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Thailand 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: 68812 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Thailand Peripheral Vascular Devices Market Size 2023 USD 36.12 million
Thailand Peripheral Vascular Devices Market, CAGR 7.08%
Thailand Peripheral Vascular Devices Market Size 2032 USD 62.46 million

Market Overview

The Thailand Peripheral Vascular Devices Market is projected to grow from USD 36.12 million in 2023 to USD 62.46 million by 2032, with a compound annual growth rate (CAGR) of 7.08%.

The Thailand Peripheral Vascular Devices market is driven by the increasing prevalence of peripheral artery diseases (PAD) and the rising geriatric population, which is more susceptible to vascular conditions. Advances in medical technology, such as minimally invasive procedures and the development of innovative, high-performance devices, are also fueling market growth. The growing demand for effective and efficient treatment options for vascular diseases, coupled with increased healthcare expenditure, is further propelling the market. Additionally, the rising awareness about cardiovascular health and the availability of advanced diagnostic and therapeutic devices are contributing to market expansion. Key trends include the integration of digital technologies, such as remote monitoring and AI-driven diagnostics, into vascular treatments, enhancing patient outcomes and driving market innovation. As healthcare infrastructure improves and demand for high-quality healthcare services grows, the market is expected to experience sustained growth in the coming years.

Thailand’s Peripheral Vascular Devices market is geographically concentrated in key regions such as Bangkok, the Eastern Economic Corridor (EEC), Chiang Mai, and Southern Thailand. Bangkok remains the central hub for advanced healthcare, driving the adoption of peripheral vascular devices due to its high concentration of hospitals and specialized medical centers. The EEC, with its growing infrastructure, also plays a significant role in market expansion. In northern and southern Thailand, the demand for peripheral vascular devices is on the rise, driven by increasing awareness of vascular diseases and expanding healthcare access. Key players in the market include major medical device manufacturers like Terumo Corporation, Medtronic plc, Boston Scientific Corporation, and Abbott Laboratories. These companies, along with regional players such as Nipro Corporation, Cook Medical, and B. Braun Melsungen AG, are actively driving the market through innovations in vascular treatments and strengthening their presence across various regions of Thailand.

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Market Insights

  • The Thailand Peripheral Vascular Devices market was valued at USD 36.12 million in 2023 and is projected to reach USD 62.46 million by 2032, growing at a CAGR of 7.08%.
  • The increasing prevalence of peripheral artery diseases (PAD) and the aging population are key drivers of market growth.
  • Technological advancements in minimally invasive procedures and the introduction of drug-eluting stents are key trends in the market.
  • The high cost of advanced vascular devices and limited healthcare infrastructure in rural areas are key market restraints.
  • Competition in the market is driven by major players like Terumo Corporation, Medtronic, Boston Scientific, and Abbott Laboratories, with an emphasis on innovation and product development.
  • Growing healthcare investments in Bangkok and the Eastern Economic Corridor (EEC) are fueling market expansion.
  • Regional growth opportunities are emerging in northern and southern Thailand as healthcare access improves.

Market Drivers

Rising Healthcare Expenditure and Access to Advanced Healthcare

Thailand’s expanding healthcare infrastructure and increasing healthcare spending are contributing to the growth of the peripheral vascular devices market. The government’s investment in healthcare services and the rise in private healthcare facilities have made advanced medical treatments more accessible to the population. For instance, Thailand’s healthcare expenditure as a percentage of GDP has been steadily increasing, reflecting the government’s commitment to improving healthcare access. As access to high-quality medical care improves, patients are more likely to seek treatment for vascular diseases, thereby driving demand for advanced peripheral vascular devices.

Awareness and Education on Vascular Health

Increased public awareness about the importance of vascular health is also influencing the market. Awareness campaigns, both by the government and private healthcare providers, are educating the public about the risks of vascular diseases and the need for early diagnosis and treatment. For instance, public health initiatives in Thailand have significantly increased awareness about the importance of early detection and treatment of vascular diseases. This has led to a greater emphasis on preventive care and early intervention, further stimulating the demand for peripheral vascular devices as patients seek effective solutions for managing vascular health.

Growing Prevalence of Peripheral Artery Diseases (PAD)

The increasing incidence of peripheral artery diseases (PAD) is one of the primary drivers of the Thailand Peripheral Vascular Devices market. As the population ages, the occurrence of vascular conditions, such as PAD, continues to rise. PAD, which is often caused by atherosclerosis, impairs blood circulation in the limbs, leading to severe complications if untreated. With Thailand’s aging population, the demand for effective treatments to manage PAD and related vascular disorders is expected to increase, driving the growth of peripheral vascular devices in the region.

Technological Advancements in Vascular Treatment

Technological innovations in peripheral vascular devices, such as minimally invasive procedures and advanced stent technologies, are significantly boosting market growth. The development of drug-eluting stents, angioplasty balloons, and thrombectomy devices provides more effective treatment options with reduced risks and faster recovery times for patients. These technological advancements allow healthcare professionals to perform complex procedures more efficiently, which is leading to greater adoption of peripheral vascular devices in Thailand’s healthcare system.

Market Trends

Focus on Personalized Treatment and Customization

Another trend driving the Thailand Peripheral Vascular Devices market is the increasing emphasis on personalized treatment options and device customization. For instance, medical professionals are increasingly tailoring treatments to individual patient needs, considering factors such as disease severity, comorbidities, and anatomical variations. This shift towards personalized care has prompted manufacturers to develop vascular devices that can be customized for different patient profiles, ensuring optimal outcomes. This trend is fostering growth in the market, as healthcare providers seek devices that can provide more precise and effective results for their patients.

Integration of Digital Technologies in Vascular Treatments

A key trend in the Thailand Peripheral Vascular Devices market is the integration of digital technologies, such as artificial intelligence (AI) and remote monitoring tools, into vascular treatments. AI-driven diagnostics and digital platforms are enhancing the precision of treatment plans, improving patient outcomes, and reducing the risk of complications. Moreover, remote monitoring systems allow healthcare providers to track patient progress post-treatment, ensuring better management of peripheral artery diseases (PAD) and other vascular conditions. The growing adoption of these technologies is expected to drive market innovation and expand the use of advanced peripheral vascular devices in the region.

Shift Towards Minimally Invasive Procedures

Minimally invasive procedures are gaining popularity in the treatment of peripheral artery diseases in Thailand, contributing to a growing trend in the market. These procedures, including angioplasty and the use of drug-eluting stents, offer patients shorter recovery times, reduced complications, and fewer hospital stays compared to traditional surgical methods. The demand for minimally invasive treatments is on the rise due to their effectiveness in managing PAD, leading to an increased demand for peripheral vascular devices that facilitate such procedures. As the healthcare industry in Thailand embraces these innovations, the market for these devices is expected to grow rapidly.

Expanding Healthcare Access in Rural Areas

The expansion of healthcare access in rural regions of Thailand is another significant trend influencing the market. Government initiatives aimed at improving healthcare infrastructure and the availability of medical treatments in remote areas have increased access to vascular care. As more patients in these regions seek treatment for vascular diseases, there is a rising demand for peripheral vascular devices. This trend is not only expanding the market but also improving the overall healthcare landscape in Thailand by ensuring more people benefit from advanced vascular treatments.

Market Challenges Analysis

High Cost of Advanced Devices

One of the significant challenges facing the Thailand Peripheral Vascular Devices market is the high cost of advanced devices. For instance, cutting-edge technologies, such as drug-eluting stents, thrombectomy devices, and AI-driven diagnostic tools, often come with substantial costs. These devices can be prohibitively expensive for both public healthcare institutions and patients, limiting their widespread adoption. While private healthcare providers may have the resources to invest in such technologies, many public facilities struggle to offer these treatments due to budget constraints. This cost barrier slows the overall market growth, particularly in lower-income segments and rural areas, where affordability remains a critical concern.

Limited Healthcare Infrastructure in Remote Areas

Another challenge affecting the market is the limited healthcare infrastructure in rural and remote areas of Thailand. While urban centers are equipped with advanced medical facilities and peripheral vascular devices, patients in rural regions often face difficulties accessing specialized care. The lack of trained medical professionals and adequate healthcare facilities in these areas hampers the effective use of advanced vascular devices. This issue not only affects patient outcomes but also limits the overall market potential, as a significant portion of the population in these areas remains underserved. Enhancing healthcare infrastructure and accessibility in rural regions will be crucial for overcoming this challenge and driving the growth of the market.

Market Opportunities

Expanding Geriatric Population and Growing Healthcare Demand

Thailand’s rapidly aging population presents a significant market opportunity for peripheral vascular devices. As the elderly population increases, the prevalence of vascular diseases such as peripheral artery disease (PAD) is expected to rise. Older individuals are more prone to circulatory issues, creating a growing demand for effective treatment solutions. With advancements in peripheral vascular devices, healthcare providers can offer more efficient, minimally invasive treatments that improve patient outcomes and quality of life. The expansion of healthcare infrastructure and the government’s commitment to enhancing medical services for the elderly further creates a favorable environment for market growth in this segment.

Innovation and Technological Advancements

Another key opportunity in the Thailand Peripheral Vascular Devices market lies in the continuous innovation and development of advanced technologies. The rise of digital health solutions, such as AI-based diagnostics and remote monitoring tools, is transforming the vascular treatment landscape. Additionally, the demand for minimally invasive and highly effective devices like drug-eluting stents and advanced angioplasty balloons is increasing as patients seek faster recovery and lower risk of complications. Manufacturers who invest in research and development to introduce next-generation peripheral vascular devices will have the opportunity to capture a larger share of the growing market. As healthcare providers increasingly adopt these cutting-edge solutions, there is substantial potential for companies to expand their reach and improve patient care outcomes.

Market Segmentation Analysis:

By Type:

The Thailand Peripheral Vascular Devices market is segmented by type, with angioplasty balloons, angioplasty stents, catheters, guidewires, and other devices being key components. Angioplasty balloons hold the largest share in this market segment, as they are widely used for the treatment of peripheral artery diseases (PAD). These devices are integral in expanding narrowed arteries, improving blood flow to the affected limbs. Angioplasty stents, often used in conjunction with balloons, are also essential for keeping arteries open after balloon dilation. Catheters and guidewires, which are essential tools in vascular procedures, are critical for navigating and accessing blocked vessels, further enhancing the efficacy of treatment. The growing demand for minimally invasive procedures is expected to drive the adoption of these devices, as patients seek options that offer faster recovery times and lower risks compared to traditional surgical methods. This trend is expected to boost the growth of the angioplasty balloon and stent market, which will lead to further advancements in device technology.

By End-user:

In terms of end-users, hospitals, ambulatory surgical centers, and specialty clinics are the primary consumers of peripheral vascular devices in Thailand. Hospitals remain the dominant end-user segment due to their ability to offer comprehensive care, including emergency and specialized vascular treatments. With increasing healthcare infrastructure development, ambulatory surgical centers are gaining traction as a preferred option for minimally invasive procedures, providing patients with quicker recovery times and lower costs compared to hospitals. Specialty clinics, focused on treating specific conditions like PAD, are also contributing to market growth by providing specialized care and advanced treatments. As healthcare providers continue to expand their offerings and reach, the demand for peripheral vascular devices is expected to rise across these segments. The shift toward outpatient care and minimally invasive treatments will likely drive market dynamics in the coming years, benefiting all segments of end-users.

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:

  • Bangkok
  • Eastern Economic Corridor (EEC)
  • Chiang Mai
  • Southern Thailand

Regional Analysis

Bangkok and Eastern Economic Corridor (EEC)

Bangkok holds the largest market share in the Thailand Peripheral Vascular Devices market, contributing approximately 40% of the total market revenue. As the capital city and economic hub of the country, Bangkok is home to a large number of healthcare facilities, including state-of-the-art hospitals and specialized medical centers. The high demand for advanced healthcare treatments, driven by an increasing number of patients seeking vascular care, drives the market growth in this region. Additionally, the presence of major healthcare providers and medical device manufacturers in Bangkok fosters innovation and enables greater accessibility to cutting-edge peripheral vascular devices. The Eastern Economic Corridor (EEC), encompassing key provinces like Chonburi, Rayong, and Chachoengsao, follows closely, accounting for approximately 30% of the market. The EEC has witnessed significant infrastructural development, including the establishment of world-class healthcare facilities, further driving the adoption of peripheral vascular devices in this region. The region’s growing healthcare infrastructure and rising disposable income contribute to its growing share of the market.

Chiang Mai

Chiang Mai, located in northern Thailand, holds around 15% of the market share for peripheral vascular devices. The region benefits from its robust healthcare system, with a range of hospitals and specialty clinics offering advanced medical treatments. Chiang Mai is also a key destination for medical tourism, attracting international patients seeking high-quality and cost-effective healthcare services, including vascular treatments. This influx of medical tourists contributes to the increased demand for peripheral vascular devices. Furthermore, the region’s aging population and rising prevalence of peripheral artery disease (PAD) are expected to drive market growth. As healthcare access improves in Chiang Mai and surrounding areas, the market for peripheral vascular devices is projected to grow steadily in the coming years.

Southern Thailand

Southern Thailand holds a smaller but growing share of approximately 10% in the Peripheral Vascular Devices market. The region’s healthcare facilities are expanding, but they are still less concentrated compared to Bangkok and the EEC. However, southern Thailand’s increasing focus on healthcare accessibility and infrastructure development is gradually improving the market’s outlook. The demand for peripheral vascular devices is on the rise as the region faces a growing number of vascular disease cases, particularly in the elderly population. The government’s efforts to enhance healthcare services in rural areas of southern Thailand are expected to drive the growth of vascular treatments and devices, leading to an uptick in market share for this region.

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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 Thailand’s Peripheral Vascular Devices market is characterized by a mix of global and regional players focusing on product innovation, strategic partnerships, and expanding their market reach. Leading players like Terumo Corporation, Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Nipro Corporation, Cook Medical, Asahi Intecc Co., Ltd., B. Braun Melsungen AG, MicroPort Scientific Corporation, and Cardinal Health are at the forefront of this market. Major players are focusing heavily on research and development to introduce advanced technologies, such as drug-eluting stents, angioplasty balloons, and minimally invasive catheters, which are increasingly preferred for the treatment of peripheral artery diseases (PAD). For instance, the market is also witnessing an uptick in the adoption of digital technologies, such as AI-based diagnostics and remote monitoring tools, that improve treatment outcomes and patient management. Competition is driven by the demand for high-quality, effective, and cost-efficient solutions, with companies actively vying for government contracts and collaborations with healthcare institutions. In addition, local players are enhancing their offerings by focusing on affordability and accessibility, especially in regional markets where healthcare infrastructure is expanding. The need for compliance with stringent regulatory standards, coupled with innovations in medical technology, continues to drive differentiation within the market. As the healthcare sector in Thailand evolves, competition among peripheral vascular device manufacturers is expected to intensify, with an increasing emphasis on patient-centric solutions and sustainable growth strategies.

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 market concentration of Thailand’s Peripheral Vascular Devices market is moderate, with a combination of global and regional players contributing to the overall competition. While international companies dominate the market due to their established presence, technological expertise, and vast distribution networks, local manufacturers are steadily gaining ground by offering cost-effective solutions tailored to the specific needs of the Thai healthcare sector. The market characteristics reflect a growing demand for advanced, minimally invasive devices, driven by an increase in peripheral artery diseases (PAD) and an aging population. Product innovation, such as drug-eluting stents and angioplasty balloons, is a key differentiator, as patients and healthcare providers seek more effective and less invasive treatment options. Additionally, the market is increasingly shifting towards digital technologies, such as AI-assisted diagnostics and remote monitoring, further improving patient care and management. Companies are also focusing on improving accessibility and affordability, particularly in rural and underserved regions, to tap into the expanding healthcare infrastructure in Thailand. The competitive environment is further shaped by the regulatory landscape, with players working to ensure compliance with stringent medical device standards. As the market continues to evolve, the focus will likely remain on offering high-quality, patient-centered solutions that cater to both the growing healthcare demand and cost-conscious market segments.

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 Thailand Peripheral Vascular Devices market is expected to grow at a steady pace, driven by increasing healthcare investments and aging population.
  2. The demand for minimally invasive procedures will continue to rise, propelling market growth.
  3. Technological advancements in device design, such as drug-eluting stents, will enhance treatment efficacy and patient outcomes.
  4. The adoption of digital health solutions, like AI-powered diagnostics and remote monitoring, will increase within the market.
  5. Regional healthcare infrastructure expansion will create new opportunities for peripheral vascular devices in underserved areas.
  6. Key players will focus on enhancing product affordability to cater to both urban and rural healthcare needs.
  7. Growing awareness about vascular diseases will boost demand for preventative and treatment devices.
  8. Collaboration with healthcare providers and government initiatives will drive market penetration in new regions.
  9. Regulatory compliance will become a key focus as manufacturers strive to meet stringent medical device standards.
  10. The market will experience heightened competition as both global and local players innovate and expand their presence.

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. Thailand 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 Thailand 31

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

5.2. Export Analysis by Thailand 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Thailand 33

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

6.2. Supply Analysis by Thailand 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Thailand 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

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

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

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

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

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

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

11.4. Thailand 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

Thailand 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 – THAILAND ANALYSIS 65

15.1. Type 65

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

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

15.3. End-user 66

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

15.3.2. Thailand 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. Thailand Peripheral Vascular Devices Market Revenue, 2018 – 2032 (USD Million) 22

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

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

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

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

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

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

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

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

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

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

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

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

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

List of Tables

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

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

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

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

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

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

 

Frequently Asked Questions

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

The Thailand Peripheral Vascular Devices market was valued at USD 36.12 million in 2023 and is projected to grow to USD 62.46 million by 2032, with a CAGR of 7.08%.

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

Key factors driving market growth include the rising prevalence of peripheral artery diseases (PAD), an aging population, advancements in minimally invasive procedures, and the introduction of innovative technologies like drug-eluting stents. Increased healthcare spending, growing awareness of cardiovascular health, and improved healthcare infrastructure are also significant contributors.

What are the key segments within the Thailand Peripheral Vascular Devices Market?

The market is segmented by type into angioplasty balloons, angioplasty stents, catheters, guidewires, and others. By end-user, it includes hospitals, ambulatory surgical centers, and specialty clinics. Geographically, the key regions are Bangkok, the Eastern Economic Corridor (EEC), Chiang Mai, and Southern Thailand.

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

Challenges include the high cost of advanced devices, which limits accessibility, and the limited healthcare infrastructure in rural areas. These factors hinder the widespread adoption of peripheral vascular devices, especially in underserved regions.

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

Leading players include Terumo Corporation, Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, Nipro Corporation, Cook Medical, Asahi Intecc Co., Ltd., B. Braun Melsungen AG, MicroPort Scientific Corporation, and Cardinal Health. These companies drive market growth through innovation, strategic collaborations, and a focus on advanced vascular treatments.

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Published:
Report ID: 70366

Thailand Peritoneal Dialysis Market

Published:
Report ID: 67377

Thailand Water Pump Market

Published:
Report ID: 66898

Thailand Mainframe Modernization Services Market

Published:
Report ID: 66756

Thailand Data Center Market

Published:
Report ID: 61908

Endoscopic Vessel Harvesting Systems Market

Published:
Report ID: 4328

South Africa Medical Gas and Equipment Market

Published:
Report ID: 75642

Compliance Monitoring Devices Market

Published:
Report ID: 75564

Continuous Glucose Monitoring Devices Market

Published:
Report ID: 4258

Internal Radiation Therapy Market

Published:
Report ID: 75411

Image Guided Radiotherapy Market

Published:
Report ID: 75382

Flat Panel X-Ray Detectors Market

Published:
Report ID: 74896

Hemostasis Testing Systems Market

Published:
Report ID: 74856

Cardiac Ultrasound Systems Market

Published:
Report ID: 74702

Aesthetic Medical Devices Market

Published:
Report ID: 74587

Italy Diabetes Care Devices Market

Published:
Report ID: 64898

Transplant Monitoring Kits Market

Published:
Report ID: 74464

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