China Peripheral Vascular Devices Market Size & Outlook
China peripheral vascular devices market, 2018-2030 (US$M)
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China peripheral vascular devices market highlights
- The China peripheral vascular devices market generated a revenue of USD 583.0 million in 2023 and is expected to reach USD 944.7 million by 2030.
- The China market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, peripheral stents was the largest revenue generating type in 2023.
- PTA Balloons is the most lucrative type segment registering the fastest growth during the forecast period.
Peripheral vascular devices market data book summary
| Market revenue in 2023 | USD 583.0 million |
| Market revenue in 2030 | USD 944.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Peripheral stents |
| Fastest growing segment | PTA Balloons |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 6.0% of the global peripheral vascular devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China peripheral vascular devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 728.7 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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China 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 17.58% in 2023. Horizon Databook has segmented the China 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 China peripheral vascular devices market growth can be attributed to the active participation of major international medical device corporations and local entities. Prominent global players, including Medtronic, Boston Scientific, Abbott Laboratories, Cook Medical, and Terumo Corporation, are pivotal contributors to the market landscape. Simultaneously, noteworthy local players like MicroPort and Lepu Medical play significant roles.
The market is expected to witness intense competition, with several major players vying for a larger revenue share. The market is expected to continue its growth trend due to the increasing prevalence of peripheral vascular diseases and technological advancements in the medical industry. Moreover, industry key players are also involved in strategic partnerships for product portfolio expansion, which is expected to contribute to market growth.
For instance, in March 2024, Zylox-Tonbridge recently unveiled a strategic alliance with Avinger, encompassing an exclusive entitlement for Zylox-Tonbridge to localize, produce, and market Avinger’s entire product portfolio across Greater China, spanning Mainland China, Hong Kong, Taiwan, and Macau. In addition, a technology transfer agreement was established, enabling Zylox-Tonbridge to utilize its cost-efficient manufacturing capabilities to support Avinger’s global sales beyond the Greater China region.
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Target buyers of China 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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Horizon Databook provides a detailed overview of country-level data and insights on the China peripheral vascular devices market, including forecasts for subscribers. This country databook contains high-level insights into China peripheral vascular devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China peripheral vascular devices market size, by type, 2018-2030 (US$M)
China Peripheral Vascular Devices Market Share, 2023 & 2030 (US$M)
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