Stents are the tubes that are implanted in any duct or in any blood vessel to keep the passage open in the body. They are used in heart, esophageal, kidney, urinary tract and various parts of the body to unblock the passage caused by infections, injuries or diseases such as cancer. There is high scope for the Stents Market in healthcare sector across the globe during 2014-2022.
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Topics Covered in this report:
Scope and Regional Forecast of the Stents Market:
In the Stents Market, cardiac stent or the stent in heart is the highest and fastest revenue generating type and in 2015, it registered a growth in CAGR of 9.5% compared to other stents. Among the materials, metallic biomaterials stents generated the highest revenue in 2015 and natural biomaterial stents are expected to have the fastest growth at a CAGR of 10.5% during 2016-2022.
Asia Pacific is the dominating region in the Stents Market with increasing cases of heart issues among the geriatric population and practice of affordable heart stent procedure by healthcare companies. LAMEA has huge growth potential with increasing medical facilities in this region during 2016-2022.
The increasing investment by healthcare corporation for the development of minimally invasive surgical stents, growing population undergoing stent surgeries and angioplasty procedure and increasing production of stents to meet global medical needs are the major driving factors of the Stents Market during 2014-2022.
Segmentation and Key Players of the Stents Market:
The Stents Market is segmented into various categories by type, by material and by region as follows:
By type: Coronary Stents, Drug-Eluting Stents (DES), Bare-Metal Coronary Stents, Bioabsorbable Stents, Peripheral Stents, Iliac, Femoral-Popliteal, Renal, Carotid, Stent-Related Implants, Synthetic Grafts and Vena Cava Filters
By material: Metallic Biomaterials, Polymers Biomaterials and Natural Biomaterials
By region: North America, Europe, Asia Pacific and LAMEA
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The key players in the Stents Market are as follows:
- Boston Scientific Corporation
- Medtronic plc
- Microport Scientific Corporation
- Elixir Medical Corporation
- B. Braun Melsungen AG
The Stents Market is a high potential market with high demand for heart stent, stent replacement etc. for stent procedure and stent surgery on the patients in healthcare sector in various regions across the globe. This market is expected to witness high growth owing to increasing use of stent insertion for balloon angioplasty procedure, growth in production of coronary stent and vascular stent for heart disease and high R&D expenditure for stent operation by healthcare companies in various regions across the globe during 2014-2022.
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