Vascular Stents Market Growth, Trends, and Forecast by 2031

MARKET OVERVIEW

Vascular stents are small wired net tubes that used to treat narrow or blocked arteries to improve blood flow in the arteries. The method for placement of a vascular stent into the body is called as vascular stenting. The stents are usually made up of fabric and metal that used in a procedure called percutaneous coronary intervention or angioplasty that commonly used in a management of coronary artery disease, renal (kidney) artery narrowing, peripheral vascular diseases, diabetes and others. A vascular stent is placed into a blood vessel that allowing normal flow of blood and helps to reduce the chances of heart attack and chest pain.

MARKET SCOPE

The "Global Vascular Stents Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vascular stents market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading vascular stents market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the market is segmented into coronary stents, peripheral stents, EVAR stent grafts.
  
•   Based on the end user the market is segmented as hospitals, cardiac centers, ambulatory surgical centers.
  

MARKET DYNAMICS

Drivers

•   Rising minimally invasive procedures
  
•   Growing innovations in stenting technologies
  
•   Rising incidence of vascular diseases
  

Restraints

•   Availability of alternative treatment methods for vascular diseases
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vascular stents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vascular stents market in these regions.

IMPACT OF COVID-19 ON VASCULAR STENTS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic significantly impacted the market for vascular stents. According to a 2021 report by Censis Technologies, Inc., many elective surgeries were postponed due to the pandemic. However, when they resumed, operating rooms and technicians had to deal with a huge backlog, while continuing to work around COVID. This unveiled the need for effective vascular stents as sterile supply processing and equipment shortages became an issue.

MARKET PLAYERS

The report covers key developments in the vascular stents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vascular stents market are anticipated to lucrative growth opportunities in the future with the rising demand for vascular stents in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vascular stents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Medtronic
  
•   Boston Scientific Corporation
  
•   B. Braun Melsungen AG
  
•   TERUMO CORPORATION
  
•   JOTEC GmbH
  
•   Lombard Medical
  
•   C. R. Bard, Inc.
  
•   Meril Life Sciences Pvt. Ltd.
  
•   ENDOLOGIX, INC.
  
•   MicroPort Scientific Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Vascular Stents Report Scope