U.S. Iliac Stents Market
The U.S. iliac stents market is expected to witness steady growth in the coming years, driven by an increasing prevalence of peripheral artery disease (PAD) and a growing aging population. According to the Centers for Disease Control and Prevention (CDC), around 8.5 million people in the United States are affected by PAD, and this number is expected to increase as the population continues to age. Additionally, technological advancements in iliac stent design and materials are expected to drive market growth as these advancements improve the safety and efficacy of iliac stent procedures.
Largest Region
North America
USD 223.3 Million in 2023
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Growth Drivers:
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
2. Technological Advancements in Iliac Stent Design: Advancements in stent design and materials have improved the safety and efficacy of iliac stent procedures, leading to increased adoption by healthcare professionals and patients.
3. Rising Adoption of Minimally Invasive Procedures: The growing preference for minimally invasive procedures among patients and physicians is expected to drive the demand for iliac stents, as these devices are often used in endovascular procedures.
Industry Restraints:
1. Reimbursement Challenges: Reimbursement challenges and pricing pressures in the U.S. healthcare system may hinder market growth, as healthcare providers and patients may face difficulties in obtaining coverage for iliac stent procedures.
2. Complications Associated with Iliac Stent Implantation: Complications such as restenosis and thrombosis following iliac stent implantation may limit market growth, as these issues can lead to additional procedures and increased healthcare costs.
Segment Analysis
The U.S. iliac stents market can be segmented based on product type, material, and end user. Product type segments may include bare metal stents, drug-eluting stents, and covered stents, while material segments may include stainless steel, nitinol, and cobalt-chromium. End users of iliac stents may include hospitals, ambulatory surgical centers, and specialty clinics.
Competitive Landscape
Key players in the U.S. iliac stents market include major medical device companies such as Boston Scientific Corporation, Medtronic, Abbott Laboratories, and Cook Medical. These companies are investing in research and development efforts to create innovative iliac stent products and expand their market presence. Additionally, mergers and acquisitions, partnerships, and product launches are common strategies employed by these companies to maintain their competitive position in the market. Moreover, several smaller companies are also entering the market, offering specialized products and creating a competitive landscape in the U.S. iliac stents market.
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