Global Peripheral Vascular Devices Market to Exceed $17 Billion Propelled by Incidence Rates of Vascular Disease

VANCOUVER, BRITISH COLUMBIA, CANADA, November 16, 2023 /EINPresswire.com/ -- iData Research, a leading global market research firm specializing in medical devices, dental and pharmaceuticals, highlights the imminent expansion of the Global Peripheral Vascular Devices Market in the updated 2024 report. This comprehensive report delves deep into various market segments, ​​including peripheral vascular stents, percutaneous transluminal angioplasty (PTA) balloon catheters, drug-coated balloons (DCBs), atherectomy devices, intravascular lithotripsy (IVL) system, chronic total occlusion (CTO) devices, surgical grafts, stent grafts, embolic protection devices (EPDs), peripheral thrombus management, inferior vena cava filters, carotid shunts, diagnostic and interventional catheters, diagnostic and interventional guidewires, introducer sheaths, vascular closure devices (VCDs), transcatheter embolization devices and peripheral intravascular ultrasound (IVUS) catheters.

In the 2024 Global Peripheral Vascular Devices Market Report, an extensive analysis was conducted with more than 60 peripheral vascular device companies spanning 70 countries in seven continents. Our comprehensive methodology enabled a detailed examination of procedure numbers, market sizes, unit sales, company market shares, and facilitated the creation of precise forecasts.

​​One of the primary forces propelling the peripheral vascular device market into new heights is the increasing incidence rates of vascular disease and disorders, primarily influenced by the shifting demographics and lifestyle changes. With the global population aging, the occurrence of conditions such as peripheral arterial disease (PAD), deep vein thrombosis (DVT), and venous insufficiency is on the rise. This surge in patients necessitates a higher demand for minimally invasive procedures and innovative devices designed to tackle these vascular challenges. Moreover, ongoing advancements in medical technology, notably in refined stent designs, drug-eluting mechanisms, and endovascular techniques, are significantly improving treatment options and overall outcomes. These combined factors play a pivotal role in the expansion of the peripheral vascular device market as healthcare providers actively seek effective solutions to manage and treat vascular diseases.

Key highlights from the iData report include:

Robust Market Expansion: In 2023, the global peripheral vascular device market was valued at over $12.9 billion. This is expected to increase over the forecast period at a CAGR just over 4% to reach $17.4 billion.

Advanced Technologies: ​​​​An emerging trend in the PV market is the increasing use of advanced technologies and minimally invasive techniques for PV procedures. These technologies include the use of catheter-based treatments and devices such as DCBs, atherectomy devices and stent grafts.

Competitive Landscape: iData's report provides an in-depth analysis of the competitive landscape, profiling key players and their strategic initiatives. Currently, Medtronic, W.L.Gore, and Boston Scientific lead the global peripheral vascular devices market.

For more information on the Global Peripheral Vascular Devices Market, and to access the complete iData Research report, please visit:

https://idataresearch.com/product/peripheral-vascular-devices-market/

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Emma Matrick
iData Research
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