Carotid Stenting Systems Market Present Insights into Opportunities & Threats 2018 to 2028

Carotid Stenting Systems Market: Snapshot

Carotid artery stenting (CAS) is an endovascular procedure to treat narrowing of the carotid artery, which reduces the risk of transient ischemic attacks (TIAs) or strokes. It involves the placement of a stent in the carotid artery to treat narrowing of the carotid artery and decreases the risk of stroke. A stent is a metal or plastic tube inserted into the lumen of the carotid artery to avoid its narrowing and thereby keeping the passageway open for blood flow. Carotid stenting is the preferred therapy for patients, who do not want to undergo carotid surgery.

The increasing graph of cardiac diseases such as atherosclerosis, coronary artery diseases driven by growing risk factors such as high consumption of cholesterol rich foods, sedentary lifestyles, substance abuse, diabetes, obesity and high blood pressure is the key driver for the growth of the global carotid stenting systems market. According to the Centers for Disease Control and Prevention, coronary artery disease (CAD) is the most common heart disease in the U.S. and is the leading cause of deaths, claiming over 370,000 lives annually.

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Technological advancement in stents such as drug eluting stents, use of biodegradable, and bio-absorbable materials for stent construction, improvements in stent design such as bifurcated stents and others are driving the growth of the global carotid stenting systems market owing to greater efficiency and efficacy. Improvements in implantation techniques and development of complementary technologies such as real-time diagnostic imaging such as computed tomography, magnetic resonance imaging and others have resulted in greater confidence and concurrent number of stenting procedures performed. Another advancement is the development of stent coatings to combat stent-based trauma, and restenosis.

The restraining factors of the global carotid stenting systems market are high cost of the procedure, risk of infection and stent failure, thrombosis, restenosis or the re-narrowing of the arteries, and lack of of trained manpower and specialty hospitals. The global carotid stenting systems market also faces competition from balloon angioplasty, coronary angioplasty, and carotid endarterectomy.

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The global market for carotid stenting systems is consolidated with a few large players dominating the scene. The market trends include a definite shift in favor of developing regions of Asia Pacific, such as India and China. There is also a strong trend of collaboration between large hospitals and third party payers owing to growing adoption of healthcare insurance.

The global carotid stenting systems market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to account a large share in the global carotid stenting systems market owing to concentration of key market players, consolidation of healthcare, and large research and development expenditure.

Examples of some of the major players operating in the global carotid stenting systems market are Abbott Vascular, Boston Scientific Corporation, Cardinal Health Company, Medtronic, Silk Road Medical, InspireMD, Balton Sp. z o. o., etc. Collaboration between players and strategic business partnerships are the strategies that can yield premium.

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