Asia Pacific Peripheral Vascular Devices Market Size & Outlook
Asia Pacific peripheral vascular devices market, 2018-2030 (US$M)
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Asia Pacific peripheral vascular devices market highlights
- The Asia Pacific peripheral vascular devices market generated a revenue of USD 2,375.7 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, peripheral stents was the largest revenue generating type in 2023.
- Plaque Modification Devices is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,375.7 million |
| Market revenue in 2030 | USD 3,868.7 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Peripheral stents |
| Fastest growing segment | Plaque Modification Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PTA Balloons, Catheters, Endovascular Aneurysm Repair Stent Grafts, Plaque Modification Devices, Peripheral Accessories, Inferior Vena Cava Filters, Hemodynamic Flow Alteration Devices, Peripheral Stents |
| Key market players worldwide | Abbott Laboratories, Edwards Lifesciences Corp, Medtronic PLC, St. Jude Medical, Teleflex Inc, Philips, Boston Scientific Corp, Cook Group, Covidien, AngioScore |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.4% of the global peripheral vascular devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,868.7 million by 2030.
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Peripheral Vascular Devices Market Scope
Peripheral Vascular Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific peripheral vascular devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to peripheral vascular devices market will help companies and investors design strategic landscapes.
Peripheral stents was the largest segment with a revenue share of 20.54% in 2023. Horizon Databook has segmented the Asia Pacific peripheral vascular devices market based on pta balloons, catheters, endovascular aneurysm repair stent grafts, plaque modification devices, peripheral accessories, inferior vena cava filters, hemodynamic flow alteration devices, peripheral stents covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare industry in the Asia Pacific region has experienced noteworthy expansion, particularly in the market for peripheral vascular devices. These devices play a crucial role in treating conditions that impact blood vessels beyond the heart & brain, such as Peripheral Artery Disease (PAD), Deep Vein Thrombosis (DVT), and similar ailments.
Key players in the global peripheral vascular devices market, including Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Cook Medical, and Terumo Corporation, dominate with a wide array of products and extensive distribution networks. Continuous innovation in product development is a crucial strategy for these companies, allowing them to gain a competitive edge.
For instance, in July 2023, the U.S. FDA recently issued revised guidance to healthcare practitioners regarding the utilization of paclitaxel-coated devices in managing PAD. This action followed the dissemination of a 2018 meta-analysis featured in the Journal of the American Heart Association, which identified an elevated risk of delayed mortality in individuals subjected to paclitaxel devices.
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Target buyers of Asia Pacific peripheral vascular devices market databook
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Our clientele includes a mix of peripheral vascular devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific peripheral vascular devices market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific peripheral vascular devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific peripheral vascular devices market size, by country, 2018-2030 (US$M)
Asia Pacific Peripheral Vascular Devices Market Share, 2023 & 2030 (US$M)
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