Peripheral Vascular Stents Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Peripheral Vascular Stents Market Report Overview
The peripheral vascular stents market size was valued at $1.99 billion in 2023. The peripheral vascular stents market will grow at a CAGR of more than 7% from 2023 to 2033. The increasing prevalence of PAD worldwide can be attributed to risk factors and comorbidities such as diabetes, hypertension, obesity, and tobacco use. Moreover, as many of these diseases are closely tied to age, the growing elderly population will also contribute to the rising disease prevalence.
Peripheral Vascular Stents Market Outlook 2023-2033 ($ Billion)
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The peripheral vascular stents market research report explains the market behavior, which will help identify quantitative market trends within cardiovascular devices therapeutic areas. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. The peripheral vascular stents market model also discusses the detailed impact of COVID-19 on the peripheral vascular stents market for 2020 and beyond.
Market Size (2023) | $1.99 billion |
CAGR (2023-2033) | >7% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Peripheral Vascular Stents Market Dynamics
Peripheral artery disease (PAD) is a global public health and socioeconomic problem affecting millions of patients each year. The increasing prevalence of PAD worldwide can be attributed to risk factors and comorbidities such as diabetes, hypertension, obesity, and tobacco use. Moreover, as many of these comorbities are closely tied to age, the growing elderly population will also contribute to the rising disease prevalence. GlobalData predicts that the percentage of PAD patients treated with Peripheral Vascular Stent devices will increase, thereby driving the market over the forecast period. Market growth will also be driven by rising product innovations such as Bioabsorbable Stents (BAS).
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Peripheral Vascular Stents Market Segments
The key segments in the peripheral vascular stents market are peripheral bare metal stents, peripheral bioabsorbable stents, peripheral covered stents, and peripheral drug-eluting stents. In 2023, the peripheral covered stents segment accounted for the highest market share, followed by bare metal stents.
The physician’s decision to use a specific type of stent depends on several factors, including the indication/lesion of interest; the clinical need; the reliability and predictability of the device outcomes; the flexibility and durability of the device, the availability of clinical data demonstrating the safety, efficacy, and therapeutic benefits of the device; reduced dependence on prolonged dual antiplatelet therapy; and the cost of the device.
Peripheral Vascular Stents Market Analysis by Segments, 2023 (%)
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Peripheral Vascular Stents Market Segmentation by Regions
The key regions in the peripheral vascular stents market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. North American peripheral vascular stents market was the highest revenue generator in 2023.
The growing prevalence of PAD especially in the elderly population remains the major driving factor of peripheral stenting procedures in North America. Furthermore, the US was the most dominant market accounting for over 90% of the total North American peripheral stents market.
Peripheral Vascular Stents Market Analysis by Regions, 2023 (%)
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Peripheral Vascular Stents Market – Competitive Landscape
The key companies in the peripheral vascular stents market are W. L. Gore & Associates Inc., Boston Scientific Corp, Cook Medical Inc., Medtronic Plc, and Becton Dickinson and Co. among others. In 2023, W. L. Gore & Associates Inc. accounted for the highest peripheral vascular stents market share and value.
Peripheral Vascular Stents Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Peripheral Vascular Stents Segment Outlook ($ Million, 2015-2033)
- Peripheral Bare Metal Stents
- Peripheral Bioabsorbable Stents
- Peripheral Covered Stents
- Peripheral Drug Eluting Stents
Peripheral Vascular Stents Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed peripheral vascular stents market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total peripheral vascular stents market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights +on the market.
- SWOT analysis for the Peripheral vascular stents market.
- Competitive dynamics insights and trends provided for the peripheral vascular stents market.
Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: W. L. Gore & Associates Inc, Becton Dickinson and Co, Cook Group Inc, Boston Scientific Corp, Abbott Laboratories, Medtronic Plc, Getinge AB, Cordis Corp, Terumo Corp, Biotronik SE & Co KG, Kyoto Medical Planning Co Ltd, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. The model will benefit the following stakeholders:
- CMO executives must have a deep understanding of the peripheral vascular stents marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on peripheral vascular stents.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving peripheral vascular stents.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the peripheral vascular stents market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific peripheral vascular stents market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Becton Dickinson and Co
Cook Group Inc
Boston Scientific Corp
Abbott Laboratories
Medtronic Plc
Getinge AB
Cordis Corp
Terumo Corp
Biotronik SE & Co KG
Kyoto Medical Planning Co Ltd
Others
Frequently asked questions
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What was the peripheral vascular stents market size in 2023?
The peripheral vascular stents market size was $1.99 billion in 2023.
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What will the peripheral vascular stents market growth be during 2023-2033?
The peripheral vascular stents will grow at a CAGR of more than 7% during 2023-2033.
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Which was the leading segment in the peripheral vascular stents market in 2023?
The peripheral covered stents segment was leading the peripheral vascular stents market in 2023.
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Which region held the largest share of the peripheral vascular stents market in 2023?
North America was the largest regional market for peripheral vascular stents in 2023.
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Which are the leading players in the peripheral vascular stents market?
The key companies in the peripheral vascular stents market are W. L. Gore & Associates Inc., Becton Dickinson and Co., Cook Group Inc., Boston Scientific Corp, Abbott Laboratories, Medtronic Plc, Getinge AB, Cordis Corp, Terumo Corp, Biotronik SE & Co KG, Kyoto Medical Planning Co Ltd, and Others.
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