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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Vascular Stents Market Outlook
The global vascular stents market size reached a value of almost USD 10.57 billion in the year 2023. The vascular stents industry is further expected to grow at a CAGR of 5.5% between 2024 and 2032 to reach a value of almost USD 17.10 billion by 2032.
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The global vascular stents market is driven by increasing preference for minimally invasive (MI) procedures all over the world. North America is the leading market for vascular stents in the world. This can be ascribed to rising obesity, changing food consumption patterns, and a rise in smoking and alcohol consumption across the region.
Properties and Applications
Vascular diseases are those diseases that are caused by abnormalities in blood vessels that result in blockage or damage. Some of the common vascular diseases include abdominal aortic aneurysm (AAA), peripheral arterial disease (PAD), coronary heart disease, and carotid artery disease (CAD).
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The market is divided on the basis of type into:
- Coronary Stents
- Peripheral Vascular Stents
- EVAR Stent Grafts
- Others
Currently, the coronary type represents the most extensively used product type in the market.
On the basis of material, the market is segmented into:
- Metallic
- Others
Metallic stents are further divided on the basis of type into cobalt chromium, platinum chromium, nickel titanium, and stainless steel.
On the basis of mode of delivery, the market is bifurcated into:
- Balloon-Expandable
- Self-Expanding
At present, balloon-expandable stents account for the majority of the total market share.
On the basis of end-uses, the market is divided into:
- Hospitals and Cardiac Centres Ambulatory Surgical Centres
Out of these, hospitals and cardiac centres hold the dominant market share.
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global vascular stents market is driven by the rising geriatric population across the globe. In addition to this, the rising incidences of coronary artery disease have led to the growing need for heart stent surgeries. This can be attributed to unhealthy eating habits, lack of physical activity, and the increased intake of alcohol, particularly among the young population. Moreover, the growing preference for minimally invasive (MI) procedures is also providing impetus to the market growth as they ensure a fast recovery. The vascular stents market is further supported by several factors such as minimised bleeding, low risk of infection, and low cost of the product in comparison to conventional surgical methods.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global vascular stents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Abbott Laboratories
- Boston Scientific Corporation
- Biotronik, Inc.
- MicroPort Scientific Corporation
- B. Braun Melsungen AG
- Terumo Corporation
- Meril Life Sciences Pvt. Ltd.
- Medtronic
- BD
- Biosensors International Group, Ltd.
- Lepu Medical Technology
- Koninklijke Philips N.V.
- Teleflex Incorporated.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Material |
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| Breakup by Mode of Delivery |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global vascular stents market attained a value of nearly USD 10.57 billion.
The market is projected to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 17.10 billion by 2032.
The major drivers of the industry, such as increasing demand for minimally invasive surgeries, growing geriatric population, increased prevalence of coronary artery diseases, and increasing consumption of alcohol, particularly among the young population, are expected to aid the market growth.
The key market trends guiding the growth of the vascular stents market include growing technological advancements and the low cost of the product than conventional surgical procedures.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share.
The coronary stents segment is the leading product-type of vascular stents in the industry.
The major material-types available in the industry are metallic stents and others, where the former segment includes materials like cobalt chromium, platinum chromium, nickel titanium, and stainless steel.
The balloon-expandable stents segment is the leading mode of delivery in the industry.
The hospitals and cardiac centres segment is the leading end-use segment of vascular stents.
The major players in the industry are Abbott Laboratories, Boston Scientific Corporation, Biotronik, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, and Meril Life Sciences Pvt. Ltd., among others.
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