Peripheral Vascular Devices Market: Global Market Analysis and Forecast (2024-2030)

The Peripheral Vascular Devices Market was valued at USD 10.86 billion in 2023 and is expected to grow to USD 15.69 billion by 2030, representing a compound annual growth rate (CAGR) of 5.4% during the forecast period

Peripheral vascular disease (PVD) refers to a condition characterized by the narrowing or blockage of blood vessels outside the heart and brain. Typically affecting the arteries and veins supplying the legs, arms, stomach, or kidneys, PVD restricts blood flow, leading to symptoms like leg pain, numbness, or wounds that don't heal properly. The primary cause is atherosclerosis, where plaque buildup in the arteries reduces blood circulation. Risk factors include smoking, diabetes, high blood pressure, and high cholesterol. If left untreated, PVD can result in severe complications, such as tissue damage, infections, or even limb amputation. The Peripheral Vascular Devices Market has witnessed a notable surge in demand and innovation across various segments like angioplasty, valvuloplasty valve repair, congenital heart defect correction, coronary thrombectomy, and other interventional procedures. Among these segments, drug-eluting devices, including drug-eluting stents and drug-coated balloons, have emerged as pivotal trends in peripheral angioplasty.