Published: Mar, 2019

Globally, the incidence of cardiovascular diseases has risen in the past two decades. There are several factor that can be attributed to the steep rise. This has led to surge in demand for healthcare procedures that account as treatment for such ailments. One of the prominent and common procedures include expanding arteries using arterial stents. 

The global arterial stents market has experienced steady rise in demand and has registered a prominent growth rate. During the forecast period, the market is expected to grow at much higher rate of 9.5% CAGR, and is predicted to reach an overall value of US$17.8bn by the end of 2025. These findings are published in a latest report of Transparency Market Research that elucidates every critical details for growth in the global arterial stents market. 

Further, the global arterial stents market is marked by stiff competition from prominent players. The need for biocompatible stents, reduced cost, improved quality, and efficiency are some factors driving innovation in the global arterial stents market. As a result, many players in the global arterial stents market are investing large sums into research, and are hoping to launch new products during the forecast period. This is expected to aggravate competition in the global arterial stents market. Significant players in the global arterial stents market are Lifetech Scientific Corporation, Boston Scientific Corporation, Abbott Laboratories, Cook Medical, Medtronic plc, and Gore Medical.  

Geographically, the global arterial stents market is prominent world-wide. However, well-developed healthcare infrastructure, easy availability of insurance, and rising spending capacity among individuals propels demand in North America. Hence, the TMR report predicts that North America will remain the leader in global arterial stents market. At the same time, Asia Pacific is expected to grow in prominence. 

arterial stents market

 

Rising Incidence of Cardiovascular Diseases Pushes Demand 

Cardiovascular disease are constantly increasing due to unhealthy eating and lifestyle habits. While the number of cases have risen, technology has also aided easy treatment. Often those with unhealthy eating habits, smoking, and drinking suffer from high cholesterol levels. Thus, it form blocks in arteries restricting flow of blood. In orders to dilate the arteries, cardiologists use stents. This is a common procedure across the world. This aspect drives demand in the global arterial stents market. 

Further, related aspects like easy availability of public and private health insurances and growing awareness among people also facilitate growth in the global arterial stents market. Moreover, technology plays a crucial role garnering consumption in the global arterial stents market. People have realized that the surgery is no longer complicated, thus are not reluctant about undergoing the procedure. This, as a result, supports growth in the global arterial stents market.

Innovation Stokes Demand in the Global Arterial Stents Market 

While there are high quality stents available in the market, one of the common concerns expressed by consumers is high cost of the product. Further, doctors are also keen about stents that are more compatible with the human body. As a result, major players in the global arterial stents market are investing heavily on research to develop stents with better biocompatibility. Further, efforts are also on to roll out cost-efficient products that will increase consumption and in-turn push players in the global arterial stents market to scale up production. 

The study presented here is based on a Transparency Market Research report titled “Arterial Stents Market (Product - Coronary Stents (Bare Metal Stents, Drug-eluting Stents, and Bioresorbable Stents) and Peripheral Stents (Self-expandable Stents and Balloon-expandable Stents); Application - Coronary Artery, Carotid Artery, Iliac Artery, and Femoral & Popliteal Artery) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.” 

The global arterial stents market is segmented based on 

Product

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

Application

  • Coronary Artery
  • Carotid Artery
  • Iliac Artery
  • Femoral & Popliteal Artery 

Region

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe 
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America 
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of Middle East & Africa 

About Us 

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. 

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. 

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.