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Vascular Stent Market Size Growth Share Demand value Analysis Forecast Report 2019
Vascular Stent Market report is gives in-depth analysis on size, growth, share, trends, demand, value and forecast analysis of the Vascular Stent Market
Vascular Stent Market Overview:
Stents are small tubes of wire mesh placed in blood vessels, arteries or other hollow structures to open the blockage of vessels. The process of setting up the vascular stent in the body is called a vascular stent. The placement of vascular stents is considered a valuable tool for non-coronary vasculature applications. These stents are used to open narrowed vessels and reduce the risk of chest pain or heart attack. Most stents are made of metal or plastic mesh. In general, there are two types of end prostheses, namely bare metal stents, and coated stents, also known as end prostheses.
Vascular Stent Market Drivers and Restraints:
Increasing demand for minimally invasive surgeries globally will drive the market of vascular stents. Besides, the aging population will further drive the market growth of vascular stents. According to a report published by the World Health Organization (WHO), the number of people aged 65 years or older is expected to increase from 605 million to 2 billion by 2050. Thus, the increasing geriatric population will fuel the demand for vascular stents hence will drive the market growth.
Additionally, an increasing number of cardiovascular diseases drives the growth of vascular stents market. For example, According to the World Health Organization, about 17.3 million people died from cardiovascular disease (CVD) in 2008, and the number is expected to reach 23.3 million by 2030. This increase in the number of patients suffering from cardiovascular disease across the world will boost the global vascular stents market. Furthermore, advancement in technologies will drive the demand for vascular stents. For example, key players have introduced drug-eluting stents which eliminates the side-effects of traditional bare-metal stents. Moreover, other advantages like short recovery time, low risk of infection, minimized bleeding and low cost of vascular stents over conventional surgical methods will drive the market of vascular stents. However, the availability of alternative therapies such as angioplasty and others coupled with the high cost of vascular stents will restrain the market growth of vascular stents.
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Vascular Stent Market segmented as:
- Coronary Stents
- Peripheral Stents
- Carotid Artery Stents
- Renal Artery Stents
- Femoral Artery Stents
- Illiac Artery Stents
- Other Peripheral Stents
- EVAR Stents Grafts
- Abdominal Aortic Aneurysm Stents’
- Thoracic Aortic Aneurysm Stents
- Drug-Eluting Stents
- Bare Metal Stents
- Bioabsorbable Stents
- By Mode of Delivery:
- Balloon Expandable Stents
- Self-Expanding Stents
Vascular Stent Market – Geographical segmentation:
Geographically, North America dominates the world market of vascular stents due to the growing number of patients with cardiovascular disease (CVD), lack of physical activity and an unhealthy diet. Europe is considered the second largest market for vascular stents. The demand for vascular stents in Europe is mainly related to the increasing use of vascular stents for cardiovascular diseases. Besides, the growing introduction of new and profitable vascular stents by key domiciled players will stimulate the growth of the vascular stent market in Europe. Besides, the increasing preference of cardiac surgeons to use stents in place of balloon angioplasty will further boost market growth. Moreover, India, China, and Southeast Asia are the emerging markets for stents due to the proliferation of vessel-related blockages. The positive initiative of the Asian and Pacific governments for health care infrastructure could also stimulate the growth of the vascular stent market in this region.
Key Market Players:
Some of the key players contributing to the global vascular stents market comprises Cook Medical, Goodman Co. Ltd., InnoCore Technologies BV, Abbott Laboratories, Cordis Corporation, Biosensors International Ltd., MIV Therapeutics Inc., Reva Medical Inc., Boston Scientific Corporation, MicroPort Scientific Corp., Translumina GmbH, Allvivo Vascular Inc., Stentys SA, Medtronic, Inc., SurModics Inc., X-Cell Medical Inc., Xtent Inc. and others.
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