Peripheral Vascular Devices Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

Peripheral vascular disease (PVD), also known as arteriosclerosis obliterans, arterial insufficiency of the legs, claudication, or intermittent claudication is a blood circulation disorder that results in the narrowing of blood vessels outside the heart and the brain. It can also block the blood vessels altogether. Peripheral vascular disease can occur in the veins or arteries. The disease usually causes fatigue and pain, often in the legs, and particularly during strenuous physical activities, which usually subsides with rest. PVD can affect the vessels that supply oxygen and blood to arms, kidneys, intestines and stomach. In peripheral vascular disease, blood vessels are narrowed and flow of blood decreases. This can happen due to arteriosclerosis (hardening of the arteries), or it can be caused by spasms in the blood vessel. In case of arteriosclerosis, plaques build up in a blood vessel and hamper the flow of blood and oxygen to the limbs and other organs. As the plaque growth progresses, the artery can get completely blocked due to the formation of clot in the vessels. If left untreated, his phenomenon can result into organ damage, loss of fingers, toes, or limbs. PAD or Peripheral arterial disease is a type of peripheral vascular disease that develops only in the arteries (blood vessels carrying oxygen-rich blood from the heart to the other parts of the body). According to the Center for Disease Control and Prevention, around 12 to 20 percent of the population over the age of 60 developed PAD, in 2016. Peripheral arterial disease is the most common form of peripheral vascular disease

The number of patients with peripheral artery disease is increasing at a steady rate throughout the world and hence the peripheral vascular devices market is likely to grow at substantial rate over the forecast period. The global market of peripheral vascular devices is likely to be driven by the increasing demand for minimum invasive procedures, rise of PVD, change in the lifestyle and increase in the geriatric population coupled with the technological innovations towards the development of new devices. Nonetheless, the market growth is likely to be hindered by strict regulatory framework as well as the complexities associated with the management and treatment of peripheral vascular diseases.

Peripheral vascular devices market Taxonomy

On the basis of product type, the global market is classified into:

  • Angioplasty Balloons
  • Embolic Protection Devices
  • Stents
  • Inferior Vena Cava Filters
  • Synthetic Surgical Grafts
  • Aortic Stent Grafts
  • Peripheral Vascular Accessory Devices
  • Vascular Closure Devices
  • PTA Balloon Catheters
  • Chronic Total Occlusion (CTO) Devices

North America held the maximum share in the global peripheral vascular devices market. The dominance of this region is owing to the high adoption of minimally invasive surgeries, high healthcare expenditure as well as patient awareness, among others. Asia Pacific is likely to grow at maximum rate over the forecast period. Presence of a large patient pool with unmet medical need is anticipated to be a major driver for growth of the market in this region. Improving healthcare scenario in the emerging economies of India, and China, among others coupled with the growing GDP of these countries and increased government initiative are some of the other factors that will aid the growth of the peripheral vascular devices market in this region.

High growth of geriatric population and changing lifestyle will drive the overall peripheral vascular devices market

Rise in global geriatric population base have lead to higher incidence rates of end diseases, widespread presence of both public and private funding programs, change in lifestyle and food habits are likely to fuel the growth of the peripheral vascular devices industry during the forecast period. Additionally, presence of unexploited growth opportunities in the emerging markets such as China, India, and Brazil coupled with rising health awareness among the population are also projected to boost the market in the coming years.

The rising utilization of bio-absorbable stents coupled with the increase in health awareness and growing disposable incomes some of the market opportunities for the manufacturers. Nonetheless, the costs of the procedures particularly in the developing countries and product failures are some key challenges that will be faced by the vendors. Some of the major companies operating in the global peripheral vascular devices market are Abbot Laboratories, Boston Scientific Corporation, Angioscore, Emboline INC, and Bayer AG, among many others.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.