies are fundamentally reshaping the landscape of peripheral vascular interventions, offering clinicians enhanced precision, reduced risks, and improved patient outcomes in diagnosing and treating various vascular conditions which drives the Peripheral Vascular Devices Market.
For instance, The FDA issued updated information on July 11, 2023, regarding paclitaxel-coated devices used in treating peripheral arterial disease (PAD) to inform healthcare providers. The update clarifies that after reviewing available data, there's no evidence supporting increased mortality risk associated with these devices. It recommends discussing all PAD treatment options, continued patient monitoring after device use, ensuring optimal PAD therapy, and reporting adverse events. This update follows the FDA's previous communication and aims to reassure healthcare providers about the safety of paclitaxel-coated devices for Peripheral Vascular Devices Market trend.
Fetal Bovine Serum Market Market Segmentation:
by Device Type
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
Carotid Artery
Fem-Pop Artery
lliac Artery
Infrapop Artery
by End-User
Hospitals
Ambulatory Surgical Centers/Outpatients
Cardiac Catheterization Labs
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Peripheral Vascular Devices Market Key Players: The key players are
North America
1. Abbott Laboratories (USA)
2. Boston Scientific Corporation (USA)
3. Cook Medical Incorporated (USA)
4. Cardinal Health, Inc. (USA)
5. Cordis Corporation (USA)
6. Penumbra, Inc. (USA)
7. Johnson & Johnson (USA)
8. AngioDynamics, Inc. (USA)
9. Endologix, Inc. (USA)
10. Teleflex Incorporated (USA)
11. C.R. Bard, Inc. (USA)
12. Edwards Lifesciences Corporation (USA)
13. Merit Medical Systems, Inc. (USA)
Europe:
1. Medtronic plc (Ireland)
2. B. Braun Melsungen AG (Germany)
3. Biotronik SE & Co. KG (Germany)
4. Lombard Medical Technologies (United Kingdom)
5. Jotec GmbH (Germany)
Asia Pacific:
1. Terumo Corporation (Japan)
2. Asahi Intecc Co., Ltd. (Japan)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Peripheral Vascular Devices Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Peripheral Vascular Devices Market Report are:
Which sub-segment had the largest share in the Peripheral Vascular Devices Market?
How is the competitive landscape of the Peripheral Vascular Devices Market in 2023?
Which are the key drivers impacting the Peripheral Vascular Devices Market growth?
Which region holds the maximum share in the Peripheral Vascular Devices Market?
What will be the CAGR of the Peripheral Vascular Devices Market during the forecast period (2023-2029)?
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