PAD Medical Device Market Size, Share, Industry Analysis, Growth, 2032

PAD Medical Device Industry Prospective:

The PAD medical device market size was worth around USD 9.56 billion in 2023 and is predicted to grow to around USD 16.71 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.4% between 2024 and 2032.

The report covers a forecast and an analysis of the PAD medical device market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes the drivers and restraints of the PAD medical device market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the PAD medical device market on a global level.

Request Free Sample

In order to give the users of this report a comprehensive view of the PAD medical device market, we have included a competitive landscape and an analysis of Porter’s Five Forces Model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

PAD Medical Device Market: Overview

Peripheral artery disease (PAD) can be fatal if remains undiagnosed. The most common symptom of PAD is arteries in the legs get clogged or narrow down due to fat deposition or less blood flow to the legs. This, in turn, may result in muscle pain in legs, disability in walking, amputation, or basically a low quality of life. Blocked peripheral arteries in the legs can also pose a threat to the arteries in the heart, brain, and kidneys. PAD medical devices are non-invasive vascular diagnostic devices that primarily help in PAD detection. Lately, many medical devices manufacturers observed an underserved low extremity as a major opportunity to venture into the PAD medical device market to aid the peripheral PAD treatments. This has led to various innovations in devices and clinical trials.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, R&D, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies according to regions.

PAD Medical Device Market: Growth Factors

There are numerous factors responsible for the growth of the PAD medical device market globally, such as an alarming increase in cardiac ailments. These ailments include cerebrovascular diseases, coronary heart diseases, rheumatic heart disease, etc. The prime reasons behind these ailments are drastic changes in lifestyle, adoption of harmful products like tobacco, cigarettes, unhealthy diets, and less physical activity. Other risk factors associated with PAD are diabetes and high blood pressure. The global PAD medical device market growth is also supported by advanced treatment options for peripheral artery diseases and rising awareness about non-invasive interventional treatment choices like atherectomy. Developed countries are simultaneously upgrading their technologies in the healthcare sector and aiming toward technological improvements.

Request Free Sample

PAD Medical Device Market: Segmentation

The global PAD medical device market is categorized based on type and end-user.

Based on type, the PAD medical device market includes peripheral vascular stent, peripheral transluminal angioplasty balloon catheters, PTA guidewires, atherectomy devices, chronic total occlusion devices, aortic stents, synthetic surgical grafts, embolic protection device, and inferior vena cava filters. Peripheral vascular stents are expected to account for a major market share and grow at a significant rate in the future.

Based on end-user, the PAD medical device market is segmented into hospitals, cardiac centers, and others. The hospitals segment accounted for the major market share in 2023.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

PAD Medical Device Market: Report Scope

PAD Medical Device Market: Regional Insights

By region, the global PAD medical device market is fragmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to lead the PAD medical device market over the prediction time period. Asia Pacific is likely to register a rapid growth rate in the global PAD medical device market over the estimated timeframe.

PAD Medical Device Market: Competitive Space

The key players of the global PAD medical device market include

• Gore
• Boston Scientific
• FierceBiotech
• Medtronic
• C.R. Bard
• Johnson & Johnson
• Abbott Laboratories
• Angioscore Inc.
• Edward Lifesciences
• Teleflex Medical
• St. Jude Medical
• Volcano Corporation
• Cook Group
• Cordis Corporation
• Bayer.

This report segments the global PAD medical device market into:

Global PAD Medical Device Market: Type Analysis

• Peripheral Vascular Stent
• Peripheral Transluminal Angioplasty Balloon Catheters
• PTA Guidewires
• Atherectomy Devices
• Chronic Total Occlusion Devices
• Aortic Stents
• Synthetic Surgical Grafts
• Embolic Protection Device
• Inferior Vena Cava Filters

Global PAD Medical Device Market: End-User Analysis

• Hospitals
• Cardiac Centers
• Others

Global PAD Medical Device Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa