Global Peripheral Vascular Stent Market Expected to Reach US$ 8,878.00 Million by 2034, at a 7.60% CAGR

Peripheral Vascular Stent Market
Global Peripheral Vascular Stent Market

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.

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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.

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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
  • 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

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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