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Stents Market - By Product (Vascular Stents {Coronary, Peripheral, Neurovascular}, Non-vascular Stents), Material (Metal, Polymer), Type (Self Expandable, Balloon Expandable), End-use (Hospitals, ASCs) & Global Forecast 2024 – 2032
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Stents Market
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Premium Report Details
Base Year: 2023
Companies covered: 14
Tables & Figures: 718
Countries covered: 20
Pages: 300
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Stents Market Size
Stents Market size accounted for revenue of USD 9.4 billion in 2023, expanding at 4.7% CAGR to reach USD 14 billion by 2032. High growth of the market is attributable to increasing adoption of minimally invasive techniques, increasing cardiovascular surgeries, and a hectic lifestyle coupled with rising geriatric population will augment the market growth.
Rising adoption of unhealthy habits such as smoking and excessive alcohol usage, increasing consumption of junk food, and advancements in healthcare technology will propel industry growth in the future. Growing cardiovascular disorders and rising demand for minimally invasive procedures will foster the market growth. Moreover, novel developments in drug-eluting stent such as bifurcated stents as well as biodegradable materials, will boost the market value.
Stent is a plastic tube inserted into the lumen of an anatomic vessel or duct to keep the passageway open. These stents are often and widely used to treat narrowed coronary arteries that supply the heart with oxygen-rich blood. Moreover, stents are used in procedures or surgeries such as peripheral artery disease (stent replacement), deep vein thrombosis and coronary heart disease (stent placement) among others.
Stents Market Trends
Increasing number of coronary artery disease and peripheral vascular disorders globally will positively impact stent industry growth.
Stents Market Analysis
Based on product, the market is segmented into vascular stents and non-vascular stents. The vascular stent segment is anticipated to reach USD 13 billion by 2032.
The stents market by material is categorized into metal and polymer. The metal segment dominates the market with the revenue of around USD 7.5 billion in 2023.
Based on type, the stents market is segmented into self-expandable and balloon expandable. The balloon expandable stent segment held leading revenue share in 2023 and is anticipated to reach USD 8.8 billion by 2032.
The stents market by end-use is categorized into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment held majority revenue share and was valued at around USD 6.9 billion in 2023.
North America stents market accounted for USD 2.1 billion revenue in 2023 and is predicted to witness substantial market growth.
Stents Market Share
Prominent players operating in the stents industry include Abbott Laboratories, B Braun Melsungen AG, Boston Scientific Corporation, among others. These industry players are noted to have undertaken certain strategic initiatives such as product launches and approvals assisting them to sustain the market competition. Ongoing advancements aim to improve stent design, durability, and biocompatibility while reducing risks of complications such as restenosis or thrombosis. Collaboration between medical professionals and device manufacturers drives innovation in this critical area of cardiovascular care.
Stents Market Companies
Some of the eminent market participants operating in the stents industry include:
Stents Industry News:
Stents market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in (USD Million) and volume (Units) from 2018 – 2032 for the following segments:
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Market, By Product
Market, By Material
Market, By Type
Market, By End-use
The above information is provided for the following regions and countries: