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Iliac Stent Market

Published Date : Jun 2024 | Forecast Year : 2019

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Iliac Stent Market share, Industry trends Segmentation Analysis by Type (Bare Metal Stents, Drug-Eluting Stents, Bioresorbable Stents) by Application (Iliac Artery Stenosis, Iliac Artery Aneurysms, Others) Growth, demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG249

Published : Jun 2024

Pages : 156

Category : Pharma & Healthcare

Format : Iliac Stent Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 1.74 Billion
MARKET SIZE (2024)USD 1.04 Billion
CAGR (2023-2029)5.9%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEBare Metal Stents
Drug-Eluting Stents
Bioresorbable Stents
BY APPLICATIONIliac Artery Stenosis
Iliac Artery Aneurysms
Others
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSMedtronic, Abbott Laboratories, Boston Scientific Corporation, Cook Medical, C. R. Bard, Inc. (acquired by BD), Terumo Corporation, Cardinal Health, Inc., B. Braun Melsungen AG, Biotronik SE & Co. KG, MicroPort Scientific Corporation.

The iliac stent market is at the forefront of medical innovation, addressing the critical need for effective treatment of iliac artery disease. One of the most common peripheral arterial diseases, intestinal arterial stenosis presents a significant challenge to both patients and healthcare providers, often resulting in debilitating symptoms and reduced quality of life. In response, the development and progress of iliac stents changed the landscape of vascular interventions, providing minimally invasive solutions with significant efficacy. This evolving market is characterized by a dynamic interplay of technological advances, evolving clinical practices and a growing patient population. Manufacturers are constantly striving to improve the performance, durability and biocompatibility of devices with various stent designs, materials and delivery systems. In addition, the prevalence of risk factors such as diabetes, hypertension and obesity further emphasize the importance of innovative therapeutic options in the treatment of intestinal arterial disease. Against this backdrop, this research blog delves into the multifaceted aspects of the Iliac Stent market, exploring market trends, regulatory dynamics, technological innovations, and clinical outcomes. By researching the latest developments and emerging trends, stakeholders can gain valuable insights into how to navigate this dynamic landscape and deliver optimal patient care.

Iliac Stent Market valued at $1.04 Billion in 2024 and projected to reach $1.74 Billion by 2032, growing at a 5.9 % CAGR

Market Overview

The global Iliac Stent market is growing rapidly due to several factors, including increasing prevalence of peripheral artery disease, advancement in minimally invasive surgical techniques, and growing geriatric population. Iliac stents are specifically designed to treat iliac artery stenosis, a common form of peripheral artery disease (PAD) characterized by narrowing of the iliac arteries that can cause reduced blood flow to the lower extremities. One of the major factors driving the growth of the market is the increasing prevalence of risk factors such as diabetes, hypertension, and obesity, which significantly contribute to the development of colorectal disease. In addition, the aging population, especially in developed regions, will increase the demand for iliac stents as the elderly are more prone to vascular diseases. Technical advances in stent design and materials have also played a key role in the expansion of the market. Innovations such as drug-eluting stents, bioresorbable scaffolds, and advanced delivery systems have improved the efficacy and safety of iliac stent procedures, resulting in better patient outcomes and shorter recovery times. Additionally, the proliferation of minimally invasive endovascular procedures instead of traditional open surgeries has contributed to the growth of the market. Intravascular interventions offer several advantages such as lower risk of complications, shorter hospital stay and faster recovery, which increases the demand for iliac stents. Geographically, North America and Europe dominate the global Iliac Stent market due to well-established healthcare infrastructure, widespread adoption of advanced medical technology, and favorable reimbursement policies. However, emerging economies in Asia Pacific and Latin America are poised to see significant growth opportunities due to improved healthcare infrastructure, increasing disposable income and growing awareness of minimally invasive treatment options.

Iliac Stent Market

Size, by Product, - (USD Billion)

Bare Metal Stents

Drug-Eluting Stents

Bioresorbable Stents

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

5.9%

The Forecast Market

Size for in USD:

$1.74 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Key players:

  • Medtronic
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Cook Medical
  • C. R. Bard, Inc. (acquired by BD)
  • Terumo Corporation
  • Cardinal Health, Inc.
  • B. Braun Melsungen AG
  • Biotronik SE & Co. KG
  • MicroPort Scientific Corporation

Market Segmentation:

By Type:

  • Bare Metal Stents
  • Drug-Eluting Stents
  • Bioresorbable Stents

By Application:

  • Iliac Artery Stenosis
  • Iliac Artery Aneurysms
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

By Distribution Channel:

  • Direct Sales
  • Distributor Sales

Iliac Stent Market

Share, by end user, (USD Billion)

Analytica Global 1.04 Billion %

Hospitals

Ambulatory Surgical Centers

Specialty Clinics

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

1.74 Billion

Total Market Size

USD (Billion),

5.9%

CAGR

-

Market Dynamics:

Trends:

  • Technological Advances: Continued innovation in stent design, materials and delivery systems is a visible trend in the market.
  • Shift to minimally invasive procedures: Preference for minimally invasive endovascular interventions over traditional open surgeries is driving market growth.
  • Increasing prevalence of drug-eluting stents: The use of drug-eluting stents is increasing because of their ability to reduce restenosis and improve long-term outcomes.
  • Growing Emphasis on Patient-Centered Care: The trend is toward individualized treatments that focus on improving patient outcomes and quality of life.

Limitations:

  • High cost of treatment: Costs associated with iliac stent procedures can be prohibitive for some patients, limiting market access, especially in developing regions.
  • Complications and risks. Despite the advances, iliac stenting procedures are still associated with risks such as stent occlusion, restenosis, and arterial injury, which may limit market growth.
  • Strict regulatory requirements: Compliance with strict regulatory standards and approval processes can create challenges for market participants, causing delays in bringing products and increased costs.

Opportunities:

  • Untapped Emerging Markets: Emerging economies in Asia Pacific, Latin America and Africa offer significant growth opportunities due to improving healthcare infrastructure and rising disposable incomes.
  • Aging Population: The global aging population is expected to increase the demand for iliac stents as the elderly are more prone to peripheral artery disease.
  • Increasing prevalence of risk factors: Increasing prevalence of risk factors such as diabetes, hypertension and obesity is expected to drive market growth, increasing the demand for treatment options.
  • Focus on R&D: Continued investment in R&D to innovate new stent technologies and improve existing ones offers ample growth opportunities for market players.

Challenges:

  • Reimbursement issues: Inadequate reimbursement practices in certain regions or coverage limitations for hip stent procedures may hinder market growth.
  • Competition from Alternative Therapies: Alternative therapies such as drug therapy and lifestyle changes are challenging market growth, especially for patients with mild to moderate disease.
  • Regulatory Uncertainty: The evolving regulatory environment and changing reimbursement practices in different regions can create uncertainty for market participants, affecting investment decisions and market expansion strategies.

Iliac Stent Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 24

The Market will Grow

At the CAGR of:

5.9%

The Forecast Market

Size for in USD:

$1.74 BillionB

b0d51e3055fd6f23ff6a384a6e091406.svg

Value Chain Analysis:

  • Raw Material Sourcing: The value chain starts with sourcing raw materials such as metals (stainless steel, cobalt-chromium alloy), polymers and drug coatings (drug-eluting stents) from suppliers.
  • Production: Raw materials are processed and transformed into finished billboards through production processes such as laser cutting, machining and surface treatment.
  • Distribution and Logistics: Ready-made stents are delivered to healthcare facilities through distributors or directly from manufacturers. Effective logistics and distribution networks are crucial to ensure timely delivery and availability of products.
  • Marketing and Selling: Marketing activities are used to promote products to healthcare professionals and institutions. Sales teams work with hospitals, clinics and physicians to drive product adoption.
  • Implantation and patient care: Physicians implant stents in patients during minimally invasive endovascular procedures. After implantation, patients receive follow-up care and follow-up to ensure the best possible outcome.
  • Research and Development: Ongoing research and development encourages innovation in stent design, materials and technology, contributing to market development.

Supply chain Analysis

  • Supplier Relationships: Manufacturers maintain relationships with suppliers to ensure a continuous supply of raw materials and components. Close cooperation is essential to maintain quality standards and reduce supply chain risks.
  • Manufacturing Processes: Manufacturers use advanced manufacturing techniques to efficiently produce stents while meeting regulatory requirements and quality standards.
  • Distribution Channels: Ready-made stents are distributed through various channels, including direct sales, distributors and online platforms. Effective distribution channels ensure timely delivery and product availability.
  • Inventory management: Effective inventory management practices help optimize inventory levels, minimize cost overruns, and ensure product availability to meet fluctuations in demand.
  • Regulatory Compliance: Regulatory compliance is an integral part of the supply chain that ensures product safety, efficacy and compliance with quality standards.
  • Risk Management: Supply chain risks such as supply disruptions, quality issues and regulatory changes are managed through proactive risk management strategies and contingency plans.

Consumer Behavior Analysis:

  • Patient preferences: Patients may prefer stent types, materials, and brands based on factors such as efficacy, safety, and cost.
  • Physician Decision Making: Physician preference, clinical judgment, and experience play an important role in selecting the right stents for patients. Education, training and access to clinical information influence decision making.
  • Reimbursements and Insurance Coverage: Reimbursement and insurance coverage practices affect patient and physician choices. Reimbursement for certain types of stents or procedures can affect adoption rates.
  • Quality of life considerations: Patient-centered factors that influence treatment decisions, such as quality of life, recovery time, and post-procedural complications. Stent features that improve patient comfort and long-term outcomes are preferred.
  • Information sources: Patients and health care professionals use a variety of information sources, including the medical literature, clinical trials, peer referrals, and Internet resources. Access to accurate and reliable information shapes decision making.

Iliac Stent Market TO (USD BN)

Iliac Stent Market

CAGR OF

5.9%

Iliac Stent Market

b0d51e3055fd6f23ff6a384a6e091406.svg
Analytica Global 1.74 Billion%

Recent Developments:

  • Advances in drug-eluting stent technology: Manufacturers are focused on developing next-generation drug-eluting stents with improved drug coatings and delivery systems to improve efficacy and reduce restenosis.
  • Introduction of Bioresorbable Stents: There has been increased interest in bioresorbable stents that gradually dissolve in the body over time, potentially reducing the long-term complications associated with permanent implants.
  • Expanding pointers. Clinical studies and research have investigated the use of iliac stents in various indications, including complex lesions and complex anatomies, increasing the potential patient population for these devices.
  • Integration of digital health solutions: Some companies have begun to integrate digital health solutions such as telemonitoring and telemedicine platforms to improve patient care and post-procedure monitoring, thereby improving overall treatment outcomes.
  • Regulatory Approvals and Marketing Rights: Several companies have received regulatory approvals and marketing approvals for new iliac stent products in various regions, facilitating market entry and expansion.
  • Focus on patient design: Manufacturers are increasingly focusing on patient design principles, developing stents that prioritize patient comfort, durability and ease of implantation to improve the overall treatment experience.
  • Collaboration and Partnerships: Collaboration between industry players, healthcare institutions and research organizations has intensified, driving innovation and accelerating the development of new stent technologies and therapies.
  • Long-term outcome research: Long-term outcomes and durability of iliac stent interventions are continuously studied, with a focus on real-world data collection and analysis based on clinical practice and treatment recommendations.
  • Market Expansion Strategies: Companies are exploring market expansions in emerging economies through strategic partnerships, distribution agreements, and investments in local manufacturing and distribution infrastructure.
  • Patient Education and Awareness Initiatives: Efforts to increase awareness of peripheral artery disease, treatment options, and the importance of early intervention have been increased through patient education campaigns and advocacy initiatives.

Conclusion:

The iliac stents market is developing rapidly due to technological advancements, an aging population, and an increase in peripheral artery disease. As manufacturers innovate in drug-eluting and bioresorbable stents, and as healthcare moves toward minimally invasive procedures, the market is poised for significant growth. Major players are expanding their presence globally by tapping emerging markets with advanced healthcare infrastructure. Despite challenges such as high treatment costs and strict regulatory requirements, the market offers promising growth opportunities thanks to continuous research and development, strategic partnerships and improved patient-centered care. Understanding market dynamics and consumer behavior is essential for stakeholders who want to effectively navigate this dynamic landscape.

Iliac Stent Market - Global Outlook & Forecast 2024-2029

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