Tag: iliac stent market forecast

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What is the Expected Growth Rate of the Iliac Stent Market from 2024 to 2033?
The iliac stent market is expected to increase from $0.95 billion in 2023 to $1.02 billion in 2024, with a CAGR of 6.9%. Factors driving growth include the expansion of the global healthcare industry, greater awareness of minimally invasive procedures, demand for stenting, rising incidence of iliac artery diseases, and improved infrastructure.

The iliac stent market is projected to grow significantly, reaching $1.34 billion by 2028 with a CAGR of 7%. Growth drivers include the prevalence of peripheral artery diseases, an aging population, increased angioplasty procedures, demand for less invasive operations, and rising diabetes incidence. Trends include iliac stent technological advancements, increased product approvals, medical technology innovations, expanded distribution networks, and adoption in outpatient settings.

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What Key Factors Are Fueling the Growth of the Iliac Stent Market?
The rising prevalence of peripheral artery diseases is expected to boost the iliac stent market. This condition involves the narrowing or blockage of arteries outside the heart and brain, often linked to smoking, aging, and diabetes. Iliac stenting is an effective treatment that enhances blood flow and relieves symptoms. The Society For Cardiovascular Angiography And Interventions reported that PAD affects 8-10 million Americans annually, with projections indicating 19 million will be affected by 2050. Thus, the increase in peripheral artery diseases is driving the iliac stent market.

What Are the Major Segments of the Iliac Stent Market?
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

What New Trends Are Transforming the Iliac Stent Market?
Companies in the iliac stent market are developing innovative products like the iCast-covered stent system to improve treatment outcomes. In October 2023, Getinge announced the availability of this system in the USA, aimed at treating iliac artery occlusive disease.

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Which Regions Are Driving Growth in 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.

The Iliac Stent Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the iliac stent market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Iliac Stent Market Include

1. Iliac Stent Market Executive Summary
2. Iliac Stent Market Segments
3. Iliac Stent Market Size And Template Market Growth Rate
4.  Key Iliac Stent Market Trends
5. Major Iliac Stent Market Drivers
……
25. Key Mergers And Acquisitions In The Iliac Stent Market
26. Top Iliac Stent Companies
27. Iliac Stent Market Opportunities And Strategies
28. Iliac Stent Market, Conclusions And Recommendations
29. Appendix

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The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

Market Overview and Recent Growth

• Strong Market Growth: The iliac stent market has shown significant growth recently, expanding from $0.95 billion in 2023 to $1.02 billion in 2024. This represents a compound annual growth rate (CAGR) of 6.9%.
• Drivers of Growth: Several factors have driven this expansion, including:
  • Global Healthcare Expansion: A broader global healthcare industry has increased the demand for medical devices, including iliac stents.
  • Increased Awareness: There is a growing awareness of minimally invasive procedures among healthcare professionals and patients.
  • Rising Incidence of Diseases: An increase in iliac artery diseases has led to more stenting procedures.
  • Improved Infrastructure: Enhanced healthcare facilities have supported the growing demand for stenting.

Future Market Projections

• Continued Growth Expected: The market is projected to grow further, reaching $1.34 billion by 2028, with a CAGR of 7%.
• Factors Driving Future Growth: Key factors contributing to this future growth include:
  • Prevalence of Peripheral Artery Diseases (PAD): As PAD becomes more common, the need for iliac stents to treat this condition is expected to rise.
  • Aging Population: A growing elderly population, more prone to arterial diseases, is likely to drive demand.
  • Rise in Diabetes: The increasing incidence of diabetes, a risk factor for arterial diseases, is also expected to fuel market growth.
  • Need for Minimally Invasive Procedures: A shift towards less invasive surgeries supports the adoption of stents.

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Rising Prevalence of Peripheral Artery Diseases Fuels Market Growth

• Impact of PAD: The increasing prevalence of PAD is a significant driver for the iliac stent market. PAD affects the arteries outside the heart and brain, causing narrowing or blockages.
• Reasons for Rising PAD Cases:
  • Lifestyle Factors: Smoking, hypertension, and aging are contributing to higher PAD rates.
  • Health Conditions: Conditions like diabetes further increase the risk.
• Iliac Stenting as a Solution: Stenting is a minimally invasive and highly effective treatment for PAD, improving blood flow and preventing complications.
  • High Success Rates: The procedure is known for its effectiveness and lower risk of complications.
• Example of PAD Prevalence: According to the Society For Cardiovascular Angiography And Interventions, PAD currently affects 8-10 million Americans, with projections estimating that 19 million Americans will have PAD by 2050.

Technological Advancements and Product Approvals Boost Market Expansion

• Innovation in Stent Technologies: Companies are continuously developing new stent technologies to improve patient outcomes.
• FDA Approvals: Recent product approvals by the FDA, such as Getinge’s iCast-covered stent system, showcase innovation in the field.
  • Enhanced Safety: These newer stents offer better performance and reduce the risk of complications compared to traditional stents.
• Example of Technological Advancements: Getinge’s iCast stent, approved in 2023, exemplifies advancements in the field, reflecting a commitment to high-quality healthcare solutions.

Strategic Acquisitions Enhance Market Competitiveness

• Industry Consolidation: Major companies in the iliac stent market are expanding their portfolios through strategic acquisitions.
• Abbott Laboratories’ Acquisition: In February 2023, Abbott Laboratories acquired Cardiovascular Systems Inc. (CSI) to enhance its vascular device offerings.
  • Integration of Advanced Technologies: This acquisition allows Abbott to incorporate CSI’s innovative atherectomy system, bolstering its presence in the vascular disease treatment market.

Market Segmentation and Regional Insights

• Market Segmentation: The iliac stent market is segmented based on:
  • Type: Self-expandable stents, balloon-expandable stents, and other types.
  • Artery Lesions: Common iliac artery lesions, severe calcified lesions, and complete obstructive lesions.
  • End-Users: Hospitals, outpatient facilities, and other end-users.
• Regional Dynamics:
  • North America: Was the largest region in the iliac stent market in 2023.
  • Asia-Pacific: Expected to be the fastest-growing region during the forecast period, driven by expanding healthcare infrastructure and increasing prevalence of PAD.

The iliac stent market is poised for substantial growth, driven by technological advancements, an aging population, and the increasing prevalence of PAD. With continuous innovation and strategic acquisitions, the market is set to expand further, offering improved treatment options for patients globally.

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