Global Carotid Artery Stents Market Size, Share, Trends, Industry Growth by Type (Drug Eluting Stents, Bare Metal Stents, Bioabsorbable Stents), by Material (Metals, Polymers), by Mode of Delivery, by End-Use, by Region, and Forecast to 2028

Report ID: RC155658 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 29th, 2023

The global carotid artery stents market size is anticipated to grow at a considerable CAGR of around 3% during the forecast period from 2022 to 2028. The growing prevalence rate of cardiovascular disorders around the world is a primary factor driving the market growth. Furthermore, the rising prevalence of ischemic stroke, peripheral artery disease, and the growing geriatric population around the globe is further anticipated to fuel the market over the forecast period. Moreover, technological advancement and the significant growth in the adoption of minimally invasive surgery are expected to propel the market. In addition, the technological innovation in carotid artery stents and the development of biocompatible stents are projected to uplift the market growth in the next upcoming years.

Market Drivers:

Increasing prevalence of carotid artery diseases: The rising prevalence of carotid artery diseases, such as carotid artery stenosis, atherosclerosis, and stroke, is a significant driving factor for the carotid artery stents market. These conditions often require medical intervention, including the use of stents to widen and support the carotid artery.

Growing geriatric population: The aging population is prone to developing various cardiovascular diseases, including carotid artery diseases. As the elderly population increases globally, there is a corresponding rise in the demand for carotid artery stents, as they are commonly used in the management of these conditions.

Technological advancements: Advances in medical technology, such as the development of innovative carotid artery stents with improved design, materials, and delivery systems, have significantly impacted the market. These advancements have enhanced the safety and efficacy of carotid artery stenting procedures, leading to increased adoption and market growth.

Minimally invasive procedures: Carotid artery stenting offers a less invasive alternative to carotid endarterectomy, a traditional surgical procedure for carotid artery diseases. Minimally invasive procedures are favored by patients due to reduced hospital stays, shorter recovery times, and fewer complications. This preference has driven the demand for carotid artery stents.

Increasing awareness and diagnosis: Growing awareness about carotid artery diseases, their risk factors, and available treatment options has led to early diagnosis and intervention. As a result, more patients are being identified as candidates for carotid artery stenting, thereby driving market growth.

Favorable reimbursement policies: The availability of favorable reimbursement policies and coverage for carotid artery stenting procedures in several countries has played a crucial role in market expansion. Reimbursement support encourages healthcare providers and patients to opt for carotid artery stenting, boosting market growth.

Rising healthcare expenditure: Increased healthcare expenditure globally, particularly in developing economies, has facilitated the adoption of advanced medical procedures, including carotid artery stenting. Greater affordability and accessibility to these interventions have contributed to market growth.

Market Snapshot:

Benchmark Year 2022
Market Size $ xx.x Mnlock
Market Growth (CAGR) ~ 3% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Abbott Laboratories, Inc., Balton Sp z o.o., Boston Scientific Corporation, Cordis, and InspireMD, Inc.

Market Insights:

By type, the drug eluting stents segment dominated the global carotid artery stents market in 2021

The global carotid artery stents market is bifurcated into type, material, mode of delivery, end-use, and geography. On the basis of type, the market is further segmented into drug-eluting stents, bare metal stents, and bioabsorbable stents. The drug eluting stents segment is a clear dominant of the global market in 2021 and expected to hold the largest revenue share of over 2/3 market share by 2028. In contrast, bioabsorbable stents is estimated to register the highest growth rate over the forecast period. Biodegradable stents have been developed as an alternative to permanent stents to address the issue of in-stent restenosis. The quick implementation and accessibility for all age groups of patients are some major factors expected to support the segment growth over the forecast period.

By mode of delivery, the balloon-expandable stents segment held the largest market share in 2021

On the basis of the mode of delivery, the market is segmented into balloon-expandable stents and self-expanding stents. The balloon-expandable stents segment dominated the global carotid artery stents market in 2021 and expected to hold the largest revenue share of over half of the market by the end of the analysis period. The increasing adoption of minimally invasive procedures is a primary factor to drive the segment growth. On the flip side, the self-expending stents segment is estimated to grow at a significant growth rate over the forecast period. The features associated with the product such as more flexibility, easy installation, and a smaller delivery system are expected to fuel the segment growth over the forecast period.

Carotid Artery Stents Market Growth

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The carotid artery stents comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The carotid artery stents market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Market Segmentation:

By Type:

  • Drug-Eluting Stents
  • Bare Metal Stents
  • Bioabsorbable Stents

By Material:

  • Metals
    • Stainless Steel
    • Nitinol
    • Cobalt-Chromium
    • Others
  • Polymers

By Mode of Delivery:

  • Balloon-expandable Stents
  • Self-expanding Stents

By End-Use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is expected to register the fastest CAGR over the forecast period

Geographically, North America dominated the global carotid artery stents market in 2021 and expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The rising prevalence of cardiovascular disease and the increasing demand for minimally invasive procedures are some major factors driving the market growth in the region. Furthermore, the presence of well-established healthcare infrastructure and technological advancement is further anticipated to propel market growth in North America. In contrast, the Asia Pacific is estimated to register the fastest CAGR over the forecast period.

The carotid artery stents market report comprises dedicated sections centering on the regional market revenue and trends. The carotid artery stents market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The carotid artery stents market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Carotid artery stents market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global carotid artery stents market are Abbott Laboratories, Inc., Balton Sp z o.o., Boston Scientific Corporation, Cordis, and InspireMD, Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Abbott Laboratories, Inc.
  • Balton Sp z o.o.
  • Boston Scientific Corporation
  • Cordis
  • InspireMD, Inc.
  • Medtronic
  • Terumo Europe NV
  • MicroPort Scientific Corporation
  • Silk Road Medical, Inc.
  • Johnson & Johnson
  • L. Gore and Associates

Key Questions Answered by Carotid Artery Stents Market Report

  • Global carotid artery stents market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Carotid artery stents submarket forecasts from 2022-2028 covering the market by type, material, mode of delivery, end-use, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level carotid artery stents markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Carotid Artery Stents Market Portraiture
2.2. Global Carotid Artery Stents Market, by Type, 2021 (USD Mn)
2.3. Global Carotid Artery Stents Market, by Material, 2021 (USD Mn)
2.4. Global Carotid Artery Stents Market, by Mode of Delivery, 2021 (USD Mn)
2.5. Global Carotid Artery Stents Market, by End-Use, 2021 (USD Mn)
2.6. Global Carotid Artery Stents Market, by Geography, 2021 (USD Mn)

 

3. Global Carotid Artery Stents Market Analysis


3.1. Carotid Artery Stents Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Carotid Artery Stents Market By Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Drug Eluting Stents
4.3. Bare Metal Stents
4.4. Bioabsorbable Stents

 

5. Global Carotid Artery Stents Market By Material, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Metals
5.2.1. Stainless Steel
5.2.2. Nitinol
5.2.3. Cobalt Chromium
5.2.4. Others
5.3. Polymers

 

6. Global Carotid Artery Stents Market By Mode of Delivery, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Balloon-expandable Stents
6.3. Self-expanding Stents
7. Global Carotid Artery Stents Market By End-Use, 2019 – 2028 (USD Mn)
7.1. Overview
7.2. Hospitals
7.3. Ambulatory Surgical Centers
7.4. Others

 

8. North America Carotid Artery Stents Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. North America Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
8.3. North America Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
8.4. North America Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
8.5. North America Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
8.6. North America Carotid Artery Stents Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
8.6.1.2. U.S. Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
8.6.1.3. U.S. Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
8.6.1.4. U.S. Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
8.6.2.2. Canada Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
8.6.2.3. Canada Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
8.6.2.4. Canada Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)

 

9. Europe Carotid Artery Stents Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Europe Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.3. Europe Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.4. Europe Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.5. Europe Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6. Europe Carotid Artery Stents Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.1.2. Germany Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.1.3. Germany Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.1.4. Germany Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.2.2. U.K. Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.2.3. U.K. Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.2.4. U.K. Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.3.2. France Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.3.3. France Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.3.4. France Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.4.2. Spain Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.4.3. Spain Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.4.4. Spain Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.5.2. Italy Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.5.3. Italy Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.5.4. Italy Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)

 

10. Asia Pacific Carotid Artery Stents Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Asia Pacific Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
10.3. Asia Pacific Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
10.4. Asia Pacific Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
10.5. Asia Pacific Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
10.6. Asia Pacific Carotid Artery Stents Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
10.6.1.2. China Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
10.6.1.3. China Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
10.6.1.4. China Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
10.6.2.2. Japan Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
10.6.2.3. Japan Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
10.6.2.4. Japan Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
10.6.3.2. India Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
10.6.3.3. India Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
10.6.3.4. India Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)

 

11. Latin America (LATAM) Carotid Artery Stents Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. Latin America Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
11.3. Latin America Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
11.4. Latin America Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
11.5. Latin America Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
11.6. Latin America Carotid Artery Stents Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
11.6.1.2. Brazil Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
11.6.1.3. Brazil Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
11.6.1.4. Brazil Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
11.6.2.2. Mexico Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
11.6.2.3. Mexico Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
11.6.2.4. Mexico Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)

 

12. Middle East and Africa Carotid Artery Stents Market Analysis and Forecast, 2019 – 2028 (USD Mn)


12.1. Overview
12.2. MEA Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
12.3. MEA Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
12.4. MEA Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
12.5. MEA Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
12.6. Middle East and Africa Carotid Artery Stents Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
12.6.1.2. GCC Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
12.6.1.3. GCC Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
12.6.1.4. GCC Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
12.6.2.2. South Africa Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
12.6.2.3. South Africa Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
12.6.2.4. South Africa Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Carotid Artery Stents Market by Type, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Carotid Artery Stents Market by Material, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Carotid Artery Stents Market by Mode of Delivery, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Carotid Artery Stents Market by End-Use, (2019-2028 USD Mn)

 

13. Company Profiles


13.1. Abbott Laboratories, Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Balton Sp z o.o.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Boston Scientific Corporation
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Cordis
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. InspireMD, Inc.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Medtronic
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Terumo Europe NV
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. MicroPort Scientific Corporation
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Silk Road Medical, Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Johnson & Johnson
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. W. L. Gore and Associates
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis
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