USD 8.68 billion
Peripheral Interventions Market Size, Share, Growth Analysis, By Product(Catheters, Sheath, Stents, Bare-metal Stents), By Application(Venous Thromboembolism, Peripheral Artery Disease, Others), By End-Use(Hospitals, Ambulatory Surgical Centres, Catheterization Laboratories, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2214 |
Region:
Global |
Published Date: June, 2024
Pages:
219
|Tables:
99
|Figures:
76
Peripheral Interventions Market Insights
Global Peripheral Interventions Market size was valued at USD 8.68 billion in 2022 and is poised to grow from USD 9.42 billion in 2023 to USD 18.09 billion by 2031, growing at a CAGR of 8.50% during the forecast period (2024-2031).
The growing prevalence of cardiovascular disorders (CVD) is poised to be a significant motive force for the demand within the area of peripheral interventions. Factors which include high blood pressure, diabetes mellitus, obesity, smoking, and the consumption of carbohydrate-rich diets are contributing to the development of various sorts of CVD.
In response to this growing health subject, there's increasingly more catheterization laboratories (cath labs) internationally, in particular in rising markets. This growth is accompanied by an uptick within the range of healthcare specialists specializing in peripheral interventions, similarly fueling the growth of this industry.
Cath labs have ended up critical inside the analysis and treatment of cardiovascular conditions, and their adoption is on the rise, specifically in developing countries. Furthermore, the emergence of hybrid catheterization labs has been a noteworthy development in current years. These hybrid labs are versatile and are used now not handiest for cardiac peripheral interventions but also for vascular, neurological, electrophysiology, and various other clinical methods.
India, for example, has witnessed a tremendous increase within the range of cath labs, more than doubling nowadays. This expansion has been observed with the aid of a tremendous surge in peripheral intervention strategies. The upward push in angioplasties, a common remedy for CVD, is also contributing to improved healthcare spending globally. The boom within the number of experts that specialize in peripheral interventions and the establishment of catheterization laboratories are predicted to drive in addition enlargement within the industry, as the call for for these techniques maintain to grow
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
8.50% CAGR
Peripheral Interventions Market ($ Bn)
Country Share for North America Region (%)
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Peripheral Interventions Market Segmental Analysis
The global peripheral interventions market is segmented on the basis of product, application, end-use, and region. By product, the market is segmented into catheters, sheath, stents, bare-metal stents, drug-eluting stents, guide wires, atherectomy devices, embolic devices, thrombectomy devices, IVC filters and others. By application, the market is segmented into venous thromboembolism, peripheral artery disease and others. By end-use, the market is segmented into hospitals, ambulatory surgical centers, catheterization laboratories and others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Analysis By Application
Within the global peripheral interventions market, one prominent application that typically commands a leading position is peripheral artery disease (PAD). PAD is characterized by the narrowing or blockage of arteries in the peripheral vascular system, often affecting the lower limbs, particularly the legs. This condition is pervasive and necessitates various peripheral interventions designed to enhance blood flow and alleviate associated symptoms.
While PAD continues to assert its dominance, another segment experiencing rapid growth is venous thromboembolism (VTE). VTE encompasses a spectrum of conditions, including deep vein thrombosis (DVT) and pulmonary embolism (PE), which involve the formation of blood clots within the venous system. The increasing demand for peripheral interventions related to VTE is driven by heightened awareness, improved diagnostic capabilities, and a growing population at risk of venous thromboembolic events.
Analysis By End - User
In terms of end-use segments within the global peripheral interventions market, hospitals emerge as the dominant player. Hospitals serve as pivotal healthcare institutions where a wide spectrum of medical procedures, including peripheral interventions, are routinely carried out. Their expansive infrastructure, specialized medical departments, and the presence of highly skilled healthcare professionals collectively position hospitals as central contributors to this market. Their comprehensive capabilities and resources make them a cornerstone in the landscape of peripheral interventions.
Conversely, the segment experiencing the most rapid growth in the market is that of Ambulatory surgical centers (ASCs). These facilities provide a greater streamlined and convenient alternative for particular clinical approaches, including peripheral interventions. ASCs are favored by patients due to their shorter ready instances, decreased sanatorium remains, and personalized care. The increasing popularity and accessibility of ASCs in the healthcare surroundings have translated right into an excellent upsurge in the quantity of peripheral interventions performed inside those facilities.
Peripheral Interventions Market By End-Use
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Peripheral Interventions Market Regional Insights
North America has held a dominant role in the marketplace, commonly due to technological improvements, strong scientific repayment facilities, and a growing stage of consciousness of some of the populace in this location. With a rising prevalence of coronary artery sicknesses and a developing prevalence of peripheral vascular illnesses, North America is poised to preserve its marketplace leadership for the duration of the forecast length.
The Asia Pacific region is predicted to witness the very best increase by 2022, driven by means of its hastily growing economic system and increasing healthcare infrastructure. Increasing personal disposable profits, robust government help within the healthcare sector, and rising awareness of peripheral issues diagnostics are key factors propelling the peripheral interventional marketplace in this vicinity. In 2021, North America's peripheral interventions marketplace accounted for over 40% of the entire sales proportion. The presence of primary players within the location and a professional healthcare workforce make contributions to the market's sturdy demand. Prominent industry leaders like Johnson & Johnson, Medtronic, Becton Dickinson, and Boston Scientific Corporation have installed a sturdy presence in North America, specially inside the United States, in which healthcare professionals quite simply undertake modern merchandise, developing beneficial opportunities for enterprise gamers.
Peripheral Interventions Market By Region
- Largest
- Fastest
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Peripheral Interventions Market Dynamics
Drivers
- Rising Cardiovascular Disease (CVD) Prevalence The growing prevalence of cardiovascular conditions, which includes peripheral artery disease (PAD), is what's driving the call for peripheral remedies. The rising incidence of CVDs is primarily attributed to hazard elements such hypertension, diabetes, obesity, and a sedentary way of life.
- Conscientization and early detection : Demand for diagnostic and interventional remedies is being pushed with the aid of a growth in know-how approximately peripheral vascular problems and the fee of early prognosis. Early diagnosis and therapy can prevent the direction of infection and beautify patient outcomes.
Positive governmental actions
- The market is positively impacted by supportive government policies and healthcare activities designed to combat CVDs and improve access to healthcare. Growth in the healthcare industry is fueled by subsidies, reimbursement plans, and infrastructure improvements.
Restraints
High Costs of Treatment
- The accessibility of the market is constrained by the expense of peripheral intervention treatments for some individuals. Treatment may be hampered by expensive healthcare, especially in industrialized areas.
Remote Areas with Limited Access
- Patients' access to specialist treatment may be hampered by the lack of convenient peripheral interventions in rural or underserved regions. Market expansion may be hampered by geographic differences in healthcare infrastructure.
Possible Complications
- Peripheral procedures include risks of consequences, including bleeding, infection, and vascular injury, much like any medical surgery. Some patients may choose not to seek therapy because of these dangers.
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Peripheral Interventions Market Competitive Landscape
The global peripheral interventions market presents a dynamic competitive scenario, marked by the active participation of numerous prominent companies seeking market leadership. Key industry players, including Johnson & Johnson, Medtronic, Becton Dickinson, and Boston Scientific Corporation, hold pivotal roles in shaping the landscape of this sector. These industry giants capitalize on their extensive expertise, robust research and development capabilities, and global market presence to introduce innovative solutions spanning various segments within peripheral interventions.
Top Player’s Company Profiles
- Johnson & Johnson (United States)
- Medtronic (United States)
- Becton Dickinson (United States)
- Boston Scientific Corporation (United States)
- Abbott Laboratories (United States)
- Terumo Corporation (Japan)
- Cook Medical (United States)
- Cardinal Health (United States)
- C. R. Bard (United States)
- Teleflex Incorporated (United States)
- AngioDynamics Inc. (United States)
- B. Braun Melsungen AG (Germany)
- Asahi Intecc Co., Ltd. (Japan)
- Penumbra, Inc. (United States)
- Stryker Corporation (United States)
- Terumo Interventional Systems (United States)
- Olympus Corporation (Japan)
- Nipro Corporation (Japan)
- Endologix Inc. (United States)
- Merit Medical Systems, Inc. (United States)
Recent Developments
- In March 2023, Shockwave Medical, Inc. announced the U.S. commercial availability of the Shockwave L6 Peripheral IVL Catheter following clearance by the U.S. Food and Drug Administration (FDA). The Shockwave L6 catheter is purpose-built to modify calcification in otherwise difficult-to-treat lesions in large peripheral vessels, including the iliac and the common femoral arteries.
- In March 2023, Medtronic received the CE Mark approval for expanding the indication for its IN.PACT Admiral drug-covered balloon (DCB) to deal with sufferers with symptomatic femoropopliteal artery disease (SFA) with a lesion period of as much as 300mm.
- In February 2023, Cook Medical launched its Zilver PTX 360 Peripheral Balloon Catheter. This catheter is designed to supply paclitaxel, a drug that helps save you restenosis, or narrowing of the blood vessel, in an extra controlled and unique manner.
- In January 2023, Terumo Corporation received FDA popularity for its T-Select Flex Everolimus-Eluting Peripheral Balloon Catheter. This catheter is designed to deliver everolimus, a drug that saves you restenosis, in a greater uniform manner.
Peripheral Interventions Key Market Trends
- Heterogeneous Catheterization Labs: Invasive interventional treatments such as cardiac, vascular, neurological, and electrophysiological are increasingly being performed in hybrid catheterization labs, which are growing in popularity. The market is growing as a result of these adaptable facilities.
- Focus on Venous Thromboembolism (VTE): Peripheral therapies intended to prevent and treat venous thromboembolism, including deep vein thrombosis (DVT) and pulmonary embolism (PE), are becoming more popular as a result of increased awareness of these disorders.
- Robotics and artificial intelligence (AI) integration: The use of robots and AI in peripheral interventions improves accuracy, lowers procedural mistakes, and increases the skill sets of healthcare workers, spurring market technology innovation.
Peripheral Interventions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global peripheral interventions market analysis, The global peripheral interventions market is positioned for sustained growth and transformation, driven by a multitude of factors that are reshaping the healthcare landscape. The market is currently experiencing a continuous upsurge in demand, primarily propelled by the increasing prevalence of cardiovascular diseases, peripheral vascular diseases, and associated health conditions. These conditions impose a significant economic burden on healthcare systems worldwide, compelling investments and innovations in peripheral interventions to enhance treatment effectiveness.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.68 billion |
| Market size value in 2031 | USD 18.09 billion |
| Growth Rate | 8.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Peripheral Interventions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Peripheral Interventions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Peripheral Interventions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Peripheral Interventions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Peripheral Interventions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Peripheral Interventions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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