Currently, the vascular stents market witnessing a new phase of technology development with launch of fully dissolving stents. Based on product, market categorized into coronary stents, peripheral stents, and EVAR stent grafts.
The coronary stents segment dominated market in 2016 majorly due to rising incidence of coronary artery disease & technological advancements in coronary stents.
The vascular stent market projected to reach USD 17.68 billion by 2021 from USD 12.21 billion in 2016, at a CAGR of 7.7% from 2016 to 2021. Growth of this market majorly driven by factors like technological advancements in vascular stents, increasing number of angioplasty procedures, rising burden of vascular diseases, increasing demand for minimally invasive procedures, & rising geriatric population.
Complete Report on Vascular Stent Market spread across 189 Pages, Profiling 16 Companies and Supported with 138 Tables and 76 Figures is now available at http://www.reportsnreports.com/reports/985407-vascular-stent-market-by-type-bms-bvs-drug-eluting-product-coronary-peripheral-carotid-femoral-aortic-aneurysm-material-metal-stainless-steel-ptcr-nitinol-polymer-end-user-hospital-cardiology-c-st-to-2021.html .
Technological advancements in stents, increasing number of angioplasty procedures, rising burden of vascular diseases, increasing demand for minimally invasive procedures, & rising geriatric population are major factors driving growth of vascular stent market. Moreover, development of bioresorbable vascular scaffolds & expansion in emerging markets are expected to offer potential growth opportunities to market players in coming years.
- Vascular Stent Manufacturers
- Healthcare Institutions (Hospitals, Cardiac Centers, and Surgical Centers)
- Vascular Stent Distributors and Suppliers
- Contract Manufacturing Organizations (CMOs)
North America was largest vascular stents market in 2016, with U.S. accounting for a major share of this regional market. Asian market expected to grow at highest CAGR during forecast period. Factors like large population base, growing prevalence of cardiovascular diseases, rising adoption of advanced technologies, and low manufacturing costs for medical devices in emerging Asian countries are expected to drive growth of Asian market in coming years.
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The vascular stent market categorized on basis of product, type, mode of delivery, material, end user, and region. Several global and local players are operating in vascular stent market, making it highly fragmented. Various players are offering several products across different subsegments of this market.
Vascular Stent Market Drivers
1 Innovations In Stenting Technologies
2 Rising Incidence of Vascular Diseases and Subsequent Growth In the Number
3 Increasing Preference for Minimally Invasive Procedures
4 Rapid Growth In Geriatric Population
1 Availability of Alternative Treatment Methods for Vascular Diseases
2 Product Failures and Recalls
1 Development of Bioresorbable Stents
2 Emerging Markets
1 Complications Associated With Stent Implantation
2 Declining Costs of Stents
Key players are include 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), MicroPort Scientific Corporation (China), 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).
Connect for More Details for Details and More Information “Vascular Stent Market by Type (BMS, BVS, Drug Eluting), Product (Coronary, Peripheral, Carotid, Femoral, Aortic Aneurysm), Material [Metal (Stainless Steel, PtCr, Nitinol), Polymer], End User (Hospital, Cardiology Center, ASC)- Global Forecast to 2021” report @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=985407 .
The vascular stent market is estimated to register the highest growth during the forecast period. The high-growth in this regional segment can be attributed to the presence of a large population base, growing prevalence of vascular diseases, rising adoption of advanced technologies, and low manufacturing costs for medical devices in emerging Asian countries.
Vascular stent market is categorized on the basis of product, type, mode of delivery, material, end user, and region. Apart from comprehensive geographical analysis, product analysis, and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players in the last three years. In addition, the company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted.