Iliac Stents Market - By Type (Self-expandable, Balloon-Expandable, Covered Stents), Artery Lesions (Common Iliac Artery Lesions, Severe Calcified Lesions, Complete Obstructive Lesions), End-use (Hospital, ASCs), & Global Forecast 2024 – 2032
Report ID: GMI8576
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 189
Countries covered: 22
Pages: 110
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Iliac Stents Market Size
Iliac Stents Market size was valued at around USD 899.9 million in 2023 and is expected to grow at a CAGR of 5% between 2024 and 2032. The increasing prevalence of peripheral artery disease (PAD) is anticipated to be among the primary factors to fuel the market growth.
The increasing prevalence of peripheral artery disease (PAD) is contributing to the growing demand for iliac stents. As the population ages and risk factors such as diabetes, obesity, and smoking become more prevalent, the incidence of PAD is on the rise. More people are experiencing symptoms related to PAD, such as leg pain, cramping, and difficulty walking, which can significantly impact their quality of life.
For instance, according to the Centers for Disease Control and Prevention (CDC), the number of people affected by peripheral artery disease (PAD) in the U.S. is approximately 6.5 million people aged 40 and older. This condition primarily affects African American individuals, with similar or slightly higher rates for Hispanics compared to non-Hispanic white people. This rising prevalence of PAD necessitates highly accurate treatment procedures and related devices, thereby anticipating an increasing demand for iliac stents.
Iliac stents are medical devices used to treat blockages or narrowing (stenosis) in the iliac arteries, which are located in the pelvis and supply blood to the legs. The iliac stent is a small, mesh-like tube made of metal, usually stainless steel or nitinol that is inserted into the narrowed artery to hold it open.
Iliac Stents Market Trends
Recent advancements in iliac stent design and materials have been focused on enhancing efficiency and effectiveness. These advancements include the use of innovative technologies in the development of materials and production techniques that played a significant role in improving stent design, with a focus on optimizing geometric properties such as length, thickness, and scaffold design for better performance.
Iliac Stents Market Analysis
Based on type, the market is segmented into self-expandable stents, balloon-expandable stents, and covered stents. The balloon-expandable stents segment is anticipated to witness the fastest growth rate with a CAGR of 5.2% over the forecast period.
Based on artery lesions, the iliac stents market is segmented into common iliac artery lesions, severe calcified lesions, and complete obstructive lesions. The common iliac artery lesions segment was valued at USD 563.3 million in 2023.
The iliac stents market by end-use is categorized into hospitals, ambulatory surgical centers, and other end-users. The hospital segment dominates the market with the revenue around USD 512.7 million in 2023.
North America iliac stents market accounted for USD 216.8 million revenue in 2023 and is predicted to witness substantial market growth.
Iliac Stents Market Share
The iliac stents industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy.
Iliac Stents Market Companies
Some of the eminent market participants operating in the iliac stents industry include:
Iliac Stents Industry News
Iliac stents market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Type
Market, By Artery Lesions
Market, By End-use
The above information is provided for the following regions and countries: