South Korea Peripheral Artery Stent Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.2 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The South Korea Peripheral Artery Stent Market is witnessing a significant growth trajectory, driven by the increasing prevalence of peripheral artery disease (PAD) and advancements in medical technology. Peripheral artery disease, often caused by atherosclerosis, leads to narrowing of the arteries, which restricts blood flow, especially in the lower extremities. As this condition affects a growing number of individuals in South Korea, the demand for effective treatments such as peripheral artery stents has surged. The market for these stents is gaining momentum as hospitals and healthcare providers seek more advanced solutions to address PAD effectively.
The primary application of peripheral artery stents in South Korea revolves around their use in treating patients with critical limb ischemia (CLI) and those suffering from intermittent claudication. These conditions are common among the aging population and those with lifestyle risk factors such as smoking and diabetes. Peripheral artery stents serve as an effective intervention by restoring blood flow and preventing the need for more invasive procedures like bypass surgery or amputation.
Key industries contributing to the growth of the South Korean Peripheral Artery Stent Market include hospitals, cardiovascular clinics, and medical device manufacturers. Hospitals are continuously adopting advanced stenting procedures to enhance patient outcomes. Medical device manufacturers are focusing on developing cutting-edge stents that are not only more efficient but also less prone to complications such as restenosis. This innovation is driven by the need for stents that offer long-term durability and biocompatibility, which are essential for improving patients' quality of life.
Furthermore, the South Korean healthcare system is placing increasing emphasis on minimally invasive procedures, which is a key driver for the Peripheral Artery Stent Market. Physicians are shifting towards endovascular approaches as they reduce recovery times, hospital stays, and overall costs. This shift is supported by growing awareness among healthcare professionals regarding the benefits of stenting over traditional surgical methods.
As demand for peripheral artery stents rises, manufacturers in South Korea are ramping up production capabilities to meet industry needs. Innovations such as drug-eluting stents and bioresorbable stents are gaining traction in the market, offering additional treatment options for patients with more complex PAD cases.
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Medtronic
Inc.
BD
Boston Scientific Corporation
Abbott Laboratories
Cordis
Biotronik
Terumo Corporation
Shanghai MicroPort Endovascular MedTech（Group）Co.
Ltd.
Cook Medical
Zylox-Tonbridge Medical Technology Co.
Ltd.
LifeTech Scientific Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Peripheral Artery Stent Market
Drug-Eluting Stents (DES)
Bare-Metal Stents (BMS)
Bioresorbable Stents
Metal Stents
Plastic Stents
Biodegradable Stents
Coronary Artery Disease
Peripheral Vascular Disease
Carotid Artery Disease
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialized Cardiology Clinics
Self-Expanding Stents
Balloon-Expandable Stents
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Peripheral Artery Stent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Peripheral Artery Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Peripheral Artery Stent Market, By Type
6. South Korea Peripheral Artery Stent Market, By Application
7. South Korea Peripheral Artery Stent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Peripheral Artery Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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