Global Peripheral Vascular Stents Market: Overview
Peripheral arterial diseases are caused due to fatty deposits in arteries which restricts the blood flow of muscles. Peripheral vascular diseases are diseases of blood vessels other than heart such as kidneys, limbs, gut, and brain. An intravascular stent is known as a vascular stent is a synthetic tubular mesh structure used for permanent implant in the native vasculature. A stent is designed as a support which improves the specifications and life of the stents.
The report presents an in-depth analysis of the global peripheral vascular stents market which focuses on market dynamics, segmentation, and competitive analysis. The report offers useful information on the players holding a strong position such as their growth strategies to maintain their position in the peripheral vascular stents market. The report is the analysis and prediction of revenue based on widespread primary and secondary research methodologies.
Global Peripheral Vascular Stents Market: Drivers and Restraints
The increasing awareness across the underdeveloped and developing countries such as counties in the Middle East and Africa coupled with growing investments from key players and governments in order to increase the prevalence of peripheral artery diseases and technological advancement in stents. These stents are mostly adopted by the low-income countries mainly in the Middle East and Africa for angioplasty. This adoption is supported by the public-private partnerships and alliances.
Growing adoption of peripheral stents in the angioplasty and the conventional open surgery is fuelling the growth of the global peripheral vascular stents market. Furthermore, growing approvals for new products such as bio-based stents and eluting and its availability in the US, Europe, and Japan from last few years has improved the peripheral vascular stents which boosted the adoption of peripheral vascular stents. This has propelled the growth of the global peripheral vascular stents market.
However, stringent regulations imposed on the peripheral vascular stents to ensure the safety of the patients are restraining growth of the global peripheral vascular stents market. Nevertheless, growing patient pool and geriatric population are creating opportunities for key players operating in the peripheral vascular stents market.
Global Peripheral Vascular Stents Market: Geographical Analysis
On the basis of region, the peripheral vascular stents market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, in terms of value, North America is expected to dominate the global peripheral vascular stents market and continue its dominance over the forecast year. The growth in North America is attributable to the increasing adoption of minimally invasive surgeries for cardiovascular diseases. However, Asia Pacific is expected to grow with higher CAGR over the forecast period. Growth in the Asia Pacific region is attributable to the presence of patient’s pool and increasing geriatric population in the region.
Global Peripheral Vascular Stents Market: Companies Mentioned
Some of the key players operating in the peripheral vascular stents market are Medtronic Plc., Dickinson and Company, Becton, and Cardinal Health. The peripheral vascular stents market has consolidated landscape owing to a number of acquisitions. Few of the players are accounting for more than 55% of the shares in the overall global peripheral vascular stents market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.