Arterial Stents Market Size to Cross USD 17.8 Bn by 2025 with CAGR of 9.5 % | Exclusive Study by TMR

Posted on 2024-03-08 by Transparency Market Research in Internet & Online // 0 Comments

Wilmington, Delaware, United States, 2024-Mar-08 — /EPR Network/ — Transparency Market Research Inc.–

Arterial stents, small metal mesh tubes expanding within coronary arteries, drive the global market growth. Atherosclerosis and advanced stent technology, like bioresorbable stents, contribute to this expansion. Key growth drivers include the success of arterial stents in treating coronary and peripheral artery disorders and the trend towards minimally invasive procedures, enhancing blood flow.

A TMR report forecasts a 9.5% CAGR for the global arterial stents market from 2017 to 2025. With a valuation of US $8 billion in 2016, it’s projected to reach US $17.8 billion by 2025.

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The increasing preference for minimally invasive surgeries and the growing number of patients with artery blockages are significant factors driving market growth. Recent technological innovations also contribute to market expansion. Factors such as hypertension, rising cardiovascular disorders among the elderly, and obesity levels are expected to further propel the arterial stents market.

Prominent Ventures:

Cordis Corporation, Abbott Laboratories. Cook Medical, Lifetech Scientific, Gore Medical, Biosensors International Group Ltd, BIOTRONIK AG, and Medtronic.

Segmentation:

by Product

Coronary Stents
- Bare Metal Stents
- Drug-eluting Stents
- Bioresorbable Stents
- Others
Peripheral Stents
- Self-expandable Stents
- Balloon-expandable Stents
- Others

by Application

Coronary Artery
Carotid Artery
Iliac Artery
Femoral & Popliteal Artery
Others

Regions Covered:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

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Market Drivers and Challenges

Drivers: Technological advancements, rising prevalence of cardiovascular diseases, increasing adoption of minimally invasive procedures, and growing geriatric population.
Challenges: Stringent regulatory requirements, high cost associated with stent procedures, and concerns regarding long-term efficacy and safety of stents.

Market Trends

Focus on Bioresorbable Stents: Growing interest in bioresorbable stents that gradually dissolve in the body, reducing the risk of long-term complications associated with traditional stents.
Personalized Medicine: Shift towards personalized medicine approaches, with the development of stents tailored to individual patient characteristics and disease profiles.

Future Outlook

The arterial stents market is poised for significant growth and innovation in the coming years, driven by technological advancements, expanding applications, and increasing demand for minimally invasive cardiovascular procedures. Key market players are expected to focus on product innovation, strategic collaborations, and geographic expansion to capitalize on emerging opportunities in the global market.

Key Market Study Points

Market size and growth projections
Regional analysis and market dynamics
Competitive landscape and key market players
Regulatory landscape and market challenges
Emerging trends and future outlook

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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