Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The "Peripheral Vascular Stents Market Size, Share & Trends Analysis Report 2023 - 2030" has been added to ResearchAndMarkets.com's offering.
Peripheral vascular diseases (PVDs) are seeing a rise in prevalence. To manage these conditions, peripheral vascular stents have become an essential tool for healthcare providers.
Market Growth Drivers:
- The market is set to reach USD 2.97 billion by 2030 with a CAGR of 7.4% from 2023 to 2030.
- The increasing prevalence of PVDs is a primary driver.
- Cardiovascular disease (CVD) was a leading cause of death worldwide in 2020.
- Technological advancements and the approval of innovative products are fueling the market growth.
Key Market Highlights (2022):
- Drug-eluting stents (DES) dominated with 60.52% of the market share due to its effective reduction of restenosis and lower incidence of MACE.
- Balloon-expanding stents held 53.92% of the market, driven by their advantages and the preference for minimally invasive procedures.
- Iliac artery stents accounted for 33.46% of the market.
- Hospitals & cardiac centers had a significant market share of 74.54%.
- North America led with 43.79% of the market share, attributed to its advanced healthcare infrastructure.
Notable Advancements:
- Cordis's S.M.A.R.T. RADIANZ Vascular Stent System is a notable product, obtaining FDA approval in March 2022. It's complemented by the BRITE TIP RADIANZ Guiding Sheath and SABERX RADIANZ PTA Catheter.
Report Breakdown:
- Covers the forecast period from 2022 to 2030.
- In 2022, the estimated market value was USD 1.67 billion.
- By 2030, the market value is projected to be USD 2.97 billion.
Company Profiles
- Medtronic
- Terumo Europe NV
- Boston Scientific Inc.
- Stryker
- Biotronik
- Cook Medical
- Microport Scientific Corporation
- Lifetech
- iVascular SLU
- Hellman & Friedman (Cordis Inc.)
- Stentys S.A.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.67 billion |
| Forecasted Market Value (USD) by 2030 | $2.97 billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Report Structure:
- Methodology and Scope
- Executive Summary
- Market Variables, Trends, & Scope
- Type Business Analysis
- Mode of Delivery Business Analysis
- Product Business Analysis
- End-Use Business Analysis
- Regional Business Analysis
- Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/t1i9kj
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