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Latin America Peripheral Vascular Devices Market By Type (Angioplasty Balloons, Angioplasty Stents, Catheters, Guidewires, Others); By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 69958 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Latin America Peripheral Vascular Devices MarketSize 2023 USD 509.57 million
Latin America Peripheral Vascular Devices Market, CAGR 5.50%
Latin America Peripheral Vascular Devices Market Size 2032 USD 782.21 million

Market Overview

The Latin America peripheral vascular devices market is projected to grow from USD 509.57 million in 2023 to USD 782.21 million by 2032, registering a CAGR of 5.50% during the forecast period.

The growth of the Latin America peripheral vascular devices market is driven by the increasing prevalence of cardiovascular diseases, rising demand for minimally invasive procedures, and advancements in medical technology. A growing aging population and unhealthy lifestyle habits are contributing to the surge in peripheral artery diseases, creating a need for effective treatment options. Additionally, government initiatives aimed at improving healthcare infrastructure and enhancing patient access to advanced medical devices are supporting market expansion. Technological innovations, including drug-coated balloons and bioresorbable stents, are enhancing procedural outcomes and boosting product adoption. Market players are focusing on strategic partnerships, product launches, and regional expansions to strengthen their market position. However, challenges such as limited healthcare resources in rural areas and high device costs may hinder growth. Despite these challenges, rising investments in healthcare and a focus on early disease diagnosis and treatment are expected to provide significant growth opportunities in the forecast period.

The Latin America peripheral vascular devices market is experiencing significant growth, driven by rising healthcare investments and increased adoption of minimally invasive procedures. Countries such as Brazil, Argentina, Colombia, and Chile are key markets due to their expanding healthcare infrastructure and growing burden of cardiovascular diseases. Governments and private sectors are focusing on improving access to advanced medical technologies and specialized vascular treatments. Key players contributing to the market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, and Cook Medical, among others. These companies are investing in technological innovations such as drug-coated balloons and bioresorbable scaffolds to enhance treatment outcomes and meet the region’s growing demand for advanced vascular devices. Collaborations, product launches, and strategic expansions are further intensifying competition, fostering continuous market development across Latin America.

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Market Insights

  • The Latin America peripheral vascular devices market is valued at USD 509.57 million in 2023 and is expected to reach USD 782.21 million by 2032, growing at a CAGR of 5.50%.
  • Increasing prevalence of cardiovascular diseases and peripheral artery disease (PAD) is driving demand for advanced vascular treatments.
  • Rising adoption of minimally invasive procedures, such as angioplasty, is contributing to market growth.
  • Key players like Medtronic, Boston Scientific, and Abbott Laboratories are innovating with drug-coated devices and bioresorbable stents.
  • Technological advancements in peripheral vascular devices, including next-generation stents and atherectomy tools, are shaping market dynamics.
  • High costs of advanced vascular devices and limited access in rural areas are significant market restraints.
  • Brazil, Argentina, and Chile lead the market due to advanced healthcare infrastructure and growing healthcare investments, with emerging opportunities in other Latin American countries.

Market Drivers

Increasing Prevalence of Cardiovascular Diseases

The rising incidence of cardiovascular diseases, including peripheral artery disease (PAD), is a key driver for the Latin America peripheral vascular devices market. Unhealthy lifestyle habits, such as poor diet, lack of physical activity, and high tobacco consumption, have significantly increased the risk of vascular disorders in the region. According to health reports, the growing burden of non-communicable diseases has led to higher demand for advanced diagnostic and treatment devices. For instance, the Global Burden of Disease Study highlighted that ischemic heart disease and stroke are among the leading causes of death in Andean Latin America. Peripheral vascular devices play a crucial role in restoring blood flow and reducing the risk of severe complications, thereby boosting their adoption among healthcare providers.

Favorable Government Initiatives and Healthcare Investments

Governments across Latin America are increasingly investing in healthcare infrastructure to improve patient care and access to advanced medical technologies. Public and private sector investments aimed at strengthening vascular disease management, combined with reimbursement policies supporting peripheral interventions, are creating a favorable environment for market expansion. For instance, the World Bank has been spearheading a resilience-focused health systems transformation in Latin America and the Caribbean, emphasizing investments in quality primary health care and climate-smart infrastructure. Initiatives to improve training and awareness among healthcare professionals regarding the latest treatment options are also contributing to the adoption of peripheral vascular devices in the region.

Rising Demand for Minimally Invasive Procedures

Minimally invasive procedures are gaining traction due to their reduced recovery time, lower risk of complications, and improved patient outcomes. Innovations in peripheral vascular devices, including drug-coated balloons, atherectomy devices, and stent systems, have made it possible to treat complex cases with minimally invasive techniques. The growing patient preference for less invasive interventions, coupled with advancements in catheter-based technologies, is accelerating the adoption of these devices across the region. For instance, the Latin America minimally invasive surgery market has been experiencing significant growth, driven by technological advancements and increasing healthcare expenditure. Additionally, rising awareness about the benefits of early disease detection and minimally invasive therapies is further supporting market growth.

Technological Advancements in Peripheral Vascular Devices

Ongoing technological advancements are significantly enhancing the performance and safety of peripheral vascular devices. Innovations such as bioresorbable scaffolds, advanced balloon catheters, and next-generation stents are improving treatment outcomes and reducing procedural complications. Manufacturers are focusing on developing devices that offer better flexibility, higher durability, and enhanced drug-eluting capabilities to meet evolving clinical demands. These innovations are driving product differentiation and increasing market competition, which is expected to foster continuous growth.

Market Trends

Growing Adoption of Drug-Coated Balloons and Stents

The Latin America peripheral vascular devices market is witnessing increased adoption of drug-coated balloons (DCBs) and drug-eluting stents (DES) due to their enhanced efficacy in treating peripheral artery disease (PAD). These advanced devices deliver medication directly to the affected artery walls, reducing the risk of restenosis and improving long-term outcomes. The preference for drug-coated technology is rising among healthcare providers as clinical studies demonstrate superior results compared to traditional angioplasty. For instance, the Reewarm™ PTX Drug Coated Balloon (DCB) Catheter was successfully implanted for the first time in Brazil in a popliteal artery stenosis patient, showing positive post-operative results. This trend is expected to strengthen as regulatory approvals and product availability expand across Latin America.

Rising Popularity of Bioabsorbable Scaffolds

Bioabsorbable scaffolds are emerging as a transformative innovation in the peripheral vascular devices market. Unlike traditional metallic stents, these scaffolds gradually dissolve after providing mechanical support, eliminating the need for permanent implants. The growing interest in bioresorbable technology is driven by its potential to reduce long-term complications, improve vascular healing, and enable more natural blood vessel functions. For instance, the Absorb GT1 bioresorbable vascular scaffold system, made from a polymer called poly (L-lactide), has been approved by the U.S. FDA and is being increasingly adopted due to its demonstrated safety and efficacy. With continuous advancements and clinical trials demonstrating their safety and efficacy, bioabsorbable scaffolds are expected to gain wider acceptance in the region.

Increasing Focus on Outpatient and Ambulatory Care Settings

The shift toward outpatient and ambulatory care centers for peripheral vascular interventions is a notable trend in Latin America. These settings offer cost-effective solutions, reduced hospital stays, and faster recovery times, making them attractive alternatives to traditional hospital-based procedures. The growing availability of portable and user-friendly peripheral vascular devices is facilitating this transition. Additionally, healthcare reforms and investments in ambulatory care infrastructure are encouraging the adoption of minimally invasive procedures outside conventional hospital environments, contributing to market expansion.

Emphasis on Digital Health Solutions and Remote Monitoring

Technological integration in healthcare, particularly in digital health and remote monitoring, is transforming the peripheral vascular devices landscape. The adoption of wearable devices and mobile applications for patient monitoring, coupled with data-driven decision-making, is enhancing the management of vascular conditions. Healthcare providers are increasingly leveraging telemedicine and digital platforms to monitor post-procedural outcomes and ensure timely follow-ups, improving patient compliance and outcomes. This trend is expected to drive innovation and reshape patient care strategies across Latin America.

Market Challenges Analysis

Limited Healthcare Access in Rural and Underdeveloped Regions

One of the significant challenges impacting the growth of the Latin America peripheral vascular devices market is the limited access to healthcare services in rural and underdeveloped areas. Many regions within Latin America face inadequate healthcare infrastructure, a shortage of specialized medical professionals, and limited availability of advanced medical equipment. For instance, in 2017, on average, one out of four people living in rural areas and one out of eight people living in urban areas lacked access to basic sanitation. These factors hinder the timely diagnosis and treatment of peripheral artery disease (PAD), reducing the adoption of innovative vascular devices. Additionally, the uneven distribution of healthcare facilities exacerbates disparities in patient outcomes, limiting market expansion. Efforts to bridge this gap through telemedicine and mobile health clinics are underway, but substantial investments are still required to ensure comprehensive access to advanced vascular care.

High Cost of Advanced Peripheral Vascular Devices

The high cost associated with advanced peripheral vascular devices presents another major challenge. Many cutting-edge technologies, such as drug-coated balloons, bioabsorbable scaffolds, and atherectomy devices, come with significant price tags that limit their affordability for healthcare providers and patients. In Latin America, where public healthcare systems dominate and budgets are often constrained, obtaining reimbursement for expensive procedures and devices remains a complex issue. The lack of standardized reimbursement frameworks further restricts market penetration, especially in economically disadvantaged regions. Addressing these financial barriers by promoting cost-effective innovations, fostering public-private partnerships, and developing supportive reimbursement policies will be critical to improving the adoption of peripheral vascular devices in the region.

Market Opportunities

Expanding Healthcare Infrastructure and Investments

The growing investments in healthcare infrastructure across Latin America present significant opportunities for the peripheral vascular devices market. Governments and private institutions are increasingly focusing on enhancing medical facilities, modernizing healthcare systems, and improving access to advanced technologies. These efforts are expected to drive demand for minimally invasive vascular interventions. The expansion of hospitals and specialized cardiovascular clinics, coupled with initiatives to train healthcare professionals in the latest peripheral vascular procedures, will further strengthen market prospects. Additionally, the increasing adoption of mobile health solutions and telemedicine in remote areas creates an avenue for expanding diagnostic and therapeutic services, thereby boosting the utilization of peripheral vascular devices.

Rising Awareness and Preventive Healthcare Initiatives

Growing awareness about peripheral artery disease (PAD) and related vascular conditions offers untapped growth potential. Public health campaigns aimed at educating people about early diagnosis, risk factors, and preventive measures are expected to increase the demand for advanced vascular treatments. Moreover, rising collaborations between medical device manufacturers and healthcare providers to promote awareness and early intervention programs are likely to enhance market penetration. Opportunities also exist in developing cost-effective solutions tailored to local healthcare needs, making advanced technologies more accessible. By addressing affordability concerns and focusing on localized manufacturing, companies can expand their market reach and capitalize on the growing demand for peripheral vascular devices in Latin America.

Market Segmentation Analysis:

By Type:

The Latin America peripheral vascular devices market is segmented into angioplasty balloons, angioplasty stents, catheters, guidewires, and others. Angioplasty balloons dominate the market due to their widespread use in minimally invasive procedures for clearing arterial blockages. Drug-coated and cutting-edge specialty balloons have seen increased adoption due to their superior efficacy in reducing restenosis rates. Angioplasty stents, including drug-eluting and bioresorbable types, are witnessing rising demand as they offer long-term patency and reduced reintervention rates. Catheters, used extensively in vascular diagnostics and interventions, hold a significant market share driven by technological enhancements in design and flexibility. Guidewires, essential for navigating vascular pathways, continue to gain traction with improvements in maneuverability and durability. The growing development of hybrid and next-generation devices is expected to further accelerate market growth across all product categories.

By End-user:
Based on end-user, the market is categorized into hospitals, ambulatory surgical centers (ASCs), and specialty clinics. Hospitals account for the largest market share, supported by their advanced infrastructure and specialized care facilities for cardiovascular procedures. The availability of skilled medical professionals and comprehensive diagnostic capabilities enhances their dominance. However, ambulatory surgical centers are rapidly gaining traction due to their cost-effectiveness, shorter procedure times, and improved patient outcomes. ASCs offer a growing range of minimally invasive vascular procedures, aligning with the rising preference for outpatient care. Specialty clinics focusing on vascular conditions contribute to market growth by offering specialized expertise and personalized treatment options. This segmental diversification supports broader access to peripheral vascular treatments across Latin America.

Segments:

Based on Type:

  • Angioplasty Balloons
  • Angioplasty Stents
  • Catheters
  • Guidewires
  • Others

Based on End-user:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Based on the Geography:

  • Brazil
  • Argentina
  • Peru
  • Chile
  • Colombia
  • Rest of Latin America

Regional Analysis

Brazil

Brazil holds the largest market share in the Latin America peripheral vascular devices market, accounting for over 35% in 2023. The country’s dominance is attributed to its advanced healthcare infrastructure, rising prevalence of peripheral artery disease (PAD), and increasing investments in modern medical technologies. A growing aging population and unhealthy lifestyle patterns have heightened the demand for vascular intervention procedures. Moreover, government initiatives to enhance access to healthcare services and reimbursement frameworks for advanced medical devices further support market growth. Brazilian medical institutions are increasingly adopting innovative technologies, such as drug-coated balloons and bioresorbable stents, which contribute to the expanding market. The presence of key global and regional market players also enhances the availability of cutting-edge solutions, driving competition and market penetration.

Argentina

Argentina represents a significant market share of approximately 20% within Latin America’s peripheral vascular devices sector. The country’s market growth is driven by the rising burden of cardiovascular diseases and increased adoption of minimally invasive surgical procedures. Argentina’s healthcare sector benefits from public-private partnerships and growing investments in vascular health management. Key urban centers boast well-equipped hospitals and specialty clinics that offer advanced vascular treatments, further strengthening market demand. However, economic challenges and budget constraints in public healthcare systems pose hurdles. Despite these, a gradual increase in awareness and preventive health measures is expected to fuel market expansion, with a focus on cost-effective vascular devices and improved access to diagnostic technologies.

Colombia

Colombia accounts for a growing share of the Latin America peripheral vascular devices market, driven by ongoing healthcare reforms and increased government spending on advanced medical technology. Public health initiatives aimed at combating non-communicable diseases, including cardiovascular conditions, are key growth enablers. Colombia’s adoption of minimally invasive procedures is rising, supported by the availability of specialized medical professionals and enhanced healthcare infrastructure in major cities. The government’s emphasis on public health campaigns to improve awareness about PAD and early interventions contributes to market demand. Challenges related to affordability and regional disparities in healthcare access remain, but continued investments and policy enhancements are likely to drive future market growth.

Chile

Chile is a notable market within the Latin America peripheral vascular devices sector, contributing significantly to regional growth. The country benefits from a well-structured healthcare system and a growing focus on advanced cardiovascular treatments. A strong presence of private healthcare institutions that prioritize cutting-edge medical technologies supports the adoption of innovative peripheral vascular devices. Public awareness programs aimed at reducing cardiovascular risks have also contributed to the increased uptake of vascular interventions. However, high device costs and limited reimbursement mechanisms can restrict adoption in public healthcare settings. Expanding private sector participation and initiatives to promote affordable solutions are expected to create new growth opportunities in Chile’s peripheral vascular devices market.

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Key Player Analysis

  • Medtronic plc
  • Boston Scientific Corporation
  • Cook Medical
  • Abbott Laboratories
  • Cardinal Health
  • Biotronik SE & Co. KG
  • Becton, Dickinson and Company
  • Terumo Corporation
  • Eurocor Tech GmbH
  • Merit Medical Systems, Inc.

Competitive Analysis

The Latin America peripheral vascular devices market is highly competitive, with several leading players continually innovating to maintain a strong market position. Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Medical, and Cardinal Health dominate the market by offering a wide range of advanced vascular devices, including drug-coated balloons, bioresorbable stents, and catheters. Leading companies in the market focus on offering advanced vascular treatment solutions such as drug-coated balloons, bioresorbable stents, catheters, and guidewires. The continuous development of minimally invasive procedures and next-generation devices is central to their growth strategies. Companies are investing heavily in research and development to introduce devices that improve treatment outcomes, reduce procedural risks, and lower complications associated with peripheral artery disease.

Price competition remains a significant factor, with many companies aiming to offer cost-effective solutions while maintaining high quality and performance standards. Strategic partnerships and collaborations with healthcare providers, hospitals, and clinics play a key role in enhancing market penetration and distribution channels. For instance, collaborations between companies and healthcare providers have been instrumental in expanding the reach of advanced vascular devices in rural and underserved areas. Additionally, the increasing trend toward outpatient care and ambulatory surgical centers is driving demand for efficient and affordable peripheral vascular devices. With growing healthcare investments in Latin America, competition is expected to intensify, requiring companies to continuously innovate and address evolving patient and healthcare provider needs.

Recent Developments

  • In December 2024, Terumo Interventional Systems launched the R2P™ NaviCross® peripheral support catheter in the U.S. This catheter is designed for enhanced performance in radial-to-peripheral procedures, addressing the need for advanced tools in treating PAD and critical limb ischemia.
  • In October 2024, BD was highlighted as a key player in the peripheral vascular devices market forecast report. While specific recent product launches were not detailed, BD’s ongoing commitment to R&D and innovation positions it strongly within this competitive landscape.
  • In June 2023, Cook Medical announced new size options for its Advance Serenity PTA Balloon Catheter, used for treating peripheral artery disease (PAD).
  • In June 2023, Biotronik launched the Oscar multifunctional peripheral catheter, designed for dilation of stenotic segments in peripheral vessels. The device features user-adjustable components and aims to improve procedural efficiency in treating peripheral arterial disease.

Market Concentration & Characteristics

The Latin America peripheral vascular devices market exhibits moderate concentration, with a few dominant players holding significant shares. These companies drive the market by offering advanced devices and technologies that cater to the increasing demand for vascular treatments. However, the market is also characterized by the presence of a large number of regional and local manufacturers, which increases the level of competition. The concentration of key players ensures a constant influx of innovative solutions, particularly in drug-coated balloons, stents, and minimally invasive procedures, which are essential for treating peripheral artery disease (PAD).

Key characteristics of this market include a strong focus on technological advancements and the development of minimally invasive products. There is a growing demand for cost-effective and efficient devices, especially in countries with budget constraints in healthcare systems. Additionally, the market is witnessing increased partnerships between global and regional players, which enhances distribution networks and facilitates product accessibility in emerging markets. The increasing prevalence of cardiovascular diseases, combined with improved healthcare infrastructure in major Latin American countries, further supports market growth. Despite the competitive pressure, the market is expected to maintain steady growth, with innovation and affordable pricing being key determinants for success in the region.

Report Coverage

The research report offers an in-depth analysis based on Type, End-user and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

  1. The Latin America peripheral vascular devices market is expected to continue its growth trajectory, driven by the increasing prevalence of peripheral artery disease (PAD).
  2. Advancements in minimally invasive procedures, such as angioplasty and stenting, will boost market demand for innovative vascular devices.
  3. Technological innovations in drug-coated balloons, bioresorbable stents, and atherectomy tools will shape the future of the market.
  4. Growing healthcare investments in Latin American countries will improve access to advanced peripheral vascular treatments.
  5. Rising awareness of cardiovascular diseases and early detection will drive the adoption of vascular interventions across the region.
  6. The expansion of ambulatory surgical centers (ASCs) will support the demand for cost-effective vascular devices, furthering market growth.
  7. Increasing partnerships between global players and local manufacturers will enhance market accessibility and distribution channels.
  8. A focus on developing affordable solutions will help address price sensitivity in regions with budget constraints.
  9. Regulatory changes and improved reimbursement policies in key Latin American markets will facilitate market expansion.
  10. The continued emphasis on patient-centric innovations will lead to more personalized treatments and enhanced clinical outcomes.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Peripheral Vascular Devices Market Snapshot 21

2.1.1. Latin America Peripheral Vascular Devices Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : PERIPHERAL VASCULAR DEVICES MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing prevalence of peripheral artery disease and other vascular conditions 25

4.2.2. Technological advancements in minimally invasive procedures 26

4.3. Market Restraints 27

4.3.1. High cost of peripheral vascular devices and associated procedures 27

4.4. Market Opportunities 28

4.4.1. Growing demand for peripheral vascular devices in emerging economies 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by Latin America 31

5.1.1. Latin America Peripheral Vascular Devices Market Import Volume/Revenue, By Latin America, 2018 – 2023 31

5.2. Export Analysis by Latin America 32

5.2.1. Latin America Peripheral Vascular Devices Market Export Volume/Revenue, By Latin America, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Latin America 33

6.1.1. Latin America Peripheral Vascular Devices Market Demand Volume/Revenue, By Latin America, 2018 – 2023 33

6.2. Supply Analysis by Latin America 34

6.2.1. Latin America Peripheral Vascular Devices Market Supply Volume/Revenue, By Latin America, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Latin America 35

7.1.1. Latin America Peripheral Vascular Devices Market Production Volume/Revenue, By Latin America, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

8.1.1. Latin America Peripheral Vascular Devices Market Price, By Type, 2018 – 2023 36

8.1.2. Latin America Type Market Price, By Type, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. Latin America Peripheral Vascular Devices Market: Company Market Share, by Volume, 2023 40

11.2.2. Latin America Peripheral Vascular Devices Market: Company Market Share, by Revenue, 2023 41

11.2.3. Latin America Peripheral Vascular Devices Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. Latin America Peripheral Vascular Devices Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. Latin America Peripheral Vascular Devices Market Company Volume Market Share, 2023 43

11.4. Latin America Peripheral Vascular Devices Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

Latin America Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : PERIPHERAL VASCULAR DEVICES MARKET – BY TYPE SEGMENT ANALYSIS 49

13.1. Peripheral Vascular Devices Market Overview, by Type Segment 49

13.1.1. Peripheral Vascular Devices Market Revenue Share, By Type, 2023 & 2032 50

13.1.2. Peripheral Vascular Devices Market Attractiveness Analysis, By Type 51

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51

13.1.4. Peripheral Vascular Devices Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

13.2. Angioplasty Balloons 53

13.3. Angioplasty Stents 54

13.4. Catheters 55

13.5. Guidewires 56

13.6. Others 57

CHAPTER NO. 14 : PERIPHERAL VASCULAR DEVICES MARKET – BY END-USER SEGMENT ANALYSIS 58

14.1. Peripheral Vascular Devices Market Overview, by End-user Segment 58

14.1.1. Peripheral Vascular Devices Market Revenue Share, By End-user, 2023 & 2032 59

14.1.2. Peripheral Vascular Devices Market Attractiveness Analysis, By End-user 60

14.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 60

14.1.4. Peripheral Vascular Devices Market Revenue, By End-user, 2018, 2023, 2027 & 2032 61

14.2. Hospitals 62

14.3. Ambulatory Surgical Centers 63

14.4. Specialty Clinics 64

CHAPTER NO. 15 : PERIPHERAL VASCULAR DEVICES MARKET – LATIN AMERICA ANALYSIS 65

15.1. Type 65

15.1.1. Latin America Peripheral Vascular Devices Market Revenue, By Type, 2018 – 2023 (USD Million) 65

15.2. Latin America Peripheral Vascular Devices Market Revenue, By Type, 2024 – 2032 (USD Million) 65

15.3. End-user 66

15.3.1. Latin America Peripheral Vascular Devices Market Revenue, By End-user, 2018 – 2023 (USD Million) 66

15.3.2. Latin America Peripheral Vascular Devices Market Revenue, By End-user, 2024 – 2032 (USD Million) 66

15.4. Brazil 66

15.5. Argentina 66

15.6. Peru 66

15.7. Chile 66

15.8. Colombia 66

15.9. Rest of Latin America 66

CHAPTER NO. 16 : COMPANY PROFILES 67

16.1. Medtronic plc 67

16.1.1. Company Overview 67

16.1.2. Product Portfolio 67

16.1.3. Swot Analysis 67

16.1.4. Business Strategy 68

16.1.5. Financial Overview 68

16.2. Boston Scientific Corporation 69

16.3. Cook Medical 69

16.4. Abbott Laboratories 69

16.5. Cardinal Health 69

16.6. Biotronik SE & Co. KG 69

16.7. Becton, Dickinson and Company 69

16.8. Terumo Corporation 69

16.9. Eurocor Tech GmbH 69

16.10. Merit Medical Systems, Inc. 69

 

List of Figures

FIG NO. 1. Latin America Peripheral Vascular Devices Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Latin America Peripheral Vascular Devices Market 29

FIG NO. 3. Latin America Peripheral Vascular Devices Market Import Volume/Revenue, By Latin America, 2018 – 2023 31

FIG NO. 4. Latin America Peripheral Vascular Devices Market Export Volume/Revenue, By Latin America, 2018 – 2023 32

FIG NO. 5. Latin America Peripheral Vascular Devices Market Demand Volume/Revenue, By Latin America, 2018 – 2023 33

FIG NO. 6. Latin America Peripheral Vascular Devices Market Supply Volume/Revenue, By Latin America, 2018 – 2023 34

FIG NO. 7. Latin America Peripheral Vascular Devices Market Production Volume/Revenue, By Latin America, 2018 – 2023 35

FIG NO. 8. Latin America Peripheral Vascular Devices Market Price, By Type, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for Latin America Peripheral Vascular Devices Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Peripheral Vascular Devices Market – Company Volume  Market Share, 2023 43

FIG NO. 18. Peripheral Vascular Devices Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Peripheral Vascular Devices Market Revenue Share, By Type, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Type 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 51

FIG NO. 22. Peripheral Vascular Devices Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

FIG NO. 23. Latin America Peripheral Vascular Devices Market for Angioplasty Balloons, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. Latin America Peripheral Vascular Devices Market for Angioplasty Stents, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. Latin America Peripheral Vascular Devices Market for Catheters, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. Latin America Peripheral Vascular Devices Market for Guidewires, Revenue (USD Million) 2018 – 2032 56

FIG NO. 27. Latin America Peripheral Vascular Devices Market for Others, Revenue (USD Million) 2018 – 2032 57

FIG NO. 28. Peripheral Vascular Devices Market Revenue Share, By End-user, 2023 & 2032 59

FIG NO. 29. Market Attractiveness Analysis, By End-user 60

FIG NO. 30. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 60

FIG NO. 31. Peripheral Vascular Devices Market Revenue, By End-user, 2018, 2023, 2027 & 2032 61

FIG NO. 32. Latin America Peripheral Vascular Devices Market for Hospitals, Revenue (USD Million) 2018 – 2032 62

FIG NO. 33. Latin America Peripheral Vascular Devices Market for Ambulatory Surgical Centers, Revenue (USD Million) 2018 – 2032 63

FIG NO. 34. Latin America Peripheral Vascular Devices Market for Specialty Clinics, Revenue (USD Million) 2018 – 2032 64

List of Tables

TABLE NO. 1. : Latin America Peripheral Vascular Devices Market: Snapshot 21

TABLE NO. 2. : Drivers for the Peripheral Vascular Devices Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Peripheral Vascular Devices Market: Impact Analysis 27

TABLE NO. 4. : Latin America Peripheral Vascular Devices Market Revenue, By Type, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : Latin America Peripheral Vascular Devices Market Revenue, By Type, 2018 – 2023 (USD Million) 65

TABLE NO. 7. : Latin America Peripheral Vascular Devices Market Revenue, By Type, 2024 – 2032 (USD Million) 65

TABLE NO. 8. : Latin America Peripheral Vascular Devices Market Revenue, By End-user, 2018 – 2023 (USD Million) 66

TABLE NO. 9. : Latin America Peripheral Vascular Devices Market Revenue, By End-user, 2024 – 2032 (USD Million) 66

 

Frequently Asked Questions

What is the current size of the Latin America Peripheral Vascular Devices Market?

The Latin America Peripheral Vascular Devices Market is currently valued at USD 509.57 million in 2023 and is projected to reach USD 782.21 million by 2032, growing at a compound annual growth rate (CAGR) of 5.50% during the forecast period.

What factors are driving the growth of the Latin America Peripheral Vascular Devices Market?

Key factors driving the market growth include the increasing prevalence of cardiovascular diseases and peripheral artery disease, rising demand for minimally invasive procedures, and advancements in medical technology. Additionally, government initiatives to improve healthcare infrastructure and investments in innovative devices such as drug-coated balloons and bioresorbable stents are contributing to market expansion.

What are the key segments within the Latin America Peripheral Vascular Devices Market?

The market is segmented by type into angioplasty balloons, angioplasty stents, catheters, guidewires, and others. By end-user, it is categorized into hospitals, ambulatory surgical centers, and specialty clinics. Geographically, key regions include Brazil, Argentina, Peru, Chile, Colombia, and the rest of Latin America.

What are some challenges faced by the Latin America Peripheral Vascular Devices Market?

Challenges include limited healthcare access in rural and underdeveloped areas, high costs of advanced vascular devices, and economic constraints in certain regions. These factors hinder the widespread adoption of innovative vascular treatments and create disparities in healthcare access.

Who are the major players in the Latin America Peripheral Vascular Devices Market

Leading players in the market include Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Medical, Cardinal Health, Biotronik SE & Co. KG, Becton, Dickinson and Company, Terumo Corporation, Eurocor Tech GmbH, and Merit Medical Systems, Inc. These companies focus on innovation, strategic partnerships, and regional expansions to strengthen their market presence.

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