The global peripheral vascular stent market is poised for substantial growth, with a projected valuation of US$ 4,267.70 million in 2024. Manufacturers are capitalizing on this lucrative market by expanding their share through the launch of progressive peripheral vascular stents that enhance medical procedures.
Peripheral vascular stents play a crucial role in the treatment of peripheral artery disease by supporting narrowed or weakened arteries, restoring blood flow, and reducing the risk of cardiovascular complications. The market for peripheral vascular stents is forecasted to expand at a Compound Annual Growth Rate (CAGR) of 7.60% over the next ten years, driven by factors such as investments by market players to meet the demands posed by rising peripheral artery disease and innovation in stent designs and materials.
Lead With Intelligence: Report Sample Awaits:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2091
Peripheral Artery Disease and Aging Population Drive Demand
The increasing prevalence of PAD, a condition that affects blood flow in the arteries of the legs and arms, is a significant driver of market growth. As the population ages, the risk of PAD also increases, leading to a greater demand for peripheral vascular stents as a treatment option.
Minimally Invasive Procedures Gaining Traction
The growing adoption of minimally invasive procedures for peripheral vascular interventions is another factor contributing to market expansion. These procedures offer patients faster recovery times and less discomfort compared to traditional open surgery. Peripheral vascular stents play a crucial role in these minimally invasive techniques.
Global Peripheral Vascular Stents Market: Segmental Forecast
The global peripheral vascular stents market has been segmented on the basis of product type, artery type, end user and regions. Globally, the self-expanding stents is expected to be the most attractive segment from the manufacturers’ point of view. Although there is a high demand for drug eluting stents and the segment leads in terms of market volume in the forecast period, high price of drug eluting stents would lead to low revenue contribution of the product type segment. Among all the artery types, high demand of peripheral stents is expected to come from iliac artery segment due to growing prevalence for peripheral artery disease in many countries across the globe.
Our Methodology Overview:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-2091
Global Peripheral Vascular Stents Market: Regional Analysis
In terms of value, the global peripheral vascular stents market is expected to expand at 6% CAGR over the forecast period of 2022–2028. With nearly 48.5% market share, North America dominated in the global peripheral vascular stents market in 2021, partly due to penetration of newly approved drug eluting stents in the U.S. Western Europe is expected to be the second large market globally, with the U.K., Italy, France and Germany being countries with high growth rates. APEJ is expected to be the second large market for peripheral vascular stents, primarily due to improving immunization access and availability of cost-effective surgeries.
Global Peripheral Vascular Stents Market: Competition Tracking
The market for peripheral vascular stents is consolidated with few players contributing over 55% of revenue share. The key players identified in the global market include Medtronic Plc., Becton, Dickinson and Company, Cardinal Health, Inc., B. Braun Melsungen AG, MicroPort Scientific Corporation, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, Abbott Laboratories, W.L. Gore & Associates Inc., and Cook Medical Inc., among others. Acquisition of established products to gain immediate growth is the key strategy adopted by key players in the market.
Key Companies Profiled:
- Medtronic Plc.
- Cardinal Health, Inc.
- B. Braun Melsungen AG
- MicroPort Scientific Corporation
- Boston Scientific Corporation
- BIOTRONIK SE & Co. KG
- Abbott Laboratories
- W.L. Gore & Associates Inc.
- Cook Medical Inc.
Market Segmentation:
Peripheral Vascular Stents Market by Product Type:
- Self-Expanding Stents
- Balloon-Expanding Stents
- Covered Stents
- Drug-Eluting Stents
Peripheral Vascular Stents Market by Artery Type:
- Carotid Artery
- Fem-Pop Artery
- Iliac Artery
- Infrapop Artery
Peripheral Vascular Stents Market by End User:
- Hospitals
- Ambulatory Surgical Centers/Outpatients
Peripheral Vascular Stents Market by Region:
- North America Peripheral Vascular Stents Market
- Latin America Peripheral Vascular Stents Market
- Europe Peripheral Vascular Stents Market
- East Asia Peripheral Vascular Stents Market
- South Asia & Pacific Peripheral Vascular Stents Market
- Middle East & Africa (MEA) Peripheral Vascular Stents Market
Get Full Market Analysis Now: Purchase The Report :
https://www.futuremarketinsights.com/checkout/2091
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
