Peripheral Stent Implants Market Evaluation Targets Advancement Anticipated until 2025

The healthcare vertical is on the verge of shifting point-of-care services to a wider constellation of settings, inclusive of the patients’ own homes. This has, in turn, given rise to value-based payment methodologies.

With far-flung patients getting an access to high-speed internet, digital care is becoming the cornerstone. On these grounds, One Medical, an IPO backed by Google, is turning out to be a benchmark with regards to digital-first primary care, wherein concierge service is offered on payment of annual fee.

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Increasing investments to provide customized and innovative peripheral vascular stents by key manufacturers and rising emphasis on low-cost peripheral artery stent development are other factors expected to aid market growth. The global peripheral stent implants market is expected to exhibit a healthy CAGR of nearly 7% over the forecast period (2020–2030).

Companies covered in Peripheral Stent Implants Market Report

Abbott Laboratories
B. Braun Melsungen AG
Boston Scientific Corporation
Cook Medical, Inc.
Cardinal Health, Inc.
iVascular SLU
Medtronic Plc.
Terumo Corporation
W. L. Gore & Associates Inc.

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Key Takeaways from Peripheral Stent Implants Market Study

The bare metal stents (BMS) segment by product held the highest value in the global peripheral stent implants market in 2019, owing to their high adoption in several peripheral artery stenting procedures.

North America is expected to be the most lucrative region and held a revenue share of over 48% in the global peripheral stent implants market in 2019; this trend is expected to continue through the forecast period as well.

The U.S., followed by China, is expected to contribute the highest revenue share by country in the peripheral stent implants market.

Higher peripheral artery disease patient pool and increasing adoption of peripheral vascular stents in Asian countries are expected to propel market growth in the region.

The peripheral stent implants market is expected to face an adverse effect due to the COVID19 pandemic in 2020, due to shortage of manpower and supply chain disruptions.

“Rise in peripheral vascular disease patient numbers coupled with growing adoption of peripheral stenting procedures are expected to flourish the peripheral stent implants market with growth opportunities, and provide a competitive advantage to key market players in terms of cost reduction,” says a PersistenceMarketResearch analyst.

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New Product Launch – Imperative Strategy for Market Players

Manufacturers in the peripheral stent implants market are actively focusing on launching new products to hold a better position in the peripheral stent implants market. Further, developing and launching new technologically advanced products as per patient needs is a factor responsible for strong competition among global peripheral stent implants market players.

Manufacturers are now focusing on introducing advanced peripheral stents to support clinicians in simplifying their interventional procedures. For instance, in July 2019, CCRM Terumo Corporation launched its MISAGO Rx, a self-expanding peripheral stent for iliac artery procedures, in Japan.

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