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.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/BMIRE00025627
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.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/europe-peripheral-vascular-devices-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
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
• Peripheral Vascular Stents
• Peripheral Transluminal Angioplasty Balloon Catheters
• PTA Guidewires
• Atherectomy Devices
• Chronic Total Occlusion Devices
• Aortic Stents
• Synthetic Surgical Grafts
• Embolization Guidewires
By End User
• Hospitals & Clinics
• Ambulatory Care Centers
• Specialty Clinics
Key Factors Driving the Market
- Rising Prevalence of Cardiovascular Diseases: As the prevalence of cardiovascular diseases, such as atherosclerosis and diabetes, increases, the demand for peripheral vascular devices is also growing. These diseases often lead to PVD, which requires medical intervention.
- Aging Population: Europe has a growing aging population, which is more susceptible to diseases like PVD. The demand for medical devices that can help manage vascular diseases in older individuals is a significant driver.
- Technological Advancements: Continuous advancements in peripheral vascular devices, such as minimally invasive procedures and innovative stent designs, are helping to drive the market. New technologies like drug-coated balloons and self-expanding stents are improving the treatment options for PVD.
- Increasing Healthcare Expenditures: Higher investments in healthcare infrastructure across European countries are enhancing the accessibility to advanced peripheral vascular devices, especially in the private healthcare sector.
- Rising Awareness and Screening: Increased awareness about the risks and symptoms of PVD has led to better screening and early detection, which is further driving the adoption of peripheral vascular devices.
Key Types of Peripheral Vascular Devices
- Stents: Used to keep the arteries open after balloon angioplasty. They help prevent the arteries from collapsing or narrowing again.
- Angioplasty Balloons: These are used to treat narrowed arteries by inflating at the site of a blockage to restore normal blood flow.
- Atherectomy Devices: These are used to remove plaque from the blood vessels and improve blood flow.
- Endovenous Laser Treatment (EVLT) Devices: Used to treat varicose veins by using laser energy to shrink and close veins.
- Embolic Protection Devices: Used to prevent debris from dislodging during vascular procedures and causing blockages.
- Compression Devices: Often used in the treatment of deep vein thrombosis (DVT) and venous insufficiency.
Key Players in the Market
Several major players dominate the European peripheral vascular devices market, including:
- Medtronic
- Boston Scientific
- Abbott Laboratories
- Cook Medical
- Terumo Corporation
- Cardinal Health
- Johnson & Johnson
- B. Braun Melsungen
Regional Insights
- Western Europe: Countries like Germany, France, the UK, and Italy are the key markets due to their advanced healthcare systems, higher adoption of advanced medical technologies, and large patient population.
- Eastern Europe: While this region has lower market penetration compared to Western Europe, it is experiencing significant growth due to improving healthcare infrastructure and rising healthcare expenditures.
Market Trends
- Minimally Invasive Procedures: The trend toward minimally invasive procedures, which involve less recovery time and fewer complications, is gaining momentum in peripheral vascular treatments.
- Integration of Digital Technologies: The incorporation of digital technologies like artificial intelligence (AI) and machine learning in diagnostic and treatment devices is an emerging trend in the market. These technologies help improve accuracy and patient outcomes.
- Increasing Demand for Outpatient Care: There is a rising demand for outpatient treatments in Europe, which is driving the demand for devices that can be used in outpatient clinics and ambulatory surgery centers.
Challenges
- Regulatory Hurdles: The regulatory landscape for medical devices in Europe can be challenging, with stringent requirements for approval and market entry.
- High Cost of Devices: The high cost of advanced peripheral vascular devices can be a barrier for some healthcare providers, particularly in lower-income countries.
Future Outlook
The Europe peripheral vascular devices market is expected to grow steadily in the coming years due to the increasing prevalence of PVD, technological advancements, and the aging population. The market is also likely to benefit from the rise in minimally invasive procedures and the shift towards outpatient care.
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