Stent Market drivers of growth analyzed in a new research report
Category: #health  By Partha Ray  Date: 2019-08-08
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Stent Market drivers of growth analyzed in a new research report

Stent Market will reach over USD 16.0 billion by 2025; as per a new research report. Growing acceptance of minimally invasive techniques coupled with surging number of coronary artery and peripheral artery surgical procedures will positively impact the growth of stent market over the forecast period. As per the American Heart Association, coronary heart disease was responsible for about 363,452 deaths (approximately 13% of all deaths) in the U.S. in the year 2016.

Increasing number of cardiovascular surgeries, sedentary lifestyle coupled with rising elderly population will augment the demand for stents in coming future. Technological advancements has enhanced the reliability and efficiency of stents as a part of every cardiovascular procedure. Currently, several types of stents are available for a range of cardiovascular procedures including coronary artery and peripheral artery disease to achieve desired results.

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Increasing R&D activities pertaining to development of stents along with favorable initiatives by the federal government should positively impact industry expansion. However, stringent regulatory approvals for stents, stent failure and product recalls will hamper the stent industry growth over the coming years.

Drug eluting stent market accounted for over 40% market share in 2018 and is estimated to witness considerable growth during the forecast period. Drug eluting stents are designed to slowly release a drug to check cell proliferation. Restenosis of artery can be prevented due to this property of the stents. Aforementioned factors along with wide adoption will propel business growth over the forecast period.

Based on mode of delivery, the stent market is bifurcated into self-expandable and balloon expendable stents. The balloon expandable segment accounted for more than 70% market share in 2018 and is anticipated to follow similar trend over the coming years owing to better radial stiffness, high adoption rate and regulatory approvals for balloon-expandable stents.

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The U.S. stent market dominated the global industry in 2018 and is projected to expand at a CAGR of 2.4% over the forthcoming years. Favorable reimbursement policies, growing geriatric population base, high healthcare expenditure and increasing investments by stent manufacturing firms should drive the U.S. stent market during the analysis period.

Germany Stent market dominated European region in 2018 and is anticipated to grow at 2.7% over the forecast period. High technological adoption, increasing number of baby boomers and rising incidence of cardiovascular disorders in the country will stimulate Germany stent market growth.   

Few notable industry players operating in global stent market are
B. Braun Melsungen AG, Abbott Laboratories, Medtronic, MicroPort Scientific Corporation, Terumo, C R Bard, Boston Scientific, Biotronik SE & Co. KG, Biosensors International Group, Meril Life Sciences and Elixir Medical Corporation. Aforementioned companies account majority market share due to better brand recognition and strong financial position.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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