Dublin, Nov. 15, 2023 (GLOBE NEWSWIRE) -- The "Global Stent Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The report highlights a robust growth trajectory for the stent market. Estimated at USD 10.06 billion in 2022, the market is expected to surge to USD 14.77 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.46%.
Stents, small mesh-like tubes, are essential in maintaining the patency of narrowed or weakened bodily passages, especially in coronary arteries. These devices are pivotal in treating conditions where plaque accumulation restricts blood flow, leading to coronary heart disease.
Key Market Drivers:
- Rising Chronic Diseases: The increasing prevalence of chronic conditions like coronary and peripheral artery disease fuels the demand for stents. Factors such as aging populations and lifestyle-related diseases like diabetes and obesity further elevate this need.
- Technological Advancements: Continuous innovations in stent design and functionality, including drug-eluting properties, are significant market stimulants.
- Growing Geriatric Population: Elderly individuals face a higher risk of cardiovascular diseases, driving the demand for stents to improve blood flow and prevent complications like heart attacks and strokes.
Market Challenges:
- Unfavorable Government Regulations: Stringent regulations and guidelines pose challenges, particularly in insurance coverage and taxation, affecting market growth.
- High Product Recalls: Safety concerns leading to product recalls can diminish patient confidence and demand for stents.
Market Trends:
- Non-Invasive Procedure Options: Minimally invasive surgical procedures have boosted the stent market, with a focus on faster recovery and reduced complications.
- Unhealthy Lifestyle and Sedentary Habits: Modern lifestyles contribute to cardiovascular disorders, thus increasing the demand for stents.
Segmental Insights:
- Biomaterial Insights: The metallic biomaterial segment leads, with polymeric biomaterials also gaining traction.
- End User Insights: Hospitals are the primary end-users, followed by ambulatory surgical centers, reflecting the demand for stent procedures in various healthcare settings.
North America dominates the market due to a significant aging population and advanced healthcare infrastructure. Europe follows closely, driven by government-supported healthcare services.
Key Players:
The report profiles major players including:
- Medtronic plc
- B. Braun Melsungen AG
- Terumo Corporation
- STENTYS SA
- MicroPort Scientific Corporation
- Meril Life Sciences Pvt. Ltd
- Translumina GmbH
- Biosensors International Group Limited
- Boston Scientific Corporation
- BIOTRONIK SE & Co. KG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $10.06 Billion |
| Forecasted Market Value (USD) by 2028 | $14.77 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
The "Global Stent Market - Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report serves as a crucial resource for stakeholders in the medical device sector. It provides a comprehensive analysis of market dynamics, drivers, and opportunities shaping the future of stent technology.
For more information about this report visit https://www.researchandmarkets.com/r/jd80z
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