Global prevalence of peripheral artery diseases, increasing geriatric population, and rising prevalence of diabetes. On the other hand, the availability of alternative treatments and product failures and recalls are the major factors that are expected to restrain the growth of this market.

The peripheral vascular devices market is projected to reach USD 14.4 billion by 2024 from USD 10.3 billion in 2019, at a CAGR of 6.8%.

Catheters market is segmented into angiography catheters, guiding catheters, and IVUS/OCT catheters. In 2018, the angiography catheters segment accounted for the largest share of the catheters market. This is mainly due to the high and increasing prevalence of peripheral vascular diseases, coupled with the increasing awareness about the benefits of the early diagnosis of PVDs.

Peripheral Vascular Devices Market, by Product
Angioplasty Balloons
Old/Normal Balloons
Drug-eluting Balloons
Cutting and Scoring Balloons
Angioplasty Stents
Drug-eluting Stents
Bare-metal Stents
Self-expandable Stents
Balloon-expandable Stents
Catheters
Angiography Catheters
Guiding Catheters
IVUS/OCT Catheters
EVAR Stent Grafts
Abdominal Aortic Aneurysm Stent Grafts
Thoracic Aortic Aneurysm Stent Grafts
Inferior Vena Cava Filters
Retrievable Filters
Permanent Filters
Plaque Modification Devices
Atherectomy Devices
Thrombectomy Devices
Hemodynamic Flow Alteration Devices
Embolic Protection Devices
Chronic Total Occlusion Devices
Other Devices
Guidewires
Vascular Closure Devices
Introducer Sheaths
Balloon Inflation Devices

Peripheral vascular devices market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). While North America dominated the market in 2018, Asia Pacific is expected to register the highest CAGR in the market during the forecast period. Growth in the APAC market is largely driven by the large patient population and increasing focus of major players on this region.

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Key Market Players

Prominent players in the peripheral vascular devices market are Medtronic (Ireland), Boston Scientific Corporation (US), Abbott (US), Cardinal Health (US), iVascular (Spain), Becton, Dickinson and Company (US), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Biosensors International Group (Singapore), and BIOTRONIK SE & Co. KG (Germany).