Fact.MR – A Market Research and Competitive Intelligence Provider: The demand for arterial stents market is likely to grow at a steady pace between 2021 and 2025.
The Demand Of Arterial Stents Market Is Expected To Register CAGR Of 9.8% By 2025
In a recent market study, Fact.MR covers recent developments in the global arterial stents market, highlighting vital aspects such as trends, drivers, opportunities, and restraints. The report studies recent developments in the segments of the market in terms of product, application and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: The demand for arterial stents market is likely to grow at a steady pace between 2021 and 2025. Since the opportunities are more, key players are concentrating on innovations, sustainability, and product development to gain a major share in the market.
Coronary Artery Stents are expected to attain wide usage during the forecast period, computing for more than three-fifth of the arterial stents market. This led to the growth in the market value of arterial stents market.
A rising number of patients with coronary artery diseases combined with affordability of coronary stents in developing nations are expected to drive growth. The segment is expanded to grow almost twofold, registering a value of US$ 11,669.4 Mn by 2025-end.
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The Femoral & Popliteal Artery segment shows robust growth opportunity in the future. This is associated to growing implementation of Percutaneous Coronary Intervention (PCI) procedures to rectify femoral artery anomalies. A phenomenal CAGR of 10.2% is expected as a market size of arterial stents market for the Femoral & Popliteal Artery segment during the forecast period.
During the projection period, Europe is expected to establish suzerainty over the market. The strategic presence of important firms in the interventional cardiology sector is credited with Europe’s supremacy. Following Europe, Asia-Pacific is expected to provide lucrative growth opportunities for the arterial stents market.
| Report Attributes | Values |
| Projected Market Forecast Value by 2025 | US$ 17,887.9 Mn |
| Global Growth Rate (2022 to 2025) | 9.8% CAGR |
Key Takeaways:
- Anticipated market share of the arterial stents market is three-fifths of the overall market, expected to register almost twofold by 2025.
- Femoral & Popliteal Artery segment is experiencing robust growth. This is associated with growing Percutaneous Coronary Intervention (PCI) procedures in rectifying heart ailments. An impressive 10.2% CAGR is projected for this segment.
- An impressive 9.6% CAGR is projected in Europe. Majority of the patients here opt for coronary artery stents, due to a high number of PCI procedures.
- Asia-Pacific registered a healthy CAGR of 10.3% during the forecast period.
Growth Drivers:
- Rising incidences of cardiovascular diseases is expected to propel the demand for arterial stents.
- Increasing preference for minimally invasive surgical procedures to achieve long-term outcomes is expected to stimulate the arterial stents market growth.
Key Restraints:
- Due to growing need for treating COVID-19 patients, production of stents is expected to decline.
- The number of non-emergency cardiac surgeries has decreased, restricting the use of artery stents.
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Competitive landscape:
- Boston Scientific Corporation is the dominant player. Its product classifies include coronary intervention and peripheral intervention. It majored in Drug-eluting stents such as Epic, Express & Innova, Self-expanding Stents such as Synergy, Eluvia and Flexive and Bare Metal Stents like Rebel & Promus.
- Abbott Laboratories, provides a broad range of endovascular devices and cardiovascular stents. The manufactured product include Xience Alpine and Xience Xpedition, which are Drug-eluting and Bare Metal Stents, Absolute Pro and Omnilink which are Self-Expanding Stents and RX Acculink which is a Balloon-expanding Stent.
Key Players in the Arterial Stents Market Include:
- Medtronic
- Abbott Laboratories
- Boston Scientific Corporation
More Valuable Insights on Arterial Stents Market:
Fact.MR provides an unbiased analysis of the Arterial Stents market, presenting forecast statistics for the period from 2022-2025. The study divulges compelling insights on the global Arterial Stents market with a detailed segmentation on the basis of:
- Product
- Coronary Stents:
- Bare Metal Stents
- Drug-eluting Stents
- Bioreabsorbable Stents
- Others
- Peripheral Stents:
- Self-expandable Stents
- Balloon-expanding Stents
- Others
- Coronary Stents:
- Application
- Coronary Artery
- Carotid Artery
- Iliac Artery
- Femoral & Popliteal Artery
- Others
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Covered in Arterial Stents Market Report
- What is the arterial stents market size?
- How has arterial stents market grown over the years?
- Who are the leading exporters for arterial stents?
- What is the market share of top arterial stents market players?
- What are the key trends impacting arterial stents market growth?
- What is the North America arterial stents market Outlook?
- How will sales of arterial stents market grow in Europe?
- How will demand for arterial stents market grow in Japan and South Korea?
Explore Fact.MR’s Coverage on the Healthcare Domain –
Lower Limb Arterial Stents Market Trends - The key reason driving the growth of the lower limb arterial stents market is the rising incidence rate of peripheral artery disease. The market for lower limb arterial stents is predicted to rise due to rapid technological advancements and widespread patient acceptance of this treatment.
Dual Therapy Stent Market Analysis - The growing population necessitates the use of more dual therapy stents in hospitals. In hospitals, clinics, and outpatient surgeries, dual therapy stents are employed. Additionally, as it treats patients with complicated lesions and atherosclerotic burden, the dual therapy stents market is expected to grow.
Carotid Stenting Systems Market Insights- The key driver for the growth of the global carotid stenting systems market is the rising incidence of cardiac diseases such as atherosclerosis and coronary artery diseases, which is fueled by rising risk factors such as high cholesterol intake, sedentary lifestyles, substance abuse, diabetes, obesity, and high blood pressure.
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Source: Fact.MR