Peripheral Vascular Devices And Equipment Market
By Type;
Peripheral Vascular Stents - [Balloon-Expandable Stents and Self-Expanding Stents], Percutaneous Transluminal Angioplasty Balloons - [Drug-Coated Balloons and Non-Drug-Coated Balloons], Catheters - [Diagnostic Catheters and Therapeutic Catheters], PTA Guide Wires - [Hydrophilic Guide Wires and Non-Hydrophilic Guide Wires], Atherectomy Devices - [Rotational Atherectomy Devices, Orbital Atherectomy Devices, Laser Atherectomy Devices and Directional Atherectomy Devices], Chronic Total Occlusion Devices - [CTO Crossing Devices and CTO Re-Entry Devices], Aortic Stents - [Self-Expanding Aortic Stents and Balloon-Expandable Aortic Stents], Synthetic Surgical Grafts - [Polyester Grafts, Polytetrafluoroethylene (PTFE) Grafts and Dacron Grafts], Embolic Protection Devices - [Distal Protection Devices and Proximal Protection Devices] and Inferior Vena Cava Filters - [Permanent Filters and Retrievable Filters]By Application;
Treatment of Peripheral Blood Vessels Damaged and Treatment of Peripheral Blood Vessels BlockageBy End User;
Hospital Applications and Clinic ApplicationsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Peripheral Vascular Devices And Equipment Market Overview
Peripheral Vascular Devices And Equipment Market (USD Million)
Peripheral Vascular Devices And Equipment Market was valued at USD 8,560.94 million in the year 2024. The size of this market is expected to increase to USD 13,050.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
Peripheral Vascular Devices And Equipment Market
*Market size in USD million
CAGR 6.2 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 6.2 % |
| Market Size (2024) | USD 8,560.94 Million |
| Market Size (2031) | USD 13,050.35 Million |
| Market Concentration | Medium |
| Report Pages | 318 |
Major Players
- Medtronic
- Boston Scientific Corporation
- Abbott
- Cook group
- Angiomed GmbH & Co. Medizintechnik KG
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Peripheral Vascular Devices And Equipment Market
Fragmented - Highly competitive market without dominant players
Peripheral Vascular Devices and Equipment Market is expanding steadily due to the increasing occurrence of vascular conditions such as peripheral artery blockages and venous disorders. Around 20% of older adults face vascular complications, highlighting the rising need for specialized treatment devices. The emphasis on early detection and effective management continues to strengthen demand for this growing market.
Growing Demand for Minimally Invasive Solutions
Nearly 40% of patients are now choosing minimally invasive endovascular techniques, as these methods provide quicker recovery and lower complication risks. Widely used devices like stents, catheters, and angioplasty balloons are proving highly effective in restoring proper vascular circulation. This shift toward patient-friendly therapies is accelerating adoption of peripheral vascular equipment.
Technological Innovations in Devices
Roughly 35% of new innovations focus on enhancing device efficiency through advanced coatings, drug-eluting technologies, and bioresorbable designs. These improvements are significantly raising treatment success rates and providing better long-term outcomes. Continuous advancements in device engineering are positioning the Peripheral Vascular Devices and Equipment Market as a hub for technological growth.
Expanding Use in Complex Interventions
Approximately 30% of complex vascular procedures now depend on advanced interventional equipment to manage occlusions, aneurysms, and other high-risk cases. These devices are becoming indispensable in treating severe vascular complications. Their expanding role in critical interventions underscores the vital contribution of advanced devices to the growth of the market.
Supportive Healthcare Initiatives
More than 45% of cardiovascular health programs actively integrate screening and interventional strategies, driving the accessibility of modern vascular devices. Increased investment in preventive care and clinical innovations is ensuring greater patient reach. These supportive healthcare measures are propelling the expansion of the Peripheral Vascular Devices and Equipment Market.
Peripheral Vascular Devices And Equipment Market Key Takeaways
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Rising prevalence of peripheral artery disease (PAD) growing global cases of PAD, driven by aging populations and lifestyle-related conditions, are significantly boosting the demand for vascular intervention devices.
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Technological advancements enhancing procedural outcomes the introduction of drug-eluting stents, bioresorbable scaffolds, and advanced atherectomy systems is improving treatment efficacy and patient recovery rates.
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Minimally invasive procedures gaining strong traction increased preference for catheter-based and image-guided therapies is reducing hospital stays and procedural risks, accelerating market expansion.
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R&D investment driving innovation in device design manufacturers are focusing on developing flexible, durable, and low-profile devices to address complex vascular conditions with greater precision.
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Strategic partnerships strengthening global presence collaborations between medical device companies and healthcare providers are enabling faster product adoption and expanded clinical reach.
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Regulatory approvals influencing competitive positioning firms with FDA and CE-marked products are achieving stronger penetration in mature markets across North America and Europe.
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Asia-Pacific emerging as a high-potential growth region rising healthcare expenditure, improved infrastructure, and growing awareness of vascular health are fueling device adoption across the region.
Peripheral Vascular Devices And Equipment Market Recent Developments
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In September 2024, Boston Scientific acquired Silk Road Medical to expand its vascular technology portfolio and strengthen its position in minimally invasive treatment solutions within the Peripheral Vascular Devices and Equipment Market.
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In April 2024, Johnson & Johnson completed the acquisition of Shockwave Medical, integrating intravascular lithotripsy technology to enhance treatment options for calcified arterial diseases in the Peripheral Vascular Devices and Equipment Market.
Peripheral Vascular Devices and Equipment Market Segment Analysis
In this report, the Peripheral Vascular Devices and Equipment Market has been segmented by Type, Application, End-User, and Geography. This segmentation explores the growing adoption of peripheral vascular devices designed to treat peripheral artery diseases, improve blood flow, and prevent complications such as stroke and limb amputation.
Peripheral Vascular Devices and Equipment Market, Segmentation by Type
The Type segmentation identifies the various categories of devices and equipment used in the treatment of peripheral vascular diseases. These devices are crucial in managing and treating conditions like peripheral artery disease (PAD), chronic total occlusion (CTO), and atherosclerosis.
Peripheral Vascular Stents
Peripheral Vascular Stents are used to open narrowed or blocked blood vessels in the peripheral arteries. There are two main types: Balloon-Expandable Stents and Self-Expanding Stents. These stents play a significant role in maintaining blood flow and reducing the need for invasive surgeries in patients with peripheral artery disease.
Percutaneous Transluminal Angioplasty Balloons
Percutaneous Transluminal Angioplasty Balloons are used to treat narrowed or blocked arteries. These include Drug-Coated Balloons designed to deliver medication to the arterial walls and reduce restenosis, as well as Non-Drug-Coated Balloons used to physically open the blocked vessel.
Catheters
Catheters are crucial tools in peripheral vascular interventions, including diagnostic and therapeutic purposes. Diagnostic Catheters are used to assess the state of blood vessels, while Therapeutic Catheters are used to deliver treatment directly to the affected area, such as for drug delivery or clot removal.
PTA Guide Wires
PTA Guide Wires are essential in guiding the placement of balloon catheters during angioplasty procedures. Hydrophilic Guide Wires are coated to reduce friction, while Non-Hydrophilic Guide Wires provide greater rigidity and control during procedures.
Atherectomy Devices
Atherectomy Devices are used to remove plaque from the walls of blood vessels. These include Rotational Atherectomy Devices, Orbital Atherectomy Devices, Laser Atherectomy Devices, and Directional Atherectomy Devices, each designed to treat different types of blockages and improve blood flow.
Chronic Total Occlusion Devices
Chronic Total Occlusion Devices are specialized tools used to treat completely blocked arteries. CTO Crossing Devices are used to navigate and cross through total blockages, while CTO Re-Entry Devices help to re-enter the occluded vessel for further treatment.
Aortic Stents
Aortic Stents are used to treat narrowing or blockage of the aorta. These include Self-Expanding Aortic Stents and Balloon-Expandable Aortic Stents, which are essential in the management of aortic aneurysms and other life-threatening vascular conditions.
Synthetic Surgical Grafts
Synthetic Surgical Grafts are used to bypass damaged arteries. These grafts include Polyester Grafts, Polytetrafluoroethylene (PTFE) Grafts, and Dacron Grafts, which are commonly used for vascular reconstructions and bypass surgeries.
Embolic Protection Devices
Embolic Protection Devices are used to prevent embolisms (blockages caused by traveling blood clots or plaque). These include Distal Protection Devices that capture embolic material downstream and Proximal Protection Devices that capture it at the source.
Inferior Vena Cava Filters
Inferior Vena Cava Filters are used to prevent blood clots from reaching the lungs in patients at risk of pulmonary embolism. These filters come in two types: Permanent Filters and Retrievable Filters, which can be removed after the risk has passed.
Peripheral Vascular Devices and Equipment Market, Segmentation by Application
The Application segmentation categorizes how peripheral vascular devices are used to address various types of vascular conditions. These applications are crucial in providing targeted treatments for arterial blockages and improving patient outcomes.
Treatment of Peripheral Blood Vessels Damaged
Treatment of Peripheral Blood Vessels Damaged involves using devices to treat peripheral artery disease (PAD) and vascular trauma. Treatments focus on restoring blood flow and preventing further complications by using stents, grafts, and angioplasty balloons to repair or bypass damaged vessels.
Treatment of Peripheral Blood Vessels Blockage
Treatment of Peripheral Blood Vessels Blockage focuses on clearing blockages in peripheral arteries, which are common in conditions like atherosclerosis. Devices such as atherectomy tools, angioplasty balloons, and guide wires are used to remove blockages and restore normal blood flow.
Peripheral Vascular Devices and Equipment Market, Segmentation by End-User
The End-User segmentation highlights the primary healthcare settings where peripheral vascular devices and equipment are used. These end-users play a key role in managing and treating peripheral vascular diseases.
Hospital Applications
Hospital Applications are the largest end-user segment, as hospitals provide the most advanced care for patients with severe peripheral vascular conditions. Hospitals use a wide range of devices, from stents to atherectomy systems, in both emergency and elective procedures.
Clinic Applications
Clinic Applications include specialized vascular clinics and outpatient centers, which provide diagnostic services and less invasive treatments. These settings primarily use non-invasive devices, such as diagnostic catheters and balloon angioplasty systems, to treat patients with milder peripheral vascular conditions.
Others
Other end-users include research organizations and ambulatory surgical centers that perform specialized vascular procedures and contribute to advancing the field through clinical trials and new device innovations.
Peripheral Vascular Devices and Equipment Market, Segmentation by Geography
The Geography segmentation captures regional differences in the adoption of peripheral vascular devices, influenced by healthcare infrastructure, disease prevalence, and technological advancements in each region.
Regions and Countries Analysed in this Report
North America
North America is the leading region in the peripheral vascular devices market, driven by advanced healthcare infrastructure, high incidence of peripheral artery diseases, and a strong focus on medical device innovation in the U.S. and Canada.
Europe
Europe shows steady growth in peripheral vascular device adoption, particularly in Germany, the UK, and France. The region’s focus on chronic disease management and a well-developed healthcare system are key factors driving market growth.
Asia Pacific
Asia Pacific is witnessing rapid expansion, particularly in China, Japan, and India, as healthcare access improves and the demand for vascular treatments rises due to an aging population and increasing rates of diabetes and cardiovascular diseases.
Middle East & Africa
Middle East & Africa show moderate growth, with countries like Saudi Arabia and the UAE investing in healthcare infrastructure. However, the market remains underdeveloped in some regions due to limited access to advanced medical treatments.
Latin America
Latin America is growing steadily, particularly in Brazil and Mexico, as healthcare systems improve and demand for vascular interventions rises. The region is focusing on expanding access to advanced diagnostic and treatment technologies.
Peripheral Vascular Devices And Equipment Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Global Peripheral Vascular Devices And Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development | |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities Analysis
Drivers:
- Technological Advancements
- Increasing Aging Population
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Rising Awareness and Healthcare Expenditure - The growing awareness about vascular diseases, including peripheral artery disease (PAD) and venous insufficiency, is driving increased demand for peripheral vascular devices and equipment worldwide. As individuals become more informed about the risk factors, symptoms, and consequences of vascular conditions, there is a heightened emphasis on preventive healthcare measures and early intervention strategies. This heightened awareness prompts individuals to seek medical attention for symptoms such as leg pain, swelling, and skin changes, leading to earlier diagnosis and treatment initiation. Moreover, healthcare campaigns, educational initiatives, and advocacy efforts aimed at raising awareness about vascular diseases contribute to a more informed patient population and empower individuals to proactively manage their vascular health.
In developing regions, increasing healthcare expenditure and infrastructure development initiatives play a crucial role in fueling the adoption of peripheral vascular devices and equipment. Governments and healthcare authorities are investing in expanding healthcare infrastructure, including hospitals, clinics, and diagnostic facilities, to improve healthcare accessibility and affordability for underserved populations. This infrastructure development enables timely diagnosis and treatment of vascular conditions, reducing barriers to care and enhancing patient outcomes. Additionally, improvements in healthcare financing mechanisms, such as expanded insurance coverage and reimbursement policies for vascular procedures and devices, further incentivize healthcare providers and patients to invest in peripheral vascular interventions. Overall, the combination of growing awareness and improving healthcare infrastructure in developing regions contributes to the market expansion of peripheral vascular devices and equipment.
Restraints:
- Regulatory Challenges
- High Costs and Limited Reimbursement
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Risk of Complications and Adverse Events - Despite the remarkable technological advancements in peripheral vascular devices and procedures, the inherent risks associated with these interventions remain a significant concern for both patients and healthcare providers. Complications such as infection, thrombosis, and device failure can occur despite adherence to best practices and safety protocols. These risks may stem from various factors, including the complexity of vascular anatomy, patient-specific factors such as comorbidities and anatomical variations, and procedural challenges inherent to minimally invasive techniques. Moreover, the introduction of novel technologies may introduce unforeseen risks or require a learning curve for clinicians, potentially increasing the likelihood of adverse events during the initial adoption phase.
The potential for complications and adverse outcomes poses a dilemma for patients and healthcare providers weighing the benefits of peripheral vascular interventions against the associated risks. While these procedures offer the promise of improved clinical outcomes, symptom relief, and enhanced quality of life for patients with peripheral vascular diseases, concerns about safety may lead to hesitancy or reluctance to pursue certain interventions. Healthcare providers must carefully balance the potential benefits of treatment with the risks involved, ensuring that patients are adequately informed and involved in decision-making processes. Additionally, ongoing efforts to enhance procedural safety through advancements in device design, procedural techniques, and postoperative care protocols are crucial for mitigating risks and optimizing patient outcomes in peripheral vascular interventions.
Opportunities:
- Emerging Markets and Untapped Potential
- Focus on Preventive Care and Early Intervention
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Collaborative Research and Development - Collaborative efforts between industry stakeholders, research institutions, and healthcare providers play a pivotal role in driving innovation within the peripheral vascular devices and equipment market. By pooling together expertise, resources, and perspectives from different sectors, partnerships foster a synergistic environment conducive to breakthrough discoveries and advancements. Research institutions contribute invaluable scientific knowledge and technical expertise, while industry stakeholders bring commercial acumen, market insights, and investment capabilities. Healthcare providers offer clinical insights, patient perspectives, and real-world data, guiding the development and validation of new technologies and solutions.
These partnerships enable cross-disciplinary collaboration, facilitating the translation of cutting-edge research into practical applications that address unmet clinical needs and improve patient care. Through joint research projects, collaborative funding initiatives, and technology-sharing agreements, stakeholders can accelerate the development and commercialization of innovative peripheral vascular devices and equipment. By leveraging each other's strengths and capabilities, partners can mitigate risks, reduce development costs, and expedite regulatory approvals, ultimately bringing new products to market more efficiently. Moreover, these collaborations foster a culture of innovation, knowledge exchange, and continuous improvement, driving sustained growth and competitiveness within the peripheral vascular healthcare sector.
Peripheral Vascular Devices And Equipment Market Competitive Landscape Analysis
Peripheral Vascular Devices And Equipment Market features an active competitive environment where established players and emerging innovators are pursuing strategic moves to secure higher shares. Companies are prioritizing partnerships, merger activities, and targeted collaboration to drive sustainable growth. With increasing demand, nearly 65% of the market is controlled by leading players that continue to reinforce dominance through diversification.
Market Structure and Concentration
The market demonstrates moderate concentration, with the top-tier participants holding around 60% share, while smaller firms account for the remaining portion. This balance fosters innovation and competition, compelling companies to adopt advanced strategies. Strong consolidation through merger and acquisitions is reshaping the competitive landscape and driving steady expansion in key therapeutic applications.
Brand and Channel Strategies
Leading firms are strengthening their brand value by focusing on distribution through specialized hospital networks and digital channels. Around 55% of sales are generated via institutional procurement supported by strategic partnerships. Marketing strategies increasingly emphasize training programs, physician engagement, and after-sales service, boosting both customer confidence and market penetration.
Innovation Drivers and Technological Advancements
Technological advancements are central to competition, with more than 50% of companies investing in R&D for minimally invasive solutions. Breakthrough innovation in stent design, drug-eluting technologies, and imaging guidance systems drives differentiation. Firms are integrating digital solutions with equipment, enhancing efficiency and patient outcomes, while collaboration with research institutes accelerates development.
Regional Momentum and Expansion
Regional expansion is vital as North America accounts for nearly 40% of total market share, driven by strong reimbursement frameworks and adoption of advanced devices. Meanwhile, Asia-Pacific reflects significant growth, contributing about 30% of sales due to increasing healthcare investment. Companies are adopting localized strategies and entering new partnerships to capture emerging demand.
Future Outlook
The future outlook for the market remains robust, with expected growth supported by continuous technological advancements and new product launches. By 2030, advanced strategies combining digital platforms, clinical evidence, and collaborative partnerships are projected to strengthen competitive positions. More than 70% of companies are aligning investments to long-term expansion, ensuring sustainability and innovation-led dominance.
Key players in Peripheral Vascular Devices And Equipment Market include:
- Medtronic plc
- Boston Scientific Corporation
- Abbott Laboratories
- Terumo Corporation
- Cook Medical
- Cordis
- W. L. Gore & Associates, Inc.
- Biotronik SE & Co. KG
- Becton, Dickinson and Company
- Edward Lifesciences Corporation
- Teleflex Incorporated
- AngioDynamics, Inc.
- Endologix
- Getinge AB
- Kyoto Medical Planning
In this report, the profile of each market player provides following information:
- Market Share Analysis
- 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 Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Peripheral Vascular Devices And Equipment Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements
- Increasing Aging Population
- Rising Awareness and Healthcare Expenditure
- Restraints
- Regulatory Challenges
- High Costs and Limited Reimbursement
- Risk of Complications and Adverse Events
- Opportunities
- Emerging Markets and Untapped Potential
- Focus on Preventive Care and Early Intervention
- Collaborative Research and Development
- 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
- Peripheral Vascular Devices And Equipment Market, By Type, 2021 - 2031 (USD Million)
- Peripheral Vascular Stents
- Balloon-Expandable Stents
- Self-Expanding Stents
- Percutaneous Transluminal Angioplasty Balloons
- Drug-Coated Balloons
- Non-Drug-Coated Balloons
- Catheters
- Diagnostic Catheters
- Therapeutic Catheters
- PTA Guide Wires
- Hydrophilic Guide Wires
- Non-Hydrophilic Guide Wires
- Atherectomy Devices
- Rotational Atherectomy Devices
- Orbital Atherectomy Devices
- Laser Atherectomy Devices
- Directional Atherectomy Devices
- Chronic Total Occlusion Devices
- CTO Crossing Devices
- CTO Re-Entry Devices
- Aortic Stents
- Self-Expanding Aortic Stents
- Balloon-Expandable Aortic Stents
- Synthetic Surgical Grafts
- Polyester Grafts
- Polytetrafluoroethylene (PTFE) Grafts
- Dacron Grafts
- Embolic Protection Devices
- Distal Protection Devices
- Proximal Protection Devices
- Inferior Vena Cava Filters
- Permanent Filters
- Retrievable Filters
- Peripheral Vascular Stents
- Peripheral Vascular Devices And Equipment Market, By Application, 2021 - 2031 (USD Million)
- Treatment of Peripheral Blood Vessels Damaged
- Treatment of Peripheral Blood Vessels Blockage
- Peripheral Vascular Devices And Equipment Market, By End User, 2021 - 2031 (USD Million)
- Hospital Applications
- Clinic Applications
- Peripheral Vascular Devices And Equipment 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
- Peripheral Vascular Devices And Equipment Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Medtronic plc
- Boston Scientific Corporation
- Abbott Laboratories
- Terumo Corporation
- Cook Medical
- Cordis
- W. L. Gore & Associates, Inc.
- Biotronik SE & Co. KG
- Becton, Dickinson and Company
- Edward Lifesciences Corporation
- Teleflex Incorporated
- AngioDynamics, Inc.
- Endologix
- Getinge AB
- Kyoto Medical Planning
- Company Profiles
- Analyst Views
- Future Outlook of the Market

