Selbyville, Delaware, June 10, 2019 (GLOBE NEWSWIRE) --
Bioresorbable stent market will grow at 7.8% over the projected period. Bioresorbable stents get absorbed in the body after serving its purpose thereby lowering necessity of further surgery for stent removal in future. The above-mentioned reason will augment segmental growth over the coming years.
Stents have application in hospitals, ambulatory surgical centers and clinics. Hospitals have the highest demand for stents due to greater budget capacity and large number of cardiovascular surgeries being performed in this setting. The demand for stents from ambulatory surgical centers will grow substantially owing to overall increase in the number of ambulatory surgical centers coupled with rising preference for ambulatory surgical centers in developed as well as developing economies.
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Balloon expandable stent market will witness more than 6.5% CAGR during the forecast period. High adoption rate and better radial stiffness make balloon expandable stent suitable for most cardiovascular procedures. Furthermore, increasing number of regulatory approvals pertaining to this type of stent will enhance its market share over the coming years.
Global Stent Market revenue is poised to surpass USD 16 billion by 2025; according to a new research study published by Global Market Insights, Inc. Increasing incidence of cardiovascular disorders across the world is one of the major growth augmenting factors for stents market growth. Additionally, increasing adoption of minimally invasive techniques, unhealthy lifestyle coupled with advancement in healthcare technology will boost the growth of stents market in the forthcoming years.
Stent failure and product recall are major factors hindering adoption rate of stents in few developing and under-developed countries. Also, stringent regulatory approval procedure might hamper the market growth in certain emerging regions in foreseeable future.
Browse key industry insights spread across 300 pages with 518 market data tables & 10 figures & charts from the report, “Stent Market Size By Type (Coronary, Peripheral Vascular {Iliac, Femoral-Popliteal, Renal, Carotid}), By Technology (Bare Metal Stent, Drug Eluting Stent, Bioresorbable Stent), By Mode of Delivery (Self-Expandable, Balloon Expandable), By End-use (Hospital, Ambulatory Surgical Centre), By Material (Metal, Polymer), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Australia, Singapore, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/stent-market
Stent market was valued at around USD 10.6 billion in the year 2018. Stents were introduced with an aim to provide solution for treatment of clogged arteries. Technological advancements have augmented the importance and role of stents in any cardiovascular procedure. Presently, drug eluting stents are available in the market for achieving better results in range of cardiovascular procedures. Significant rise in geriatric population base has increased the demand for stents, thereby stimulating market growth globally.
The U.S. stent market accounted for more than 30% market share in 2018 and is estimated to follow similar trend and lead the industry at a global level over the coming years. Rising demand for minimal invasive medical devices will assist in growth of stents business. Moreover, favorable reimbursement policies offered by Center for Medicare and Medicaid (CMS) will foster regional growth in foreseeable years. High healthcare spending, increasing number of baby boomers and rising venture capital investments by manufacturing firms should drive overall stent market during the projected years.
Some of the key industry players operating in the global stent market are Medtronic, Boston Scientific, Abbott Laboratories, Terumo, C R Bard, B. Braun Melsungen AG, Biosensors International Group, Biotronik SE & Co. KG, Meril Life Sciences, MicroPort Scientific Corporation and Elixir Medical Corporation. The industry participants emphasize on acquisition and mergers, geographical expansion and novel product developments to strengthen their position in the market and gain competitive advantage over its peers.
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Coronary Stents Market Size By Product (Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Scaffold), By End-User (Hospitals, Cardiac Centers, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Competitive Market Share & Forecast, 2018 - 2024
https://www.gminsights.com/industry-analysis/coronary-stents-market
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