Peripheral vascular diseases (PVD) are caused by the formation of atherosclerotic plaques in arteries, which carry blood to organs, limbs and head. It is also known as peripheral artery occlusive disease (PAOD) or peripheral artery disease (PAD) or peripheral obliterative arteriopathy.
As of 2022, the global Peripheral Vascular Devices Market is estimated to be valued at US$ 10,266.8 Million and is expected to exhibit a CAGR of 7.6% during the years (2022-2030)
Leading Companies in the Peripheral Vascular Devices Industry:
1) Boston Scientific Corporation
Boston Scientific Corporation is a biotechnology engineering firm that manufactures medical devices that are usually used in interventional medical specialties. The company is immensely known for developing the Taxus Stent, which is a type of drug used to open clogged arteries. Boston was founded in 1979 in Watertown, Massachusetts by John Abele and Peter Nicholas. The headquarters are located Marlborough, Massachusetts
In June 2022, Boston announced its plans of acquiring M.I Tech Co. Ltd located in South Korea, for approximately US$ 230 Million.
2) Abbott Laboratories
Abbott Laboratories is a medical device and health care company based in America. It was founded in the year 1888 by Wallace Calvin Abbott. The headquarters are located in Abbott Park, Illinois, U.S. The company sells medical devices, branded generic medicines and nutritional products. Abbott’s products include MitraClip, FreeStyle Libre, Pedialyte, and Ensure.
In January 2022, the company introduced Lingo, which is a line of consumer bio wearable sensors known to collect a range of biological reading to optimize exercise and nutrition regimens.
3) Bayer AG