The global demand for Peripheral Vascular Stents Market is presumed to reach the market size of nearly USD 5.2 Billion by 2032 from USD 2.54 Billion in 2023 with a CAGR of 8.26% under the study period 2024 - 2032.
Peripheral artery disease is a cumulative disease caused by plaque accumulation in the arterial system that carries blood to the arms & legs as well as other vital organs. A stent is defined as a wire mesh scaffold that is implanted in the artery to keep it open. This implant is permanent and can be combined with angioplasty to treat peripheral artery disease.
Market Dynamics
The rapidly growing population of the elderly and the related growing prevalence of peripheral vascular diseases, rising preference for minimally invasive surgeries, and technological advancements in the stents are driving the growth of the peripheral vascular stents market. With the evolutionary growth in imaging techniques, there is a significant improvement in accuracy and safety in vascular surgery implantations resulting in an increased number of stenting procedures. This market is expected to flourish on account of increased awareness in low- and middle-income countries. However, despite the initiatives of governments and manufacturers to enhance peripheral vascular stent topography, product recall and strict regulations are the major facets inhibiting the growth of this market. On the other hand, the global health crisis caused by COVID-19 may create lucrative business prospects for the manufacturers.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of peripheral vascular stents.
Market Segmentation
The entire peripheral vascular stents market has been sub-categorized into product type, artery type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Drug Eluting Stents (DES)
- Bare Metal Stents (BMS)
- Bioabsorbable Stents
By Mode of Delivery
- Self-expanding Stents
- Balloon-expandable Stents
By Product
- Iliac Artery Stents
- Femoral Artery Stents
- Carotid Artery Stents
- Renal Artery Stents
- Other Peripheral Stents
By End-use
- Hospitals & Cardiac Centers
- Ambulatory Surgical Centers
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for peripheral vascular stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Peripheral Vascular Stents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Peripheral Vascular Stents market include Medtronic, Terumo Medical, Abbott, Biotronik, Lifetech, iVascular SLU, Stryker, Cook Medical, Microport Scientific Corporation, Stentys S.A., Hellman & Friedman (Cordis Inc.). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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