Peripheral Interventions Market Size, Share, Growth Analysis, By Product(Catheters, Sheath), By Application(Venous Thromboembolism, Peripheral Artery Disease), By End-Use(Hospitals, Ambulatory Surgical Centres) - Industry Forecast 2024-2031

Global Peripheral Interventions Market size was valued at USD 8.68 billion in 2022 and is poised to grow from USD 9.42 billion in 2023 to USD 18.09 billion by 2031, growing at a CAGR of 8.50% during the forecast period (2024-2031).

The escalating prevalence of cardiovascular disorders (CVD) is becoming a major driver for demand in peripheral interventions, fueled by factors like hypertension, diabetes, obesity, smoking, and diets rich in carbohydrates contributing to various CVD types. This health concern has led to a proliferation of catheterization laboratories (cath labs) globally, especially in emerging markets, accompanied by a rise in healthcare professionals specializing in peripheral interventions, thus bolstering industry growth. Cath labs play a vital role in diagnosing and treating cardiovascular conditions, with their utilization increasing, particularly in developing nations, and the advent of hybrid cath labs marking a significant recent advancement. These hybrid facilities, adaptable for cardiac and peripheral interventions as well as neurological, electrophysiological, and other clinical procedures, are on the rise. Notably, India has seen a substantial increase in cath lab numbers, accompanied by a significant surge in peripheral intervention procedures, including angioplasties, consequently driving up global healthcare expenditure. With a projected continued rise in demand for these procedures, the expansion of specialized experts and catheterization laboratories is expected to further propel industry growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Peripheral Interventions Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Peripheral Interventions Market Segmental Analysis

The global peripheral interventions market is segmented on the basis of product, application, end-use, and region. By product, the market is segmented into catheters, sheath, stents, bare-metal stents, drug-eluting stents, guide wires, atherectomy devices, embolic devices, thrombectomy devices, IVC filters and others. By application, the market is segmented into venous thromboembolism, peripheral artery disease and others. By end-use, the market is segmented into hospitals, ambulatory surgical centers, catheterization laboratories and others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.

Drivers of the Global Peripheral Interventions Market

The increasing frequency of cardiovascular disorders, encompassing conditions like peripheral artery disease (PAD), is fueling the demand for solutions targeting peripheral health. This surge in cardiovascular issues is mainly linked to risk factors such as hypertension, diabetes, obesity, and a sedentary lifestyle.

Restraints in the Global Peripheral Interventions Market

Limited market accessibility stems from the high costs associated with peripheral intervention treatments for certain individuals, potentially hindering access to essential care, particularly in affluent regions with expensive healthcare systems.

Market Trends of the Global Peripheral Interventions Market

The rising demand for invasive interventional treatments, including cardiac, vascular, neurological, and electrophysiological procedures, is driving the growth of hybrid catheterization labs, which are becoming increasingly popular. This expanding market is fueled by the versatility and adaptability of these facilities.