Vascular Stent Market by Technology (Dug-eluting, Covered), Product (Coronary, Peripheral (Carotid, Renal)), MOD (Balloon-expandable, Self-expanding), Material (Metal (PtCr,CoCr), Polymer), End User (Hospitals, Cardiac Center) - Global Forecast to 2029
CORDIS CORPORATION(SUBSIDIARY OF HELLMAN & FRIEDMAN LLC)
ARTIVION, INC.
STRYKER CORPORATION
LIFETECH SCIENTIFIC CORPORATION
TRANSLUMINA
LEPU MEDICAL TECHNOLOGY(BEIJING) CO., LTD.
ENDOLOGIX LLC.
BIOSENSORS INTERNATIONAL GROUP, LTD.
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COOK MEDICAL
INSITU TECHNOLOGIES INC.
IVASCULAR
ORBUSNEICH MEDICAL GROUP HOLDINGS LIMITED
ALVIMEDICA
ELIXIR MEDICAL
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The global vascular stent market is projected to reach USD 15.6 billion by 2029 from USD 11.4 billion in 2024, at a CAGR of 6.5% from 2024 to 2029. The growth of the market is driven by increase in acquisitions by major players, increase in adoption of minimally invasive procedures. However, availability of alternative treatment methods to treat vascular disease, is impacting the growth of the market. Moreover, the product recalls and failures in the field of vascular stent are a major factor restraining the market growth.
Scope of the Report
Years Considered for the Study
2021-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Billion)
Segments
By Technology, Product, Mode of Delivery, Material, and End User
Regions covered
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa
"Polymer segment to witness the significant growth during the forecast period."
Based on material, the segment is divided into metallic material, and polymer material. The polymer segment is further divided into biodegradable polymers and non-biodegradable polymers. In 2023, among these two polymers, the biodegradable polymer segment to witness the highest growth in vascular stent market. Because of their prospective medicinal uses, biodegradable polymers are expected to witness significant expansion in the vascular stent market. These polymers, which are essential for drug-eluting stent (DES) platforms, guarantee the antiproliferative medications' optimum release, leading to the best possible DES performance. Compared to permanent polymers, biodegradable polymers can reduce chronic inflammation of the arterial wall, hence reducing the risk of late restenosis and stent thrombosis. Clinical experiments have demonstrated that biodegradable polymer DES platforms function similarly to permanent polymer DES platforms during the first year of implantation, with longer-term follow-ups revealing encouragingly lower rates of stent thrombosis. The promise to increase patient safety and efficacy is what motivates their planned market expansion.
"Peripheral segment accounted for the significant growth in the vascular stent market during the forecast period."
Based on product, the vascular stent market is segmented into coronary stents, peripheral stents, and EVAR stent grafts. Among these in 2023, peripheral stents accounted for significant share. Throughout the projected period, peripheral stents are anticipated to have substantial growth in the vascular stent market, driven by the increased prevalence of peripheral vascular illnesses, especially in the aging population. The American Heart Association revealed in June 2023 that 200 million people worldwide and approximately 12 million Americans suffer with peripheral vascular disease (PAD). This rising prevalence highlights the need for efficient treatment alternatives such as Stents for the periphery. Additionally, developments in biodegradable polymer stents provide a more patient-centered, minimally invasive approachable substitute, increasing their uptake and market expansion even more.
"APAC is estimated to register the highest CAGR during the forecast period."
In this report, the vascular stent market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America and Middle East and Africa. During the forecast period, the Asia Pacific region is anticipated to experience the largest growth in the vascular stent market by material, mainly because of the increasingly aging population that is causing an increase in the frequency of cardiovascular illnesses. As of June 2022, the population of Asia and the Pacific is aging at a rate faster than any other region in the world, with 630 million people in the region making up 60% of the world's senior population, according to the Economic and Social Commission for Asia and the Pacific. By 2050, it is anticipated that this number would increase to 1.3 billion, greatly increasing the need for vascular stents to treat age-related cardiovascular diseases and propelling market expansion.
Breakdown of supply-side primary interviews, by company type, designation, and region:
By Company Type: Tier 1 (20%), Tier 2 (45%), and Tier 3 (35%)
By Designation: C-level (30%), Director-level (20%), and Others (50%)
By Region: North America (35%), Europe (24%), Asia Pacific (25%), RoW (16%)
List of Companies Profiled in the Report
Medtronic Plc (Ireland)
Abbott Laboratories (US)
Boston Scientific Corporation (US)
B Braun SE (Germany)
Terumo Corporation (Japan)
Biotronik SE & Co.KG (Germany)
Shanghai Microport Medical (Group) Co., Ltd (China)
Meril Life Science Pvt. Ltd (India)
Sahajanan Medical Technologies Limited (India)
Becton, Dickinson, and Company (US)
W.L. Gore & Associates, Inc (US)
Cordis Corporation (US)
Artivion Inc (US)
Stryker Corporation (US)
LifeTech Scientific Corporation (China)
Translumina (Germany)
Lepu Medical Technology (Beijing) Co., Ltd (China)
Endologix LLC. (US)
Biosensors International Group, Ltd (Singapore)
Cook Medical (US)
Insitu Technologies Inc (US)
iVascular (Spain)
OrbusNeich Medical Group Holdings Limited (China)
Alvimedica (Turkey).
Elixir Medical (US)
Research Coverage
This report studies the vascular stent market based on product, procedure, technology, application, end user and region. The report also analyses factors (such as drivers, restraints, opportunities and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total vascular stent market. The report forecasts the revenue of the market segments with respect to five major regions.
Reasons to Buy the Report
This report also includes.
Analysis of key drivers (rising incidence of vascular diseases and growth in number of angioplasty procedures, advancements in stent technology and materials, increase in adoption of minimally invasive procedures),restraints (Availability of alternative treatment methods for vascular diseases, stringent regulations for product approval, product failures and recalls), challenges (High risk of complications, declining cost of stent), opportunities (Development of bioresorbable vascular scaffold stent, emerging markets to offer high-growth opportunities for market participants, increase in aging population) contributing the growth of the vascular stent market.
Product Development/Innovation: Detailed insights on upcoming trends, research & development activities, and new software launches in the vascular stent market.
Market Development: Comprehensive information on the lucrative emerging markets, technology, product, mode of delivery, material, end-user and region.
Market Diversification: Exhaustive information about the growing geographies, recent developments, investments in the vascular stent market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, company evaluation quadrant, and capabilities of leading players in the global vascular stent market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS & EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 MARKET STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
2.4 MARKET RANKING ANALYSIS
2.5 STUDY ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.6.1 METHODOLOGY-RELATED LIMITATIONS
2.6.2 SCOPE-RELATED LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 VASCULAR STENTS MARKET OVERVIEW
4.2 NORTH AMERICA: VASCULAR STENTS MARKET, BY PRODUCT