Peripheral Vascular Devices - Worldwide

The global peripheral vascular devices market size is worth around USD 5,119 million in 2024 and is predicted to hit around USD 9,791 million by 2034, growing at a CAGR of 6.7% from 2024 to 2034.

As the world's population has seen exponential growth so is the demand from healthcare sector does, along with healthcare devices since they are an essential and pivotal part of it. Thus, peripheral vascular devices can be used to treat many types of cardiovascular disease and arterial problems. As the geriatric population grows, the number of people suffering from heart problems is increasing. The growth factor of the market includes technological development in healthcare domain in terms of development of devices like peripheral vascular devices. There are certain restraining factors like device recall activities, device limitations and higher cost of advanced devices which hinders the peripheral vascular devices market’s growth. Moreover, device limitations while performing surgery further pose a Challange for markets expansion. 

However, the peripheral vascular devices market is going to set opportunistic growth over the forecasted years owing to the factors like launch of novel devices with extended capabilities like upgraded drug eluting vascular stents. With research and development in the healthcare sector to improve a more standardized approach for better outcomes, key players are investing hugely into it and creating lucrative opportunities for the market's expansion.