Peripheral Artery Disease Market
By Type;
Peripheral Angioplasty Balloons, Plaque Modification Devices, Peripheral Stents, Peripheral Catheters, Hemodynamic Flow Alteration Devices, Inferior Vena Cava (IVC) Filters and Peripheral AccessoriesBy Treatment;
Device, Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices and OthersBy Disease;
Lipid Lowering Drugs, Triple-H Therapy, Glucose Regulating Drugs, Blood Clot Preventing Drugs, Inotropes, Thrombolytic Agents and Anti-Inflammatory AgentsBy End User;
Hospitals & Clinics and Ambulatory Surgical ClinicsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Peripheral Artery Disease Market Overview
Peripheral Artery Disease Market (USD Million)
Peripheral Artery Disease Market was valued at USD 4,059.40 million in the year 2024. The size of this market is expected to increase to USD 6,990.98 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.
Peripheral Artery Disease Market
*Market size in USD million
CAGR 8.1 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 8.1 % |
Market Size (2024) | USD 4,059.40 Million |
Market Size (2031) | USD 6,990.98 Million |
Market Concentration | Medium |
Report Pages | 365 |
Major Players
- Koninklijke Philips Nv
- B. Braun Melsungen Ag
- Cook
- Medtronic
- Bayer Ag
- Boston Scientific Corporation
- Becton, Dickinson And Company
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Peripheral Artery Disease Market
Fragmented - Highly competitive market without dominant players
The Peripheral Artery Disease (PAD) Market is expanding rapidly, fueled by the growing occurrence of cardiovascular conditions and lifestyle-related factors such as smoking and obesity. Approximately 20% of individuals over 60 are affected, highlighting the rising need for effective treatment solutions. With PAD increasingly recognized as a critical health concern, demand for advanced therapeutic options continues to grow.
Increasing Use of Pharmacological Therapies
Nearly 40% of PAD management strategies rely on pharmacological therapies such as antiplatelet drugs and lipid-lowering agents. These medications play an essential role in improving circulation, reducing symptoms, and preventing disease complications. The strong focus on early medical management reinforces the importance of drug-based treatment in the market.
Advancements in Minimally Invasive Procedures
Technological innovations in minimally invasive procedures like angioplasty, stenting, and atherectomy are reshaping PAD care. Close to 35% of patients now prefer these procedures due to faster recovery and better clinical outcomes. The growing adoption of advanced medical devices is strengthening the overall treatment landscape and boosting market growth.
Growing Demand for Lifestyle-Based Interventions
Around 30% of patients complement conventional PAD therapy with lifestyle modifications, including supervised exercise and rehabilitation. These approaches enhance vascular function, improve quality of life, and support long-term health. The integration of lifestyle-focused care with medical and surgical options is expanding the scope of comprehensive PAD management.
Supportive Healthcare and Policy Trends
Governmental support and proactive healthcare programs are further fueling this market. More than 45% of cardiovascular prevention initiatives emphasize early screening and patient education, increasing access to PAD treatments. The alignment of healthcare policies with therapeutic innovations is creating strong momentum for the Peripheral Artery Disease Market.
Peripheral Artery Disease Market Recent Developments
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In March 2024, The Freesolv below-the-knee resorbable magnesium scaffold (BTK RMS) by BIOTRONIK has received Breakthrough Device Designation from the FDA to treat chronic limb-threatening ischemia (CLTI), which is the worst form of PAD. This designation aims at fast-tracking the device’s development and approval as there is a lack of adequate treatment options for CLTI with the new therapy being expected to enhance vascular healing and potentially decrease the long-term use of implants.
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In February 2023, Abbott finalized the takeover of Cardiovascular Systems, Inc. (CSI), a medical device company based in the United States to provide new solutions for treating challenging artery conditions.
Peripheral Artery Disease Market Segment Analysis
In this report, the Peripheral Artery Disease Market has been segmented by Treatment, Disease, End User and Geography.
Peripheral Artery Disease Market, Segmentation by Treatment
The Peripheral Artery Disease Market has been segmented by Treatment into Devices and Drugs.
Devices
Account for nearly 60% of the market, with demand driven by the adoption of advanced angioplasty balloons, stents, and atherectomy systems. The growing preference for minimally invasive procedures significantly boosts device utilization in peripheral artery disease treatment.
Drugs
Represent around 40% of the market, primarily including antiplatelet agents, anticoagulants, and cholesterol-lowering medications. Increased emphasis on pharmacological management and preventive care supports steady growth in this treatment segment.
Peripheral Artery Disease Market, Segmentation by Disease
The Peripheral Artery Disease Market has been segmented by Disease into Lipid Lowering Drugs, Triple-H Therapy, Glucose Regulating Drugs and Blood Clot Preventing Drugs
Lipid Lowering Drugs
Comprise nearly 35% of the market, driven by the widespread use of statins and PCSK9 inhibitors to manage cholesterol levels. These therapies play a crucial role in reducing atherosclerotic plaque formation and preventing disease progression in peripheral arteries.
Triple-H Therapy
Accounts for approximately 20% of the market, focusing on hypertension, hypervolemia, and hemodilution management. It is primarily used in complex cases to improve vascular perfusion and optimize recovery outcomes in high-risk patients.
Glucose Regulating Drugs
Hold about 25% share, targeting patients with diabetes-associated vascular complications. The use of insulin therapy and oral hypoglycemics supports improved endothelial function and reduces the risk of arterial blockage.
Blood Clot Preventing Drugs
Represent close to 20% of the market, with anticoagulants and antiplatelet agents being the primary options. These drugs help lower the risk of thrombus formation, enhancing blood flow and reducing ischemic events in affected patients.
Peripheral Artery Disease Market, Segmentation by End User
The Peripheral Artery Disease Market has been segmented by End User into Hospitals And Clinics and Ambulatory Surgery Centers.
Hospitals And Clinics
Constitute around 70% of the market share, serving as primary centers for diagnosis, medical management, and advanced interventional procedures. These facilities provide comprehensive care with access to multidisciplinary teams and specialized vascular units, ensuring timely treatment and improved patient outcomes.
Ambulatory Surgery Centers
Account for nearly 30% of the market, focusing on minimally invasive procedures such as angioplasty and stent placement. Their efficiency in same-day discharge and reduced healthcare costs makes them increasingly preferred for low to moderate complexity cases.
Peripheral Artery Disease Market, Segmentation by Geography
In this report, the Peripheral Artery Disease Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Peripheral Artery Disease Market Share (%), by Geographical Region
North America
Holds approximately 40% of the market, driven by a high prevalence of atherosclerosis, advanced vascular care infrastructure, and strong adoption of minimally invasive treatment technologies. Significant investment in R&D further supports innovation and treatment accessibility.
Europe
Accounts for nearly 30% of the market, supported by universal healthcare systems, rising screening programs, and technological advancements in endovascular therapies. Growing public health initiatives are accelerating early diagnosis and improving treatment outcomes.
Asia Pacific
Captures about 20% of the market, with rapid growth fueled by increasing diabetes incidence, expanding healthcare infrastructure, and growing awareness of preventive vascular care. Adoption of cost-effective treatment solutions is on the rise in emerging economies.
Middle East & Africa
Represents close to 6% of the market, with improvements in specialized cardiac centers and increased investment in public health screening. Efforts to expand diagnostic accessibility are driving gradual adoption of advanced treatment methods.
Latin America
Holds around 4% of the market, influenced by growing urbanization, higher incidence of peripheral vascular disease, and improved availability of endovascular procedures. Collaborative healthcare initiatives are enhancing patient access to advanced care.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Peripheral Artery Disease Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Aging Population
- Lifestyle Changes
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Advancements in Medical Technology - Innovations in diagnostic tools and treatment methods are revolutionizing the landscape of Peripheral Artery Disease (PAD) detection and management. Minimally invasive procedures, such as angioplasty and stenting, have emerged as effective alternatives to traditional open surgeries, offering reduced risk, shorter recovery times, and improved patient comfort. These procedures involve the insertion of small catheters through blood vessels, enabling the precise delivery of therapies to targeted areas of arterial blockage. Additionally, advancements in endovascular techniques, such as atherectomy and laser therapy, allow for the removal of plaque buildup and restoration of blood flow without the need for extensive surgical incisions. Such minimally invasive approaches not only minimize trauma to surrounding tissues but also result in better long-term outcomes and lower rates of complications for patients with PAD.
Improved imaging techniques play a crucial role in enhancing the accuracy and efficiency of PAD diagnosis and treatment planning. Non-invasive imaging modalities, such as ultrasound, magnetic resonance angiography (MRA), and computed tomography angiography (CTA), enable healthcare providers to visualize arterial anatomy and assess the severity of vascular occlusions with high precision. These advanced imaging technologies facilitate early detection of PAD, allowing for timely intervention and preventive measures to mitigate disease progression and reduce the risk of complications such as limb ischemia and amputation. Furthermore, the integration of imaging guidance during minimally invasive procedures enhances procedural accuracy and outcomes by providing real-time visualization of the vascular anatomy, enabling physicians to navigate complex arterial pathways and optimize treatment delivery. As diagnostic and treatment technologies continue to evolve, the outlook for PAD patients is increasingly promising, with greater opportunities for early detection, personalized intervention, and improved quality of life.
Restraints:
- Limited Awareness
- Healthcare Accessibility
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Regulatory Hurdles - The approval process for new treatments and medical devices represents a critical stage in ensuring their safety, efficacy, and quality before they reach the market. However, this process can often be lengthy and complex, posing challenges for the timely introduction of innovative solutions. Regulatory agencies such as the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in Europe enforce stringent standards to evaluate the safety and effectiveness of new therapies and devices. These standards necessitate comprehensive preclinical and clinical studies, involving rigorous testing and data analysis, to demonstrate the product's benefits outweigh potential risks. As a result, the approval timeline for new treatments and devices can extend several years, involving multiple phases of research, review, and regulatory scrutiny.
Strict regulations and compliance requirements are essential to safeguarding public health and maintaining the integrity of the healthcare system. However, they can also present significant hurdles for companies seeking to bring innovative solutions to market promptly. Meeting regulatory standards entails substantial investments in time, resources, and expertise, which may deter smaller companies or startups with limited financial capabilities. Moreover, evolving regulatory landscapes and changing requirements add further complexity to the approval process, requiring companies to navigate shifting guidelines and adapt their strategies accordingly. Despite these challenges, regulatory agencies are increasingly adopting measures to streamline the approval process, such as expedited review pathways for breakthrough therapies and enhanced collaboration with industry stakeholders. By striking a balance between safety and innovation, regulatory agencies aim to foster the timely introduction of novel treatments and devices that address unmet medical needs and improve patient outcomes.
Opportunities:
- Telemedicine and Remote Monitoring
- Emerging Markets
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Personalized Medicine - Recent advances in genetic research and the advent of personalized medicine are revolutionizing the approach to treating Peripheral Artery Disease (PAD). By delving into the genetic factors underlying PAD, researchers are uncovering valuable insights into disease mechanisms, risk factors, and individual variability in treatment response. This deeper understanding enables the development of more targeted and effective therapies tailored to the specific genetic profiles of patients. Through genetic testing and analysis, healthcare providers can identify individuals at higher risk of developing PAD or experiencing disease progression, allowing for early intervention and personalized treatment plans. Moreover, personalized medicine approaches encompass not only genetic factors but also consider other patient-specific variables such as lifestyle, co-existing conditions, and environmental influences, offering a comprehensive strategy for optimizing outcomes in PAD management.
The integration of genetic research findings into clinical practice holds immense promise for the future of PAD treatment. By identifying genetic markers associated with PAD susceptibility and progression, researchers can uncover novel therapeutic targets and develop innovative drugs that address underlying molecular pathways. Additionally, personalized medicine approaches facilitate the customization of treatment strategies based on individual patient characteristics, maximizing efficacy while minimizing adverse effects. This paradigm shift towards precision medicine not only enhances patient outcomes but also opens new avenues for therapeutic development in PAD, driving innovation and advancement in the field. As genetic research continues to evolve and personalized medicine becomes more widely adopted, the landscape of PAD treatment is poised to undergo transformative changes, offering hope for improved quality of life for patients worldwide.
Competitive Landscape Analysis
Key players in Global Peripheral Artery Disease Market include.
- Koninklijke Philips Nv
- B. Braun Melsungen Ag
- Cook
- Medtronic
- Bayer Ag
- Boston Scientific Corporation
- Becton, Dickinson And Company
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Treatment Type
- Market Snapshot, By Disease
- Market Snapshot, By End User
- Market Snapshot, By Region
- Peripheral Artery Disease Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Aging Population
- Lifestyle Changes
- Advancements in Medical Technology
- Restraints
- Limited Awareness
- Healthcare Accessibility
- Regulatory Hurdles
- Opportunities
- Telemedicine and Remote Monitoring
- Emerging Markets
- Personalized Medicine
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
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Peripheral Artery Disease Market, By Type, 2021 - 2031 (USD Million)
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Peripheral Angioplasty Balloons
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Plaque Modification Devices
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Peripheral Stents
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Peripheral Catheters
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Hemodynamic Flow Alteration Devices
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Inferior Vena Cava (IVC) Filters
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Peripheral Accessories
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- Peripheral Artery Disease Market, By Treatment Type, 2021 - 2031 (USD Million)
- Device
- Catheters
- Plaque Modification Devices
- Hemodynamic Flow Alteration Devices
- Others
- Peripheral Artery Disease Market, By Disease, 2021 - 2031 (USD Million)
- Lipid Lowering Drugs
- Triple-H Therapy
- Glucose Regulating Drugs
- Blood Clot Preventing Drugs
- Inotropes
- Thrombolytic Agents
- Anti-Inflammatory Agents
- Peripheral Artery Disease Market, By End User, 2021 - 2031 (USD Million)
- Hospitals & Clinics
- Ambulatory Surgical Clinics
- Peripheral Artery Disease Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
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- Competitive Landscape
- Company Profiles
- Koninklijke Philips Nv
- B. Braun Melsungen Ag
- Cook
- Medtronic
- Bayer Ag
- Boston Scientific Corporation
- Becton, Dickinson And Company
- Company Profiles
- Analyst Views
- Future Outlook of the Market