Vascular stents are extensively used for artery diseases. The process being minimally invasive has gained quick mileage in the healthcare sector. Thus, a larger fraction of the patient population is expected to opt for it in the years to come. Market Research Future (MRFR) has conducted a recent study on the global Vascular Stents Market will grow at CAGR exceeding 7.5% over the forecast period 2017 to 2023.
The increasing burden of cardiovascular diseases (CVDs) is one of the major factors contributing to the expansion of the vascular stents market across the globe. It is anticipated to exhibit similar growth trend over the next couple of years. CVDs lead might slow down the flow of blood in arteries owing to the accumulation of calcium or cholesterol in them. These stents help in opening up the arteries to assure efficient blood flow system. These diseases cause thousands of deaths every year. Increasing awareness about diseases is likely to accelerate the revenue creation for the players of the vascular stents market over the next couple of years.
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The adoption of unhealthy food pattern and a sedentary lifestyle has further aggravated the burden of artery diseases over the world. Increasing intake of cholesterol and fats, in conjunction with a lack of physical activities, has led to a drastic increase in the obese population. This, in turn, is expected to boost the revenue growth of the vascular stents market over the next few years. Other factors such as increasing angioplasty surgeries, developments in the healthcare technology, expansion of healthcare sector, etc. are poised to act as growth catalysts for the proliferation of the vascular stents market in the upcoming years.
Vascular Stents Market Segmentation:
Based on material, the global market of vascular stents has been segmented into metal, standard polymer, and biodegradable polymer.
On the basis of application, the vascular stents market has been segmented into coronary artery, peripheral artery, and others.
On the basis of type, the global market of vascular stents has been segmented into balloon expanding stent, renal artery stents, self-expanding stent, drug eluting stent and other.
Based on end user, the vascular stents market has been segmented into hospital, clinics, ambulatory centers.
Vascular Stents Market Dynamics
• Challenges
• Emerging Trends
• SWOT Analysis
• Restraints
• Macroeconomic Indicators
• Drivers
Vascular Stents Market Regional Analysis:
The global market of vascular stents, on the basis of region, has been segmented into four key regions – North America, the Middle East and Africa (MEA), Europe, and Asia Pacific. North America presently holds the dominant share of the global market. The regional segment is expected to maintain its leading position over the next couple of years. Increasing prevalence of cardiovascular diseases is the primary factor anticipated to catalyze expansion of the regional market. In addition, the rising obese population is expected to support the growth pattern of the vascular stents market in the region in the foreseeable future. Other factors projected to support market growth are rising healthcare expenditures, the sophistication of healthcare technology, etc.
Europe is also poised to demonstrate a healthy growth rate across the forecast period. The region is likely to witness a rising burden of cardiovascular diseases. This, in turn, is expected to favor market expansion. Asia Pacific is projected to expand at the highest CAGR over the review period owing to the rising patient population.
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Competitive Dashboard:
The key players in the global vascular stents market profiled in this report for a detailed share analysis are
• Abbott Laboratories (US)
• Boston Scientific Corporation (US)
• Medtronic, Plc (UK)
• Biotronik SE & Co. Kg (Germany)
• Cook Medical (US)
• Braun Melsungen AG (Germany)
• Lombard Medical Technologies (UK)
• Cordis (US)
• Translumina GmbH (Germany)
• Terumo Corporation (Japan)
• MicroPort Scientific Corporation (China)
• Vascular Concepts (India)
• Meril Life Sciences Pvt. Ltd. (India)
• Gore & Associates (US).
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