United States of America, 10-July-2025 – The Insight Partners has released its latest in-depth market research report titled “Peripheral Vascular Devices Market Forecast to 2031 – Global Growth Trends and Strategic Analysis.” This comprehensive report outlines key developments, technological advancements, and growth opportunities shaping the future of the peripheral vascular devices industry worldwide.
Market Overview
The peripheral vascular devices market is witnessing steady growth due to the rising prevalence of peripheral artery disease (PAD), increasing geriatric population, and advancements in minimally invasive procedures. These devices play a crucial role in the diagnosis and treatment of vascular conditions affecting blood vessels outside of the heart and brain.
Technological innovation, coupled with strong demand for less invasive treatments, is driving global adoption across hospitals, specialty clinics, and ambulatory surgical centers. Moreover, increasing awareness of vascular disorders and improved healthcare infrastructure are supporting market expansion in both developed and emerging economies.
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Market Size and Forecast
The global peripheral vascular devices market was valued at US$ 9.8 billion in 2023 and is projected to reach US$ 15.2 billion by 2031, growing at a CAGR of 5.7% from 2023 to 2031. The market is set to benefit from rising interventional procedures, reimbursement policies, and product innovations.
Key Market Drivers
1. Increasing Incidence of Peripheral Artery Disease and Diabetes
2. Advancement in Imaging and Endovascular Technology
3. Rising Geriatric Population Worldwide
4. Growing Demand for Minimally Invasive Surgeries
5. Favorable Government Initiatives and Reimbursement Policies
Market Segmentation
By Product Type
· Angioplasty Balloons
· Angioplasty Stents
· Catheters
· Plaque Modification Devices
· Hemodynamic Flow Alteration Devices
· Accessories
By End User
· Hospitals & Clinics
· Ambulatory Surgical Centers
· Specialty Care Facilities
By Region
· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East & Africa
Emerging Trends
· Drug-Coated and Bioabsorbable Stents: Enhancing treatment outcomes and reducing restenosis rates
· Integration of AI and Imaging: Improving vascular diagnostics and precision interventions
· Rise of Outpatient Vascular Procedures: Fueling demand for portable and catheter-based devices
· Growth in Telemedicine and Remote Monitoring: Supporting post-procedure care and early detection
Regional Insights
· North America dominates the market due to high awareness, advanced healthcare facilities, and rapid adoption of innovative medical technologies.
· Europe follows closely, benefiting from an aging population and increasing vascular screening programs.
· Asia-Pacific is expected to witness the fastest growth owing to increasing healthcare investments, expanding medical tourism, and a growing patient base in India and China.
Key Players
· Medtronic plc
· Abbott Laboratories
· Boston Scientific Corporation
· Becton, Dickinson and Company (BD)
· Terumo Corporation
· Cardinal Health
· Cook Medical
· B. Braun Melsungen AG
· Philips Healthcare
· Biotronik SE & Co. KG
These players are focusing on product development, regulatory approvals, and strategic mergers to strengthen their global presence and diversify their peripheral vascular portfolios.
Growth Opportunities
· Expansion into Emerging Markets
· Development of Smart Vascular Devices with Real-Time Feedback
· Collaborations with Research Institutions and Startups
· Focus on Preventive Care and Early Screening Programs
· Customization of Devices for Region-Specific Vascular Needs
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Conclusion
The Peripheral Vascular Devices Market is poised for sustained growth through 2031, driven by the rising global burden of vascular diseases, a shift toward minimally invasive treatments, and continuous technological advancement. This report by The Insight Partners provides strategic insights and data to help stakeholders capitalize on new opportunities and navigate the competitive landscape of the global vascular device market.
About The Insight Partners
The Insight Partners is a globally recognized market research and consulting firm. We specialize in delivering high-quality, actionable insights to clients across healthcare, technology, and industrial sectors, helping them achieve long-term growth through data-driven decision-making.
