Vascular Stent Market size and Competetive Dynamics, 2018-2023

Market Overview:

In the year 2018 Global Vascular Stent Market was valued at USD 14.98 billion. By the year 2023, it is predicted to reach USD 22.11 billion with pace of 8.1% CAGR.

Vascular stent is a small wire net tube which is implanted into arteries, blood vessels or other hollow structure to open the blockage of vessels. The method for placement of vascular stent into body is called as vascular stenting. These stents are mainly used to open narrowed vessels and reduce the chance of a heart attack or chest pain in the human body.        

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Factors affecting market growth:

Growing geriatric population across the world. (+)
Rising prevalence of chronic diseases and other diseases. (+)
Increasing healthcare expenditure globally. (+)
Increasing demand for adoption of minimally invasive surgeries worldwide. (+)
Technological advancement in vascular stents like drug eluting and drug coated stents. (+)
High cost involved in the vascular stents treatment. (-)
Availability of alternative therapies like angioplasty and others therapies. (-)


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Market Segmentation

The Global Vascular Stent Market is segmented on the basis of

Product

Coronary Stents
Peripheral Stents
(Carotid Artery Stents, Renal Artery Stents, Femoral Artery Stents, Illiac Artery Stents, and Other Peripheral Stents)

EVAR Stent Grafts
(Abdominal Aortic Aneurysm Stents, Thoracic Aortic Aneurysm Stents)

Type

Drug-Eluting Stents
Bare Metal Stents
Bioabsorbable Stents
Mode of Delivery
Balloon Expandable Stents
Self-Expanding Stents
Material
Metallic Stents
(Cobalt Chromium, Platinum Chromium, Nickel Titanium, Stainless Steel)

Polymer Stents
End User

Hospitals and Surgical Centers
Research Institutes.
Based on End user segment Hospitals holds the largest market share in the Global Vascular Stent Market due to improving facilities in healthcare infrastructures, and implementation of advanced technology which is projected to grow at high CAGR during the forecast period.

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Key players:

Leading companies for Global Vascular Stent Market are Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), W. L. Gore and Associates (U.S.), C. R. Bard (U.S.), Endologix, Inc. (U.S.), Lombard Medical Technologies (U.K.), Translumina GmbH (Germany), JOTEC GmbH (Germany), Medtronic, plc (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), STENTYS SA (France), and MicroPort Scientific Corporation (China).