Iliac Stent Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Iliac Stent Market?
The escalating occurrence of peripheral artery diseases is predicted to spur the expansion of the iliac stent market. Peripheral artery disease (PAD), a circulatory problem indicated by the constriction or obstruction of arteries outside the heart and brain, is on the rise due to factors like smoking, an aging population, hypertension, and diabetes. Iliac stenting presents a viable treatment solution for those afflicted with PAD, providing enhanced blood circulation, relief from symptoms, and prevention against complications. It is also minimally invasive and boasts a high rate of success. For example, the Society For Cardiovascular Angiography And Interventions, a US organization, stated in July 2023 that PAD impacts 8-10 million Americans annually, with projections showing that 19 million Americans will be suffering from PAD by 2050. Hence, the escalating rates of peripheral artery diseases fuel the growth of the iliac stent market.
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#What is the Projected CAGR for the Iliac Stent Market Size from 2025 to 2034?
The market size for iliac stents has seen significant growth in the past few years. This upward trajectory is expected to continue, with the market forecast to increase from $1.02 billion in 2024 to around $1.09 billion in 2025, exemplifying a compound annual growth rate (CAGR) of 7.2%. This historical growth can be traced back to several factors such as the global expansion of the healthcare industry, improved understanding of minimally invasive procedures, a greater demand for stenting procedures, a surge in iliac artery disease incidents, and enhancements in healthcare infrastructure.
Anticipated to experience robust development in the upcoming years, the iliac stent market is projected to expand to a substantial $1.43 billion by 2029, progressing at a compound annual growth rate (CAGR) of 6.9%. The predicted growth during this period can be largely ascribed to the rising incidence of peripheral artery diseases, an expanding older population, heightened numbers of angioplasty procedures, growing demand for minimally invasive surgeries, and a surge in diabetes cases. Noteworthy trends for this period forecast include advancements in iliac stent technology, increasing product approvals, progress in medical technology, growing distribution networks, along with the rising use of iliac stents in outpatient clinics.
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What New Market Trends Are Reshaping theIliac Stent Market and Its Opportunities?
Leading organizations in the iliac stent market are introducing pioneering products like iCast to enhance patient results and minimize the likelihood of complications. The iCast-covered stent system symbolizes a novel approach in addressing occlusive disease in the iliac artery, providing superior performance and lower complication risks than conventional bare-metal stents. For example, in October 2023, Getinge, a healthcare company headquartered in Sweden, declared the commercial availability of the iCast-covered stent system in the United States for the treatment of iliac arterial occlusive disease, as approved by the Food and Drug Administration (FDA). This announcement demonstrates Getinge’s dedication to provide top-tier products and support to American clinicians and hospital systems in managing this critical condition.
Who Are the Leading Market Players Fueling Growth in the Iliac Stent Market Trend?
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
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How is the Global Iliac Stent Market Segemented?
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 Geographics are Influencing the Growth of 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.
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