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.
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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.
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๐๐ก๐ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
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
โข Peripheral Vascular Stents
โข Peripheral Transluminal Angioplasty Balloon Catheters
โข PTA Guidewires
โข Atherectomy Devices
โข Chronic Total Occlusion Devices
โข Aortic Stents
โข Synthetic Surgical Grafts
โข Embolization Guidewires
By End User
โข Hospitals & Clinics
โข Ambulatory Care Centers
โข Specialty Clinics
The Europe peripheral vascular devices market is expected to experience substantial growth, rising from US$ 3,288.55 million in 2021 to US$ 5,035.19 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2021 to 2028. This growth is largely driven by the escalating rates of peripheral artery diseases (PAD), which have become a significant concern across Europe. These diseases, often caused by factors such as atherosclerosis, smoking, alcoholism, and obesity, require advanced medical interventions and treatments, thus stimulating the demand for peripheral vascular devices.
One of the primary drivers of this market is the rising prevalence of atherosclerosis, a condition in which fatty deposits accumulate within the arteries, obstructing blood flow and leading to serious cardiovascular complications. Atherosclerosis is particularly concerning because it often goes unnoticed until it reaches advanced stages, making early intervention crucial. Healthy individuals over the age of 40 have a 50% chance of developing severe atherosclerosis, with the risk increasing significantly as they age. People over 60 are particularly vulnerable, but many may not be aware of the condition until it causes significant health problems. As a result, the increasing incidence of atherosclerosis is significantly driving demand for peripheral vascular devices that can treat and manage the disease effectively.
In addition to atherosclerosis, other lifestyle factors like smoking, alcoholism, and obesity are also major contributors to the development of peripheral vascular diseases. According to the World Health Organization (WHO), approximately 1.13 billion people were living with hypertension in 2021, which is a leading cause of premature death worldwide. Obesity, in particular, has been closely linked to several conditions that increase the risk of cardiovascular diseases, including high blood pressure, diabetes, insulin resistance, and elevated levels of inflammatory markers such as fibrinogen and C-reactive protein. Obesity not only increases the risk of developing hypertension but also exacerbates other cardiovascular conditions, further driving the demand for medical devices that aid in managing these diseases.
As a result of these factors, there is an increasing need for effective peripheral vascular devices. These devices are essential in diagnosing, treating, and monitoring peripheral vascular diseases, particularly for patients suffering from atherosclerosis and its associated complications. Peripheral vascular devices, such as stents, angioplasty balloons, atherectomy devices, and compression devices, are critical in improving blood flow, preventing complications, and enhancing patient outcomes.
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