Europe Peripheral Vascular Devices Market Identifying Roles and Objectives In Coming Years till 2028

 


The Europe peripheral vascular devices market is expected to grow from US$ 3,288.55 million in 2021 to US$ 5,035.19 million by 2028; it is estimated to register a CAGR of 6.3% from 2021 to 2028

The Europe peripheral vascular devices market is expected to grow from US$ 3,288.55 million in 2021 to US$ 5,035.19 million by 2028; it is estimated to register a CAGR of 6.3% from 2021 to 2028. The alarming rise in peripheral artery diseases has been a primary concern across the region. Atherosclerosis, smoking, alcoholism, and obesity are the major factors that increase the risk of developing these diseases. Further, atherosclerosis is a condition in which fatty deposits build up on the inside walls of the arteries, reducing blood flow. Healthy people over the age of 40 have a 50% chance of getting severe atherosclerosis, with the risk increasing as they get older. The disease mostly affects people over the age of 60, yet it goes unnoticed frequently. The increasing prevalence of atherosclerosis is boosting the peripheral vascular devices market substantially.

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As per the WHO, in 2021, ~1.13 billion people were suffering from hypertension, a leading cause of premature death. Obesity is associated with high blood pressure, dyslipidemia, diabetes or insulin resistance, and higher fibrinogen and C-reactive protein levels, which increase the risk of cardiovascular diseases. Obesity has been associated with a greater risk of high blood pressure. A few significant players are developing and introducing novel products and technologies to compete with existing products in the market, while others are acquiring and partnering with other companies. Thus, the increasing prevalence of hypertension, smoking, alcoholism, and obesity requiring mobility assistance is contributing to the growth of the market across the region.With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe peripheral vascular devices market at a notable CAGR during the forecast period.

Europe Peripheral Vascular Devices Market Segmentation      

 The Europe peripheral vascular devices market is segmented into product, end user, and country. Based on product, the Europe peripheral vascular devices market is segmented into peripheral vascular stents, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, and embolization guidewires. Further, the peripheral vascular stents segment dominated the market in 2021. Based on end user, the Europe peripheral vascular devices market is segmented into hospitals & clinics, ambulatory care centers, specialty clinics, and others. Further, the hospitals & clinics segment dominated the market in 2021. Based on country, the Europe peripheral vascular devices market is segmented into France, Germany, France, the UK, Italy, Spain, and the Rest of Europe. Further, Germany dominated the market in 2021.  Abbott, B. Braun Melsungen AG, BD, Boston Scientific Co Europe Peripheral Vascular Devices Market rporation, Cardinal Health Inc, Cook Medical LLC, Edwards Lifesciences Corporation, Medtronic, Teleflex Incorporated, and Terumo Corporation are among the leading companies operating in the Europe peripheral vascular devices market.

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Abbott

B. Braun Melsungen AG

BD

Boston Scientific Corporation

Cardinal Health Inc

Cook Medical LLC

Edwards Lifesciences Corporation

Medtronic

Teleflex Incorporated

Terumo Corporation

 

Segments Covered         

By Product

โ€ข             Peripheral Vascular Stents

โ€ข             Peripheral Transluminal Angioplasty Balloon Catheters

โ€ข             PTA Guidewires

โ€ข             Atherectomy Devices

โ€ข             Chronic Total Occlusion Devices

โ€ข             Aortic Stents

โ€ข             Synthetic Surgical Grafts

โ€ข             Embolization Guidewires

By End User

โ€ข             Hospitals & Clinics

โ€ข             Ambulatory Care Centers

โ€ข             Specialty Clinics

The market is also segmented based on end-users, who are the key consumers of peripheral vascular devices. The main end-user categories include:

1.      Hospitals & Clinics: Hospitals and clinics remain the dominant end-user segment, as they are equipped to provide comprehensive treatments for peripheral vascular diseases, including diagnostic procedures and interventions using peripheral vascular devices. The majority of invasive procedures related to peripheral vascular diseases are performed in these healthcare settings.

2.      Ambulatory Care Centers: These centers provide outpatient services and are increasingly being utilized for peripheral vascular interventions. The growth of minimally invasive procedures and the trend towards outpatient care contribute to the growing demand for devices in ambulatory care settings.

3.      Specialty Clinics: Specialized clinics focusing on cardiovascular health and vascular diseases also play a crucial role in the peripheral vascular devices market. These clinics often provide more tailored and advanced treatments for conditions like PAD and chronic total occlusion.

4.      Others: This segment includes other healthcare settings such as research institutions and rehabilitation centers where peripheral vascular devices may be used for specialized treatments or long-term management of vascular diseases.

In 2021, hospitals & clinics dominated the market, as they are the primary settings for vascular interventions and surgeries, requiring a consistent supply of peripheral vascular devices for treatment.

 

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