Press release
Stents Market 2022: Global Analysis, Opportunities and Forecast To 2027
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A stent is a small tube, made either out of plastic or metal. that is placed into a clamped coronary artery to keep it open. It is used in a procedure called angioplasty, which is performed to open blocked arteries and restore blood flow. A stent is placed into the affected artery immediately following an angioplasty so that it remains open. The tube is coated with medication for it to last a long period of time and prevent the blocked artery from closing up again.
Some of the Main Key Players Covered in the Stents Market Report
BIOTR
Medtronic
BD
Boston Scientific Corporation
Cardinal Health
Elixir Medical Corporation
Terumo Corporation
Biosensors International Group
Meril Life Sciences Pvt. Ltd.
Faster Recovery Rates to Boost the Market
Stent treatments for coronary heart diseases have been proven to have faster rate of recovery than conventional coronary bypass procedures. This bodes well for the global stents market as it will boost the adoption rate of stents. Moreover, stent treatments are much less invasive than bypass surgeries, which can help in making patients switch to such procedures more readily. In addition to this, there is a rising prevalence of coronary heart diseases. For example, recent numbers revealed by the Centre for Disease Control and Prevention show that 735,000 Americans are diagnosed with heart disease. This is expected to expand the global stents market size substantially in the forecast period.
Key Segmentation of Stents Market:
By Type
Coronary Stent
Vascular Stents
Ureteral Stent
Esophageal Stent
Biliary Stents
By Product
Dual Therapy Stents (DTS)
Bioresorbable Vascular Scaffolds (BVS)
Bio-engineered Stents
Drug-Eluting Stents (DES)
Bare Metal Stents (BMS)
By Material
Non-degradable
Degradable
Magnesium
Poly-l-lactide acid (PLLA)
Polycaprolactone (PCL)
By Design
Coil
Helical spiral
Woven
Individual rings
Sequential rings
By End User
Hospitals
Specialty Clinics
Ambulatory Surgery Centers
Others
By Geography
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Multiple Benefits to Encourage Adoption
The global stents market is expected to surge as rising awareness about the numerous benefits of stenting will boost adoption rates. For example, stenting can reduce conditions associated with heart diseases such chest pain and fatigue. Furthermore, stenting even improves the functioning of kidneys. Thus, the procedure has been known to significantly improve lives of patients, which augurs well for the global stents market.
High Cost of Stents May Hinder Market Growth
According to a 2018 study published in Health Affairs, coronary stents cost 6 times more in the US than in Europe. Thus, high cost of treatment is expected to have a negative impact on the global stents market as a large section of population may not be able to afford the treatment.
Moreover, there are a few risks involved in stenting. For example, after the procedure is completed and the stent has been placed, scar tissue may form within the stent which would require another surgery. A person may also have an allergic reaction to the stent, which can again require medical attention. These factors may hamper the growth of the global stents market.
North America to Occupy a Leading Market Position
Among the regions, North America is expected to hold a dominant position and share in the global stents market during the forecast period. This owing to the increasing number of heart disease patients and presence of important market players that are investing in research and developing innovative products. Asia-Pacific is also expected to contribute significantly to the global stents market expansion on account of growing incidence of heart diseases and development of affordable stent treatments, especially in India.
Increasing Research and Innovation to Drive Competition
Competition in the global stents market is expected to intensify as market players look to gain a competitive edge through increased investment in research and launching of innovative products. For example, in 2017, the US-based Elixir Medical Corporation released Desolve Absorbable Stent, along with Dynamix metallic drug-eluting stent, to further its innovations in adaptive remodeling.
Some of the key players in the global stents market, as identified by Fortune Business Insights, include Boston Scientific Corporation, Terumo Corporation, Cardinal Health, Abbott, BD, Biosensors International Group, and a few others.
Major Table of Content For Stents Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Market Analysis, Insights and Forecast 2026
North America Stents industry, Analysis, Insights, and Forecast 2026
Europe Stents industry, Analysis, Insights, and Forecast 2026
Asia Pacific industry Market Analysis, Insights, and Forecast 2026
The Middle East and Africa Global Market Analysis, Insights and Forecast 2026
Latin America Global Market Analysis, Insights and Forecast 2026
Competitive Landscape
Company Profile
Conclusion
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