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Stents Market Size
- Report ID: GMI3372
- Published Date: Mar 2024
- Report Format: PDF
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Stents Market Size in 2023: | USD 9.4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.7% |
| 2032 Value Projection: | USD 14 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 718 |
| Segments covered: | Product, Material, Type, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Stents Market Scope
