Global Peripheral Vascular Device Market size and share is currently valued at USD 10.67 billion in 2024 and is anticipated to generate an estimated revenue of USD 18.51 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034
The global Peripheral Vascular Device Market is projected to witness substantial growth in the coming years, driven by a sharp rise in peripheral artery disease (PAD) cases, expanding geriatric population, and growing preference for minimally invasive procedures.
Peripheral vascular devices are essential in diagnosing and treating diseases that affect the peripheral vascular system—arteries and veins outside the heart and brain. The increasing global burden of cardiovascular diseases, combined with advances in catheter-based interventions and vascular stents, continues to reshape the industry.
Market Overview
The peripheral vascular device industry plays a crucial role in the management of vascular diseases, offering both diagnostic and therapeutic solutions. With the surge in conditions such as PAD, deep vein thrombosis (DVT), and chronic venous insufficiency, the demand for innovative, efficient, and patient-friendly devices has never been higher.
Key growth drivers include:
Increasing prevalence of peripheral artery disease: Over 200 million people worldwide suffer from PAD. This growing population, coupled with lifestyle changes, diabetes, and smoking, fuels demand for interventional treatments.
Shift toward minimally invasive treatment methods: Traditional open surgeries are being replaced with minimally invasive procedures, reducing hospital stays and improving patient outcomes.
Technological advancements: New generations of vascular stents, drug-coated balloons, and hybrid devices are enhancing procedural success rates.
Aging population: The rising number of elderly individuals globally is directly correlated with a higher incidence of vascular conditions, driving market demand.
Favorable reimbursement policies: In developed nations, supportive insurance frameworks are encouraging wider adoption of high-cost peripheral vascular devices.
Market Segmentation
The peripheral vascular device market is segmented based on product type, end-user, application, and geography.
- By Product Type
Stents
Bare-metal stents (BMS)
Drug-eluting stents (DES)
Covered stents
Angioplasty Balloons
Drug-coated balloons (DCB)
Plain balloons
Atherectomy Devices
Embolic Protection Devices
Vena Cava Filters
Catheters
Diagnostic catheters
Guiding catheters
Inferior Vena Cava (IVC) Filters
Accessories and Introducers
Among these, vascular stents and catheter-based interventions are the dominant product categories. Drug-coated balloons are also gaining traction due to their ability to deliver localized drug therapy during angioplasty procedures.
- By Application
Peripheral Artery Disease (PAD)
Deep Vein Thrombosis (DVT)
Aneurysms
Chronic Venous Insufficiency
Pulmonary Embolism
Peripheral artery disease (PAD) is the largest application segment, largely due to its high prevalence and the need for early and effective intervention to avoid critical limb ischemia and amputations.
- By End User
Hospitals and Surgical Centers
Specialty Clinics
Ambulatory Surgical Centers (ASCs)
Diagnostic Imaging Centers
Hospitals continue to lead as primary end-users, benefiting from infrastructure readiness, skilled professionals, and access to advanced technologies. However, ambulatory surgical centers are emerging as a cost-effective alternative, particularly for outpatient minimally invasive procedures.
Regional Analysis
The global peripheral vascular device market is regionally divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America – Market Leader
North America holds the largest market share, attributed to advanced healthcare infrastructure, high awareness levels, and the presence of major industry players. The United States, in particular, leads in the adoption of catheter-based interventions and vascular stents, with favorable FDA approvals and reimbursement schemes supporting the market.
Europe – Strong Focus on Innovation
Europe is another significant market, driven by high-quality healthcare services, growing geriatric population, and an increasing burden of lifestyle diseases. Countries like Germany, the UK, and France are investing heavily in new technologies to reduce vascular-related morbidity.
Asia-Pacific – Fastest Growing Region
Asia-Pacific is expected to register the highest growth rate during the forecast period. Key factors include:
Rising prevalence of cardiovascular and vascular diseases
Large elderly population in countries like Japan and China
Rapid healthcare infrastructure development
Increased medical tourism and demand for minimally invasive procedures
India, with its cost-effective care and improving diagnostic networks, is becoming a hotspot for peripheral vascular interventions.
Latin America and MEA – Emerging Markets
Latin America and the Middle East & Africa are in the nascent stages of market development but are expected to show significant potential. Brazil and Saudi Arabia are showing strong demand due to rising public health investments and increased availability of interventional vascular devices.
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Key Companies in the Peripheral Vascular Device Market
The peripheral vascular device market is highly consolidated with key global players focusing on innovation, strategic mergers, and regional expansion to maintain competitiveness.
- Medtronic plc
One of the global leaders in vascular devices, Medtronic offers a wide range of solutions including angioplasty balloons, vascular stents, and drug-coated technologies. Their focus on clinical research and global outreach keeps them at the forefront.
- Boston Scientific Corporation
Known for its robust product pipeline and strong emphasis on R&D, Boston Scientific is a pioneer in catheter-based interventions and structural heart devices.
- Abbott Laboratories
Abbott continues to make strides in both diagnostic and therapeutic segments of vascular care. Their portfolio includes drug-eluting balloons, IVC filters, and advanced imaging systems.
- Cook Medical
Cook Medical specializes in minimally invasive medical devices and has a strong presence in peripheral artery disease (PAD) solutions, including embolic protection and venous access devices.
- Cardinal Health, Inc.
A major player in medical supplies and devices, Cardinal Health has been expanding its peripheral vascular portfolio through acquisitions and collaborations.
- Terumo Corporation
Terumo is known for its innovation in minimally invasive procedures and strong market presence in Asia-Pacific. The company is rapidly expanding its global footprint in vascular access and therapeutic catheter systems.
- Becton, Dickinson and Company (BD)
BD’s growing vascular access business is supported by its acquisitions of Bard and other firms, enabling the company to offer comprehensive PAD and venous intervention products.
Future Outlook
The peripheral vascular device market is expected to undergo significant transformation as healthcare systems globally shift toward preventive care, outpatient services, and value-based treatment models. Emerging technologies such as artificial intelligence (AI) in diagnostics, robotic-assisted interventions, and drug-device combination therapies will further redefine the standard of care.
As innovation accelerates, the focus will remain on improving long-term outcomes, reducing re-intervention rates, and minimizing complications. Additionally, public-private partnerships and funding support in developing regions will catalyze adoption and accessibility of advanced vascular therapies.
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