U.S. Peripheral Vascular Devices And Accessories Market Size, Share & Trends Analysis Report By Product, By Guidewire Coating (Hydrophilic Coating, Hydrophobic Coating), By Guidewire Tip Weight Wire, And Segment- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The U.S. peripheral vascular devices and accessories market size was exhibited at USD 5.42 billion in 2022 and is projected to hit around USD 9.34 billion by 2032, growing at a CAGR of  5.6% during the forecast period 2023 to 2032.

U.S. Peripheral Vascular Devices And Accessories Market Size, 2023 to 2032

Key Takeaways:

  • Based on product, peripheral vascular stents dominated the market for peripheral vascular devices and accessories and accounted for the largest revenue share of 38.6% in 2022.
  • In addition, peripheral accessories are expected to be the fastest-growing segment, growing at a significant growth rate over the forecast period.
  • The extra support tip segment dominated the U.S. peripheral vascular devices and accessories market with a revenue share of 49.6% in 2022.
  • Furthermore, this segment is also expected to exhibit lucrative growth over the forecast period.
  • In 2022, based on guidewire coating, hydrophilic guidewire coating accounted for the highest revenue share of 88.7% in the market

U.S. Peripheral Vascular Devices And Accessories Market Report Scope

Report Attribute Details
Market Size in 2023 USD 5.72 Billion
Market Size by 2032 USD 9.34 Billion
Growth Rate From 2023 to 2032 CAGR of  5.6%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product, Guidewire coating, Guidewire tip weight wire
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Key Companies Profiled Abbott Laboratories; Terumo Medical Corporation; Medtronic Inc.; Boston Scientific Corporation; Cordis; Philips; AngioDynamics, Inc.; Asahi Intecc Co. Ltd.; Becton Dickinson and Co; BIOTRONIK; Biosensors International Group; B. Braun; iVascular; Merit Medical; Cook Group Inc.

Growing prevalence of venous diseases or Chronic Venous Insufficiency (CVI) is one of the key factors driving the growth of this market for peripheral vascular devices and accessories. In addition, growing geriatric population and increasing demand for minimally invasive endovascular procedures is further increasing its adoption.

Furthermore, increasing prevalence of atherosclerosis and Peripheral Arterial Disease (PAD) or Peripheral Vascular Disease (PVD) is one of the factors driving the market. In addition, rising geriatric population is contributing to the high incidence of PVD in the country as well as across the globe. For instance, according to CDC, in the U.S., nearly 8.5 million people have PAD, of which 12%-20% of people are above the age of 60. Thus, rising geriatric population, coupled with increasing prevalence of PAD is anticipated to boost the market for peripheral vascular devices and accessories in the coming years.

In addition, changing lifestyle and eating habits are some of the significant factors leading to an increase in the incidence of PVD, thereby boosting the demand for these devices. Various factors such as high consumption of alcohol, cigarettes, and tobacco products, and less physical activity, which is expected to propel the demand for peripheral vascular devices. For instance, according to the CDC, smoking and aging are among the risk factors for PAD.

Increasing demand for minimally invasive surgeries for treating vascular disease is an important factor driving the demand for peripheral vascular devices in the market. Minimally invasive procedures facilitate or accelerate the recovery process and cause fewer traumas to patients, thereby increasing its preference among patients. Moreover, these procedures require shorter hospital stays, which makes them more cost-effective for patients. Hence, these benefits are expected to increase the demand for peripheral vascular devices in the market.

Furthermore, minimally invasive procedures minimize post-surgery complications and reduce mortality rates. For instance, open bypass surgery was the standard for lower extremity vascular disease. However, it is associated with significant morbidity and mortality, and post-surgery complications, hence negatively impact the quality of life. Minimally invasive procedures, including balloon angioplasty, drug-eluting technologies, excisional atherectomy, or laser ablation that are significantly in improving quality of life. According to a research study published by the University of Wisconsin School of Medicine and Public Health, minor and major complications were less in patients undergoing balloon angioplasty in comparison with open surgical bypass. Hence, the increasing preference towards minimally invasive surgeries such as balloon angioplasty is likely to fuel the growth of the market for peripheral vascular devices and accessories in near future.

Moreover, an increasing number of products being recalled may negatively impact the brand image of the company, which eventually affects the demand for its existing product in the market. For instance, in 2018, Bard Peripheral Vascular, Inc. recalled Halo One Thin-Walled Guiding Sheath, which is used to guide or introduce interventional and diagnostic devices into arteries and veins. The product is recalled as the company reported that the sheath body may get detached from the sheath hub, and the sheath or its tip may become damaged during the procedure. The FDA has designated the product with Class I status, which is the most critical type of recall. Thus, product recalls of peripheral vascular devices are among the significant factors restraining market growth. However, with the changing scenario of regulations in the country and across the globe, the process of approval may become stringent in the coming years, which may reduce product recalls and promote market growth.

Product Insights

Based on product, peripheral vascular stents dominated the market for peripheral vascular devices and accessories and accounted for the largest revenue share of 38.6% in 2022. This high share is attributable to technological advancements in stent technology and the increasing demand for minimally invasive procedures. Furthermore, the peripheral stent market is majorly driven by a growing patient pool requiring immediate stent placement, technological innovations in peripheral vascular interventions, and a growing number of government initiatives.

In addition, peripheral accessories are expected to be the fastest-growing segment, growing at a significant growth rate over the forecast period. Growing demand for peripheral accessories in peripheral vascular interventions is one of the major factors expected to propel the growth of the market for peripheral vascular devices and accessories in the coming years. Moreover, the development of better accessories, beneficial during the peripheral vascular interventions, and enhancing the ease of accessibility is likely to boost the adoption of peripheral accessories in the coming years.

Guidewire Tip Weight Wire Insights

The extra support tip segment dominated the U.S. peripheral vascular devices and accessories market with a revenue share of 49.6% in 2022. Torque movement, fine control, and support provided for the treatment of complex and diffuse lesions are some of the key factors fueling market growth. In addition, these types of guidewires are also beneficial in providing support to the delivery of bulky devices. Some of the examples of extra support tip guidewires provided by Boston Scientific are PT family: PT Choice, PT Graphix, and PT 2.

Furthermore, this segment is also expected to exhibit lucrative growth over the forecast period due to its use for treatment and diagnosis of chronic occlusions, distal lesions, and tortuous anatomies. In addition, enhancement in steerability and flexibility of the guidewire due to higher tip load, availability of hydrophilic and hydrophobic variants, and power of tackling complex lesions are some of the advantages boosting the adoption of extra support guidewires, thereby propelling the growth of the market during the forecast period.

Guidewire Coating Insights

In 2022, based on guidewire coating, hydrophilic guidewire coating accounted for the highest revenue share of 88.7% in the market for peripheral vascular devices and accessories. This is owing to easy accessibility and a more slippery nature when combined with water. Furthermore, factors such as a reduction in friction and increase in trackability are expected to propel the growth of the market for peripheral vascular devices and accessories during the forecast period.

In addition, this segment is expected to witness the highest CAGR owing to benefits such as tackling tortuous lesions and help in finding microchannels in occlusions. Furthermore, increasing innovations and advancements by various players is expected to increase the adoption of guidewires with a hydrophilic coating. For instance, NaviPro guidewire, provided by Boston Scientific, is 100 percent hydrophilic guidewire useful for smooth passage through tortuous lesions or anatomy. Therefore, due to the advantages provided by hydrophilic guidewires and the increasing number of innovative guidewires with a hydrophilic coating, the market is expected to witness lucrative growth over the forecast period.

Key Companies & Market Share Insights

Competition is strong among existing players owing to the rise in demand for minimally invasive procedures and increasing adoption of peripheral vascular devices coupled with technological advancements. The rising demand in the market for peripheral vascular devices and accessories is likely to promote the entry of new companies in the future.

Furthermore, increase in mergers and acquisitions and partnership activities to acquire new technologies are expected to boost the competition and propel the growth of the market for peripheral vascular devices and accessories. For instance, in September 2020, Medtronic announced the acquisition of Avenu Medical. This would help in strengthening the product portfolio of the company in the peripheral vascular access business. Therefore, increasing strategic initiatives by major players in the market for peripheral vascular devices and accessories is expected to propel the growth during the forecast period. Some of the prominent players in the U.S. peripheral vascular devices and accessories market include:

  • Abbott Laboratories
  • Terumo Medical Corporation
  • Medtronic, Inc.
  • Boston Scientific Corporation
  • Cordis
  • Philips
  • AngioDynamics, Inc.
  • Asahi Intecc Co. Ltd.
  • Becton Dickinson and Co
  • BIOTRONIK
  • Biosensors International Group
  • B. Braun
  • iVascular
  • Merit Medical
  • Cook Group Inc.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the U.S. Peripheral Vascular Devices And Accessories market.

By Product 

  • Peripheral Stents
    • Carotid Artery Stents
    • Renal Artery Stents
    • Femoral Artery Stents
    • Iliac Artery Stents
    • Other Peripheral Stents
  • PTA Balloons
  • Catheters
    • Angiography Catheters
    • Guiding Catheters
    • IVUS/OCT Catheters
  • Peripheral Accessories
    • Guidewires
      • Workhorse Guidewires
      • Frontline Finesse Guidewires
      • Extra Support Guidewires
      • Specialty Guidewires
    • Peripheral Vascular Closure Devices
    • Introducer Sheaths
    • Balloon Inflation Devices

By Guidewire Coating 

  • Hydrophilic Coating
  • Hydrophobic Coating

By Guidewire Tip Weight Wire 

  • Floppy Tip
  • Balanced Tip
  • Extra Support Tip

Frequently Asked Questions

The U.S. peripheral vascular devices and accessories market size was exhibited at USD 5.42 billion in 2022 and is projected to hit around USD 9.34 billion by 2032

The U.S. peripheral vascular devices & accessories market is expected to grow at a compound annual growth rate of 4.6% from 2023to 2032

Some key players operating in the U.S. peripheral vascular devices & accessories market include Abbott Laboratories, Angioscore Inc., Edward Lifesciences Corporation, Medtronic Inc., St. Jude Medical, Teleflex Medical, Volcano Corporation, Boston Scientific Corporation, Teleflex Medical, Cook Group Inc., Cordis Corporation, Covidien, Edward Lifesciences, C.R.Bard, St. Jude Medical, Terumo Interventional Systems Inc., Bayer, Endologix, B Braun Inc., Volcano Corporation, Endologix, W.L.Gore and Associates Ltd., and Angioscore Ltd.

Key factors driving the U.S. peripheral vascular devices & accessories market growth include higher adoption rates of minimally invasive surgeries coupled with the presence of high patient awareness and healthcare expenditure levels.

Chapter 1 Methodology and Scope
                  1.1 Research Methodology
                  1.2 Information Procurement
                      1.2.1 Purchased Database
                      1.2.2 Nova one advisor Internal Database
                      1.2.3 Secondary Sources
                      1.2.4 Primary Research
                      1.2.5 Details Of Primary Research
                  1.3 Information or Data Analysis
                      1.3.1 Data Analysis Models
                  1.4 Segment Share Calculation
                  1.5 Model Details
                      1.5.1 Commodity Flow Analysis
                          1.5.1.1 Approach 1: Market Share Analysis
                  1.6 Market Formulation & Validation
                  1.7 List of Secondary Sources
Chapter 2 Executive Summary
                  2.1 U.S. Peripheral Devices & Accessories Market Snapshot
Chapter 3 U.S. Peripheral Devices & Accessories Market Variables, Trends, & Scope
                  3.1 Market Segmentation and Scope
                  3.2 Penetration & Growth Prospects Mapping
                  3.3 Market Dynamics
                      3.3.1 Market Driver Analysis
                          3.3.1.1 Rising prevalence of peripheral vascular disease
                          3.3.1.2 Increasing preference for minimally invasive vascular interventions
                      3.3.2 Market Restraint Analysis
                          3.3.2.1 Product recalls owing to safety concerns
                  3.4 U.S. Peripheral Vascular Devices & Accessories Industry Analysis - Porter’s
                  3.5 U.S. Peripheral Vascular Devices & Accessories Industry Analysis - PEST
                  3.6 Number of Peripheral Vascular Procedures Performed, 2020 - 2032
                  3.7 Average Cost of Peripheral Vascular Procedures, 2020 - 2032
                  3.8 Average Selling Price (ASP) Analysis, By Product Type, 2020 - 2032
Chapter 4 U.S. Peripheral Devices & Accessories Market: Competitive Analysis
                  4.1 Recent Developments & Impact Analysis, by Key Market Participants
                  4.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
                  4.3 Key Company Market Share Analysis, 2023
                  4.4 Company Position Analysis
                  4.5 List of Key Emerging Companies/Technology Disruptors/Innovators
                  4.6 Major Deals and Strategic Alliances Analysis
                      4.6.1 Terumo Medical Corporation
                      4.6.2 Merit Medical
                      4.6.3 Medtronic Plc.
                      4.6.4 Koninklijke Philips
                      4.6.5 Angiodynamics, Inc.
                      4.6.6 Asahi Intecc Co. Ltd.
                      4.6.7 Boston Scientific Corporation
                      4.6.8 Becton, Dickinson And Company
                      4.6.9 Abbott
                      4.6.10 iVascular
                  4.7 Heat Map Analysis for Peripheral Vascular Devices & Accessories
Chapter 5 U.S. Peripheral Devices & Accessories Market: Product Estimates & Trend Analysis
                  5.1 U.S. Peripheral Devices & Accessories Market: Product Movement Analysis, 2023 & 2032
                  5.2 Peripheral Stents
                      5.2.1 Peripheral Stents Market Estimates And Forecasts, 2020 - 2032
                      5.2.2 Peripheral Stents Volume Estimates And Forecasts, 2020 - 2032
                      5.2.3 Carotid Artery Stents
                          5.2.3.1 Carotid artery stents market estimates and forecasts, 2020 - 2032
                          5.2.3.2 Carotid artery stents volume estimates and forecasts, 2020 - 2032
                      5.2.4 Renal Artery Stents
                          5.2.4.1 Renal artery stents market estimates and forecasts, 2020 - 2032
                          5.2.4.2 Renal artery stents volume estimates and forecasts, 2020 - 2032
                      5.2.5 Femoral Artery Stents
                          5.2.5.1 Femoral artery stents market estimates and forecasts, 2020 - 2032
                          5.2.5.2 Femoral artery stents volume estimates and forecasts, 2020 - 2032
                      5.2.6 Iliac Artery Stents
                          5.2.6.1 Iliac artery stents market estimates and forecasts, 2020 - 2032
                          5.2.6.2 Iliac artery stents volume estimates and forecasts, 2020 - 2032
                      5.2.7 Other Peripheral Stents
                          5.2.7.1 Other Peripheral Stents market estimates and forecasts, 2020 - 2032
                          5.2.7.2 Other Peripheral Stents volume estimates and forecasts, 2020 - 2032
                  5.3 PTA Balloons
                      5.3.1 PTA Balloons Market Estimates And Forecasts, 2020 - 2032
                      5.3.2 PTA Balloons Volume Estimates And Forecasts, 2020 - 2032
                  5.4 Catheters
                      5.4.1 Catheters Market Estimates And Forecasts, 2020 - 2032
                      5.4.2 Catheters Volume Estimates And Forecasts, 2020 - 2032
                      5.4.3 Angiography Catheters
                          5.4.3.1 Angiographic catheters market estimates and forecasts, 2020 - 2032
                          5.4.3.2 Angiographic catheters volume estimates and forecasts, 2020 - 2032
                      5.4.4 Guiding Catheters
                          5.4.4.1 Guiding catheter market estimates and forecasts, 2020 - 2032
                          5.4.4.2 Guiding catheter volume estimates and forecasts, 2020 - 2032
                      5.4.5 IVUS/OCT Catheters
                          5.4.5.1 IVUS/OCT Catheters market estimates and forecasts, 2020 - 2032
                          5.4.5.2 IVUS/OCT Catheters volume estimates and forecasts, 2020 - 2032
                  5.5 Peripheral Accessories
                      5.5.1 Peripheral Accessories Market Estimates And Forecasts, 2020 - 2032
                      5.5.2 Peripheral Accessories Volume Estimates And Forecasts, 2020 - 2032
                      5.5.3 Guidewires
                          5.5.3.1 Guidewires market estimates and forecasts, 2020 - 2032
                          5.5.3.2 Guidewires volume estimates and forecasts, 2020 - 2032
                          5.5.3.3 Workhorse Guidewires
                               5.5.3.3.1Workhorse guidewires market estimates and forecasts, 2020 - 2032
                               5.5.3.3.2Workhorse Guidewires volume estimates and forecasts, 2020 - 2032
                          5.5.3.4 Frontline Finesse Guidewires
                               5.5.3.4.1Frontline finesse guidewires market estimates and forecasts, 2020 - 2032
                               5.5.3.4.2Frontline finesse guidewires volume estimates and forecasts, 2020 - 2032
                          5.5.3.5 Extra support Guidewires
                               5.5.3.5.1Extra support guidewires market estimates and forecasts, 2020 - 2032
                               5.5.3.5.2Extra support guidewires volume estimates and forecasts, 2020 - 2032
                          5.5.3.6 Specialty Guidewires
                               5.5.3.6.1Specialty Guidewires market estimates and forecasts, 2020 - 2032
                               5.5.3.6.2Specialty Guidewires volume estimates and forecasts, 2020 - 2032
                      5.5.4 Peripheral Vascular Closure Devices
                          5.5.4.1 Peripheral vascular closure devices market estimates and forecasts, 2020 - 2032
                          5.5.4.2 Peripheral vascular closure devices volume estimates and forecasts, 2020 - 2032
                      5.5.5 Introducer Sheaths
                          5.5.5.1 Introducer sheaths market estimates and forecasts, 2020 - 2032
                          5.5.5.2 Introducer sheaths volume estimates and forecasts, 2020 - 2032
                      5.5.6 Balloon Inflation Devices
                          5.5.6.1 Balloon inflation devices market estimates and forecasts, 2020 - 2032
                          5.5.6.2 Balloon inflation devices volume estimates and forecasts, 2020 - 2032
Chapter 6 U.S. Peripheral Devices & Accessories Market: Guidewire Coating Type Estimates & Trend Analysis
                  6.1 U.S. Peripheral Devices & Accessories Market: Guidewire Coating Type Analysis, 2023 & 2032
                  6.2 Hydrophobic Coating Guidewires
                      6.2.1 Hydrophobic Coating Guidewires Market Estimates And Forecasts, 2020 - 2032
                      6.2.2 Hydrophobic Coating Guidewires Volume Estimates And Forecasts, 2020 - 2032
                  6.3 Hydrophilic Coating Guidewire
                      6.3.1 Hydrophilic Coating Guidewire Market Estimates And Forecasts, 2020 - 2032
                      6.3.2 Hydrophilic Coating Guidewires Volume Estimates And Forecasts, 2020 - 2032
Chapter 7 U.S. Peripheral Devices & Accessories Market: Guidewire Tip Weight Wire Type Estimates & Trend Analysis
                  7.1 U.S. Peripheral Devices & Accessories Market: Guidewire Tip Weight Wire Type Analysis, 2023 & 2032
                  7.2 Floppy Tip Guidewires
                      7.2.1 Floppy Tip Guidewire Market Estimates And Forecasts, 2020 - 2032
                      7.2.2 Floppy Tip Guidewire Volume Estimates And Forecasts, 2020 - 2032
                  7.3 Balanced Tip Guidewire
                      7.3.1 Balanced Tip Guidewire Market Estimates And Forecasts, 2020 - 2032
                      7.3.2 Balanced Tip Guidewire Volume Estimates And Forecasts, 2020 - 2032
                  7.4 Extra Support Tip Guidewire
                      7.4.1 Extra Support Tip Guidewires Market Estimates And Forecasts, 2020 - 2032
                      7.4.2 Extra Support Tip Guidewire Volume Estimates And Forecasts, 2020 - 2032
Chapter 8 Competitive Landscape
                  8.1 Terumo Medical Corporation
                      8.1.1 Company Overview
                      8.1.2 Financial Performance
                      8.1.3 Product Benchmarking
                      8.1.4 Strategic Initiatives
                  8.2 Merit Medical Systems
                      8.2.1 Company Overview
                      8.2.2 Financial Performance
                      8.2.3 Product Benchmarking
                      8.2.4 Strategic Initiatives
                  8.3 Medtronic
                      8.3.1 Company Overview
                      8.3.2 Financial Performance
                      8.3.3 Product Benchmarking
                      8.3.4 Strategic Initiatives
                  8.4 Cook Medical
                      8.4.1 Company Overview
                      8.4.2 Product Benchmarking
                      8.4.3 Strategic Initiatives
                  8.5 Cordis (Part of Cardinal Health)
                      8.5.1 Company Overview
                      8.5.2 Financial Performance
                      8.5.3 Product Benchmarking
                      8.5.4 Strategic Initiatives
                  8.6 Koninklijke Philips N.V.
                      8.6.1 Company Overview
                      8.6.2 Financial Performance
                      8.6.3 Product Benchmarking
                      8.6.4 Strategic Initiatives
                  8.7 Abbott
                      8.7.1 Company Overview
                      8.7.2 Financial Performance
                      8.7.3 Product Benchmarking
                      8.7.4 Strategic Initiatives
                  8.8 Boston Scientific Corporation
                      8.8.1 Company Overview
                      8.8.2 Financial Performance
                      8.8.3 Product Benchmarking
                      8.8.4 Strategic Initiatives
                  8.9 B. Braun Melsungen AG
                      8.9.1 Company Overview
                      8.9.2 Financial Performance
                      8.9.3 Product Benchmarking
                      8.9.4 Strategic Initiatives
                  8.10 AngioDynamics
                      8.10.1 Company Overview
                      8.10.2 Financial Performance
                      8.10.3 Product Benchmarking
                      8.10.4 Strategic Initiatives
                  8.11 iVascular S.L.U
                      8.11.1 Company Overview
                      8.11.2 Product Benchmarking
                  8.12 Asahi Intecc Co. Ltd.
                      8.12.1 Company Overview
                      8.12.2 Financial Performance
                      8.12.3 Product Benchmarking
                  8.13 Biosensors International Group, Ltd.
                      8.13.1 Company Overview
                      8.13.2 Product Benchmarking
                  8.14 Biotronik SE & Co KG.
                      8.14.1 Company Overview
                      8.14.2 Product Benchmarking
                      8.14.3 Strategic Initiatives
                  8.15 Becton, Dickinson and Company
                      8.15.1 Company Overview
                      8.15.2 Financial Performance
                      8.15.3 Product Benchmarking
                      8.15.4 Strategic Initiatives

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