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Philippines 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: 70777 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Philippines Peripheral Vascular Devices Market Size 2023 USD 19.27 million
Philippines Peripheral Vascular Devices Market, CAGR 5.88%
Philippines Peripheral Vascular Devices Market Size 2032 USD 30.44 million

Market Overview

The Philippines peripheral vascular devices market is projected to grow from USD 19.27 million in 2023 to USD 30.44 million by 2032, with a compound annual growth rate (CAGR) of 5.88%.

The Philippines peripheral vascular devices market is driven by the increasing prevalence of cardiovascular diseases, aging population, and rising awareness about early diagnosis and treatment. Technological advancements in minimally invasive procedures and the growing adoption of endovascular surgeries contribute to market growth. Moreover, the demand for advanced devices that offer improved precision, safety, and faster recovery is rising, fueled by the country’s expanding healthcare infrastructure. The government’s focus on enhancing healthcare access, along with increasing medical tourism, further supports the adoption of peripheral vascular devices. Additionally, the increasing healthcare expenditure and the shift towards outpatient procedures are creating a favorable environment for market expansion. With the ongoing improvements in medical device technologies and growing healthcare investments, the market is poised for steady growth over the forecast period.

The geographical analysis of the Philippines peripheral vascular devices market highlights key regions driving demand, including Metro Manila, Cebu, Davao, and Northern Luzon, where advanced healthcare infrastructure and rising awareness of cardiovascular treatments are fueling market growth. Metro Manila remains the central hub for innovation and adoption of minimally invasive vascular procedures due to its concentration of specialty clinics and hospitals. Cebu and Davao are witnessing increased investments in healthcare services and medical tourism, boosting the use of advanced peripheral vascular devices. Northern Luzon, with improving healthcare access, presents emerging growth opportunities. Key players shaping the competitive landscape include Terumo Corporation, Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, and Cook Medical. These companies focus on product innovation, strategic partnerships, and technological advancements to meet the rising demand for effective vascular treatment solutions. The ongoing development of healthcare infrastructure and increased availability of advanced medical devices are expected to sustain market growth across the country.

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Market Insights

  • The Philippines peripheral vascular devices market is projected to grow from USD 19.27 million in 2023 to USD 30.44 million by 2032, registering a CAGR of 5.88%.
  • The rising prevalence of cardiovascular diseases is a primary driver, increasing demand for angioplasty balloons, stents, and guidewires.
  • A growing preference for minimally invasive procedures is boosting the adoption of advanced peripheral vascular devices.
  • Key players like Terumo Corporation, Medtronic plc, and Abbott Laboratories focus on product innovation and strategic collaborations.
  • High costs of advanced vascular devices pose significant market restraints, limiting access for lower-income patients.
  • Metro Manila leads the market, followed by Cebu and Davao, due to better healthcare infrastructure and higher patient inflow.
  • Expanding medical tourism and healthcare investments create new growth opportunities, enhancing market penetration across regional healthcare facilities.

Market Drivers

Growing Medical Tourism in the Philippines

Medical tourism in the Philippines is rapidly expanding, driven by affordable yet high-quality healthcare services. The country’s reputation as a medical tourism hub is attracting international patients seeking advanced treatments for cardiovascular diseases. For instance, the Philippines attracts between 80,000 to 250,000 medical tourists annually, seeking various treatments including cardiovascular surgeries. This influx of patients not only boosts the demand for peripheral vascular devices but also encourages healthcare providers to adopt the latest technologies to cater to both local and international needs, further propelling the market growth.

Increasing Healthcare Access and Infrastructure

The Philippines has seen significant improvements in its healthcare infrastructure, with growing investment in healthcare facilities and medical technologies. These enhancements, along with government initiatives aimed at improving healthcare access, have led to a surge in the demand for peripheral vascular devices. For instance, the Universal Health Care (UHC) Act of 2019 has led to increased public spending on health and the expansion of health facilities across the country. With better access to hospitals and clinics, more individuals are seeking early detection and treatment for vascular diseases, thus driving market growth.

Rising Prevalence of Cardiovascular Diseases

The growing prevalence of cardiovascular diseases (CVDs) in the Philippines is a key driver for the demand for peripheral vascular devices. CVDs, including peripheral artery disease (PAD) and atherosclerosis, are increasingly affecting the population due to lifestyle changes, high cholesterol levels, and an aging population. As these diseases require early diagnosis and intervention, the need for advanced peripheral vascular devices, such as stents, catheters, and balloon angioplasty devices, continues to rise.

Technological Advancements in Minimally Invasive Procedures

Advancements in medical technology, particularly in minimally invasive procedures, are driving the adoption of peripheral vascular devices. Innovations in devices such as balloon catheters and stents are allowing for more precise and less invasive treatments for vascular conditions. These advancements result in shorter recovery times, fewer complications, and improved patient outcomes, making them highly attractive to both healthcare providers and patients. This trend is contributing significantly to the market growth in the Philippines.

Market Trends

Shift Towards Minimally Invasive Surgeries

A prominent trend in the Philippines peripheral vascular devices market is the shift towards minimally invasive surgeries. The growing preference for non-surgical treatment options, such as angioplasty and endovenous laser therapy, is driving the demand for advanced peripheral vascular devices. These procedures offer reduced recovery times, fewer complications, and a quicker return to daily activities, making them increasingly popular among patients. For instance, the Philippine Center for Advanced Surgery at Cardinal Santos Medical Center has reported a significant increase in the number of minimally invasive procedures performed annually. Healthcare providers are adopting these techniques to offer better treatment outcomes, further boosting market growth.

Increased Focus on Patient-Centered Care

The healthcare industry in the Philippines is increasingly focusing on patient-centered care, emphasizing personalized treatment options and improved patient outcomes. Peripheral vascular devices, such as drug-eluting stents and bioresorbable vascular scaffolds, are designed to improve patient comfort and reduce long-term complications. This trend toward providing tailored treatment solutions is contributing to the rising demand for advanced peripheral vascular devices, as patients seek the most effective options for managing vascular conditions.

Growing Investment in Healthcare Technology

With the continuous advancement of healthcare technology, the Philippines is seeing significant investments in state-of-the-art medical devices. The trend toward integrating cutting-edge technologies in diagnostic tools and treatment procedures is enabling more accurate and effective treatment for vascular diseases. The adoption of AI and robotics in the vascular surgery field is further enhancing the precision of procedures, contributing to the growth of the peripheral vascular devices market. These technological improvements are expected to continue driving market innovation in the coming years.

Expansion of Distribution Channels

As demand for peripheral vascular devices rises, there is a growing trend in the expansion of distribution channels within the Philippines. Manufacturers and suppliers are increasingly partnering with local distributors to reach healthcare providers in both urban and rural areas. The expansion of these distribution networks ensures that advanced devices are more readily available across the country, allowing for better access to treatment and contributing to market growth. This trend is expected to continue, particularly with the rise in demand from both local and international patients.

Market Challenges Analysis

High Cost of Advanced Peripheral Vascular Devices

One of the primary challenges facing the Philippines peripheral vascular devices market is the high cost of advanced medical devices. The expensive nature of cutting-edge devices, such as drug-eluting stents and bioresorbable scaffolds, presents a barrier for both healthcare providers and patients, particularly in low-income regions. While these devices offer improved patient outcomes, their high cost can limit their accessibility, making it difficult for hospitals and clinics to adopt the latest technologies. The financial burden of purchasing these devices is often passed onto patients, which can deter individuals from seeking necessary treatments or lead to delays in diagnosis and intervention. For instance, a report by the Philippine Statistics Authority highlighted that the high cost of advanced medical devices is a significant barrier for many healthcare providers in the region. To address this challenge, there is a need for cost-effective solutions, government subsidies, and insurance coverage to make these devices more accessible to a broader population.

Regulatory and Supply Chain Issues

Another significant challenge is the regulatory complexity and supply chain issues faced by manufacturers and distributors of peripheral vascular devices in the Philippines. The approval process for medical devices can be lengthy and complicated, delaying the availability of the latest technologies in the market. Moreover, disruptions in the global supply chain, particularly in the wake of the COVID-19 pandemic, have led to shortages and delays in the availability of key components. These issues can hinder the timely distribution of devices, leading to stockouts in hospitals and clinics and limiting access to treatment for patients in need. To mitigate these challenges, manufacturers and suppliers must work closely with regulatory authorities and enhance supply chain strategies to ensure the steady availability of critical medical devices.

Market Opportunities

Expanding Healthcare Infrastructure and Investment

The growing healthcare infrastructure in the Philippines presents significant opportunities for the peripheral vascular devices market. With increased investments in healthcare facilities, both public and private hospitals are upgrading their medical equipment to accommodate the rising demand for advanced treatments. As healthcare providers focus on improving patient outcomes and expanding their service offerings, the adoption of peripheral vascular devices, such as stents and balloon catheters, is likely to grow. Additionally, government initiatives aimed at enhancing healthcare access and addressing the needs of the aging population will create a favorable environment for the introduction of innovative medical technologies, further driving market growth.

Rising Medical Tourism and Regional Demand

The Philippines’ increasing prominence as a medical tourism hub also presents a unique opportunity for the peripheral vascular devices market. The country’s reputation for providing high-quality, affordable healthcare is attracting international patients seeking specialized treatments, including those for cardiovascular diseases. This growing influx of medical tourists not only expands the patient base but also drives the demand for advanced peripheral vascular devices. Furthermore, regional demand from neighboring Southeast Asian countries is rising as the Philippines becomes a preferred destination for vascular treatments. As healthcare providers cater to both local and international patients, the market for peripheral vascular devices is poised for steady expansion, presenting lucrative opportunities for manufacturers and suppliers to strengthen their presence in the region.

Market Segmentation Analysis:

By Type:

The Philippines peripheral vascular devices market is segmented by type into angioplasty balloons, angioplasty stents, catheters, guidewires, and others. Angioplasty balloons and stents account for a significant market share due to their critical role in minimally invasive procedures for treating vascular blockages. Advancements in drug-coated and bioresorbable stents are further driving their adoption. Catheters and guidewires are witnessing steady demand as they are essential in diagnostic and therapeutic interventions. The increasing prevalence of peripheral artery disease (PAD) and other cardiovascular conditions continues to fuel demand across these product categories. The “others” segment includes vascular closure devices and thrombectomy systems, which are gaining traction as healthcare providers prioritize better outcomes and reduced procedure times.

By End-user:

By end-user, the market is categorized into hospitals, ambulatory surgical centers, and specialty clinics. Hospitals dominate the market, driven by the availability of advanced medical equipment and a higher patient inflow for complex vascular procedures. The growing trend toward outpatient surgeries is boosting demand from ambulatory surgical centers, where cost-effective treatments and shorter hospital stays appeal to patients. Specialty clinics specializing in cardiovascular care also represent a growing market segment, supported by the rising need for specialized and patient-centric care. The expanding healthcare infrastructure in the Philippines, combined with increasing investments in medical technology, is expected to strengthen all segments over the forecast period.

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:

  • Metro Manila
  • Cebu
  • Davao
  • Northern Luzon

Regional Analysis

Metro Manila

Metro Manila holds the largest share in the Philippines peripheral vascular devices market, accounting for over 45% of the total market revenue in 2023. As the country’s capital and a major healthcare hub, Metro Manila benefits from a high concentration of well-equipped hospitals, specialty clinics, and medical research centers. The region’s advanced healthcare infrastructure, combined with a strong presence of skilled healthcare professionals, drives the adoption of peripheral vascular devices for minimally invasive treatments. Increasing health awareness and access to advanced diagnostic services further contribute to the region’s market dominance. With continued investments in healthcare technologies and infrastructure expansion, Metro Manila is expected to maintain its leading position over the forecast period.

Cebu

Cebu accounts for approximately 20% of the market share and is emerging as a key regional market for peripheral vascular devices. Known for its growing medical tourism industry, Cebu attracts both local and international patients seeking specialized cardiovascular treatments. The region’s expanding healthcare infrastructure, coupled with the presence of major hospitals and private clinics, is boosting the demand for angioplasty balloons, stents, and other peripheral vascular devices. Additionally, increasing government initiatives aimed at improving regional healthcare services are expected to enhance market growth. Continued investment in modern medical technologies will likely strengthen Cebu’s position in the market in the coming years.

Davao

Davao represents about 15% of the peripheral vascular devices market share and is one of the fastest-growing regions in the Philippines healthcare sector. The region’s strategic location and improving healthcare infrastructure are driving the adoption of advanced medical devices. Increased investment in specialty clinics and the rising prevalence of cardiovascular diseases are key factors supporting market expansion in Davao. The growing awareness of preventive cardiovascular care and the availability of minimally invasive treatment options are expected to further drive the demand for peripheral vascular devices in this region.

Northern Luzon

Northern Luzon holds approximately 10% of the market share, with demand driven by improving healthcare access and infrastructure development. Government healthcare programs aimed at enhancing medical services in rural and semi-urban areas are facilitating the adoption of peripheral vascular devices. The region’s healthcare providers are increasingly investing in modern diagnostic and therapeutic equipment to cater to the rising number of cardiovascular cases. As access to specialized treatments improves, Northern Luzon is poised to experience steady market growth, creating opportunities for device manufacturers to expand their regional footprint.

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Key Player Analysis

  • Terumo Corporation
  • Medtronic plc
  • Boston Scientific Corporation
  • Abbott Laboratories
  • Nipro Corporation
  • Cook Medical
  • Asahi Intecc Co., Ltd.
  • Braun Melsungen AG
  • MicroPort Scientific Corporation
  • Cardinal Health

Competitive Analysis

The competitive landscape of the Philippines peripheral vascular devices market is characterized by the presence of key global and regional players focusing on technological innovation and strategic partnerships to enhance market presence. Leading companies include Terumo Corporation, Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, and Cook Medical. These players dominate the market with a comprehensive product portfolio, ranging from angioplasty balloons and stents to guidewires and catheters. Their strong distribution networks and investments in research and development help them maintain a competitive edge. The market is driven by the continuous launch of advanced products designed for minimally invasive vascular procedures. For instance, companies are investing in bioresorbable scaffolds and drug-coated devices to improve patient outcomes. Additionally, partnerships with healthcare providers and distributors are helping expand market reach, especially in regions with growing healthcare infrastructure. Despite intense competition, barriers such as high device costs and regulatory complexities create challenges for new entrants. Going forward, innovation in cost-effective solutions and enhanced after-sales support will be critical factors shaping the competitive dynamics in this market. The emphasis on addressing cardiovascular disease prevalence and meeting the demand for modern vascular treatments ensures sustained competition among established players.

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 Philippines peripheral vascular devices market demonstrates a moderate level of market concentration, with a mix of global leaders and regional players shaping the competitive landscape. Established multinational corporations such as Terumo Corporation, Medtronic plc, Boston Scientific Corporation, and Abbott Laboratories hold significant market shares due to their extensive product portfolios, advanced technologies, and well-established distribution networks. These companies dominate the market by leveraging continuous research and development, innovation in minimally invasive devices, and strategic collaborations to strengthen their market presence. The availability of technologically advanced products like drug-coated balloons and bioresorbable stents contributes to their competitive advantage.

Local distributors and smaller players add diversity to the market, catering to price-sensitive segments by offering cost-effective solutions. Despite this diversity, barriers to entry, including stringent regulatory requirements and the high cost of product development, limit new market entrants. Additionally, pricing pressures and reimbursement challenges affect the competitive dynamics. The market is characterized by a growing demand for devices that enhance procedural efficiency, reduce recovery times, and improve patient outcomes. As healthcare infrastructure continues to develop, opportunities for market expansion are anticipated, driven by increased investment in medical technology and rising awareness of vascular health. The ongoing evolution of product innovations will remain a key determinant of market competition and concentration levels.

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 Philippines peripheral vascular devices market is expected to experience steady growth driven by rising cardiovascular disease prevalence.
  2. Increased adoption of minimally invasive procedures will boost demand for advanced angioplasty balloons and stents.
  3. Ongoing healthcare infrastructure improvements will create opportunities for market penetration across underserved regions.
  4. Medical tourism growth will continue to drive demand for cutting-edge vascular treatment devices.
  5. Key players will focus on product innovation and technological advancements to maintain a competitive edge.
  6. Cost-effective solutions will gain traction as healthcare providers seek affordability without compromising quality.
  7. Strategic partnerships and distribution network expansions will strengthen market reach.
  8. Regulatory reforms aimed at improving medical device approval processes may encourage new product introductions.
  9. Rising awareness of cardiovascular health will promote preventive care and increase diagnostic device adoption.
  10. The development of bioresorbable and drug-coated devices will remain a critical focus for manufacturers.

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. Philippines 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 Philippines 31

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

5.2. Export Analysis by Philippines 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Philippines 33

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

6.2. Supply Analysis by Philippines 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Philippines 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

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

8.1.2. Philippines 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. Philippines Peripheral Vascular Devices Market: Company Market Share, by Volume, 2023 40

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

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

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

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

11.4. Philippines 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

Philippines 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 – PHILIPPINES ANALYSIS 65

15.1. Type 65

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

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

15.3. End-user 66

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

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

CHAPTER NO. 16 : COMPANY PROFILES 67

16.1. Terumo Corporation 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. Medtronic plc 69

16.3. Boston Scientific Corporation 69

16.4. Abbott Laboratories 69

16.5. Nipro Corporation 69

16.6. Cook Medical 69

16.7. Asahi Intecc Co., Ltd. 69

16.8. B. Braun Melsungen AG 69

16.9. MicroPort Scientific Corporation 69

16.10. Cardinal Health 69

List of Figures

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

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

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

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

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

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

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

FIG NO. 8. Philippines 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 Philippines 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. Philippines Peripheral Vascular Devices Market for Angioplasty Balloons, Revenue (USD Million) 2018 – 2032 53

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

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

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

FIG NO. 27. Philippines 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. Philippines Peripheral Vascular Devices Market for Hospitals, Revenue (USD Million) 2018 – 2032 62

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

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

List of Tables

TABLE NO. 1. : Philippines 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. : Philippines Peripheral Vascular Devices Market Revenue, By Type, 2018 – 2023 36

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

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

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

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

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

 

Frequently Asked Questions

What is the current size of the Philippines Peripheral Vascular Devices Market?

The Philippines Peripheral Vascular Devices market is valued at USD 19.27 million in 2023 and is projected to grow to USD 30.44 million by 2032, with a compound annual growth rate (CAGR) of 5.88%.

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

What factors are driving the growth of the Philippines Peripheral Vascular Devices Market?Key growth drivers include the rising prevalence of cardiovascular diseases, an aging population, increasing medical tourism, and advancements in minimally invasive procedures. Government initiatives to improve healthcare access and infrastructure, as well as rising healthcare expenditure, further support market expansion

What are the key segments within the Philippines 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, the key regions include Metro Manila, Cebu, Davao, and Northern Luzon.

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

The high cost of advanced vascular devices and regulatory complexities are significant challenges. These factors limit accessibility for lower-income patients and create delays in the approval and distribution of new devices. Supply chain disruptions further impact the timely availability of devices.

Who are the major players in the Philippines Peripheral Vascular Devices Market?

Key players include Terumo Corporation, Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Cook Medical, Nipro Corporation, Asahi Intecc Co., Ltd., B. Braun Melsungen AG, MicroPort Scientific Corporation, and Cardinal Health. These companies focus on product innovation, strategic partnerships, and expanding their market presence.

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