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Global Stents Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Stents Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 11656.72 Million
Diagram Market Size (Forecast Year) USD 18627.74 Million
Diagram CAGR %

Global Stents Market, By Product (Coronary Stents, Peripheral Stents, Neurovascular stents, Stent-Related), Type (Self-Expandable Stents, Balloon-Expandable Stents), Material (Metallic, Polymer, Natural), End User (Hospitals, Ambulatory Surgical Centers, Others) – Industry Trends and Forecast to 2029.

Global Stents Market Analysis and Size

Stents are considered the largest stents that are widely utilized in the removal of blockage from larger arteries. These stents prevent aneurysms from rupturing brain, aorta, or other blood vessels. The upgradation of technology is escalating the growth of stents market.

  • Global Stents Market was valued at USD 11656.72 million in 2021 and is expected to reach USD 18627.74 million by 2029, registering a CAGR of 5.73% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Stents Market Definition

A stent refers to as a medical device that is inserted into blocked passageway for keeping it open. This medical device is designed as a tiny tube that assists in restoring the flow of blood and other fluids to various organ of body, and are made of either plastic or metal.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Coronary Stents, Peripheral Stents, Neurovascular stents, Stent-Related), Type (Self-Expandable Stents, Balloon-Expandable Stents), Material (Metallic, Polymer, Natural), End User (Hospitals, Ambulatory Surgical Centers, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Boston Scientific Corporation (US), BD (US), Medtronic (Ireland), Abbott (US), Cook (US), Merit Medical Systems (US), Novatech SA (France), Terumo Corporation (Japan), MicroPort Scientific Corporation (China), Fuji Systems Corp. (Tokyo), MICRO-TECH EUROPE (Germany), Vascular Concepts (India), Olympus (Japan), W. L. Gore & Associates Inc. (US), B. Braun Melsungen AG (Germany), Meditek Systems Pvt. Ltd. (India), Biotronik SE & Co. KG (Germany), Teleflex Incorporated (US), and Thoracent, Inc. (US), among others

Market Opportunities

  • Increase in the prevalence of coronary artery disease
  • Surge in funding
  • Advancements in medical devices

Stents Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Prevalence of Coronary Artery Disease

The increase in the prevalence of coronary artery disease acts as one of the major factors driving the growth of stents market.

  • Preference for Minimally Invasive Surgery

The increase in the preference for minimally invasive surgery owing to the advantages, such as quick recovery and less pain accelerate the market growth.

  • Increase in Funds

The surge in funding from private and government organizations for development of healthcare sector and research centers further influence the market.

Opportunities

Furthermore, advancements in medical devices extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, bioresorbable vascular scaffolds will further expand the market.

Restraints/Challenges Global Stents Market

On the other hand, stringent regulations for product approval and product failure and product recalls are expected to obstruct market growth. Also, complications associated with implantation of stents and declining costs of stents are projected to challenge the stents market in the forecast period of 2022-2029.

This stents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on stents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 Impact on Stents Market

COVID-19 had a negative impact on the stents market owing to the decline in elective surgeries. Hospital access was restricted to non-essential care, and O&P clinics were temporarily closed during the pandemic. The implementation of social distancing, lockdown of the population and limited access to clinics greatly affected the market. The slow-down in patient flow and referrals, and decline in trauma and workplace injuries also impacted the market growth. However, market will resume its growth in the post-pandemic due to the easing in restrictions that were imposed earlier.

Recent Development

  • Terumo announced the launch of a new radial to periphery self-expanding stent in September ’2019. This stent is specifically designed for above-the-knee PAD interventions. It incorporates Rapid Exchange (RX) technology.

Global Stents Market Scope and Market Size

The stents market is segmented on the basis of product, type, material and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Coronary Stents
  • Peripheral Stents
  • Neurovascular Stents
  • Stent-Related

On the basis of product, the stents market is segmented into coronary stents, peripheral stents, neurovascular stents and stent-related. Coronary stents have further been segmented into bare metal stents, drug eluting stents and bioresorbable stents. Peripheral stents have further been segmented into iliac stents, femoral-popliteal stents, renal stents and carotid stents. Stent-related have further been segmented into synthetic grafts and vena cava filters.

Type

  • Self-Expandable Stents
  • Balloon-Expandable Stents

Based on type, the stents market is segmented into self-expandable stents and balloon-expandable stents.

Material

  • Metallic
  • Polymer
  • Natural

The material segment of the stents market is segmented into metallic, polymer and natural.

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

On the basis of end user, the stents market is segmented into hospitals, ambulatory surgical centers and others.

Stents Market Regional Analysis/Insights

The stents market is analysed and market size insights and trends are provided by country, product, type, material and end user as referenced above.

The countries covered in the stents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the stents market because of the adoption of sedentary lifestyle resulting in obesity and other cardiovascular diseases within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing healthcare awareness in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The stents market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the stents market. The data is available for historic period 2010-2020.

Competitive Landscape and Stents Market Share Analysis

The stents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to stents market.

Some of the major players operating in the stents market are:

  • Boston Scientific Corporation (US)
  • BD (US)
  • Medtronic (Ireland)
  • Abbott (US)
  • Cook (US)
  • Merit Medical Systems (US)
  • Novatech SA (France)
  • Terumo Corporation (Japan)
  • MicroPort Scientific Corporation (China)
  • Fuji Systems Corp. (Tokyo)
  • MICRO-TECH EUROPE (Germany)
  • Vascular Concepts (India)
  • Olympus (Japan)
  • W. L. Gore & Associates Inc. (US)
  • B. Braun Melsungen AG (Germany)
  • Meditek Systems Pvt. Ltd. (India)
  • Biotronik SE & Co. KG (Germany)
  • Teleflex Incorporated (US)
  • Thoracent, Inc. (US)

Research Methodology : Global Stents Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-stents-market


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Stents Market is expected USD 18627.74 million by 2029.
The Stents Market is expected to witness CAGR of 5.73% during the forecast period of 2022 to 2029.
The Major Players Operating in the Stents Market are Boston Scientific Corporation (US), BD (US), Medtronic (Ireland), Abbott (US), Cook (US), Merit Medical Systems (US), Novatech SA (France), Terumo Corporation (Japan), among others.
The Countries Covered in the Stents Market Report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The Stents Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.
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