Data Bridge Market Research analyses that the peripheral vascular surgical devices market will exhibit a CAGR of around 6.34% for the forecast period of 2021-2028. Rising prevalence of peripheral vascular diseases, ever-rising geriatric population and increasing public and private expenditure for the development of healthcare infrastructure especially in emerging economies coupled with increasing personal disposable income are the major factors attributable to the growth of peripheral vascular surgical devices market. This signifies that the peripheral vascular surgical devices market value, which was USD 9,237.77 million in 2020 will rocket up to USD 15,105.69 million by 2028.
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**Segments**
- Based on type, the peripheral vascular surgical devices market can be segmented into angioplasty balloons, stents, vascular closure devices, atherectomy devices, chronic total occlusion devices, and others. Angioplasty balloons are among the most commonly used devices for treating peripheral vascular diseases by widening narrowed or obstructed arteries. Stents are also widely utilized to support the artery walls and maintain appropriate blood flow. Vascular closure devices are essential for sealing puncture sites after catheterization procedures to minimize bleeding complications. Atherectomy devices help in removing plaque buildup in the arteries, while chronic total occlusion devices are used for treating complete blockages in the arteries.
- On the basis of application, the market is categorized into peripheral vessel angioplasty, peripheral vessel stenting, peripheral vessel embolization, thrombectomy, and others. Peripheral vessel angioplasty is a minimally invasive procedure to open blocked or narrowed blood vessels. Stenting involves inserting a mesh tube to support the artery, while embolization is used to block off blood supply to abnormal tissues. Thrombectomy is the process of removing blood clots from arteries to restore blood flow. Other applications may include bypass surgeries and endarterectomies.
- In terms of end-users, the peripheral vascular surgical devices market is segmented into hospitals, ambulatory surgical centers, specialty clinics, and others. Hospitals are the primary end-users due to the availability of advanced infrastructure and skilled healthcare professionals. Ambulatory surgical centers are gaining popularity for providing outpatient procedures in a convenient setting. Specialty clinics focus on specific vascular treatments and provide specialized care for patients with peripheral vascular diseases.
**Market Players**
- Some of the key players in the peripheral vascular surgical devices market include Medtronic, Boston Scientific Corporation, Abbott, Cardinal Health, B. Braun Melsungen AG, Terumo Corporation, Cook Medical, Becton, Dickinson and Company, Asahi Intecc Co., Ltd., and AngioDynamics.The peripheral vascular surgical devices market is a dynamic and competitive industry with several key players driving innovation and growth. Medtronic, a leading medical technology company, offers a wide range of peripheral vascular devices, including angioplasty balloons and stents, contributing significantly to the market's expansion. Boston Scientific Corporation is another prominent player known for its advanced vascular closure devices and atherectomy tools, catering to the increasing demand for minimally invasive procedures. Abbott is a key player that specializes in chronic total occlusion devices, addressing the complex challenges associated with complete blockages in arteries.
Cardinal Health and B. Braun Melsungen AG are major players in the market, providing a diverse portfolio of peripheral vascular surgical devices to meet the evolving needs of healthcare professionals and patients. Terumo Corporation is renowned for its expertise in peripheral vessel angioplasty and stenting technologies, offering precision and reliability in treating peripheral vascular diseases. Cook Medical is a well-established player known for its innovative thrombectomy devices, helping in the effective removal of blood clots and restoring normal blood flow in affected arteries.
Becton, Dickinson and Company, Asahi Intecc Co., Ltd., and AngioDynamics are key players that contribute to the peripheral vascular surgical devices market's growth through their cutting-edge solutions and strategic partnerships with healthcare providers. These companies play a crucial role in advancing treatment options for patients with peripheral vascular diseases, ensuring better outcomes and improved quality of life. Overall, the market players' collective efforts have revolutionized the field of peripheral vascular surgery, offering a myriad of options for healthcare professionals to choose from and enhancing patient care and treatment efficacy.
The competitive landscape of the peripheral vascular surgical devices market continues to evolve as market players invest in research and development initiatives to introduce innovative products and technologies. Strategic collaborations, mergers, and acquisitions are also prevalent in the industry, as companies aim to expand their market presence and enhance their product offerings. With the rising prevalence of peripheral vascular diseases globally, the demand for advanced surgical devices is**Global Peripheral Vascular Surgical Devices Market Insights:**
- The market for peripheral vascular surgical devices is witnessing significant growth due to the rising prevalence of peripheral vascular diseases worldwide. Technological advancements in minimally invasive procedures and the increasing adoption of these devices for improved patient outcomes are driving market expansion.
- Angioplasty balloons and stents are the most commonly utilized devices for treating peripheral vascular diseases, contributing to a substantial market share. The demand for vascular closure devices is also growing rapidly, as they are crucial for reducing bleeding complications post-catheterization procedures.
- Peripheral vessel angioplasty and stenting applications hold a significant share in the market, owing to the effectiveness of these procedures in opening blocked or narrowed blood vessels and maintaining appropriate blood flow. The increasing prevalence of thrombosis is fueling the demand for thrombectomy devices, which play a vital role in restoring blood flow by removing clots from arteries.
- Hospitals are the primary end-users of peripheral vascular surgical devices, attributed to the availability of advanced infrastructure and skilled healthcare professionals. Ambulatory surgical centers are gaining traction for providing outpatient procedures efficiently, while specialty clinics offer specialized care for patients with peripheral vascular diseases.
- Key players such as Medtronic, Boston Scientific Corporation, and Abbott are driving market growth through their innovative product offerings. Collaborations, mergers, and acquisitions are common strategies employed by market players to enhance their market presence and expand their product portfolios.
- The global peripheral vascular surgical devices market is poised for significant growth in
Core Objective of Peripheral Vascular Surgical Devices Market:
Every firm in the Peripheral Vascular Surgical Devices Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Size of the Peripheral Vascular Surgical Devices Market and growth rate factors.
- Important changes in the future Peripheral Vascular Surgical Devices Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Peripheral Vascular Surgical Devices Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Peripheral Vascular Surgical Devices top manufacturers profile and sales statistics.
Key takeaways from the Peripheral Vascular Surgical Devices Market report:
- Detailed considerate of Peripheral Vascular Surgical Devices Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
- Comprehensive valuation of all prospects and threat in the
- In depth study of industry strategies for growth of the Peripheral Vascular Surgical Devices Market-leading players.
- Peripheral Vascular Surgical Devices Market latest innovations and major procedures.
- Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Peripheral Vascular Surgical Devices Market for forthcoming years.
Frequently Asked Questions
- What is the Future Market Value for Peripheral Vascular Surgical Devices Market?
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- What are the Major Companies Operating in the Peripheral Vascular Surgical Devices Market?
- Which Countries Data is covered in the Peripheral Vascular Surgical Devices Market?
- What are the Main Data Pointers Covered in Peripheral Vascular Surgical Devices Market Report?
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