Global Peripheral Artery Disease Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Treatment;

Devices - Angioplasty Balloon, Angioplasty Stents (Stenting), Catheters, Plaque Modification Devices (Atherectomy) & Hemodynamic Flow Alteration Devices, Drugs - Lipid-Lowering Drugs, Blood Pressure Lowering Drugs , Glucose Regulating Drugs, and Blood Clot Preventing Drugs.

By End User;

Hospitals & Clinics and Ambulatory Surgery Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn118941037 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Peripheral Artery Disease Market (USD Million), 2021 - 2031

In the year 2024, the Global Peripheral Artery Disease Market was valued at USD 4,059.40 million. 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%.

The Global Peripheral Artery Disease (PAD) Market is experiencing significant growth due to the rising prevalence of cardiovascular diseases, increasing awareness about PAD, and advancements in medical technology. Peripheral Artery Disease, a condition characterized by narrowed arteries which reduce blood flow to the limbs, primarily affects the lower extremities and is associated with significant morbidity and mortality. The increasing incidence of risk factors such as diabetes, hypertension, and smoking has contributed to the rising number of PAD cases globally. As the global population ages, the burden of PAD is expected to grow, driving the demand for effective diagnostic and therapeutic solutions.

Technological advancements have played a crucial role in the expansion of the PAD market. Innovations in diagnostic techniques, such as advanced imaging modalities and minimally invasive procedures, have enhanced the accuracy and efficiency of PAD diagnosis and treatment. The development of drug-coated balloons, stents, and atherectomy devices has improved patient outcomes and reduced the need for repeated interventions. Additionally, the integration of telemedicine and digital health solutions has facilitated better disease management and patient compliance, further boosting market growth.

The market is also driven by increasing healthcare expenditure and supportive government initiatives aimed at improving cardiovascular health. Efforts to enhance public awareness about PAD and its risk factors through educational campaigns and screening programs have been pivotal in early diagnosis and intervention. Moreover, the growing focus on research and development by key industry players to introduce innovative products and therapies is expected to further propel the market. The collaboration between pharmaceutical companies, research institutions, and healthcare providers is anticipated to foster advancements in PAD treatment, ultimately improving patient care and driving market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Treatment
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Peripheral Artery Disease Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population
        2. Lifestyle Changes
        3. Advancements in Medical Technology
      2. Restraints
        1. Limited Awareness
        2. Healthcare Accessibility
        3. Regulatory Hurdles
      3. Opportunities
        1. Telemedicine and Remote Monitoring
        2. Emerging Markets
        3. Personalized Medicine
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Peripheral Artery Disease Market, By Treatment, 2021 - 2031 (USD Million)
      1. Devices - Angioplasty Balloon
      2. Angioplasty Stents (Stenting)
      3. Catheters
      4. Plaque Modification Devices (Atherectomy) & Hemodynamic Flow Alteration Devices
      5. Drugs - Lipid-Lowering Drugs
      6. Blood Pressure Lowering Drugs
      7. Glucose Regulating Drugs
      8. Blood Clot Preventing Drugs.
    2. Global Peripheral Artery Disease Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics
      3. Ambulatory Surgery Centers
    3. Global Peripheral Artery Disease Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Koninklijke Philips Nv
      2. B. Braun Melsungen Ag
      3. Cook
      4. Medtronic
      5. Bayer Ag
      6. Boston Scientific Corporation
      7. Becton, Dickinson And Company
  7. Analyst Views
  8. Future Outlook of the Market