Global Peripheral Arterial Interventional Devices Market Size Booming at CAGR of 8.12% to Touch USD 14.36 Billion by 2030

Published | 12 April 2024

Global Peripheral Arterial Interventional Devices Market is flourishing due to the rising prevalence of peripheral arterial diseases (PADs), growing geriatric population, increased awareness about PADs, and favorable reimbursement policies.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Peripheral Arterial Interventional Devices Market size at USD 8.27 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Peripheral Arterial Interventional Devices Market size to expand at a CAGR of 8.12% reaching a value of USD 14.36 billion by 2030. The Global Peripheral Arterial Interventional Devices Market is propelled by the rising demand for peripheral arterial interventional devices, particularly in lower limbs, renal artery, and carotid artery applications worldwide. The growing prevalence of peripheral arterial diseases (PADs), commonly linked with aging and poor lifestyle choices, fuels the need for interventional devices. Also, continuous progress in the design, materials, and imaging technologies of devices plays a vital role in enhancing the efficacy and minimally invasive nature of peripheral arterial intervention procedures. Notably, the trend towards an aging population heightens the probability of individuals needing treatment for PADs. These trends are expected to boost the expansion of the Global Peripheral Arterial Interventional Devices Market during the period in analysis.

Opportunities – Increasing adoption of advancements in technology

Technological advancements in treating peripheral arterial diseases (PADs) emphasize minimally invasive endovascular techniques like angioplasty and atherectomy over bypass surgeries. Atherectomy and balloon angioplasty with stenting are key treatments. Critical Limb Ischemia (CLI), a severe form of PAD, affects a significant global population, driving acceptance of endovascular therapies as primary treatment. Advances like paclitaxel-eluting stents and intravascular lithotripsy improve therapy outcomes. With an aging population and increasing cardiovascular disease prevalence, demand for peripheral vascular devices rises, boosted further by ongoing technological innovations, promising a positive impact on sales.

Impact of Escalating Geopolitical Tensions on Global Peripheral Arterial Interventional Devices Market

Escalating geopolitical tensions pose significant challenges to the Global Peripheral Arterial Interventional Devices Market. Heightened political instability disrupts supply chains, leading to delays in device manufacturing and distribution. Trade restrictions and sanctions imposed between countries further exacerbate these challenges, hindering market accessibility and increasing costs. Additionally, geopolitical uncertainties often dampen investor confidence, resulting in reduced funding for research and development initiatives within the medical device sector. Such instabilities create an atmosphere of unpredictability, deterring potential market expansion and impeding the ability of companies to navigate regulatory landscapes effectively. Overall, escalating geopolitical tensions present formidable obstacles to the growth and stability of the global peripheral arterial interventional devices market.

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Global Peripheral Arterial Interventional Devices Market 

Segmental Information 

Global Peripheral Arterial Interventional Devices Market – By Region

The in-depth research report on the Global Peripheral Arterial Interventional Devices Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific region holds the highest share in the Global Peripheral Arterial Interventional Devices Market and is expected to maintain its dominance in the Global Peripheral Arterial Interventional Devices Market over the forecast period. The region’s leadership position in the market is attributed to the rising elderly population across its major economies, which is contributing to an increased burden of diseases. Moreover, the escalating healthcare expenditure is facilitating the establishment of advanced healthcare facilities, thereby driving up procedural volumes. Growing awareness about non-invasive treatment options and the adoption of advanced technologies are further fueling the demand for peripheral intervention products. Notably, the active involvement of key market players in product development and market entry strategies is crucial in driving growth in the Asia Pacific region.

Competitive Landscape

The Global Peripheral Arterial Interventional Devices Market is fragmented, with numerous players serving the market. The key players dominating the Global Peripheral Arterial Interventional Devices Market include Boston Scientific Corporation, Abbott Laboratories, Medtronic PLC, Terumo Corporation, Siemens Healthineers AG, Stryker Corporation, Cook Medical, Cordis Corporation, B. Braun Melsungen AG, Gore Medical, LeMaitre Vascular, and TriVascular Technologies Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the Global Peripheral Arterial Interventional Devices Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Peripheral Arterial Interventional Devices Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Peripheral Arterial Interventional Devices Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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