Peripheral Vascular Devices Market by Product, End Users

Description

List of Tables

The Peripheral Vascular Devices Market was valued at USD 16.24 billion in 2023, expected to reach USD 18.23 billion in 2024, and is projected to grow at a CAGR of 12.73%, to USD 37.58 billion by 2030.

Peripheral Vascular Devices (PVDs) encompass medical devices used to diagnose and treat blood vessel-related conditions outside the heart and brain, primarily in the peripheral circulatory system. These devices are essential in managing Peripheral Vascular Disease, which can lead to severe complications like blood clots or limb amputation. Applications include angioplasty, stenting, thrombectomy, and atherectomy, serving hospitals, specialty clinics, and ambulatory surgical centers. Factors propelling market growth include the rising prevalence of lifestyle-related diseases such as diabetes and obesity, an aging global population, and technological advancements in minimally invasive procedures. There's increasing demand for PVDs in emerging markets due to improved healthcare infrastructures and rising healthcare expenditures. Key opportunities lie in the development of drug-eluting devices and bioresorbable stents, which address limitations of current technologies, like restenosis and foreign body reactions. To seize these opportunities, companies should invest in innovative R&D and strategic partnerships. However, challenges like stringent regulatory approvals, high costs of advanced devices, and reimbursement issues can hinder market expansion. Competition from alternative therapies and the need for skilled healthcare professionals adds further complexity. Innovations should focus on enhancing device biocompatibility, reducing procedural risks, and improving patient outcomes through personalized medical devices. Companies should also explore hybrid technologies that integrate diagnostics with treatment. The nature of the PVD market is dynamic and competitive, driven by continuous advancements and evolving regulatory standards. Staying ahead necessitates keeping abreast of technological innovations, patient demographics, and healthcare policy changes. Emphasis on eco-friendly materials and cost-effective solutions could open new market segments. To drive business growth, engaging in proactive patient education campaigns and building robust distribution networks in emerging markets are vital strategies.

KEY MARKET STATISTICS
Base Year [2023]	USD 16.24 billion
Estimated Year [2024]	USD 18.23 billion
Forecast Year [2030]	USD 37.58 billion
CAGR (%)	12.73%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Peripheral Vascular Devices Market

The Peripheral Vascular Devices Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- The increasing prevalence of peripheral vascular diseases associated with obesity, diabetes, and hypertension
- Increasing demand for minimally invasive treatment options
- Emerging worldwide geriatric population
Market Restraints
- High cost associated with placement and maintenance of device
Market Opportunities
- Growing technological advancement in the peripheral vascular devices
- Rising use of peripheral vascular devices among pediatrics patients
Market Challenges
- Stringent regulations and rising number of product recalls

Porter's Five Forces: A Strategic Tool for Navigating the Peripheral Vascular Devices Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Peripheral Vascular Devices Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Peripheral Vascular Devices Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Peripheral Vascular Devices Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Peripheral Vascular Devices Market

A detailed market share analysis in the Peripheral Vascular Devices Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Peripheral Vascular Devices Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Peripheral Vascular Devices Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Peripheral Vascular Devices Market

A strategic analysis of the Peripheral Vascular Devices Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Peripheral Vascular Devices Market, highlighting leading vendors and their innovative profiles. These include Amecath, AngioDynamics, Inc., Argon Medical Devices, Inc., B. Braun SE, Baxter International Inc., Becton, Dickinson and Company, Cook Group Incorporated, Esaote S.p.A., Fresenius Medical Care AG & Co. KGaA, FUJIFILM Corporation, Kimal PLC, Lepu Medical Technology(Beijing)Co.,Ltd., Medtronic PLC, Nipro Corporation, and Siemens AG.

Market Segmentation & Coverage

This research report categorizes the Peripheral Vascular Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Angioplasty Balloons, Angioplasty Stents, Balloon Inflation Devices, Catheters, EVAR Stent Grafts, Guidewires, Hemodynamic Flow Alteration Devices, Inferior Vena Cava Filters, Introducer Sheaths, Plaque Modification Devices, and Vascular Closure Devices.
Based on End Users, market is studied across Hospitals and Speciality Clinics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-374DB5A063C3

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. The increasing prevalence of peripheral vascular diseases associated with obesity, diabetes, and hypertension
  - 5.1.1.2. Increasing demand for minimally invasive treatment options
  - 5.1.1.3. Emerging worldwide geriatric population
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with placement and maintenance of device
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological advancement in the peripheral vascular devices
  - 5.1.3.2. Rising use of peripheral vascular devices among pediatrics patients
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations and rising number of product recalls
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Peripheral Vascular Devices Market, by Product

6.1. Introduction
6.2. Angioplasty Balloons
6.3. Angioplasty Stents
6.4. Balloon Inflation Devices
6.5. Catheters
6.6. EVAR Stent Grafts
6.7. Guidewires
6.8. Hemodynamic Flow Alteration Devices
6.9. Inferior Vena Cava Filters
6.10. Introducer Sheaths
6.11. Plaque Modification Devices
6.12. Vascular Closure Devices

7. Peripheral Vascular Devices Market, by End Users

7.1. Introduction
7.2. Hospitals
7.3. Speciality Clinics

8. Americas Peripheral Vascular Devices Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Peripheral Vascular Devices Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Peripheral Vascular Devices Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Amecath
2. AngioDynamics, Inc.
3. Argon Medical Devices, Inc.
4. B. Braun SE
5. Baxter International Inc.
6. Becton, Dickinson and Company
7. Cook Group Incorporated
8. Esaote S.p.A.
9. Fresenius Medical Care AG & Co. KGaA
10. FUJIFILM Corporation
11. Kimal PLC
12. Lepu Medical Technology(Beijing)Co.,Ltd.
13. Medtronic PLC
14. Nipro Corporation
15. Siemens AG