Peripheral Vascular Stents Market Forecast 2022 to 2028 | By BIOTRONIK SE, Cardinal Health, Medtronic, Cook Medical

According to FMI’s most recent market analysis, the global Peripheral Vascular Stents Market size was valued approximately US$ 3.5 billion in 2021 and is expected to be worth approximately US$ 5.3 billion by 2028, growing at a CAGR of 6% between 2022 and 2028.

Peripheral vascular stent sales currently account for 33.3% of the global cardiovascular stents market. Self-expanding stent demand, which accounts for the majority of market share, is predicted to grow at a CAGR of 6.6% over the forecast period.

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The segment is predicted to grow at a rate greater than 6.6% CAGR over the forecast period. Because of regulatory approvals for different novel devices, such as drug eluting stents, in the United States, Europe, and Japan, North America is projected to maintain its global market dominance.

The increased awareness of peripheral surgeries, as well as the frequency of peripheral artery disease in developing countries such as India and Brazil, is driving demand for peripheral vascular stents. Another key factor expected to drive the growth of the global peripheral vascular stents market is an increase in the number of end users and ambulatory surgery centres.

An intravascular stent is a tubular mesh device that is permanently implanted in the graft or native vasculature. A stent’s primary purpose after installation is to provide mechanical radial support; this support is intended to enhance vascular patency over the device’s lifetime. Once implanted in the desired location, a balloon or self-expanding mechanism extends the stent.

Global Peripheral Vascular Stents Market: Segmental Forecast

The global market for peripheral vascular stents has been categorised by product type, artery type, end user, and geography. Globally, manufacturers anticipate that self-expanding stents would be the most appealing segment. Although there is a significant demand for drug eluting stents and the sector leads in terms of market volume during the projection period, the product type segment’s revenue contribution will be minimal. Because of the increased frequency of peripheral artery disease in many nations around the world, the iliac artery segment is predicted to have the highest demand for peripheral stents among all arterial types.

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Global Peripheral Vascular Stents Market: Regional Analysis

In terms of value, the worldwide peripheral vascular stents market is estimated to grow at a 6.6% CAGR from 2022 to 2028. North America dominated the worldwide peripheral vascular stents market in 2021, with over 48.5% market share, owing in part to the penetration of recently approved drug eluting stents in the US. Western Europe is predicted to be the world’s second largest market, with the United Kingdom, Italy, France, and Germany experiencing rapid expansion. Because of improved vaccination access and the availability of cost-effective operations, APEJ is predicted to be the second largest market for peripheral vascular stents.

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.

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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

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