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The worldwide pattern towards minimally invasive surgical strategies is a key variable impacting the surgical stents market. Stents are vital parts in minimally invasive mediations, offering patients more limited recuperation times, diminished post-employable pain, and more modest entry points contrasted with customary open medical procedures.
The maturing population universally is more vulnerable to cardiovascular diseases, prompting a more appeal for surgical intercessions like stent position. The segment shift towards a more experienced populace contributes fundamentally to the growth of the surgical stents market, as old people look for successful treatment choices for cardiovascular circumstances.
Past coronary intercessions, the commonness of fringe conduit sicknesses is adding to the development of the surgical stents market. Stents are utilized in fringe vascular mediations to address conditions like fringe vein illness, renovascular sickness, and carotid supply route illness, expanding the market's degree.
The rising incidence of neurovascular messes, including strokes and aneurysms, is driving the demand for stents in neurointerventional techniques. As stents become necessary in treating complex vascular circumstances influencing the cerebrum, the neurovascular section adds to the general growth of the surgical stents market.
The globalization of medical services and the passage of worldwide players into the surgical stents market add to expanded rivalry and mechanical trade. This globalization permits medical services suppliers’ admittance to a more extensive scope of stent choices, cultivating development and driving market extension.
Persistent innovative work endeavors by producers are vital variables forming the surgical stents market. Progressing investigation of new materials, coatings, and stent models guarantees that products stay at the bleeding edge of clinical innovation, meeting the advancing necessities of medical care experts and patients.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | Â Â 9.8% (2022-2030) |
Surgical Stents Market Highlights:
Surgical Stents Market Overview
Surgical Stents Market Size was valued at USD 11.57 Billion in 2023. The Surgical Stents industry is projected to grow from USD 12.19 Billion in 2024 to USD 21.56 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.93% during the forecast period (2024 - 2032). The stent is a small, flexible metal or plastic tube that are inserted into the vessels or duct to keep the passageway open. Different types of materials like metal, standard polymer, and biodegradable polymer are used for the preparation of the surgical stents. According to the WHO (2015), more than 35% of the total global population was suffering from major or minor cardiovascular complications; and in 2014, globally 39% of adults aged 18 years and over were overweight whereas, 13% were obese. Thus, increasing prevalence of diabetes and obesity have increased the risk of urinary tract failure.
Major driving factors for the growth of the market: Increasing prevalence of cardiovascular diseases, rising diabetic & obese population and rapid development in the technology. Moreover, rising healthcare expenditure, increasing geriatric population, and changing lifestyle have fueled the growth of the market. However, higher cost of surgeries and risk of infection may hinder the growth of the market during the forecast period 2017-2013.
Study Objectives:
- Detailed information about the factors affecting the growth of the surgical stents market
- Detailed analysis of parent market with respect to all the possible segmentation of the market
- Detailed analysis of emerging key players for the market with their effective strategies
- Detailed information about the present and forecasted market and factors that influences the global market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the surgical stents market
- Analysis of the market for different factors like- Price Analysis, Supply Chain Analysis, Porters Five Force Analysis, etc.
- Detailed information on the possible segments and sub segments of the market and regional analysis of the market
- Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped
- Detailed information on trends and the opportunities in various regions
Intended Audience
- Surgical Stents Manufacturer
- Surgical Stents Supplier
- Research and Development (R&D) Companies
- Independent Research Laboratories
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
Figure 1- Surgical Stents Market, By Application, 2016 (%)
Source- Annual reports, press release, white paper, company presentation
Key Players for Surgical Stents Market
Some of the major key player for the market are
- STI Laser Industries
- Ltd (Israel)
- ELLA - CS
- s.r.o. (Czech Republic)
- Boston Scientific Corporation (US)
- Laserage Technology corporation (US)
- amg International GmbH (Germany)
- Abbott (US)
- Angiocare (Netherlands)
- Meril Life Sciences Pvt. Ltd. (India)
- Elixir Medical Corporation (US)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- B. Braun Melsungen AG (Germany)
- Medtronic (US)
- Amaranth Medical, Inc (US)
- Arterial Remodeling Technologies (US)
Surgical Stents Market Segment Insights
The surgical stents market is segmented into types, type of materials, application, and end users. On the basis of types, the surgical stents market is segmented: cardiac stents, urinary stents, biliary stents, esophageal stents, prostatic stents and other. Cardiac stents are further segmented: self-expanding stents, balloon expanding stents, bio-engineered stents, dual therapy stents, artery stents, drug eluting stents and other. Urinary stents are further segmented: open end stents, double pigtail stents, closed end stents and multi loop stents. On the basis of materials, the market is segmented: metal, standard polymer, and biodegradable polymer. On the basis of applications, the market is segmented into cardiac diseases, urinary tract diseases, and others. On the basis of end users, the market is segmented into hospital, clinics, and others.
Surgical Stents Market Regional Analysis
America dominates the surgical stents market owing to an enormous number of the patient suffering from cardiac and renal diseases. Additionally, well-developed healthcare sector and higher healthcare expenditure have supported the growth of the market in this region. Europe accounts for the second largest market followed by Asia Pacific. Asia Pacific is the fastest growing region in the surgical stents market due to the presence of huge patient population base and rapidly developing economies.
Market Assessment
Source- World Health Organization (WHO), white paper, company presentation, American Heart Association, National Institutes of Health, The National Institute of Diabetes and Digestive and Kidney Diseases, Centres for Disease Control and Prevention, Annual reports
The report for the surgical stents market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected Surgical Stents Market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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