Vascular Stent Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Vascular Stent Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Global Vascular Stent Market: Snapshot

The global market for vascular stents has been growing at a robust rate on account of the rising incidence of cardiovascular diseases across the globe. The healthcare industry has been witnessing an overbearing amount of patients who have suffered heart strokes or cardiac arrests. This has paved way for increased demand within the global market for vascular stents. These stents can be useful during angioplasty and work on the coronary arteries. The blockages in the arteries can hamper the blood circulation in the body, and may even lead to sudden death. Due to this reason, it is important effectuate immediate treatment of patients suffering from any form of disorder related to the arteries or the heart.

The changing lifestyles of the people and the growing inclination of the masses towards oily or junk food have given rise to several cardiovascular diseases. This has directly contributed to the growth of the global market for vascular stents and has generated growth spaces for market players. Furthermore, the willingness of the healthcare sector to adopt new kinds of stents including drug-eluting stents, bare-metal stents, and bio-absorbable stents has also created tremendous demand within the global market.

The field of cardiology has been witnessing several advancements in recent times, thus, giving an impetus to the growth of the global market for vascular stents. The market for vascular stents has done extremely well across North America on account of the immaculate healthcare industry in the region. Besides this, the high population and unhealthy food habits in India has resulted in an increased incidence of cardiovascular diseases across Asia Pacific.

Global Vascular Stent Market: Overview 

As the incidence of peripheral artery disease grows, the global demand for vascular stents is expected to swell as well. Vascular stents are medical devices that are usually placed as part of peripheral artery angioplasty. In simple terms, a stent is a plastic or metal tube that is inserted into an anatomic vessel so as to keep the passageway from closing. Iliac, carotid, and femoral arteries are some common sites which are treated with vascular stents.

Global Vascular Stent Market: Key Trends

The growing prevalence of peripheral vascular disease (PVD), which is alternatively known as peripheral artery disease (PAD), is one of the primary growth drivers of the global vascular stents market. According to the U.S. Centers for Disease Control and Prevention (CDC), nearly 8 million in the U.S. alone suffer from peripheral artery disease. Of these, 12 to 20% of the patients are above the age of 60, finds the study. Thus, it has been understood that the geriatric population is at a higher risk of suffering from peripheral artery disease. Since the aging population has been escalating at a rapid pace, the global vascular stent market will witness greater growth.

On the downside, the exorbitant costs of these devices might hinder the growth of the global vascular stent market. However, as a number of market vendors have been developing highly efficient and accurate imaging techniques, the market for vascular stents is likely to receive a boost.

Global Vascular Stent Market: Market Potential

A number of market players are concentrating on the introduction of innovative products, enhancing the ease of use for healthcare providers as well as patients. The researchers at the Technische Universiteit, Eindhoven (Eindhoven University of Technology) have acknowledged the special challenge presented by pediatric patients. The creation of customized stents is not a novel phenomenon. The researchers have produced a relatively better vascular stent, according to an announcement made in May 2017.

The new stent can expand as the child grows, biodegrading with time, as against conventional stents that children outgrow. The traditionally used metal stents can also lead to complications including hyperplasia. In order to design this 3D printable, self-expanding stent, a computational model of a nickel titanium stent was built by the researchers.

Several other products are receiving regulatory approvals. For instance, in the same month, Alucent Medical, Inc. announced that it received the approval of the U.S. Food and Drug Administration (FDA) to commence Phase I human clinical studies of its new drug/device combination therapy for treating peripheral vascular disease.

Global Vascular Stent Market: Regional Outlook

The global vascular stent market can be segmented into Europe, Latin America, North America, the Middle East and Africa, and Asia Pacific. North America has currently been leading the global vascular stent market, with the U.S. as the chief contributor. The growing patient base and rising concentration of geriatric populace have been driving the growth of this region.

Asia Pacific, driven by augmenting acceptance of cutting-edge technologies, is slated to display fastest rate of growth over the forthcoming period. The low costs of manufacturing, presence of a large number of market participants, and growing incidence of cardiovascular diseases have been assisting the growth of the global vascular stent market.

Global Vascular Stent Market: Competitive Analysis

MicroPort Scientific Corporation, Vascular Concepts, Medtronic, plc, B. Braun Melsungen AG, STENTYS SA, Lombard Medical Technologies, Abbott Laboratories, BIOTRONIK SE & Co. KG, Meril Life Sciences Pvt. Ltd., W. L. Gore and Associates, Boston Scientific Corporation, and Endologix, Inc. are some key vendors operating in the global vascular stent market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?