Global Metal Stents Market, By Product Type (Coronary Stents and Peripheral Vascular Stents), Technology (Bare Metal, Drug Eluting and Bioreabsorbable), End User (Hospitals, Ambulatory Surgical Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Metal Stent Market
Data Bridge Market Research analyses that the metal stent market will exhibit a CAGR of around 7.45% for the forecast period of 2021-2028. Rising prevalence of cardiovascular disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing geriatric population base worldwide and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of metal stents market.
Stents are the medical devices that are generally used in the cardiac surgical procedures. Stents are used to provide greater visibility to the surgeons, which in turn help in performing the procedure with greater accuracy. Stents are used to open wide the clogged arteries and are also inserted in the ureter to prevent obstruction of urine flow from kidney. Stents get easily dissolved over a period of time.
Upsurge in the consumption of unhealthy food items is one of the major factors fostering the growth of the market. Growth in the consumption of tobacco and other tobacco products is another market growth determinant. Increased focus of the physicians and manufacturers on reduction of operating time by developing highly advanced and innovative products, growing number of hospital-based laboratories and rising medical tourism are other important factors that will further generate lucrative market growth opportunities.
However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies and with the surgical procedures will further pose challenges for the market. Dearth of skilled professionals in the backward economies and complications associated with high-risk patients will also hamper the market growth rate.
This metal stents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on metal stents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Metal Stent Market Scope and Market Size
The metal stents market is segmented on the basis of product type, technology and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the metal stents market is segmented into coronary stents and peripheral vascular stents.
- Based on technology, the metal stents market is segmented into bare metal stents, drug eluting stents and bioreabsorbable stents.
- Global metal stents market is segmented on the basis of end user into hospitals, ambulatory surgical centres and others.
Metal Stent Market Country Level Analysis
The metal stent market is analysed and market size insights and trends are provided by country, product type, technology and end user as referenced above.
The countries covered in the metal stents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the metal stents market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the increasing funding for research and development activities and ever-increasing instances of cardiovascular disorders. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing consumption of unhealthy food and rising personal disposable income.
The country section of the metal stents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The metal stent market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for metal stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the metal stents market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Metal Stents Market Share Analysis
The metal stents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal stents market.
The major players covered in the metal stents market report are Medtronic, Abbott., Boston Scientific Corporation or its affiliates., BIOTRONIK SE & Co KG, B. Braun Melsungen AG, Terumo Corporation, STENTYS SA, MicroPort Scientific Corporation., Meril Life Sciences Pvt. Ltd., Vascular Concept., W. L. Gore & Associates, Inc., BD., ENDOLOGIX LLC., Translumina., JOTEC GmbH, Lombard Medical, Xcell Medical Group, Cardinal Health., Cook and Drägerwerk AG & Co. KGaA among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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