Industry Trend Analysis
Peripheral
Vascular Stents Market is expected to experience a moderate growth in coming
years between 2014 and 2022. The market is expected to reach $9.38 billion by
2022 at a moderately growing CAGR of 5.88%. Peripheral vascular stents devices
are used to diagnose peripheral artery disease (PAD). The PAD is characterized
by building plaque in the arteries which in turn blocks the arteries and
restricts the blood flow to the organs. When this condition is left untreated,
it can lead to gangrene and in turn it may end up to amputation of limbs.
Sometimes, it may also result into blockage of artery which can even lead to
stroke. The increasing incidence of PAD across the globe, rising geriatric
population and technological innovation related to peripheral vascular stents,
will be the major drivers of the peripheral vascular stents market over the
forecast period. Peripheral artery disease (PAD) is a common phenomenon among
the geriatric population. For instance, as per CDC, in US, more than 8.3
million people suffered from PAD in 2016. This indicates increase in demand of
peripheral vascular stents devices in the upcoming years. In addition,
development of new imaging techniques is expected to improvise the vascular
surgeries involving placement of peripheral vascular stents which in turn will
increase the demand of stenting procedures. However, high price of peripheral
stents and lack of awareness among general population about PAD, will restrain
the growth of the peripheral vascular stents market in the future years. Thus,
considering the drivers and challenges, peripheral vascular stents market is
expected to have a moderate growth over the forecast period.
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Competitive Outlook and Trend Analysis
The key players
operating in the peripheral vascular stents market emphasizes on product
development in order to introduce improve peripheral vascular stents devices
and capture a larger share of the market. Some of the major players in
this market are Boston Scientific, Terumo Medical Corporation, Abbott Laboratories,
Braun Melsungen, Biotronik,, Cook Medical, C.R. Bard, Intact Vascular, W.L.
Gore & Associates, Medtronic, Edward Lifesciences Corporation, and AngioScore.
Market Opportunities
The key opportunity for
the players operating in peripheral vascular stents market lies in the
development of various types of cost effective peripheral stents for better
assistance of the patients. Apart from that, innovative marketing strategies
will further broaden the opportunities of the key players to grow significantly
over the forecast period. In addition, changing lifestyles for peripheral
vascular stents, will further increase demand of this market, creating a
lucrative opportunities for growth, for the key players of this market.
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Peripheral Vascular Stents Market Segmentation
By Product
- Balloon
Expanding Stent
- Self-expanding
Stent
- Drug
Eluting Stent
- Bare
Metal Stent
By End User
- Ambulatory
Surgical Centers
- Specialty
Clinics
- Hospitals
By Region
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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