Rising Prevalence of PVDs Drives the Global Peripheral Vascular Stents Market to Nearly $3 Billion by 2030


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 AttributeDetails
No. of Pages100
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.67 billion
Forecasted Market Value (USD) by 2030$2.97 billion
Compound Annual Growth Rate7.4%
Regions CoveredGlobal

Report Structure:

  1. Methodology and Scope
  2. Executive Summary
  3. Market Variables, Trends, & Scope
  4. Type Business Analysis
  5. Mode of Delivery Business Analysis
  6. Product Business Analysis
  7. End-Use Business Analysis
  8. Regional Business Analysis
  9. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/t1i9kj

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Global Peripheral Vascular Stents Market