Carotid Artery Stents Market Size, Share, Industry Trends and Forecast to 2030

Carotid Artery Stents Market Size & CAGR in 2021:

The global carotid artery stents market is projected to reach a value of USD 1.5 billion by the end of 2021, with a Compound Annual Growth Rate (CAGR) of 5.8% from 2021 to 2028. The market size in 2021 is estimated to be USD 1.2 billion.

COVID-19 Impact on the Carotid Artery Stents Market:

The COVID-19 pandemic has had a significant impact on the carotid artery stents market. The restrictions imposed to curb the spread of the virus led to a slowdown in elective procedures, including carotid artery stenting. However, as healthcare systems adapted to the new normal, the market has started to recover, with increased focus on ensuring patient safety and maintaining essential healthcare services.

Carotid Artery Stents Dynamics:

The carotid artery stents market is driven by various factors, including the rising prevalence of carotid artery diseases, technological advancements in stent designs, and increasing awareness about minimally invasive treatment options. Additionally, the growing elderly population and the high success rates associated with carotid artery stenting procedures are contributing to the market growth.

Segments and Related Analysis:

The carotid artery stents market can be segmented based on product type, material, application, and end-user. The major segments include self-expanding stents, balloon-expandable stents, nitinol stents, stainless steel stents, symptomatic carotid stenosis, asymptomatic carotid stenosis, hospitals, ambulatory surgical centers, and others.

By Region Analysis:

The carotid artery stents market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently holds the largest market share due to the presence of well-established healthcare infrastructure, high healthcare expenditure, and increasing prevalence of carotid artery diseases. However, the Asia Pacific region is expected to witness the fastest growth rate during the forecast period.

Key Market Players and Competitive Landscape:

Some of the key players in the carotid artery stents market include Abbott Laboratories, Boston Scientific Corporation, Medtronic plc, Terumo Corporation, Cardinal Health, Inc., Cook Medical, Inc., B. Braun Melsungen AG, C.R. Bard, Inc., and Biotronik SE & Co. KG. These companies are focusing on strategic collaborations, acquisitions, and product launches to maintain their market position and expand their product offerings.

Recent Happenings in the Carotid Artery Stents Market:

In recent developments, several key players in the carotid artery stents market have launched innovative products, expanded their presence in emerging markets, and focused on enhancing patient outcomes through advanced stenting techniques. For example, Medtronic recently introduced a next-generation carotid stent system designed to improve procedural efficiency and patient safety. Similarly, Abbott Laboratories announced a strategic partnership to enhance its distribution network and strengthen its market position in key regions.