Vascular Stent Market:
WiseGuyReports.com adds “Global Vascular Stent Market: Analysis By Type, Technology, Mode of Delivery, End User, Opportunities and Forecast (2014-2024)” report to its database.
Executive Summary
Vascular Stent market was valued at USD 7344.40 for the year 2018.
A Vascular Stent is a medical device that aids support to hollow, tubular structures that are kept in one position. It is a small wire mesh tube that is made up of medical-grade stainless steel or cobalt metal that keeps the artery open. They come in varied sizes and shapes to match the diseased artery. Vascular Stent helps in the reduction of recurrent blockages or narrowing. The balloon-expandable stent widens the blocked arteries. The balloon helps to open the artery by sticking to its inner wall.
Vascular Stent may be placed in the blocked area. The balloon expands and keeps the artery open. Later on the wire and the balloon are removed. Peripheral stents are generally implanted in conjunction with balloon angioplasty. As the coronary arteries supply oxygen-rich blood to the heart muscles so when plaque builds up, the blood flow gets disrupted and may damage the heart muscles. So, a coronary stent is used for the treatment of narrowed or blocked arteries. The coronary stent expands the metal mesh coils. The device supports the artery walls and keeps the artery open and improves blood flow.
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The use of Vascular Stent improves the life of the patient and is in huge demand due to the increasing number of heart diseases. It improves the blood flow and puts a positive impact on the quality of life. The factors that drive the global market of Vascular Stent is that it takes less time to heal and is less invasive. The procedure of implanting Vascular Stent does not require a hospital stay and saves a lot of time and money. The huge benefits of the Vascular Stent are driving the market further.
Segmentation:
By type, the global Vascular Stent market is segmented into – Coronary and Peripheral. By technology, the global Vascular Stent market is segmented into – Bare Metal, Drug-Eluting, and Bio-resorbable. By mode of delivery the global Vascular Stent market can be segmented into – Self-expandable and Balloon-expandable. A self-expandable metallic stent is used to hold open the passage for digestion. The balloon-expandable stent system treats restenosis in the iliac artery after angioplasty. It opens the clogged arteries and restores blood flow. The global Vascular Stent market by application, can be segmented into – Hospital and Ambulatory Surgical Centre.
Regional Analysis:
Under regions, the Vascular Stent market of North America and Europe will exhibit exponential growth due to the increasing health issues and with government initiation. North America will lead the market due to the growing usage of Vascular Stent. South America market will be doing excellently well in the global Vascular Stent Market. The global Vascular Stent market will show substantial growth in the Middle East and Africa (MEA), by bringing innovative and technical developments in the health sector. In the time ahead, Asia-Pacific (APAC) will drive the Vascular Stent market owing to the increasing demand and continuous developments in the health sector.
Company Analysis – Abbott Laboratories, Boston Scientific Corporation, Cardinal Health, Medtronic, Terumo Corporation, B. Braun Melsungen, W.L. Gore & Associates, Cook Medical, Biotronik, Meril LifeSciences.
Industry News:
April 09, 2019. The government initiative to regulate the price of a stent to stabilize the market has disrupted the market scenario. The move was taken to ensure that patients get the stents at affordable prices. But this did not go well with the multinational companies that sold stents at a very high range. Indian stent makers are taking this opportunity to grow their market share.
Continuous…
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