Peripheral Artery Stent Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Peripheral Artery Stent Market witnessed significant growth between 2018 and 2022, with the increasing prevalence of peripheral artery disease (PAD), a rising geriatric population, and advancements in stent technologies driving the demand for these medical devices. In these years, stents were increasingly used as a minimally invasive method for treating PAD, where the arteries in the limbs become narrowed due to atherosclerosis. The global demand was fueled by a combination of factors including greater access to healthcare in developing regions, the continuous improvement of stent materials (such as biodegradable stents), and the rising awareness of PAD's complications if untreated.
Between 2018 and 2022, the market observed a steady expansion in the adoption of stents. A key growth driver was the continued preference for angioplasty, with peripheral artery stents offering a safe alternative to more invasive surgeries. The emergence of drug-eluting stents, which provide additional benefits such as reducing the rate of restenosis (re-narrowing of the artery), also played a pivotal role. Furthermore, the demand for stents in both developed and emerging economies rose, especially due to advancements in manufacturing technologies and increased affordability of stent treatments.
However, the next decade (2023-2033) promises even greater potential as the market experiences a major shift driven by new innovations and increased adoption. The integration of artificial intelligence (AI) and machine learning (ML) into peripheral artery disease diagnostics, coupled with advancements in stent technology (e.g., bioresorbable stents), will likely lead to a more personalized approach to patient care. The growing number of patients suffering from obesity, diabetes, and hypertension, which are key risk factors for PAD, is expected to further escalate the demand for stents.
Moreover, the next decade is set to benefit from improvements in minimally invasive techniques, as well as collaborations between stent manufacturers and healthcare providers to offer more targeted and affordable treatment options. Personalized stenting procedures, combined with next-generation stents, will become more accessible to patients worldwide, driving growth in both developed and emerging markets.
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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 Global Peripheral Artery Stent Market
Lower Limbs
Renal Artery
Carotid Artery
Based on Types the Market is categorized into Below types that held the largest Peripheral Artery Stent market share In 2023.
Balloon Expandable Stent
Self Expandable Stent
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 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. Global Peripheral Artery Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Peripheral Artery Stent Market, By Type
6. Global Peripheral Artery Stent Market, By Application
7. Global Peripheral Artery Stent Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Peripheral Artery Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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