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Vascular Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Vascular Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • June 2019
  • 104 pages
  • ID: 5783194
  • Format: PDF
  • By International Market Analysis Research and Consult

Summary

Table of Contents

The global vascular stents market was worth US$ 8.7 Billion in 2018. A vascular stent is a small wire mesh tube that aids in clearing as well as preventing blockages in blood vessels and arteries. Vascular stenting is also used for the opening of narrowed vessels which helps in significantly reducing the chances of heart attack or chest pain. Vascular stents help in maintaining the patency of stenotic vessels and prevent reblockage as a result of blood accumulation or excessive tissue growth. It also plays a major role in treating patients with cardiovascular diseases such as coronary heart and peripheral vascular diseases which occur as a result of hypertension caused by excessive smoking and high alcohol consumption, unhealthy dietary habits, and low physical inactivity.

Rising geriatric population represents one of the key factors propelling the market growth worldwide. From around 991 Million adults above the age of 60 years in 2018, we expect the total global population of adults above 60 years of age to reach 1.18 Billion by 2024. Furthermore, there has been a rise in the incidence rate of heart-related diseases such as cardiovascular diseases (CVDs), coronary artery disease (CAD), stroke and peripheral artery disease (PAD) which have led to the growing need for heart stent surgeries. This can be attributed to lifestyle choices such as smoking and high alcohol consumption coupled with lack of physical inactivity and unhealthy dietary habits. Increasing inclination toward minimally invasive (MI) procedures is also driving the market growth as the MI vascular stenting procedure ensures shorter hospital stay, quick recovery and greater comfort. The growing adoption of vascular stents in angioplasty and open-heart surgeries along with the introduction of modern surgical procedures and equipment such as drug-eluting stents and bio-absorbable stents has also contributed in driving the market. Looking forward, the analyst expects the market to reach US$ 11.9 Billion by 2024, exhibiting a CAGR of around 5% during 2019-2024.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Product Type:
Coronary Stents
Peripheral Vascular Stents
Evar Stent Grafts

Market Breakup by Material:
Metallic Stents
Cobalt Chromium
Platinum Chromium
Nickel Titanium
Stainless Steel
Others

Market Breakup by Mode of Delivery:
Balloon-Expandable Stents
Self-Expanding Stents

Market Breakup by End-User:
Hospitals and Cardiac Centers
Ambulatory Surgical Centers

Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Medtronic Plc, Abbott Laboratories, Boston Scientific Corporation, Biotronik Se & Co. Kg, Braun Melsungen Ag, Terumo Corporation, Microport Scientific Corporation, Meril Life Sciences Pvt. Ltd., Vascular Concepts Limited, C.R. Bard, Inc., W.L. Gore and Associates, Inc., Endologix, Inc., Lombard Medical, Translumina Gmbh, Jotec Gmbh, etc.

Key Questions Answered in This Report:
How has the global vascular stents market performed so far and how will it perform in the coming years?
What are the key regional markets in the global vascular stents industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material?
What is the breakup of the market based on the mode of delivery?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global vascular stents industry?
What are the key driving factors and challenges in the global vascular stents industry?
What is the structure of the global vascular stents industry and who are the key players?
What is the degree of competition in the global vascular stents industry?
What are the profit margins in the global vascular stents industry?

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