Digitized Healthcare To Revolutionize The Peripheral Stent Implants Market At A CAGR Of 7%

With start-ups investing heavily in AI projects (inclusive of several types of robotic systems), precise workflows are rendered, as automation won't leave any scope for errors. There is, as such, limitless scope to use automated systems and robotic helpers in modern-day hygiene, remote diagnostics, surgery, and diagnostics. Precision healthcare would be the buzzword. Thus, the Peripheral Stent Implants Market would be going automation ways going forward.

Growing prevalence of peripheral vascular disease across the globe is expected to increase demand for peripheral stent implants. Further, rising adoption of vascular stenting procedures is also surging demand for peripheral stents, propelling the growth of the global peripheral stent implants market. Key market players are focusing on providing cost-effective and multi-functional stents.

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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).

Company Profiles:

Abbott Laboratories
B. Braun Melsungen AG
Biotronik SE & Co. KG
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 PMR analyst.

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This release was published on openPR.