Global Vascular Stents Market Report

Date: 1 August 2019

As per the research report published by Azoth Analytics in July 2019, the Global Vascular Stents Market was valued at USD 7344.40 Million in the year 2018. The market for such innovative medical device is anticipated to observe augmented growth in the coming years on the back of several impelling factors such as surge in the prevalence of cardiovascular ailments, rise in per capita expenditure on healthcare, rapid medical infrastructural developments, and the increasing adoption of minimally invasive surgical procedures. Nonetheless, the growth in this market is restrained by the stringent regulatory process associated with the approval of vascular stents.

The Azoth Analytics research report titled Global Vascular Stents Market has analysed and segmented the Vascular Stents Market. The report has further analysed the Vascular Stents Market by Stent Type (Coronary, Peripheral), By Technology (Bare Metal, Drug Eluting and Bioresorbable), By Mode of Delivery (Self Expandable, Balloon Expandable) and By End Users (Hospital, Ambulatory Surgical Center). The Global Vascular Stents Market has been analysed by Region (North America, Europe, Asia Pacific, ROW) and By Country (United States, Canada, United Kingdom, Germany, France, Italy, China, India, Japan and Brazil) for the historical period of 2014-2018 and the forecast period of 2019-2024.

A vascular stent is a miniature mesh like hollow structure that are primarily used for the opening of narrow blood vessels and arteries. Vascular stenting is thus, used to normalize the flow when blood or other bodily fluids such as biliary fluids are obstructed in blood vessels, gastrointestinal tracts, etc. Chiefly made up of metal or polymer materials, vascular stents are a class III medical device that can potentially be life-saving. As the share of geriatric population continues to rise in addition to the upsurge of sedentary lifestyle related disorders, the demand for such valuable interventional device is expected to increase appreciably in the foreseeable future.

Backed by factors such as the availability of highly advanced medical infrastructure and notably elevated healthcare spending levels, North America is expected to maintain its dominant position in the market, amongst the assorted geographical regions. On the other hand, fast emerging nations in the Asia Pacific region including China and India are shaping out to be the most lucrative market for vascular stents. Owing to the presence of vast population base with rampantly growing urbanisation and mounting pervasiveness of inveterate ailments, the demand of vascular stents in Asia Pacific region is projected to advance at a healthy pace during the forecast period. Besides, ongoing government initiatives towards improving the access to quality healthcare in developing as well as under-developed economies is highly likely to support the growth in the market. Additionally, burgeoning research and development efforts and investments by key industry players operating in this market is projected to push the global vascular stents market in the right direction.