Vascular Stents Market - Global Industry Size, Share, Growth, Forecasts 2015 - 2023
Latest
industry research report on: Global Vascular Stents Market : Industry
Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Vascular
stents
are tiny wire mesh tubes placed into blood vessels, arteries or other
hollow structures to open the blockage of vessels. The process for
placement of vascular stent into body is known as vascular stenting.
Vascular stenting is considered as a valuable tool for applications
of non-coronary vasculature. These stents are used to open narrowed
vessels and reduce the chances of chest pain or heart attack. Most of
the stents are made up of metal or plastic mesh like materials. There
are commonly two types of stents namely bare metal stents and covered
stents, also called as stent grafts.
Increasing demand for minimally
invasive surgeries globally will drive the market of vascular stents.
In addition, aging population will further drive the market growth of
vascular stents. According to a report published by 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,
increasing geriatric population will fuel the demand of vascular
stents hence will drive the market growth. Additionally, increasing
number of cardiovascular diseases drives the growth of vascular
stents market. For example, According to 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 number of patients suffering from cardiovascular disease
across the world will boost the global vascular stents market.
Furthermore, advancement in technologies will drive the market of
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, availability of alternative therapies such
as angioplasty and others coupled with high cost of vascular stents
will restrain the market growth of vascular stents.
The
market of vascular stents can be segmented as:
By
Material
Metal
stents
Standard
polymeric stents
Biodegradable
polymeric stents
Geographically,
North America dominates the global vascular stents market due to
increasing number of patients suffering from cardiovascular diseases
(CVD), lack of physical activity and unhealthy diet. Europe is
considered as the second largest market of vascular stents. The
market of vascular stents in Europe is majorly driven by increasing
use of vascular stents for cardiovascular diseases. In addition,
increasing introduction of new and cost-effective vascular stents by
domiciled key players will stimulate the market growth of vascular
stents in Europe. Additionally, increasing preference of cardiac
surgeons to use vascular stents in place of balloon angioplasty will
further boost the market growth to some extent. In addition, India,
China and South-East Asia are the emerging markets for vascular
stents because of rising incidences of vessel related blockages. The
positive initiative by government in Asia-Pacific regions toward
healthcare infrastructure may also boost the growth of vascular
stents market in this region.
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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.
This research report analyzes
this market on the basis of its market segments, major geographies,
and current market trends. This report provides comprehensive
analysis of
Market growth drivers
Factors limiting market
growth
Current market trends
Market structure
Market projections for
upcoming years
This report is a complete study
of current trends in the market, industry growth drivers, and
restraints. It provides market projections for the coming years. It
includes analysis of recent developments in technology, Porter’s
five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with
detailed value chain analysis.
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