Global Stents Market to Grow at a CAGR of 5.6% During 2024-2032, Aided by Growing Cardiovascular Diseases and Increasing Health Expenditure

A stent is a small, expandable tube made of metal or plastic, used to keep blocked arteries open, especially those supplying the heart with blood. Stents are inserted during an angioplasty to treat narrow or weakened arteries, helping to relieve blockages. The growing number of cardiovascular diseases (CVDs), driven by factors like smoking, alcohol use, sedentary lifestyles, and obesity, is a major driver for the stents market.

The demand for stents is rising due to a focus on patient-centric designs that enhance comfort, reduce complications, and improve long-term outcomes. This approach aligns with the trend toward personalized and effective medical treatments.

CVDs (cardiovascular diseases) are a leading cause of death worldwide, particularly in low- and middle-income countries. According to the World Health Organization, CVDs are the leading cause of death worldwide, responsible for 17.9 million deaths in 2019, or 32% of all global deaths. Most CVD deaths (85%) result from heart attacks and strokes, and over 75% occur in low- and middle-income countries. Among the 17 million premature deaths from noncommunicable diseases in 2019, 38% were due to CVDs.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

According to the WHO Global Health Expenditure database, global health spending increased steadily from 9.68% in 2018 to 9.81% in 2019. In 2020, there was a significant rise to 10.87%, likely due to the increased healthcare demands and spending associated with the COVID-19 pandemic. By 2021, the expenditure slightly decreased to 10.35% but remained higher than pre-pandemic levels. This trend indicates rise in global health spending, reflecting ongoing healthcare needs and adjustments post-pandemic.

The market is also growing due to new product launches. Companies are developing advanced stents that offer better performance and improved patient outcomes. For example, in May 2024, Abbott launched the XIENCE Sierra™ Everolimus Eluting Coronary Stent System in India, offering advanced design and precision for treating complex coronary artery blockages. This next-generation stent enhances deliverability, flexibility, and safety, allowing cardiologists to effectively manage challenging cases and improve patient outcomes amidst rising coronary artery disease rates in India.

Market Breakup by Product Type, Type, Material, End User, and Region:

• Based on product type, the market is divided into coronary stents, peripheral stents, neurovascular stents, and stent-related implants.

• The market by type is segmented into self-expandable stents, and balloon-expandable stents.

• Based on material, the market is divided into metallic stents, polymer stents, bioresorbable stents, and others 

• The market by end-user is segmented into hospitals, ambulatory surgical centres, and others. 

• Region-wise, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Cardiovascular diseases are the leading cause of death globally, with a high prevalence in low- and middle-income countries. The growing number of CVDs, driven by lifestyle factors such as smoking, alcohol use, sedentary behavior, and obesity, is a major driver of the stents market.

• Global health spending has increased significantly, highlighting ongoing healthcare needs in the post-pandemic world. This increase in expenditure reflects a higher focus on addressing health challenges and diseases, including cardiovascular conditions.

• With the increasing focus on patient care, the demand for stents is increasing as they enhance comfort, reduce complications, and improve long-term outcomes. 

Key Offerings of the Report:

• The EMR report gives an overview of the global stents market for the periods (2017-2023) and (2024-2032).

• The report also offers historical (2017-2023) and forecast (2024-2032) market information for the product type, type, material, end user, and major regions of the market.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global stents market are Boston Scientific Corporation, BD, Medtronic, Abbott, Cook Medical, Merit Medical Systems, Novatech SA, Terumo Corporation, MicroPort Scientific Corporation, Fuji Systems Corp., MICRO-TECH EUROPE, Vascular Concepts, Olympus Corporation, W. L. Gore & Associates Inc., and B. Braun Melsungen AG, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790