05-Aug-2022 | Zion Market Research
The global peripheral stent implants market size was worth USD 3,291.5 million in 2021 and is estimated to grow to USD 4,857.1 million by 2028, with a compound annual growth rate (CAGR) of roughly 6.7% over the forecast period.
Peripheral artery disease is caused by fatty deposits in the arteries and lowers the blood flow to the muscles. Peripheral vascular illnesses are conditions that affect blood vessels outside of the heart, including those in the brain, stomach, limbs, and kidneys. A synthetic tubular mesh component implanted permanently in the body's natural vasculature is referred to as a vascular stent, also known as an intravascular stent. With the rising frequency of peripheral vascular disorders worldwide, the market for peripheral stent implants is projected to expand.
The global peripheral stent implants market is growing due to rising government & corporate support, and more awareness in underdeveloped & emerging nations, among other factors. Additionally, it is anticipated that technological developments in stents and increased cases of peripheral artery disease would support market demand. With the rising usage of peripheral stents in angioplasty and conventional open surgery, the market for peripheral stent implants is expanding globally. Peripheral stent implants have improved and gained more acceptability due to increased approvals for cutting-edge technologies, including eluting stents and bio-based stents, boosting their availability in Europe, Japan, and the US in the latest years. The global market for peripheral stent implants is growing but is being constrained by the rules placed on them to guarantee patient safety. Nevertheless, opportunities are created for major participants in the peripheral stent implants market by a growing patient base and aging population.
The global peripheral stent implants market is segregated based on product, artery type, end user, and region. Based on product, the market is divided into bare metal stents (BMS), covered stents, and drug-eluting stents (DES). In 2021, the drug-eluting stents (DES) category dominated the global market. Based on artery type, the market is divided into carotid artery stents, fem-pop artery stents, iliac artery stents, and infra-pop artery stents. In 2021, the carotid artery stents category dominated the global market. Based on end-user, the market is divided into hospitals and ambulatory surgical centers/outpatients. In 2021, the hospital’s category dominated the global market.
The global peripheral stent implants market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. With a revenue share of over 32.0% in 2021, North America led the market for peripheral stent implants and is expected to continue on this path in the near future. North America’s peripheral stent implants market is largely driven by a sedentary lifestyle that causes obesity leading to cardiovascular disorders, including heart attack, stroke, ischemic heart disease (IHD), etc. The market growth has also been accelerated by technical developments in the stent technologies, such as drug-eluting stents and the utilization of biodegradable materials. The market expansion in this area is driven by established market players like Medtronic, Abbott, and Boston Scientific. The market for peripheral stent implants in Asia Pacific is anticipated to develop at the quickest rate in terms of revenue. This market is fueled by a number of additional factors, including improved CAD screening, economic expansion, regulatory revisions, and notably favorable reimbursement in select nations like Australia and South Korea.
Key players in the global peripheral stent implants market include Abbott Laboratories, B. Braun Melsungen AG, Biotronik SE & Co. KG, Cook Medical, Inc., Boston Scientific Corporation, iVascular SLU, Cardinal Health, Inc., Terumo Corporation, Medtronic Plc., and W. L. Gore & Associates Inc.
Browse the full “Peripheral Stent Implants Market By Product (Bare Metal Stents (BMS), Covered Stents, and Drug Eluting Stents (DES)), By Artery Type (Carotid Artery Stents, Fem-Pop Artery Stents, Iliac Artery Stents, and Infrapop Artery Stents), By End-User (Hospitals and Ambulatory Surgical Centers/Outpatient), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/peripheral-stent-implants-market
Global Peripheral Stent Implants Market is segmented as follows:
By Artery Type
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