PUBLISHER: iData Research Inc. | PRODUCT CODE: 1292443
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1292443
In 2022, the European market for peripheral vascular devices reached a valuation of approximately €1.5 billion. As we look ahead, it is expected to experience a steady growth rate with a projected CAGR of 3.1% during the forecast period, ultimately reaching around €1.9 billion.
Our extensive medical device market research encompassed an analysis of over 50 companies operating within the peripheral vascular device market across Europe. Through our comprehensive methodology, we delved into various aspects including market sizes, unit sales, company market shares, and average sales prices (ASPs) to provide accurate forecasts.
The full report suite on the European peripheral vascular (PV) devices market offers a comprehensive analysis of a wide range of devices including peripheral vascular stents, percutaneous transluminal angioplasty (PTA) balloon catheters, drug-coated balloons (DCBs), atherectomy devices, intravascular lithotripsy (IVL) systems, chronic total occlusion (CTO) devices, surgical grafts, stent grafts, embolic protection devices (EPDs), arteriovenous (AV) access thrombectomy devices, 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. Our in-depth analysis provides valuable insights into this dynamic market.
The COVID-19 pandemic had a significant impact on the European peripheral vascular (PV) market in 2020. Lockdown measures and procedure delays led to reduced demand and lower sales for PV device companies. However, as restrictions eased and procedures resumed, the PV market started to recover. In 2021 and 2022, there was a noticeable increase in demand for PV devices as postponed procedures were addressed. This recovery demonstrates the resilience of the PV market in Europe.
The IVL (Intravascular Lithotripsy) market in Europe has witnessed significant growth in recent years. This advanced technology employs sound waves to disrupt calcium deposits in arteries, offering a more effective and minimally invasive alternative to conventional treatments for peripheral arterial disease. The escalating prevalence of peripheral artery disease, coupled with the rising demand for less invasive treatment options, has fueled the increasing adoption of IVL in Europe.
In 2022, Medtronic emerged as the leading player in the European PV market, leveraging its strong presence in the stent graft segment and diverse product portfolio. The company's ability to capture significant shares in high-value markets has enabled it to bundle lower-priced products, enhancing its overall market position. Medtronic's flagship offerings, such as Admiral IN.PACT™ drug-coated balloons, Endurant™ and Valiant™ stent grafts, along with a range of stents and PTA balloons, have contributed to substantial revenue generation. Furthermore, Medtronic has established dominance in the atherectomy device market, despite its relatively smaller size in Europe.
Cook Medical secured the second-leading position in the PV market, primarily driven by its strong foothold in the stent graft segment. The company also led the inferior vena cava filter (IVCF) market, although it constitutes a smaller portion of its revenue due to the market's size. Cook Medical's Zenith® family of stent grafts stands out as the company's flagship product, contributing significantly to its overall market presence.
Boston Scientific, following its merger with BTG in 2019, initially secured the second-leading position in the European market. However, in 2022, it slipped to the third position due to market share loss to Cook Medical. Nevertheless, Boston Scientific has made notable progress in its venous treatment and transcatheter embolization portfolios after the acquisition, establishing a leading position in both markets. With a comprehensive portfolio for treating venous diseases, Boston Scientific is expected to gradually regain market share in the overall PV market over time.
Throughout our research series, iData Research has extensively covered numerous countries, providing in-depth analysis and insights. Some of the countries we have focused on include:
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