Venous Procedure Devices Market Size, Share, Growth, Trends, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030

Published Date : Apr 2021 | No. of Pages : 200 Pages | Category : Healthcare

The global venous procedure devices market size is expected to hit US$ 3.3 billion by 2030 from US$ 2.2 Bn in 2020 with a CAGR of 6.1% from 2021 to 2030.

Vascular procedures are a surgical subspecialty wherein diseases of the vascular system, or arteries, veins, and lymphatic circulation are managed by medical therapy, minimally-invasive catheter procedures, and surgical reconstruction. Venous procedures can include endovenous ablation, sclerotherapy or venous radiofrequency ablation, which can relieve venous insufficiency or remove varicose veins.

Attractive Propositions in Venous Stents to Address Various Challenges

As the venous space continues to evolve in the U.S., manufacturers in the venous procedure devices market are learning to navigate through the challenges of the venous anatomy from their international peers. For instance, physicians find it challenging to apply the same arterial techniques in order to achieve reduced venous hypertension caused by occlusive disease.

In order to develop venous stents that improve patient outcomes, companies in the venous procedure devices market are increasing their R&D in multi-segments of diseases and evaluation of lesion types. Similarly, the Venovo™ Venous Stent is emerging as an attractive proposition to achieve compression resistance, a balance between radial strength and flexibility to address various venous challenges.

New Drug Eluting Venous Stents Provide Exceptional Outcomes in Complex Lesions

The venous procedure devices market is predicted to expand at a favorable CAGR of 6% during the forecast period. Unmatched performance in drug eluting venous stents are contributing to market growth. For instance, Boston Scientific— a manufacturer of medical devices used in interventional medical specialties, is boosting its marketing capabilities of Eluvia drug eluting vascular stent system, which is capable of delivering exceptional outcomes in complex lesions.

The high prevalence of challenging SFA (superficial femoral artery) diseases has triggered the demand for cutting-edge drug eluting vascular stent systems. Manufacturers in the venous procedure devices market are making use of polymer designs in these stents to facilitate controlled drug release. They are gaining proficiency in randomized controlled multi-center trials to boost credibility of their products.

Med-tech Consultancies Assist Startups to Build Advanced Central Venous Catheters

As increasing number of startups are tapping into incremental opportunities in the venous procedure devices market, the competition has intensified to gain licensees and acquire investors that can contribute in the development of innovative venous catheters. For instance, Team— a medical device consultancy firm is helping startups to design central venous catheters that can be comfortably attached to a patient’s skin under a sterile dressing.

Manufacturers in the venous procedure devices market are boosting their output capacities in central venous catheters that reduce the frequency of disinfection procedures and lower the risk of infections caused by tugging of the catheter. Patients needing prolonged infusion therapy are creating a demand for sterile central venous catheters.

Ongoing Clinical Trials and Increase in FDA Approvals for Venous Procedure Devices to Drive Venous Procedure Devices Market

Ongoing clinical trials for venous procedure devices, pipeline products, and safety and efficacy studies have increased over the past few years. These studies have enhanced new product development and better opportunities for new venous procedure devices for vascular disease. This factor is boosting the global venous procedure devices market. In May 2019, Boston Scientific Corporation received the U.S. Food and Drug Administration (FDA) approval for VICI VENOUS STENT System for the treatment of iliofemoral venous obstructive disease.

Catheters to Dominate Global Market

In terms of product, the global venous procedure devices market has been classified into veneous stents, catheters, guidewires, and others. The catheters segment is anticipated to expand at a rapid pace due to a rise in the usage of PICCs, implantable ports, and hemodialysis catheters due to increase in incidence of cancer and vascular diseases, which has created a large pool of patients, especially in developed countries. This drives the demand for catheters segment.

Companies Focus on Development of Venous Stents for Femoral Vein

Based on application, the global veneous procedure devices market has been categorized into arm, abdomen, chest, and leg. The leg segment held a major share of the global market in 2020, owing to numerous companies engaged in the development of venous stents for femoral vein.

Vascular Disease to be Key Indication Segment

In terms of indication, the global venous procedure devices market has been divided into vascular disease and cancer. Prevalence of venous diseases has increased across the world, including deep vein thrombosis (DVT), post thrombotic syndrome (PTS), and chronic venous insufficiency. Deep vein thrombosis (DVT) is a major preventable cause of morbidity and mortality worldwide. According to Centers for Disease Control and Prevention (CDC) stats, an estimated 900,000 people are affected by DVT/pulmonary embolism (PE), each year, in the U.S. alone, and 60,000 to 100,000 people succumb from DVT/PE each year.

North America to Dominate Venous Procedure Devices Market

In terms of region, the global venous procedure devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global venous procedure devices market in 2020, followed by Europe. North America accounted for a major share of the global venous procedure devices market in 2020, primarily due to increase in incidence of disease and new product launches in the region. This is estimated to propel the venous procedures devices market in the region during the forecast period.

Competition Landscape of Venous Procedures Devices Market

The global venous procedures devices market is fragmented in terms of number of players. Key players in the global venous procedures devices market include Medtronic Plc, BD, Cardinal Health, Terumo Corporation, Teleflex Incorporated, Boston Scientific Corporation, Optimed Medizinische Instrumente GmbH, Cook, B. Braun Melsungen AG, and Abbott Laboratories.

Market Segmentation

By Product

    • Venous Stents
      • Drug Eluting Venous Stent
      • Non-drug Eluting Venous Stent
    • Catheters
      • Central Venous Catheter
      •  Subcutaneous (Implanted) Port
      •  Peripherally Inserted Central Catheter (PICC)
    • Guidewires
      • Standard
      • High Support
      • Flexible
      • Chronic Total Occlusion
    • Others

By Application

    • Leg
    • Chest
    • Abdomen
    • Arm

By Indication

    • Vascular Diseases
      • Chronic Deep Vein Thrombosis
      • Post-thrombotic Syndrome
      • May-Thurner Syndrome
      • Hemodialysis/Arteriovenous Fistulae
      • Others
    • Cancer

By End User

    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers
    • Others

By Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Scope of the Report

VRR’s report on the global venous procedure devices market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2030. The report provides revenue of the global venous procedure devices market for the period 2018–2030, considering 2021 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global venous procedure devices market during the forecast period.

The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global venous procedure devices market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global venous procedure devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global venous procedure devices market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global venous procedure devices market.

The report delves into the competition landscape of the global venous procedure devices market. Key players operating in the global venous procedure devices market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global venous procedure devices market that have been profiled in this report.

Key Questions Answered in Venous Procedure Devices Market Report

  • What is the scope of growth of product companies in the global venous procedure devices market?
  • What will be the Y-o-Y growth of the global venous procedure devices market between 2020 and 2030?
  • What is the influence of changing trends in life science research on the global venous procedure devices market?
  • Will North America continue to be the most profitable market for venous procedure devices providers?
  • Which factors are anticipated to hamper the growth of the global venous procedure devices market during the forecast period?
  • Which are the leading companies in the global venous procedure devices market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct a comprehensive research on the growth of the global venous procedure devices market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary researches, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global venous procedure devices market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, and market intelligence managers, who contributed to the production of VRR’s study on the horseradish peroxidase market as primary research sources.

These primary and secondary research sources have provided exclusive information during interviews, which serves as a validation from the venous procedure devices market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global venous procedure devices market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global venous procedure devices market more reliably and accurately.

Table of Contents

Chapter 1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

Chapter 2. Assumptions and Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Overview

    4.1. Introduction

        4.1.1. Product Overview

    4.2. Market Dynamics

        4.2.1. Drivers

        4.2.2. Restraints

        4.2.3. Opportunity

Chapter 5. Key Insights

    5.1. Ker Mergers and Acquisitions

    5.2. Disease Overview

    5.3. COVID-19 Impact Analysis

Chapter 6. Global Venous Procedure Devices Market Analysis and Forecast, by Product

    6.1. Key Findings / Developments

    6.2. Introduction & Definition

    6.3. Global Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

        6.3.1. Venous Stents

            6.3.1.1. Drug Eluting Venous Stent

            6.3.1.2. Non-drug Eluting Venous Stent

        6.3.2. Catheters

            6.3.2.1. Central Venous Catheter

            6.3.2.2. Subcutaneous (Implanted) Port

            6.3.2.3. Peripherally Inserted Central Catheter (PICC)

        6.3.3. Guidewires

            6.3.3.1. Standard

            6.3.3.2. High Support

            6.3.3.3. Flexible

            6.3.3.4. Chronic Total Occlusion

        6.3.4. Others

    6.4. Global Venous Procedure Devices Market Attractiveness Analysis, by Product

Chapter 7. Global Venous Procedure Devices Market Analysis and Forecast, by Application

    7.1. Key Findings / Developments

    7.2. Introduction & Definition

    7.3. Global Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

        7.3.1. Leg

        7.3.2. Chest

        7.3.3. Abdomen

        7.3.4. Arm

    7.4. Global Venous Procedure Devices Market Attractiveness Analysis, by Application

Chapter 8. Global Venous Procedure Devices Market Analysis and Forecast, by Indication

    8.1. Key Findings / Developments

    8.2. Introduction & Definition

    8.3. Global Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

        8.3.1. Vascular Diseases

            8.3.1.1. Chronic Deep Vein Thrombosis

            8.3.1.2. Post-thrombotic Syndrome

            8.3.1.3. May-Thurner Syndrome

            8.3.1.4. Hemodialysis/Arteriovenous Fistulae

            8.3.1.5. Others

        8.3.2. Cancer

    8.4. Global Venous Procedure Devices Market Attractiveness Analysis, by Indication

Chapter 9. Global Venous Procedure Devices Market Analysis and Forecast, by End-user

    9.1. Key Findings / Developments

    9.2. Introduction & Definition

    9.3. Global Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

        9.3.1. Hospitals

        9.3.2. Ambulatory Surgical Centers

        9.3.3. Specialty Clinics

        9.3.4. Others

    9.4. Global Venous Procedure Devices Market Attractiveness Analysis, by End-user

Chapter 10. Global Venous Procedure Devices Market Analysis and Forecast, by Region

    10.1. Geographical Representation

    10.2. Global Venous Procedure Devices Market Value Forecast, by Region

        10.2.1. North America

        10.2.2. Europe

        10.2.3. Asia Pacific

        10.2.4. Latin America

        10.2.5. Middle East & Africa

    10.3. Global Venous Procedure Devices Market Attractiveness Analysis, by Region

Chapter 11. North America Venous Procedure Devices Market Analysis and Forecast

    11.1. North America Venous Procedure Devices Market Value Forecast, by Country, 2018–2030

        11.1.1. U.S.

        11.1.2. Canada

    11.2. North America Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

    11.3. North America Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

    11.4. North America Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

    11.5. North America Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

    11.6. North America Venous Procedure Devices Market Attractiveness Analysis, 2020–2030

        11.6.1. By Country

        11.6.2. By Product

        11.6.3. By Application

        11.6.4. By Indication

        11.6.5. By End-user

Chapter 12. Europe Venous Procedure Devices Market Analysis and Forecast

    12.1. Europe Venous Procedure Devices Market Value Forecast, by Country, 2018–2030

        12.1.1. Germany

        12.1.2. U.K.

        12.1.3. France

        12.1.4. Italy

        12.1.5. Spain

        12.1.6. Rest of Europe

    12.2. Europe Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

    12.3. Europe Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

    12.4. Europe Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

    12.5. Europe Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

    12.6. Europe Venous Procedure Devices Market Attractiveness Analysis, 2020–2030

        12.6.1. By Country

        12.6.2. By Product

        12.6.3. By Application

        12.6.4. By Indication

        12.6.5. By End-user

Chapter 13. Asia Pacific Venous Procedure Devices Market Analysis and Forecast

    13.1. Asia Pacific Venous Procedure Devices Market Value Forecast, by Country, 2018–2030

        13.1.1. China

        13.1.2. Japan

        13.1.3. India

        13.1.4. Australia & New Zealand

        13.1.5. Rest of Asia Pacific

    13.2. Asia Pacific Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

    13.3. Asia Pacific Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

    13.4. Asia Pacific Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

    13.5. Asia Pacific Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

    13.6. Asia Pacific Venous Procedure Devices Market Attractiveness Analysis, 2020–2030

        13.6.1. By Country

        13.6.2. By Product

        13.6.3. By Application

        13.6.4. By Indication

        13.6.5. By End-user

Chapter 14. Latin America Venous Procedure Devices Market Analysis and Forecast

    14.1. Latin America Venous Procedure Devices Market Value Forecast, by Country, 2018–2030

        14.1.1. Brazil

        14.1.2. Mexico

        14.1.3. Rest of Latin America

    14.2. Latin America Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

    14.3. Latin America Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

    14.4. Latin America Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

    14.5. Latin America Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

    14.6. Latin America Venous Procedure Devices Market Attractiveness Analysis, 2020–2030

        14.6.1. By Country

        14.6.2. By Product

        14.6.3. By Application

        14.6.4. By Indication

        14.6.5. By End-user

Chapter 15. Middle East & Africa Venous Procedure Devices Market Analysis and Forecast

    15.1. Middle East & Africa Venous Procedure Devices Market Value Forecast, by Country, 2018–2030

        15.1.1. GCC Countries

        15.1.2. South Africa

        15.1.3. Rest of Middle East & Africa

    15.2. Middle East & Africa Venous Procedure Devices Market Value Forecast, by Product, 2018–2030

    15.3. Middle East & Africa Venous Procedure Devices Market Value Forecast, by Application, 2018–2030

    15.4. Middle East & Africa Venous Procedure Devices Market Value Forecast, by Indication, 2018–2030

    15.5. Middle East & Africa Venous Procedure Devices Market Value Forecast, by End-user, 2018–2030

    15.6. Middle East & Africa Venous Procedure Devices Market Attractiveness Analysis, 2020–2030

        15.6.1. By Country

        15.6.2. By Product

        15.6.3. By Application

        15.6.4. By Indication

        15.6.5. By End-user

Chapter 16. Competitive Landscape

    16.1. Market Share Analysis, by Company, 2019

    16.2. Company Profiles (Details - Overview, Financials, Recent Developments, Strategy)

        16.2.1. Medtronic Plc

            16.2.1.1. Company Details

            16.2.1.2. Company Description

            16.2.1.3. Business Overview

            16.2.1.4. SWOT Analysis

            16.2.1.5. Financial Analysis

            16.2.1.6. Strategic Overview

        16.2.2. Cardinal Health

            16.2.2.1. Company Details

            16.2.2.2. Company Description

            16.2.2.3. Business Overview

            16.2.2.4. SWOT Analysis

            16.2.2.5. Strategic Overview

        16.2.3. BD

            16.2.3.1. Company Details

            16.2.3.2. Company Description

            16.2.3.3. Business Overview

            16.2.3.4. SWOT Analysis

            16.2.3.5. Strategic Overview

        16.2.4. Terumo Corporation

            16.2.4.1. Company Details

            16.2.4.2. Company Description

            16.2.4.3. Business Overview

            16.2.4.4. SWOT Analysis

            16.2.4.5. Strategic Overview

        16.2.5. Teleflex Incorporated

            16.2.5.1. Company Details

            16.2.5.2. Company Description

            16.2.5.3. Business Overview

            16.2.5.4. SWOT Analysis

            16.2.5.5. Financial Analysis

            16.2.5.6. Strategic Overview

        16.2.6. Boston Scientific Corporation

            16.2.6.1. Company Details

            16.2.6.2. Company Description

            16.2.6.3. Business Overview

            16.2.6.4. SWOT Analysis

            16.2.6.5. Financial Analysis

            16.2.6.6. Strategic Overview

        16.2.7. Optimed Medizinische Instrumente GmbH

            16.2.7.1. Company Details

            16.2.7.2. Company Description

            16.2.7.3. Business Overview

            16.2.7.4. SWOT Analysis

            16.2.7.5. Financial Analysis

            16.2.7.6. Strategic Overview

        16.2.8. Cook

            16.2.8.1. Company Details

            16.2.8.2. Company Description

            16.2.8.3. Business Overview

            16.2.8.4. SWOT Analysis

            16.2.8.5. Financial Analysis

            16.2.8.6. Strategic Overview

        16.2.9. B. Braun Melsungen AG

            16.2.9.1. Company Details

            16.2.9.2. Company Description

            16.2.9.3. Business Overview

            16.2.9.4. SWOT Analysis

            16.2.9.5. Financial Analysis

            16.2.9.6. Strategic Overview

        16.2.10. Abbott

            16.2.10.1. Company Details

            16.2.10.2. Company Description

            16.2.10.3. Business Overview

            16.2.10.4. SWOT Analysis

            16.2.10.5. Financial Analysis

            16.2.10.6. Strategic Overview


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