Global Peripheral Artery Disease Market Report and Forecast 2024-2032

Global Peripheral Artery Disease Market Outlook

The global peripheral artery disease market size attained a value of USD 4.70 billion in 2023, driven by increasing geriatric population, unhealthy lifestyles led by the adults, increasing prevalence of obesity, diabetes, and high blood pressure, among others. The market is anticipated to grow at a CAGR of 6.3% during the forecast period of 2024-2032 to attain a value of USD 8.14 billion by 2032.

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According to the peripheral artery disease market report, peripheral artery disease or PAD is widely prevalent and is considered as a disease which is a large contributor towards the growing burden of cardiovascular diseases. The peripheral artery disease market overview suggests that the technological advancements in endovascular and surgical treatments of peripheral artery disease are fuelling the market growth. In the coming years, the peripheral arterial disease market is also projected to witness growth, driven by the increasing prevalence of atherosclerosis. Increasing awareness regarding peripheral artery disease is resulting in more patients seeking diagnostics and treatment at an earlier stage, promoting better outcomes.

The Asia Pacific to Grow at a Steady Pace During the Forecast Period with the Growing Population

According to the peripheral artery disease market research, Asia Pacific is expected to have a significant market share in the forecast period. There are a variety of factors driving the growth of peripheral artery disease market in the Asia Pacific region. One of the key factors is the large population with unmet medical conditions such as obesity, diabetes, and high blood pressure, which might propel the risk of peripheral artery disease. In addition, the healthcare infrastructure in the region has been growing significantly along with the GDP, which is expected to enlarge the peripheral artery disease market size in the forecast period. Moreover, there have been some notable developments amongst the leading players in the market, leading to increased competition globally and expanded growth of the global peripheral artery disease market size. Meanwhile, in North America, prevalent lifestyle issues such as obesity and lack of intake of proper diet in strong economies such as the United States are expanding the peripheral artery disease US market size.

Peripheral Artery Disease: Market Segmentation

Peripheral artery disease is a medical term that refers to the narrowing of arteries in human body that reduces the flow of blood in the lower body including legs. As a result, the oxygen and blood levels in the lower body reach below the required level, consequently leading to pain in walking. Peripheral artery disease can also be a sign of blocking or clogging of the arteries. This can usually be treated by lifestyle modification, regular exercise, and quitting tobacco in any form.

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The peripheral artery disease market segmentation based on type is:

• Peripheral Angioplasty Balloons
  • Breakup by Type
    • Old/Normal Balloons
    • Cutting and Scoring Balloons
    • Drug-Coated Balloons
    • Peripheral Stents
  • Breakup by Type
    • Self-Expandable
    • Balloon-Expandable
    • Covered Stents
    • Drug-Eluting Stents
    • Peripheral Catheters
  • Breakup by Type
    • Angiography Catheters
    • Guiding Catheters
    • Inferior Vena Cava (IVC) Filters
  • Breakup by Type
    • Permanent Filters
    • Retrievable Filters
    • Plaque Modification Devices
  • Breakup by Type
    • Thrombectomy Devices
    • Atherectomy Devices
    • Haemodynamic Flow Alteration Devices
  • Breakup by Type
    • Embolic Protection Devices
    • Chronic Total Occlusion Devices
    • Peripheral Accessories
  • Breakup by Type
    • Peripheral Vascular Closure Devices
    • Introducer Sheaths
    • Guidewires
    • Balloon Inflation Devices
    • Others

The EMR report looks into the regional markets of peripheral artery disease like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Demand for Non-Invasive Procedures, coupled with Unhealthy Lifestyles to Propel the Demand for Peripheral Artery Disease Treatment

As per the peripheral artery disease market analysis, evolving health infrastructure has increased the usage of interventional devices like drug-eluting agents, atherectomy devices, and others, which is aiding the diagnostics infrastructure, leading to a heightened growth of peripheral arterial disease diagnostics market. Atherectomy is used to remove the plaque in arteries with the help of catheter and its demand in treating peripheral artery diseases (PADs) has increased majorly. Further, the demand for non-invasive or minimally-invasive endovascular procedures has increased recently because they offer shorter recovery time and minimal chances of post-surgery complications. This factor is further likely to boost the peripheral artery disease market share in the global healthcare industry. Moreover, the unhealthy lifestyle led by people worldwide, coupled with increased consumption of alcohols, tobacco, and smoking is anticipated to spike the number of cardiac arrests, blood clotting, and other heart conditions in the coming years, thereby boosting the demand for peripheral artery disease drugs, leading to an enlargement of the peripheral artery disease drugs market size.

The surge in geriatric population at a global level is likely to boost the susceptibility to peripheral artery diseases in the future. In this regard, initiatives taken to aid the health of geriatrics and favourable reimbursement policies of the government are the critical peripheral artery disease market trends. There is a clear correlation between ageing and occurrence of medical conditions such as diabetes, blood pressure, and heart related diseases, among others. This factor is likely to add to the peripheral artery disease market value in the forecast period. In addition, there have been mergers and acquisitions among the leading market players, which are expected to be the crucial driving factors propelling the growth of peripheral artery disease global market.

Key Industry Players in the Global Peripheral Artery Disease Market

The report presents a detailed analysis of the following key players in the global peripheral artery disease market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• AngioDynamics Inc.

• B. Braun Melsungen AG

• Biotronik Inc.

• Boston Scientific Corp.

• Cook Group Incorporated

• Terumo Corporation

• Koninklijke Philips N.V.

• Becton, Dickinson and Company

• W. L. Gore & Associates, Inc.

• LeMaitre Vascular, Inc.

• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report