Global
Peripheral Vascular Stents Market is expected to grow at a significant CAGR in
the upcoming years as the scope and its application are rising enormously
across the globe. Peripheral vascular stents are used to open the blocked
arteries and restore blood flow. Stent is a tiny metal-mesh tube, placed to
hold the artery open by reducing the risk of the artery narrowing. These stents
are mainly used to treat disease like peripheral artery disease (PAD). With the
help of angioplasty or vascular surgery, peripheral vascular stents are placed
in the arteries to prevent blockage. Prominent factors that are playing major
role in the growth of Peripheral Vascular Stents Market are, growing occurrence
of PAD, growing geriatric population, development of new imaging techniques,
and rising use of advanced technology for treatment. On the other hand, low
awareness and high price of peripheral vascular stents are the factors that are
restraining market growth.
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Centers
for Disease Control and Prevention (CDC) stated that, around 8.5 million people
in the United States suffer from peripheral artery disease (PAD). Peripheral
Vascular Stents Market is segmented based on product type, end user, and
region. Peripheral Vascular Stents Market is classified, by product type into
Bare Metal Stent, Balloon Expanding Stent, Drug Eluting Stent, and
Self-Expanding Stent. Peripheral Vascular Stents Market is classified, by
end-user into Specialty Clinics, Hospitals, and Ambulatory Surgical Centers.
Peripheral
Vascular Stents Market is segmented, geographically into America (North
America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific,
Latin America, Middle East and Africa. Globally, North American and Western
European regional market are projected to be the dominant market in terms of
revenue. The reason being, growing awareness and rise in stenting procedures
that are performed. Moreover, the high occurrence of PAD in these regions is
estimated to boost the growth of Peripheral Vascular Stents Market in foremost
period.
On
the other hand, Asia Pacific regional market is expected to grow at fastest
pace in the upcoming years. The reason being, increasing occurrence of PAD, and
growing awareness of peripheral vascular stents among population. China and
India are the major consumer of Peripheral Vascular Stents Market. Moreover,
Latin American and Middle East and African regional market is expected to grow
at lucrative pace in future in terms of revenue. This is mainly due to the
factors such as increment in diabetic population, obesity, smoking and people
suffering from hypertension. The key players of Peripheral Vascular Stents
Industry are Medtronic, Abbott Laboratories, Cordis Corporation, Boston
Scientific, Cook Medical, C.R. Bard and Biotronik.
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