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Advancements In Iliac Stent Technologies With FDA Approval Enhances Safety, Innovation, and Accessibility Trend: A Crucial Influence on the Iliac Stent Market's Transformation in 2025
What Is the Expected Size and Growth Rate of the Iliac Stent Market?In recent times, there has been a substantial surge in the size of the iliac stent market. The market which was valued at $1.02 billion in 2024 is projected to reach $1.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical phase was a result of numerous factors including the expansion of the worldwide healthcare sector, heightened consciousness about minimally invasive techniques, surge in demand for stenting operations, an increase in the prevalence of iliac artery diseases, and superior healthcare infrastructure.
The market for iliac stents is anticipated to witness robust growth in the forthcoming years, projected to expand to $1.43 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.9%. This expected growth within the forecast period can be linked to factors such as increasing incidence of peripheral artery diseases, a growing elderly population, a rise in angioplasty procedures, increased necessity for less invasive surgeries, and a rising occurrence of diabetes. The forecast period also sees major trends that include technological progress in iliac stent designs, a growing tally of product approvals, advancements in the field of medical technology, broadening distribution networks and an increased usage of iliac stents in outpatient facilities.
What Are the Forces Behind the Rapid Growth of the Iliac Stent Market?
The growth of the iliac stent market is anticipated to be fueled by the rising occurrence of peripheral artery diseases. Peripheral artery disease, commonly known as PAD, is a circulatory issue where arteries beyond the heart and brain become narrowed or blocked. The current rise in PAD cases can be attributed to smoking, the aging demographic, hypertension, and diabetes. Iliac stenting serves as an effective remedy for PAD sufferers by enhancing blood circulation, alleviating symptoms, preventing complications and boasting a high rate of success due to its minimal invasiveness. As pointed out by the US-based Society For Cardiovascular Angiography And Interventions in July 2023, PAD affects 8-10 million Americans annually, with a projection of 19 million Americans being afflicted by 2050. Hence, the escalating instances of peripheral artery diseases are fueling the expansion of the iliac stent market.
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Which Leading Companies Are Shaping the Growth of the Iliac Stent Market?
Major companies operating in the iliac stent market are Cardinal Health Inc., Abbott Laboratories, Medtronic Plc, Becton, Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, W. L. Gore & Associates Inc., C. R. Bard Inc., Getinge AB, Cook Medical LLC, Biotronik SE & Co. KG, MicroPort Scientific Corporation, Cordis Corporation, Endologix Inc., LeMaitre Vascular Inc., Alvimedica, Clearstream Technologies Ltd., Jotec GmbH, Translumina GmbH, Vascular Concepts Limited, Lombard Medical Technologies, Acandis GmbH, Gore Medical, Medizintechnik GmbH
What Are the Major Trends Shaping the Iliac Stent Market?
Leading businesses in the iliac stent market, such as Getinge, are pioneering the development of cutting-edge products like the iCast, with an aim to enhance patient outcomes and minimize complications. Distinguished from the conventional bare-metal stents, the iCast-covered stent system showcases a groundbreaking technique in treating iliac artery occlusive disease by delivering enhanced performance and lower risk of complications. In fact, in October 2023, Getinge, a healthcare company based in Sweden, launched the iCast-covered stent system commercially in the United States for the treatment of iliac arterial occlusive disease with the approval from the FDA, thereby demonstrating its high commitment to offering top-quality products and support to US medical professionals and hospitals dealing with this critical condition.
What Are the Key Segments of the Iliac Stent Market?
The iliac stent market covered in this report is segmented -
1) By Type: Self-Expandable Stents, Balloon-Expandable Stents, Other Types
2) By Artery Lesions: Common Iliac Artery Lesions, Severe Calcified Lesions, Complete Obstructive Lesions
3) By End-Users: Hospitals, Outpatient Facilities, Other End-Users
Subsegments:
1) By Self-Expandable Stents: Nitinol Self-Expandable Stents, Polymer-Coated Self-Expandable Stents
2) By Balloon-Expandable Stents: Bare-Metal Balloon-Expandable Stents, Drug-Eluting Balloon-Expandable Stents
3) By Other Types: Covered Stents, Hybrid Stents
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Which Region Dominates the Iliac Stent Market?
North America was the largest region in the iliac stent market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iliac stent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Iliac Stent Global Market Report?
- Market Size Analysis: Analyze the Iliac Stent Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Iliac Stent Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Iliac Stent Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Iliac Stent Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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