Peripheral Vascular Devices Market 2023–2031 Outlook: Forecast to US$ 18.5 Billion and Key Growth Drivers
Peripheral vascular devices are medical devices used to diagnose, treat, and manage diseases affecting blood vessels outside the heart and brain, such as those in the legs, arms, and abdomen. These devices are commonly used to treat conditions like peripheral artery disease (PAD) by improving blood flow and reducing vessel blockages. They include products such as catheters, guidewires, balloons, stents, and atherectomy devices. Peripheral vascular devices help support minimally invasive procedures, reduce recovery time, and improve patient outcomes, making them an essential part of modern vascular care. The peripheral vascular devices market is positioned for steady growth between 2023 and 2031, supported by rising disease prevalence, technological innovation, and expanding healthcare access worldwide. The market size is projected to increase from US$ 12.5 billion in 2023 to US$ 18.5 billion by 2031, registering a CAGR of 5.7 percent over the forecast period. Peripher...