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Global PV Stent Market Rebounds Following 2019 Claims on Drug-Eluting Stents Late-Mortality
By: iData Research
According to iData's Global Peripheral Vascular Stent Market Report, the total global market was estimated at just over $3.1 billion in 2020. In terms of specific segments, the bare-metal stent market was estimated at $1.5 billion with the covered stent market at $1.4 billion and the drug-eluting stent market at $259 million. Due to several factors, the market is projected to continue its growth and reach almost $3.8 billion by 2026. This report includes procedures, unit sales, average selling prices, market drivers and limiters, competitive market share analysis, and more.
iData's analysis covers three market segments, bare-metal, covered, and drug-eluting. The covered stent market accounted for the majority of the total market value. Globally, there is a trend towards covered stents due to the increasing concern for long-term patient health and minimization of complications with stent placement. The high price of devices within this segment, and the large uptake in use, will result in the covered stent market becoming the largest segment of the North American peripheral vascular stent market by 2026.
"In 2019, this market suffered a shock as information was released indicating late-mortality, causing many physicians to stop device usage", says Dr. Kamran Zamanian, Senior Partner and CEO of iData Research, "Once significant clinical evidence is produced, a migration back to use of DESs is expected."
Among the many competitors within these markets, Medtronic, W.L. Gore, and Boston Scientific are the leaders. Medtronic's leading position in the total bare-metal stent market is derived from its strong presence in the high-value iliac and femoral-popliteal segments of the market. W. L. Gore holds a large portion of the high-value covered stent segment with its VIABAHN® portfolio. VIABAHN® devices sell at a modest premium to other covered stents on the market, such as iCast® and Fluency®.
Download a Free Research Summary of the Global Market Report for PV Stents:
iData Research is an international consulting and market research firm dedicated to the medical device, dental, and pharmaceutical industries.