Peripheral vascular diseases (PVD) are caused by the formation of atherosclerotic plaques in arteries, which carry blood to organs, limbs and head. It is also known as peripheral artery occlusive disease (PAOD) or peripheral artery disease (PAD) or peripheral obliterative arteriopathy.
As of 2022, the global Peripheral Vascular Devices Market is estimated to be valued at US$ 10,266.8 Million and is expected to exhibit a CAGR of 7.6% during the years (2022-2030)
Leading Companies in the Peripheral Vascular Devices Industry:
1) Boston Scientific Corporation
Boston Scientific Corporation is a biotechnology engineering firm that manufactures medical devices that are usually used in interventional medical specialties. The company is immensely known for developing the Taxus Stent, which is a type of drug used to open clogged arteries. Boston was founded in 1979 in Watertown, Massachusetts by John Abele and Peter Nicholas. The headquarters are located Marlborough, Massachusetts
In June 2022, Boston announced its plans of acquiring M.I Tech Co. Ltd located in South Korea, for approximately US$ 230 Million.
2) Abbott Laboratories
Abbott Laboratories is a medical device and health care company based in America. It was founded in the year 1888 by Wallace Calvin Abbott. The headquarters are located in Abbott Park, Illinois, U.S. The company sells medical devices, branded generic medicines and nutritional products. Abbott’s products include MitraClip, FreeStyle Libre, Pedialyte, and Ensure.
In January 2022, the company introduced Lingo, which is a line of consumer bio wearable sensors known to collect a range of biological reading to optimize exercise and nutrition regimens.
3) Bayer AG
Bayer AG is a pharmaceutical and biotechnology company situated in Germany. It is one of the largest Pharma Company in the world. The headquarters are located in Leverkusen, North Rhine- Westphalia, Germany. The company was founded in the year 1863 by Friedrich Bayer. Bayer AG’s first ever manufactured product was acetylsalicylic acid. Since then it has manufactured many more products like heroin, phenobarbital, polyurethanes, however stopped producing them. The area of business is mainly healthcare products for consumers, agricultural chemicals.
In June 2021, Bayer AG completed the acquisition of Noria Therapeutics Inc. and PSMA Therapeutics Inc.
4) Medtronic
Medtronic plc. Is a medical device industry based in America. The company was founded in the year 1949 in Minneapolis by Earl Bakken. The headquarters are located Dublin, Ireland. Medtronic operates in more than 150 countries. Medtronic develops and manufactures healthcare technologies and therapies.
In January 2022 the company acquired Affera, Inc. In April 2022, the company announced its collaboration with GE Healthcare to support the need and care demands at Ambulatory Surgery Centers.
5) Edward Lifesciences
Edward Lifesciences is an American medical technology company that developed the SAPIEN transcatheter aortic heart valve made of cow tissue. The company was founded in the year 1958. The headquarters are located in Irvine, California. The company was founded by Miles “Lowell” Edwards. Products manufactured include Heart Valves, Critical care technology, and Cardiac surgery technology.
In 2022 Edward Lifesciences Awarded Secant Group 2022 Supplier of the Year.
