Peripheral Vascular Devices Market Size | Report on Top Manufacturers Business Strategies to 2026

 

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 according to the latest MarketsandMarkets (MnM) analysis. 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.

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The growth of this market is driven by rapid growth in the geriatric population and the subsequent increase in the prevalence of peripheral vascular diseases, favorable reimbursement scenario for peripheral vascular procedures, Increased number of product approvals, increased prevalence of diabetes, and rising rate of tobacco consumption.

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).

Medtronic (Ireland) held the leading position in the peripheral vascular devices market. The company offers an exhaustive product portfolio consisting of various peripheral vascular devices.

COVID -19 IMPACT ON PERIPHERAL VASCULAR DEVICES MARKET

Globally, the COVID-19 outbreak has impacted every aspect of the medical device industry, including the peripheral vascular devices market. In the last few months, the number of patient visits to hospitals has reduced significantly, despite emergency and outpatient department (OPD) services being available in hospitals.

Market Segmentation

The MnM report throws light on an inclusive segmental analysis of the global Genotyping Assay market based on Product Type, Application & End user.

·         The Hemodynamic flow alteration devices segment is expected to grow at the highest CAGR during the forecast period

·         Abdominal Aortic Aneurysm Stent Grafts accounted for the largest share of the peripheral vascular devices market

Regional Analysis

The peripheral vascular devices market is segmented into four major regional segments, namely, North  America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the peripheral vascular devices market. The large share of North America can be attributed to the growth in the geriatric population and the high prevalence of peripheral vascular diseases.

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Furthermore, the presence of key market players in this region ensures high access to medical devices

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