Thailand Peripheral Vascular Devices Market Size & Outlook
Thailand peripheral vascular devices market, 2018-2030 (US$M)
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Thailand peripheral vascular devices market highlights
- The Thailand peripheral vascular devices market generated a revenue of USD 165.0 million in 2023 and is expected to reach USD 246.4 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, hemodynamic flow alteration devices 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.
Peripheral vascular devices market data book summary
| Market revenue in 2023 | USD 165.0 million |
| Market revenue in 2030 | USD 246.4 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Hemodynamic flow alteration devices |
| Fastest growing segment | Plaque Modification Devices |
| 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, Thailand accounted for 1.7% 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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Thailand 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.
Hemodynamic flow alteration devices was the largest segment with a revenue share of 28.61% in 2023. Horizon Databook has segmented the Thailand 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 peripheral vascular devices market in Thailand is marked by intense competition, as key industry players strive to augment their market share. Multinational corporations, notably Boston Scientific Corporation, Medtronic plc, Abbott Laboratories, and Cook Medical, exert significant dominance, leveraging their expansive product portfolios, advanced product development capabilities, and extensive distribution networks.
Complementing this landscape are regional contenders such as Lepu Medical Technology Co., Ltd., MicroPort Scientific Corporation, and W. L. Gore & Associates, Inc., which have established a robust market presence through a strategic focus on product innovation and development, effectively addressing the distinctive demands of the local market. Competition in Thailand's peripheral vascular devices market is characterized by a fierce contest involving factors such as product quality, pricing, and distribution strategies.
Multinational corporations gain a competitive edge owing to their economies of scale and substantial investments in research & development. Conversely, regional players enjoy advantages in tailoring solutions to the specific requirements of the local market and cultivating strong relationships with healthcare providers.
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Target buyers of Thailand 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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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 country-level data and insights on the Thailand peripheral vascular devices market, including forecasts for subscribers. This country databook contains high-level insights into Thailand peripheral vascular devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand peripheral vascular devices market size, by type, 2018-2030 (US$M)
Thailand Peripheral Vascular Devices Market Share, 2023 & 2030 (US$M)
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