Global Vascular Stent Market, By Type (Drug-Eluting Stents, Bare-Metal Stents and Bio absorbable Stents), Product (Coronary Stents, Peripheral Stents and Evar Stent Grafts), Mode of Delivery (Balloon-Expandable Stents and Self-Expanding Stents), Materials (Metallic Stents and Other Stents), End User (Hospitals and Cardiac Centres, 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
The increasing awareness about the benefits of stents and improving technology involved in the same is creating lucrative growth opportunities for the vascular stent market. Data Bridge Market Research analyses that the vascular stent market will exhibit a CAGR of around 7.31% for the forecast period of 2021-2028.
Vascular stents are the expandable mesh tubes made of medical grade stainless steel or cobalt alloy metal that are inserted into the blocked arteries and veins to regulate the flow of blood. These are especially used in the reduction of recurrent arteries and veins blockage and narrowing after angioplasty. The stents when planted in an artery or a vein remain there forever as reduces the risk of narrowing coming back to a great extent.
Rising geriatric population around the globe coupled with the increase in demand for non-invasive surgical procedures are widening the scope of growth for the vascular stent market. Bad lifestyle choices such as smoking, drinking alcohol and unhealthy food habits lead to the clogging or blockage of the blood vessels. This in turn will increase the demand for vascular stents in the long run. Low rate of risks involved coupled with low cost of manufacturing are some other factors fuelling the growth of this market.
However, stringent regulations imposed by the government to ensure the safety of the patients will act as a major market growth restraint. Also, high cost involved in undergoing the procedure will further slowdown the market growth rate.
This vascular stent 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 vascular stent 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 Vascular Stent Market Scope and Market Size
The vascular stent market is segmented on the basis of type, product, mode of delivery, materials 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.
- On the basis of type, the global vascular stent market is segmented into drug-eluting stents, bare-metal stents and bio absorbable stents.
- On the basis of product, the vascular stent market is segmented into coronary stents, peripheral stents and evar stent grafts. Peripheral stents are further bifurcated into carotid artery stents, renal artery stents, femoral artery stents, and iliac artery stents. Evar stent grafts are also further sub-segmented into abdominal aortic aneurysm stents and thoracic aortic aneurysm stents.
- The vascular stent market can also be segmented on the basis of mode of delivery into balloon-expandable stents and self-expanding stents.
- The vascular stent market is segmented on the basis of materials into metallic stents and other stents. Metallic stents are further bifurcated into cobalt chromium, platinum chromium, nickel titanium and stainless steel.
- On the basis of end users, the vascular stent market is segmented into hospitals and cardiac centres, ambulatory surgical centres and others.
Vascular Stent Market Country Level Analysis
The vascular stent market is analysed and market size insights and trends are provided by country, type, product, mode of delivery, materials and end user as referenced above.
The countries covered in the vascular stent 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 has been dominating the market and will continue to flourish during the forecast period owing to the rapid increase in the adoption of minimal or non-invasive surgical procedures. Also, high rate of technological advancements is fuelling up the market share of this region in the global vascular stent market. Asia-Pacific on the other hand will project the highest growth rae during the forecast period. Rising geriatric population in need of medical assistance is the major growth driving factor in this region.
The country section of the vascular stent 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.
Competitive Landscape and Vascular Stent Market Share Analysis
The vascular stent 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 vascular stent market.
The major players covered in the vascular stent 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 Sahajanand Laser Technology Limited (SLTL Group). 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.
Customization Available : Global Vascular Stent Market
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