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Peripheral Vascular Devices Market Analysis & Forecast: 2025-2032

Peripheral Vascular Devices Market, By Product Type (Peripheral Vascular Stents, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Others), By End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jun 2025
  • Code : CMI391
  • Pages :185
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Peripheral Vascular Devices Market Analysis & Forecast: 2025-2032

Global Peripheral Vascular Devices Market size is estimated to be valued at USD 13.51 Bn in 2025 and is expected to reach USD 21.00 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032.

Peripheral Vascular Devices Market Key Factors

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Key Takeaways

  • By Product Type, the Peripheral Vascular Stents segment is projected to lead the global peripheral vascular devices market with a 25.7% share in 2025, driven by rising demand for minimally invasive revascularization procedures and superior long-term patency outcomes.
  • By End User, the Hospitals segment is expected to dominate the market with a 48.1% share in 2025, owing to the high volume of PAD-related interventions and the availability of advanced imaging and vascular care infrastructure.
  • By Region, North America is forecasted to maintain the largest market share at 45.3% in 2025, supported by strong reimbursement frameworks, growing prevalence of peripheral artery disease, and continued technological innovation from major industry players.

Market Overview

Global Peripheral Vascular Devices Market is expected to witness positive growth over the forecast period due to rising geriatric population globally which are more prone to developing peripheral artery diseases (PAD). Moreover, increasing prevalence of lifestyle diseases such as diabetes and obesity are also contributing to the high risk of peripheral vascular disorders. Growing adoption of minimally invasive endovascular procedures over complex open surgeries boosts demand for peripheral vascular devices. However, high costs associated with peripheral vascular devices may hamper market growth to a certain extent over the coming years.

Current Events and Its Impact

Event

Description and Impact

Technological Advancements and Product Launches

  • Description: FDA clearance of Instylla's Tembo Embolic System (Jan 2025). For instance, In January 2025, Instylla’s Tembo Embolic System received FDA clearance, prompting several hospitals to pilot its use as a bioresorbable alternative in vascular embolization.
  • Impact: Expands treatment options for peripheral embolization, increasing adoption of bioresorbable embolics and intensifying competition in embolization devices.
  • Description: U.S. launch of MicroVention's LVIS EVO stent (June 2024). For instance, Since its June 2024 launch, MicroVention's LVIS EVO stent has been adopted by over 100 U.S. neurovascular centers, spurring new R&D partnerships in stent innovation.
  • Impact: Enhances complex vascular condition treatments, driving U.S. stent segment growth and catalyzing further R&D investments

Geopolitical Trade Policy Shifts

  • Description: U.S. tariff increases on Chinese medical devices (May 2024). For instance, Following the May 2024 tariff hike, U.S. firms like Becton Dickinson announced plans to expand domestic syringe manufacturing to mitigate rising import costs.
  • Impact: 50% tariffs on syringes/needles and 25% on respirators/gloves elevate import costs, disrupting supply chains and accelerating domestic reshoring.
  • Description: EU restrictions on Chinese medical device procurement (June 2025). For instance, In 2025, Siemens Healthineers reported a 12% increase in tender wins across Europe, following the EU’s enforcement of restrictions on Chinese medical suppliers.
  • Impact: Excludes Chinese firms from EU tenders >€5M and enforces 50% market share cap, reducing competition and creating openings for U.S./EU firms.

Clinical Trial Advancements

  • Description: BD's AGILITY study initiation (March 2024). For instance, BD launched its AGILITY trial in March 2024 to evaluate stent performance in PAD patients, with early enrollment indicating strong clinician interest in next-gen stent therapies.
  • Impact: Global trial (315 patients) could set new PAD treatment benchmarks by 2027, potentially increasing adoption of covered stents.
  • Description: Abbott's Esprit BTK System FDA approval (April 2024). For instance, After FDA approval in April 2024, Abbott’s Esprit BTK System began rollout across U.S. vascular centers, targeting patients with severe limb ischemia who previously lacked viable scaffold options.
  • Impact: Novel drug-eluting scaffold for CLTI may broaden the patient pool and unlock $2B+ in revenue potential by 2030

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Pipeline Analysis

The peripheral vascular devices pipeline is advancing rapidly, focusing on drug-eluting technologies, bioresorbable scaffolds, and next-gen delivery systems. In late-stage trials, Becton Dickinson's Lutonix 035 DCB and Medtronic’s IN.PACT Admiral DCB target complex and below-the-knee lesions. Boston Scientific's Eluvia Stent and Cook Medical’s Zilver PTX are undergoing extended follow-up studies.

In Phase II, Abbott’s Absorb BVS 1.1 and Biotronik’s DREAMS 3G lead bioresorbable scaffold trials, while Boston Scientific’s Ranger DCB and QT Vascular’s Chocolate Touch DCB explore broader use cases. Bentley’s BeGraft Stent Graft targets complex disease.

Early-stage devices include Selution SLR and MagicTouch PTA (sirolimus DCBs), Magnitude and Fantom Encore bioresorbable stents, and Boston Scientific’s Jetstream Navitus. Avinger’s Avenger Catheter focuses on real-time imaging and lesion crossing.

Preclinical innovations involve nano-coated balloons, gene-eluting stents, and AI-guided navigation tools. Key players like Medtronic, Boston Scientific, Abbott, and BD are driving this innovation, with strong R&D pipelines aimed at improving outcomes in complex PAD cases.

Patent Landscape

The peripheral vascular devices market exhibits a dynamic and competitive patent landscape, driven by continuous innovation in drug delivery, stent design, and scaffold technology. As of 2025, over 300 active patents globally relate to drug-coated balloons (DCBs), drug-eluting stents (DES), and bioresorbable scaffolds. Leading companies such as Boston Scientific, Medtronic, Abbott, and Becton Dickinson have significantly expanded their intellectual property portfolios, focusing on polymer coatings, controlled drug release mechanisms, and flexible scaffold structures.

Notably, Boston Scientific has secured recent patents for advanced balloon-expandable delivery systems, while Medtronic holds a strong position in drug-layering technologies. Patent filings from Asia-Pacific innovators—particularly in China and India—are rising, reflecting growing R&D capabilities and market ambitions in these regions.

Several first-generation stent patents are approaching expiry, encouraging the emergence of generic device manufacturers, particularly in cost-sensitive markets. Meanwhile, academic institutions and medtech startups are exploring novel IP areas such as gene-eluting stents and AI-integrated intervention systems.

Overall, the patent ecosystem is shifting toward next-generation platforms that emphasize biocompatibility, durability, and procedural precision, shaping long-term market differentiation and competitive advantage.

Reimbursement Scenario

The global reimbursement landscape for peripheral vascular devices is diverse and deeply influences market access, pricing strategies, and device adoption. In established markets such as the United States, Europe, and Japan, reimbursement frameworks are well-defined, while emerging markets continue to evolve their policies.

In the U.S., reimbursement is driven by CPT and HCPCS codes covering angioplasty (e.g., 37220–37235), stenting (37236–37239), and balloon catheters (C2617). Procedures are reimbursed under Diagnosis-Related Groups (DRGs) and Medicare, which supports around 64.3 million beneficiaries. Medicare covers ~80% of eligible procedures, while Medicare Advantage plans offer broader coverage (85–95%) but often require prior authorization.

Europe follows country-specific systems under the EU MDR 2017/745. Agencies like NICE (UK), HAS (France), and G-BA (Germany) evaluate both clinical and economic aspects for device approval and reimbursement. HTAs play a pivotal role in market entry and pricing negotiations.

In Japan, the PMDA regulates reimbursement under its National Health Insurance, with fast-track programs like Sakigake for novel devices. Australia manages reimbursement through the Prostheses List and Medicare Benefits Schedule.

Globally, the push for value-based care and cost containment is prompting stricter coverage evaluations, highlighting the importance of real-world evidence and clinical value.

Prescribers’ Preference

Prescriber choices for peripheral vascular devices are increasingly shaped by disease severity, anatomical complexity, and the demand for minimally invasive solutions. The Rutherford classification system is widely used to guide treatment decisions. For early-stage PAD (Categories 0–1), conservative therapy and pharmacological management dominate. Device interventions become more common in moderate to severe claudication (Categories 2–3), often initiated with diagnostic angiography. In critical limb ischemia (Categories 4–6), 78% of clinicians prefer an endovascular-first approach, emphasizing revascularization.

Drug-coated balloons (DCBs) are highly favored for femoropopliteal and below-the-knee lesions. Top choices include Medtronic IN.PACT Admiral™, BD Lutonix™ 035, and Boston Scientific Ranger™. For stenting, Abbott Supera™ leads for complex lesions, Boston Scientific Eluvia™ for long segments, and Medtronic Complete SE™ for iliac arteries.

Atherectomy devices are used selectively. Boston Scientific SilverHawk™ and Medtronic HawkOne™ are preferred for directional plaque removal, while Diamondback 360°® is used for heavily calcified lesions.

When endovascular therapy fails, bypass surgery becomes the second-line option, particularly for long occlusions or unsuitable vessel anatomy. Overall, prescribers prioritize patency, procedural safety, and limb salvage outcomes in device selection.

Market Concentration and Competitive Landscape

Peripheral Vascular Devices Market Concentration By Players

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Increasing prevalence of cardiovascular diseases

Rising prevalence of cardiovascular diseases has emerged as a key driver bolstering growth of the peripheral vascular devices market. Cardiovascular diseases such as arteriosclerosis, peripheral artery disease (PAD), and other atherosclerotic conditions that obstruct blood circulation to limbs are increasingly common worldwide.

Growing geriatric population base has further added to the rising disease incidence given the increased susceptibility of cardiovascular disorders with advancing age. PAD is characterized by a blockage in arteries other than the heart, restricting blood flow to limbs. This has driven uptake of devices like angioplasty balloons, stents, embolic protection devices, atherectomy devices, and chronic total occlusion devices. The need for minimally invasive treatment options has further bolstered adoption.

Technological advances catalyzing market growth

Continual technological advancements are responsible for fueling demand for next-generation peripheral vascular devices. Strategic investments by device manufacturers towards the development of technologically superior products with enhanced efficacy, safety and cost-effectiveness have broadened the horizon for peripheral vascular procedures globally.

For instance, industry giants are focusing on nanotechnologies and bioabsorbable materials to develop drug-eluting stents, bioresorbable scaffolds, and other innovative stents. These novel product lines are delivering superior clinical outcomes and reducing complications arising from metal allergy as compared to conventional metallic stents.

Moreover, the advent of advanced imaging modalities like optical coherence tomography (OCT) has enabled improved visualization during procedures and assessment of the outcomes. OCT facilitates high-resolution, three-dimensional cross-sectional imaging to help physicians optimize device placement.

Market Opportunities: Growing demand for minimally invasive procedures

The increasing demand for procedures that are less invasive and allow for quicker recovery presents a major opportunity for companies in the peripheral vascular devices market. Over the past decade, there has been significant shift towards minimally invasive surgeries as patients prefer techniques that minimize incisions, scarring and pain while reducing recovery time. Procedures such as balloon angioplasty, stenting and catheter-based therapy have gained popularity as alternatives to open surgeries for conditions affecting arteries and veins.

Segmental Insights

Peripheral Vascular Devices Market By Product Type

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Global Peripheral Vascular Devices Market Insights, By Product Type

Product type segment is sub-segmented into peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, and others. Peripheral cardio vascular stents segment is anticipated to hold 25.7% of the market share in 2025. Peripheral artery disease, or PAD, affects people worldwide and causes decreased blood flow and impaired function in the legs.

 A large contributing factor to PAD's prevalence is the growing rates of risk factors like diabetes, smoking, obesity, and old age. When lifestyle changes and medication are insufficient to manage PAD symptoms, minimally invasive procedures using peripheral stents are often the standard of care. Stents are small expandable tubes that are placed inside narrowed or blocked arteries to help keep them open and improve blood flow. Compared to previous treatment methods, stents provide better and longer-lasting outcomes while reducing recovery times for patients.

Global Peripheral Vascular Devices Market Insights, By End User

End user segment is sub-segmented into hospitals, specialty clinics, ambulatory surgical centers, and others. Hospitals segment is estimated to contribute the highest share of the peripheral vascular devices market and is projected to hold 48.1% of the market share in 2025. Their centralized operating rooms, specialized clinical staff, and capacity for complex cases make hospitals the natural focal point for performing revascularization procedures.

Most patients with advanced PAD that require angioplasty, stenting, or surgical bypass end up undergoing their treatment in a hospital setting rather than ambulatory centers.

A major driver of hospital-based care is the rising prevalence of comorbidities among PAD patients. As more individuals live with diabetes, chronic kidney disease, and cardiac issues, their peripheral ischemia is often only one part of complex multi-system diseases. Hospitals can best manage comorbidity-related risks that may arise intra- or post-operatively.

Their added capacity for intensive post-op care also assures patients adequate monitoring as they recover. Reimbursement structures further motivate hospitals to serve as hubs for PAD care. Procedure volumes are important for maintaining reimbursement levels as hospital reimbursement shifts to value-based payment model.

Global Peripheral Vascular Devices Market - Regional Insights

Peripheral Vascular Devices Market By Regional Insights

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North America Peripheral Vascular Devices Market Analysis and Trends

North America is projected to dominate the global peripheral vascular devices market with an estimated 45.3% share in 2025, supported by a well-developed healthcare infrastructure and the strong presence of leading industry players. Major companies such as Medtronic, Boston Scientific, and Abbott Vascular—headquartered in the U.S.—invest significantly in R&D to introduce cutting-edge vascular technologies, reinforcing the region’s leadership.

Favorable reimbursement frameworks from both public and private payers facilitate the adoption of new devices, while relatively high procedure volumes and premium pricing further boost revenue generation. These factors collectively position North America as a critical hub for innovation, commercialization, and market growth.

Asia Pacific Peripheral Vascular Devices Market Analysis and Trends

Asia Pacific is rapidly emerging as the fastest-growing market for peripheral vascular devices, driven by a rising prevalence of peripheral artery disease and expanding healthcare access across key countries like China and India. In China, government initiatives such as Healthy China 2030 aim to modernize healthcare delivery and increase affordability, fostering broader adoption of advanced medical devices.

Global manufacturers are expanding their footprint in the region through local production and distribution networks, while domestic players are accelerating R&D investments. Despite challenges such as high import duties, growing foreign direct investment and expanding trade volumes indicate strong market potential and increasing international interest.

Dominating Countries in the Peripheral Vascular Devices Market

United States Peripheral Vascular Devices Market Analysis and Trends

The United States leads the global peripheral vascular devices market, supported by a robust healthcare system, strong clinical demand, and a high rate of device innovation. U.S.-based medical technology firms continually expand their portfolios through next-generation stents, catheters, and drug-coated balloons, backed by favorable FDA pathways and extensive payer coverage.

China Peripheral Vascular Devices Market Analysis and Trends

China plays a pivotal role in Asia Pacific’s market expansion, with rising disease prevalence and healthcare reforms driving demand for vascular interventions. Strategic government policies, expanding middle-class healthcare spending, and increased multinational investment are transforming China into both a consumption and manufacturing powerhouse for peripheral vascular devices.

Market Report Scope

Peripheral Vascular Devices Market Report Coverage

Report Coverage Details
Base Year: 2024 Market Size in 2025: USD 13.51 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 6.5% 2032 Value Projection: USD 21.00 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type: Peripheral Vascular Stents, Peripheral Transluminal Angioplasty Balloon Catheters, PTA Guidewires, Atherectomy Devices, Chronic Total Occlusion Devices, Aortic Stents, Synthetic Surgical Grafts, Others
  • By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others 
Companies covered:

Abbott Laboratories, Boston Scientific Corporation, Angioscore, Emboline Inc., Becton Dickinson and Company, Cook Group Inc., Cordis Corporation, Covidien PLC, Edward Lifesciences Corporation, Medtronic Plc, St. Jude Medical, Bayer AG., Teleflex Medical, Koninklijke Philips N.V., Cardio Flow, Inc.

Growth Drivers:
  • Increasing prevalence of cardiovascular diseases
  • Technological advances catalyzing market growth
Restraints & Challenges:
  • Stringent regulatory guidelines
  • Risk of post-operative complications

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Peripheral Vascular Devices Industry News

  • On March 04, 2024, BD (Becton, Dickinson and Company), a leading global medical technology company, announced the enrollment of the first patient in the "AGILITY" investigational device exemption (IDE) study, which will evaluate the safety and efficacy of the BD Vascular Covered Stent for the treatment of Peripheral Arterial Disease (PAD). The Vascular Covered Stent under investigation is a nitinol implant encased in polytetrafluoroethylene that self-expands and is low profile.
  • On February 14, 2024, Efemoral Medical, a developer of advanced interventional bioresorbable therapies, announced that the U.S. Food & Drug Administration (FDA) had designated its novel Efemoral Vascular Scaffold System (EVSS) as a Breakthrough Device for the treatment of de novo or restenotic lesions of the infrapopliteal arteries in patients with Chronic Limb Threatening Ischemia (CLTI)
  • In March 2023, Shockwave Medical, Inc., a pioneer in the development of Intravascular Lithotripsy (IVL) to treat severely calcified cardiovascular disease, announced that the Shockwave L6 Peripheral IVL Catheter is now commercially available in the U.S., following U.S. FDA clearance. The Shockwave L6 catheter is designed to change calcification in major peripheral arterial lesions that would otherwise be difficult to treat, such as the iliac and common femoral arteries.
  • In February 2023, Abbott, a medical device company, signed a definitive agreement to acquire Cardiovascular Systems, Inc., a medical device company that manufactures innovative atherectomy system used to treat peripheral and coronary artery disease. CSI is a market leader in atherectomy devices, a minimally invasive therapy for plaque buildup in arteries that can limit blood flow. The use of atherectomy in the procedure can assist maximize the effects of traditional balloon angioplasty or stent therapies in restoring blood flow in complicated arterial disease.

Market Segmentation

  • Product Type
    • Peripheral Vascular Stents
    • Peripheral Transluminal Angioplasty Balloon Catheters
    • PTA Guidewires
    • Atherectomy Devices
    • Chronic Total Occlusion Devices
    • Aortic Stents
    • Synthetic Surgical Grafts
    • Others
  • End User
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers
    • Others
  • Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Company Profiles
    • Abbott Laboratories
    • Boston Scientific Corporation
    • Angioscore
    • Emboline Inc.
    • Becton Dickinson and Company
    • Cook Group Inc.
    • Cordis Corporation
    • Covidien PLC
    • Edward Lifesciences Corporation
    • Medtronic Plc
    • St. Jude Medical
    • Bayer AG.
    • Teleflex Medical
    • Koninklijke Philips N.V.
    • Cardio Flow, Inc.

Sources

Primary Research Interviews

  • Chief Medical Officers and Interventional Cardiologists from leading hospitals
  • Product Development Managers from peripheral vascular device manufacturers
  • Healthcare Technology Procurement Directors from hospital networks
  • Medical Device Distributors and Sales Representatives
  • Others

Databases

  • FDA Medical Device Database (510k Clearances and PMA Approvals)
  • WHO Global Health Observatory Data Repository
  • OECD Health Statistics Database
  • Medicare Provider Utilization and Payment Data
  • Others

Magazines

  • Medical Device and Diagnostic Industry (MD+DI)
  • Cardiovascular Business Magazine
  • Interventional Cardiology News
  • Medical Design & Outsourcing
  • Others

Journals

  • Journal of Vascular Surgery
  • Cardiovascular and Interventional Radiology
  • Journal of Endovascular Therapy
  • Others

Newspapers

  • The Wall Street Journal (Healthcare Section)
  • Financial Times (Medical Technology Coverage)
  • Reuters Health News
  • Bloomberg Healthcare
  • Others

Associations

  • Society for Cardiovascular Angiography and Interventions (SCAI)
  • Society of Interventional Radiology (SIR)
  • American College of Cardiology (ACC)
  • European Society of Cardiology (ESC)
  • Others

Public Domain Sources

  • Centers for Medicare & Medicaid Services (CMS) Reports
  • National Institutes of Health (NIH) Publications
  • European Medicines Agency (EMA) Public Assessment Reports
  • World Health Organization Technical Reports
  • Others

Proprietary Elements

  • CMI Data Analytics Tool
  • Proprietary CMI Existing Repository of information for last 8 years

*Definition: Peripheral Vascular Devices Market includes medical devices that are used for diagnosis and treatment of peripheral vascular diseases. Some key products in this market are peripheral stents, inferior vena cava filters, angioplasty balloons, angioplasty guidewires, atherectomy devices, venous stents, embolic protection devices, etc. These devices are used by interventional cardiologists and vascular surgeons to open blocked arteries and veins, treat aneurysms, repair damaged vessels, and address other peripheral diseases.

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About Author

Komal Dighe is a Management Consultant with over 8 years of experience in market research and consulting. She excels in managing and delivering high-quality insights and solutions in Health-tech Consulting reports. Her expertise encompasses conducting both primary and secondary research, effectively addressing client requirements, and excelling in market estimation and forecast. Her comprehensive approach ensures that clients receive thorough and accurate analyses, enabling them to make informed decisions and capitalize on market opportunities.

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Frequently Asked Questions

The Peripheral Vascular Devices Market size is estimated to be valued at USD 13.51 Bn in 2025, and is expected to reach USD 21.00 Bn by 2032.

The CAGR of the global Market is projected to be 6.5% from 2025 to 2032.

Increasing prevalence of cardiovascular diseases and technological advances catalyzing market growth are the major factor driving the growth of global peripheral vascular devices industry.

Stringent regulatory guidelines and risk of post-operative complications are the major factor hampering the growth of global peripheral vascular devices industry.

In terms of product type, peripheral vascular stents segment is estimated to dominate the market in 2025.

Abbott Laboratories, Boston Scientific Corporation, Angioscore, Emboline Inc., Becton Dickinson and Company, Cook Group Inc., Cordis Corporation, Covidien PLC, Edward Lifesciences Corporation, Medtronic Plc, St. Jude Medical, Bayer AG., Teleflex Medical, Koninklijke Philips N.V., Cardio Flow, Inc. are the major players.

North America is expected to lead the global peripheral vascular devices industry.
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