Report Detail
Global Peripheral vascular device Market Report 2018-2029
- RnM3875581 |
- 22 August, 2023 |
- Global |
- 139 Pages |
- HJResearch |
- Medical Devices & Consumables
The Peripheral Vascular Device industry plays a vital role in the diagnosis and treatment of various peripheral vascular diseases. These devices are designed to address conditions affecting the blood vessels outside the heart and brain, including arteries and veins in the limbs, pelvis, and abdomen. With a projected global market size of US$6,598 million in 2022 and a compound annual growth rate of 7.4%, the Peripheral Vascular Device industry is experiencing significant growth and presents promising prospects for the future.
Definition and Use:
Peripheral Vascular Devices are medical devices used for the diagnosis, treatment, and management of peripheral vascular diseases. These devices encompass a wide range of products, including stents, catheters, angioplasty balloons, atherectomy devices, vascular closure devices, and others. They are primarily utilized in both male and female patients to restore blood flow, treat arterial blockages, and manage peripheral vascular conditions such as peripheral artery disease (PAD), deep vein thrombosis (DVT), and varicose veins.
Industry Status:
The global Peripheral Vascular Device market is expected to reach a value of US$6,598 million in 2022. Several factors contribute to the growth and advancement of this industry.
The increasing prevalence of peripheral vascular diseases, driven by factors such as sedentary lifestyles, aging populations, and the rising incidence of diabetes and obesity, fuels the demand for peripheral vascular devices. Additionally, advancements in technology and medical research have resulted in improved device designs, enhanced efficacy, and reduced procedural risks, further driving market growth.
Major Manufacturers:
The Peripheral Vascular Device industry is characterized by the presence of several global manufacturers committed to innovation, quality, and patient care. Key players in this market include Abbott Vascular, Bayer Healthcare, Volcano Corporation, and Teleflex Medical. These manufacturers invest significantly in research and development to develop cutting-edge products. They collaborate with healthcare professionals and institutions to ensure their devices meet the specific requirements of peripheral vascular procedures.
Prospects and Opportunities:
The Peripheral Vascular Device industry presents significant prospects for further growth and advancements in the coming years.
Technological Advancements: Ongoing research and development efforts focus on improving device technologies, including stent designs, drug-eluting technologies, and imaging-guided interventions. These advancements enhance procedural outcomes, minimize complications, and improve patient care.
Growing Patient Population: The increasing prevalence of peripheral vascular diseases, particularly among elderly individuals, is expected to drive the demand for peripheral vascular devices. The aging population worldwide contributes to a higher incidence of conditions such as PAD, fueling market growth.
Emerging Markets: Developing regions offer untapped opportunities for growth in the peripheral vascular device market. Improving healthcare infrastructure, rising disposable incomes, and increasing awareness of peripheral vascular diseases contribute to the expansion of these markets. Expansion into these regions can open new avenues for manufacturers.
Collaboration and Partnerships: Manufacturers can collaborate with healthcare professionals, research institutions, and regulatory bodies to promote innovation, streamline product development processes, and ensure adherence to quality standards. Such partnerships can lead to the development of novel technologies and facilitate efficient market entry.
Rising Demand for Minimally Invasive Procedures: The growing preference for minimally invasive procedures drives the adoption of peripheral vascular devices. These procedures offer benefits such as quicker recovery times, reduced hospital stays, and improved patient comfort. Manufacturers can capitalize on this trend by developing innovative devices that enable safer and more effective minimally invasive interventions.
Conclusion:
The Peripheral Vascular Device industry plays a crucial role in diagnosing and treating peripheral vascular diseases, with a projected market size of US$6,598 million in 2022. Advancements in technology, coupled with the rising prevalence of peripheral vascular diseases, drive the demand for these devices.
Leading manufacturers such as Abbott Vascular, Bayer Healthcare, Volcano Corporation, and Teleflex Medical contribute to innovation and offer a wide range of high-quality peripheral vascular devices. Technological advancements, a growing patient population, emerging markets, collaboration initiatives, and the rising demand for minimally invasive procedures provide significant growth opportunities for the industry.
By investing in research and development, expanding into new markets, and fostering collaborations, the Peripheral Vascular Device industry can continue to advance patient care, improve outcomes, and effectively address the evolving challenges associated with peripheral vascular diseases.
The SWOT analysis of the Peripheral vascular device industry is as follows:
Strengths:
Growing Market Demand: The Peripheral Vascular Device industry is witnessing increasing demand due to the rising prevalence of peripheral vascular diseases worldwide. This presents a significant opportunity for manufacturers to expand their market share and revenue.
Technological Advancements: The industry benefits from continuous advancements in technology, leading to the development of innovative devices. These technological advancements improve the efficacy, safety, and outcomes of peripheral vascular procedures, giving manufacturers a competitive edge.
Established Global Players: The presence of well-established global manufacturers such as Abbott Vascular, Bayer Healthcare, Volcano Corporation, and Teleflex Medical provides stability and expertise within the industry. These companies possess strong brand recognition, extensive distribution networks, and robust research and development capabilities.
Weaknesses:
Regulatory Compliance: The Peripheral Vascular Device industry is subject to strict regulatory requirements and compliance standards. Adhering to these regulations can be time-consuming and costly, posing a challenge for manufacturers, especially smaller players entering the market.
High Research and Development Costs: Developing innovative peripheral vascular devices requires substantial investment in research and development. This can be a barrier to entry for smaller companies, limiting their ability to compete with larger manufacturers.
Opportunities:
Emerging Markets: The Peripheral Vascular Device market offers opportunities for growth in emerging markets, particularly in developing regions. Increasing healthcare infrastructure, rising disposable incomes, and growing awareness of peripheral vascular diseases contribute to the expansion of these markets.
Collaborations and Partnerships: Collaboration between manufacturers and healthcare professionals, research institutions, and regulatory bodies can foster innovation and expedite product development processes. Such partnerships can lead to the development of new technologies and facilitate market entry.
Threats:
Intense Competition: The Peripheral Vascular Device industry is highly competitive, with numerous global and regional players vying for market share. Intense competition can result in price wars, reduced profit margins, and increased pressure on manufacturers to innovate and differentiate their products.
Economic Factors: Fluctuations in the global economy, exchange rates, and healthcare spending can impact the demand for peripheral vascular devices. Economic downturns may lead to reduced healthcare budgets and delayed or canceled procedures, affecting the industry's growth.
Stringent Regulatory Environment: Evolving regulations and compliance standards pose a threat to the industry. Manufacturers must stay updated with changing regulatory requirements to ensure timely market approvals for their devices.
Key players in global Peripheral vascular device market include:
Abbott Vascular
Bayer Healthcare
Volcano Corporation
Teleflex Medical
Market segmentation, by product types:
Peripheral stents grafts
Angioplasty catheters
Peripheral guidewires
Vena cava filters
Embolic projection devices
PTA balloons
Peripheral venous thrombectomy device
Market segmentation, by applications:
Male Patient
Female Patient
1 Industry Overview of Peripheral vascular device
- 1.1 Research Scope
- 1.2 Market Segmentation by Types of Peripheral vascular device
- 1.3 Market Segmentation by End Users of Peripheral vascular device
- 1.4 Market Dynamics Analysis of Peripheral vascular device
- 1.4.1 Market Drivers
- 1.4.2 Market Challenges
- 1.4.3 Market Opportunities
- 1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Peripheral vascular device Industry
- 2.1 Abbott Vascular
- 2.1.1 Company Overview
- 2.1.2 Main Products and Specifications
- 2.1.3 Peripheral vascular device Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.1.4 Contact Information
- 2.2 Bayer Healthcare
- 2.2.1 Company Overview
- 2.2.2 Main Products and Specifications
- 2.2.3 Peripheral vascular device Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.2.4 Contact Information
- 2.3 Volcano Corporation
- 2.3.1 Company Overview
- 2.3.2 Main Products and Specifications
- 2.3.3 Peripheral vascular device Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.3.4 Contact Information
- 2.4 Teleflex Medical
- 2.4.1 Company Overview
- 2.4.2 Main Products and Specifications
- 2.4.3 Peripheral vascular device Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.4.4 Contact Information
3 Global Peripheral vascular device Market Analysis by Regions, Manufacturers, Types and End Users
- 3.1 Global Sales Volume and Revenue of Peripheral vascular device by Regions (2018-2023)
- 3.2 Global Sales Volume and Revenue of Peripheral vascular device by Manufacturers (2018-2023)
- 3.3 Global Sales Volume and Revenue of Peripheral vascular device by Types (2018-2023)
- 3.4 Global Sales Volume and Revenue of Peripheral vascular device by End Users (2018-2023)
- 3.5 Selling Price Analysis of Peripheral vascular device by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Peripheral vascular device Market Analysis by Countries, Types and End Users
- 4.1 Northern America Peripheral vascular device Sales Volume and Revenue Analysis by Countries (2018-2023)
- 4.2 Northern America Peripheral vascular device Sales Volume and Revenue Analysis by Types (2018-2023)
- 4.3 Northern America Peripheral vascular device Sales Volume and Revenue Analysis by End Users (2018-2023)
- 4.4 United States Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 4.5 Canada Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Peripheral vascular device Market Analysis by Countries, Types and End Users
- 5.1 Europe Peripheral vascular device Sales Volume and Revenue Analysis by Countries (2018-2023)
- 5.2 Europe Peripheral vascular device Sales Volume and Revenue Analysis by Types (2018-2023)
- 5.3 Europe Peripheral vascular device Sales Volume and Revenue Analysis by End Users (2018-2023)
- 5.4 Germany Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.5 France Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.6 UK Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.7 Italy Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.8 Russia Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.9 Spain Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.10 Netherlands Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Peripheral vascular device Market Analysis by Countries, Types and End Users
- 6.1 Asia Pacific Peripheral vascular device Sales Volume and Revenue Analysis by Countries (2018-2023)
- 6.2 Asia Pacific Peripheral vascular device Sales Volume and Revenue Analysis by Types (2018-2023)
- 6.3 Asia Pacific Peripheral vascular device Sales Volume and Revenue Analysis by End Users (2018-2023)
- 6.4 China Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.5 Japan Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.6 Korea Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.7 India Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.8 Australia Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.9 Indonesia Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.10 Vietnam Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Peripheral vascular device Market Analysis by Countries, Types and End Users
- 7.1 Latin America Peripheral vascular device Sales Volume and Revenue Analysis by Countries (2018-2023)
- 7.2 Latin America Peripheral vascular device Sales Volume and Revenue Analysis by Types (2018-2023)
- 7.3 Latin America Peripheral vascular device Sales Volume and Revenue Analysis by End Users (2018-2023)
- 7.4 Brazil Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.5 Mexico Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.6 Argentina Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.7 Colombia Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Peripheral vascular device Market Analysis by Countries, Types and End Users
- 8.1 Middle East & Africa Peripheral vascular device Sales Volume and Revenue Analysis by Countries (2018-2023)
- 8.2 Middle East & Africa Peripheral vascular device Sales Volume and Revenue Analysis by Types (2018-2023)
- 8.3 Middle East & Africa Peripheral vascular device Sales Volume and Revenue Analysis by End Users (2018-2023)
- 8.4 Turkey Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.5 Saudi Arabia Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.6 South Africa Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.7 Egypt Peripheral vascular device Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
- 9.1 Marketing Channel
- 9.1.1 Direct Channel
- 9.1.2 Indirect Channel
- 9.2 Distributors and Traders
10 Global Peripheral vascular device Market Forecast by Regions, Countries, Manufacturers, Types and End Users
- 10.1 Global Sales Volume and Revenue Forecast of Peripheral vascular device by Regions (2024-2029)
- 10.2 Global Sales Volume and Revenue Forecast of Peripheral vascular device by Types (2024-2029)
- 10.3 Global Sales Volume and Revenue Forecast of Peripheral vascular device by End Users (2024-2029)
- 10.4 Global Revenue Forecast of Peripheral vascular device by Countries (2024-2029)
- 10.4.1 United States Revenue Forecast (2024-2029)
- 10.4.2 Canada Revenue Forecast (2024-2029)
- 10.4.3 Germany Revenue Forecast (2024-2029)
- 10.4.4 France Revenue Forecast (2024-2029)
- 10.4.5 UK Revenue Forecast (2024-2029)
- 10.4.6 Italy Revenue Forecast (2024-2029)
- 10.4.7 Russia Revenue Forecast (2024-2029)
- 10.4.8 Spain Revenue Forecast (2024-2029)
- 10.4.9 Netherlands Revenue Forecast (2024-2029)
- 10.4.10 China Revenue Forecast (2024-2029)
- 10.4.11 Japan Revenue Forecast (2024-2029)
- 10.4.12 Korea Revenue Forecast (2024-2029)
- 10.4.13 India Revenue Forecast (2024-2029)
- 10.4.14 Australia Revenue Forecast (2024-2029)
- 10.4.15 Indonesia Revenue Forecast (2024-2029)
- 10.4.16 Vietnam Revenue Forecast (2024-2029)
- 10.4.17 Brazil Revenue Forecast (2024-2029)
- 10.4.18 Mexico Revenue Forecast (2024-2029)
- 10.4.19 Argentina Revenue Forecast (2024-2029)
- 10.4.20 Colombia Revenue Forecast (2024-2029)
- 10.4.21 Turkey Revenue Forecast (2024-2029)
- 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
- 10.4.23 South Africa Revenue Forecast (2024-2029)
- 10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Peripheral vascular device
- 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Peripheral vascular device
- 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Peripheral vascular device
- 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Peripheral vascular device
- 11.2 Downstream Major Consumers Analysis of Peripheral vascular device
- 11.3 Major Suppliers of Peripheral vascular device with Contact Information
- 11.4 Supply Chain Relationship Analysis of Peripheral vascular device
12 Peripheral vascular device New Project Investment Feasibility Analysis
- 12.1 Peripheral vascular device New Project SWOT Analysis
- 12.2 Peripheral vascular device New Project Investment Feasibility Analysis
- 12.2.1 Project Name
- 12.2.2 Investment Budget
- 12.2.3 Project Product Solutions
- 12.2.4 Project Schedule
13 Peripheral vascular device Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.2 References and Data Sources
- 14.2.1 Primary Sources
- 14.2.2 Secondary Paid Sources
- 14.2.3 Secondary Public Sources
- 14.3 Abbreviations and Units of Measurement
- 14.4 Author Details
Summary:
Get latest Market Research Reports on Peripheral vascular device. Industry analysis & Market Report on Peripheral vascular device is a syndicated market report, published as Global Peripheral vascular device Market Report 2018-2029. It is complete Research Study and Industry Analysis of Peripheral vascular device market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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