Venous Stents Market to Grow at a CAGR of 9.7% to reach US$ 1,727.4 Mn from 2017 to 2025
[Research Report] The Venous stents in healthcare market was valued at US$ 829.0 million in 2017 and it is projected to reach US$ 1,727.4 million by 2025; it is expected to grow at a CAGR of 9.7% from 2018 to 2025.
The venous stents are mesh tubes made up metal that expands against the blocked veins or the narrowed veins. These stents play role of a scaffold that assist in keeping the walls of veins open. The venous stents are generally placed in the central veins which are found in legs, chest and abdomen. The venous stents are used to treat conditions such as chronic deep vein thrombosis (DVT), post thrombotic syndrome and more. The growth of the Venous stents in healthcare market is attributed to the rising venous diseases, technological advancements in stent technology and rising geriatric populations are key drivers for the growth of the market. However, the growth of the market is restrained by various factors such as stringent regulations for approval and high cost of surgical procedures.
The Venous stents in healthcare market is expected to witness substantial growth post-pandemic. The Venous stents in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
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Venous Stents Market: Strategic Insights
Venous Stents Market
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CAGR (2017 - 2025)
9.7%
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Market Size 2017
US$ 829.0 Million
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Market Size 2025
US$ 1,727.4 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Boston Scientific Corporation
- C R Bard acquired by BD
- Jotech GMBH acquired by Cryolife Inc
- Cook
- W L Gore Associates
- Optimed Medizinische Instrumente GMBH
- Medtronic
- Medica Germany GMBH Co KG
- Cordis acquired by Cardinal Health
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Wallstent Technology and Iliac Vein Stent Technology
Application
- Legs
- Chest and Abdomen
Disease
- Post Thrombotic Syndrome
- Chronic Deep Vein Thrombosis
- May-Thurner Syndrome
- Hemodialysis/Arteriovenous Fistulae and Others
Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Venous Stents Market: Strategic Insights
-
CAGR (2017 - 2025)9.7% -
Market Size 2017
US$ 829.0 Million -
Market Size 2025
US$ 1,727.4 Million
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- Boston Scientific Corporation
- C R Bard acquired by BD
- Jotech GMBH acquired by Cryolife Inc
- Cook
- W L Gore Associates
- Optimed Medizinische Instrumente GMBH
- Medtronic
- Medica Germany GMBH Co KG
- Cordis acquired by Cardinal Health
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Wallstent Technology and Iliac Vein Stent Technology
- Legs
- Chest and Abdomen
- Post Thrombotic Syndrome
- Chronic Deep Vein Thrombosis
- May-Thurner Syndrome
- Hemodialysis/Arteriovenous Fistulae and Others
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South and Central America
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Growing Applications of Venous stents in Healthcare to Drive Venous stents in Healthcare Market Growth
Conditions that damage the veins are termed as venous diseases. Common venous disorders include: venous thrombosis, deep vein thrombosis, venous stasis, venous ulcers, arteriovenous fistula, post-thrombotic syndrome, thrombophlebitis and others. According to the Johns Hopkins University around 15% of the US population suffers from varicose veins. Also, according to the Centers for Disease Control and Prevention, every year approximately 900,000 (1 - 2 per 1,000) people are affected by deep vein thrombosis (DVT) in the United States. It also mentioned that 33% of people with DVT will have recurrence of DVT within 10 years. Furthermore, thrombophilia is the condition wherein predisposition leads to formation of clots. The predisposition to form clots can arise from genetic factors, genetic thrombophilia results when there is deficiency in inherited factor, such as antithrombin or protein C. The Centers for Disease Control and Prevention estimated that 5-8% people in the US have inherited thrombophilias.
Owing to the rising cases of venous diseases in the regions and in various countries, the need and demand for the venous stents for the treatment of the venous disorders increases, thus enhancing the market growth in the future years.
Advancement in the field of stent technology has equally enhanced the market for venous stents. Many industry players have come up with innovative types of venous stents in last few years. The defects and technical shortcomings for performing venous stenting procedures have led to a revolution of the newer nitinol stents. For instance, in January 2018, Medtronic plc. broadcasted an initiation of its investigational device exemption (IDE) study for the Abre, its venous self-expanding stent system. The new abre stent is developed for permanent implant in the iliofemoral vein. Upon placement of the Abre stent, the stent offers optimized balance of strength and flexibility to exert an outward force and open the vein. Similarly, in November 2016, Cook Medical announced the initiation of VIVO clinical study that assesses the safety and effectiveness of the Zilver Vena venous stent that is used for the treatment of symptomatic iliofemoral venous outflow obstruction. Thus, many companies are growing their venous product portfolio to offer a comprehensive portfolio for the treatment of venous diseases.
Advancement in venous stents has made the treatment of venous diseases easy and accurate. These technological advancements are likely to grow the market in near future.
Incidence rates for deep venous thrombosis (DVT) and pulmonary embolism (PE) increases with increasing age in both men and women. This is due to age related alterations in thrombotic factors and laxity in large venous valves. According to the NHS foundation, 90-95% of deep venous thrombosis or pulmonary embolism cases are in people aged over 40 years. Furthermore, chronic diseases like cancer, surgeries or immobilization, transvenous pacemaker, central venous catheters, infection, kidney disease, thrombophilia, and leg paresis from neurological disease are more prevalent in aged population and all these diseases are independent predictors of venous thromboembolism events.
Globally the geriatric population is increasing, every country is experiencing the rise in older population. According to the United Nations data from World Population Prospects 2017, 962 million people are aged 60 or over in the world and is expected to reach 2.1 billion by 2050 and 3.1 billion by 2100. It also mentioned that Europe is having the largest share of old aged population about 25%. Thus, the growing geriatric population, increases the applications of venous stents and eventually favors market growth.
Technology-Based Insights
In terms of technology, the Venous stents in healthcare market is segmented into wallstent technology and iliac vein stent technology. In 2017, the iliac vein stent technology segment held a largest market share of 73.9% of the venous stents, by technology.
Application-Based Insights
Based on application, the Venous stents in healthcare market is segmented into legs, chest, and abdomen. The leg segment is anticipated to grow at a CAGR of 9.6% during the forecast period. The growth of leg segment is primarily driven due to increasing number of the incidences for the deep vein thrombosis in the geriatric population.
Disease-Based Insights
In terms of disease, the Venous stents in healthcare market is segmented into post thrombotic syndrome, chronic deep vein thrombosis, may-thurner syndrome, hemodialysis/arteriovenous fistulae and others. In 2017, the chronic deep vein thrombosis segment held a largest market share of 30.4% of the venous stents, by disease.
The Venous stents in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Venous Stents Market Report Scope
Report Attribute
Details
Market size in 2017
US$ 829.0 Million
Market Size by 2025
US$ 1,727.4 Million
Global CAGR (2017 - 2025)
9.7%
Historical Data
2015-2016
Forecast period
2018-2025
Segments Covered
By Technology - Wallstent Technology and Iliac Vein Stent Technology
By Application - Legs
- Chest and Abdomen
By Disease - Post Thrombotic Syndrome
- Chronic Deep Vein Thrombosis
- May-Thurner Syndrome
- Hemodialysis/Arteriovenous Fistulae and Others
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Boston Scientific Corporation
- C R Bard acquired by BD
- Jotech GMBH acquired by Cryolife Inc
- Cook
- W L Gore Associates
- Optimed Medizinische Instrumente GMBH
- Medtronic
- Medica Germany GMBH Co KG
- Cordis acquired by Cardinal Health
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2017 | US$ 829.0 Million |
Market Size by 2025 | US$ 1,727.4 Million |
Global CAGR (2017 - 2025) | 9.7% |
Historical Data | 2015-2016 |
Forecast period | 2018-2025 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Venous stents in Healthcare Market – by Technology
- Wallstent Technology,
- Iliac Vein Stent Technology
Venous stents in Healthcare Market – by Application
- Legs
- Chest
- Abdomen
Venous stents in Healthcare Market – by Disease
- Post Thrombotic Syndrome,
- Chronic Deep Vein Thrombosis,
- May-Thurner Syndrome,
- Hemodialysis/Arteriovenous Fistulae, and
- Others
Venous stents in Healthcare Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Boston Scientific Corporation
- C. R Bard (acquired by BD)
- Jotech GMBH (acquired by Cryolife, Inc.)
- Cook
- W.L Gore & Associates
- Optimed Medizinische Instrumente GMBH
- Medtronic
- Medica Germany GMBH & Co. KG
- Cordis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology ; Application ; Disease ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The List of Companies
- Boston Scientific Corporation
- C. R Bard (acquired by BD)
- Jotech GMBH (acquired by Cryolife, Inc.)
- Cook
- W.L Gore & Associates
- Optimed Medizinische Instrumente GMBH
- Medtronic
- Medica Germany GMBH & Co. KG
- Cordis (acquired by Cardinal Health)