The global peripheral vascular stent market is poised for substantial growth, with its valuation expected to increase from USD 4,267.70 million in 2024 to USD 8,878.00 million by 2034. Expanding at a robust compound annual growth rate (CAGR) of 7.60%, the market is being driven by rising cases of peripheral artery disease (PAD), advancements in stent design, and increased investment by manufacturers to meet growing medical demands.
Manufacturers in the sector are continuously innovating, launching advanced peripheral vascular stents that improve medical procedures and patient outcomes. The evolution of stent materials and designs, including drug-eluting and bioresorbable stents, is contributing to enhanced treatment efficacy. These advancements are expected to play a key role in sustaining market growth over the forecast period.
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Another critical factor fueling market expansion is the growing investment from key industry players, aiming to address the rising burden of PAD. As awareness about vascular diseases increases, demand for minimally invasive procedures utilizing peripheral vascular stents is also expected to rise. Additionally, favorable regulatory policies and technological breakthroughs are further supporting market progression.
Key Takeaways:
- The peripheral vascular stent market is projected to grow from USD 4,267.70 million in 2024 to USD 8,878.00 million by 2034, at a CAGR of 7.60%.
- Rising cases of peripheral artery disease (PAD) are driving demand for advanced stent technologies.
- Innovation in stent design and materials, including drug-eluting and bioresorbable stents, is shaping market trends.
- Increased investment by manufacturers and favorable regulatory policies are supporting market growth.
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Key factors driving market growth:
Rising prevalence of peripheral artery disease (PAD) PAD affects over 200 million individuals worldwide.
Investments by market players Market players are investing to meet the demand created by the rise in peripheral artery disease.
Innovation in stent design and materials Advancements in the designs and materials of peripheral vascular stents are guiding forecast trends.
Growing geriatric population The expanding geriatric population is a key factor supporting the market’s expansion.
Minimally invasive procedures Surging acceptance of minimally invasive procedures for cardiovascular disorders is contributing to market growth16. Patients are increasingly opting for angioplasty and other-related procedures owing to several advantages, including shorter recovery periods, minimal post-surgery complications, and smaller incisions.
Technological advancements Technological advancements in device design, including better patient outcomes and minimally invasive procedures that reduce recovery time and complications through drug-eluting stents, are making these devices more attractive to patients and healthcare providers.
Increasing healthcare expenditure The increasing healthcare expenditure is also driving the adoption of the vascular stent market.
Growth Drivers
- Increasing Incidence of Peripheral Artery Disease (PAD): The rising prevalence of PAD is a primary factor driving demand for peripheral vascular stents, as these devices are essential for treating blockages in peripheral arteries.
- Investments in Innovation: Manufacturers are focusing on developing advanced peripheral vascular stents that improve patient outcomes and procedural efficacy. Innovations in materials and designs are enhancing the performance of these stents.
- Government Initiatives and Awareness: Increased awareness about cardiovascular diseases and government initiatives promoting early diagnosis and treatment options are contributing to market growth.
- Technological Advancements: Continuous advancements in medical technology are leading to the introduction of more effective and safer stent systems, which are appealing to healthcare providers.
Enlisted Below are Some Top Market Players
- 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.
- Others
Market Segmentation of Peripheral Vascular Stent
By Product Type:
- Self-Expanding Stents
- Balloon-Expanding Stents
- Covered Stents
- Drug-Eluting Stents
Based on Artery Type:
- Carotid Artery
- Fem-Pop Artery
- Iliac Artery
- Infrapop Artery
Peripheral Vascular Stents Market by End User:
- Hospitals
- Ambulatory Surgical Centers/Outpatients
Different Regional Markets are as Follows:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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