openPR Logo
Press release

Stents Market Key Trends, Key Segment, Key Demand and Forecast 2025 | Medtronic, Inc.

05-28-2020 05:18 AM CET | Health & Medicine

Press release from: TMR Research

TMR Research

TMR Research

Global Stents Market: Snapshot

The lifesaving function of stents, which are small mesh tubes inserted inside blocked arteries to open up the passage for blood to travel from the heart to other parts of the body, have resulted in their swift sales.

Majorly fuelling demand for stents, globally, are the rising occurrence of cardiovascular diseases, alarming increase in cholesterol levels, and rising prevalence of respiratory disorders. Further, rise in unhealthy eating habits such as smoking, alcohol intake and sedentary lifestyles, all of which up instances of cardiovascular disorders, are also serving to boost demand in the market. Obesity and hypertension are some other health conditions associated with the blockage of the arteries.

Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1457

Posing a challenge to the sales of stents, on the other hand, are the risks pertaining to their insertion. This is because, they can result in blood clots, soreness, allergic reactions, infection of the vessel, re-narrowing of an artery, and development of kidney stones on using a stent in the ureters.

From a geographical standpoint, North America and Europe are major markets for stents because of new varieties such as bioresorbable stents gaining traction in the region. In Asia Pacific, Japan, India, Australia, and China are primarily powering growth on account of their gradually increasing healthcare infrastructure, helpful government regulations and policies, and prevalence of cardiovascular diseases.

Medtronic, Inc., OrbusNeich, Eurocor GmbH, Cordis Corporation, Sahajanand Medical Technologies Pvt. Ltd., Micell Technologies, Inc., MIV Therapeutics, Inc., Bioring SA, Abbott Laboratories, and Boston Scientific Corporation are to name a few prominent vendors of stents in the global market.

Global Stents Market: Overview

Stents are tiny tubes that doctors can insert into a blocked passage to keep it open, so as to facilitate the flow of fluids such as blood. Made of plastic, fabric, or metal, stents are needed when plaque, a substance made of cholesterol, attaches itself to the walls of a blood vessel. An emergency procedure may also require a stent if an artery of the heart is blocked. Apart from blood vessels, stents also aid in the opening of bile ducts, airways of the lungs, and tubes that carry urine to the bladder from the kidney.

Global Stents Market: Key Trends

Increasing incidence of cardiovascular diseases, high levels of cholesterol, and growing prevalence of respiratory disorders are some of the prominent growth drivers of the global stents market. Growing adoption of unhealthy lifestyles and eating habits, along with harmful practices such as smoking, drinking alcohol, and lack of physical activity have been the major reasons for increased prevalence of cardiovascular disorders. Obesity and hypertension are some other health conditions associated with the blockage of the arteries.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1457

On the other hand, the growth of the global market for stents might be restricted on account of the risks associated with the inserting of stents, such as soreness, blood clots, allergic reactions, infection of the vessel, re-narrowing of an artery, and development of kidney stones on using a stent in the ureters. However, the risks of not using a stent outweigh the risks of getting one, because blocked blood vessels and limited blood supply can have life-threatening consequences. The coronary stents segment is likely to present considerable opportunities, with the bioabsorbable or bioresorbable stents commanding maximum share.

Global Stents Market: Market Potential

The increasing number of approvals of new stents worldwide is expected to result in better patient outcomes, thereby raising the demand for stents. For instance, in March 2017, CeloNova BioSciences, Inc. achieved the approval of the U.S. Food and Drug Administration (FDA) for its nano-coated coronary stent system, COBRA PzF.

The Health Ministry of India approved the nation's premier locally made naturally dissolving stent, 'MeRes100', developed by Meril Life Science, a Gujarat-based company. Also known as bioresorbable cardiac scaffold, these stents are made from a material that gets absorbed by the body and disappears gradually over a period of three years. Before Meril Life Science, Abbot India came up with its 'Absorb' stents in 2012.

In India, the price of coronary stents has been reduced by almost 85% by the government. A drug eluting stent, which was previously priced between Rs.40000 - Rs.170000, will now be made available at Rs.29600. This development will boost the deployment of previously expensive stents such as bioabsorbable vascular stents (BVS) in India to a significant degree.

Global Stents Market: Regional Outlook

Based on geography, the global market for stents can be segmented into Asia Pacific, Europe, North America, and the Rest of the World (RoW). The rising geriatric population worldwide has led to a rising frequency of various diseases that require stents for their treatment. As a result, the demand for stents will rise substantially.

The countries in North America and Europe are expected to represent a significant share in the global stents market owing to the rising awareness about the benefits of bioresorbable stents. The stents markets in India, Japan, Australia, and China are likely to expand steadily as rising healthcare infrastructure, beneficial government regulations and policies, and rising incidence of cardiovascular diseases are accelerating the demand in these regions.

Global Stents Market: Competitive Analysis

Some of the major companies operating in the global stents market are Medtronic, Inc., OrbusNeich, Eurocor GmbH, Cordis Corporation, Sahajanand Medical Technologies Pvt. Ltd., Micell Technologies, Inc., MIV Therapeutics, Inc., Bioring SA, Abbott Laboratories, and Boston Scientific Corporation.

The global stents market appears to be highly fragmented in terms of competition. Several leading companies at the global as well as regional levels have been adopting business strategies such as mergers, partnerships, and acquisitions to make a mark in the market.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today's supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients' conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Stents Market Key Trends, Key Segment, Key Demand and Forecast 2025 | Medtronic, Inc. here

News-ID: 2060068 • Views: 140

More Releases from TMR Research

Solar Pumps Market Competitive Strategies by 2025 | Shakti Pumps, Grundfos, Lore …
Global Solar Pumps Market: Snapshot Solar power pumps are devices that majorly run on electricity generated through photovoltaic cells. These cells mainly collect the incident solar energy, which further gets converted into electric energy through various processes. Solar powered pumps are known to be widely economical in the long run as compared to electrical powered pumps majorly due to less operational costs and low maintenance expenses. Solar powered pumps also have
Hybrid Cars Market Current Trends by 2025 | BMW, Nissan, Volkswagen, Hyundai, To …
Global Hybrid cars Market: Overview The global hybrid cars market is envisaged to be benefited by the growing awareness about clean and eco-friendly cars amongst the common people. An alarming rise in the level of air pollution across the globe has resulted in the rise of temperature worldwide. As such, people are now more concerned and hence are adopting products that are carbon-free. Such awareness amongst people coupled with government initiatives
Portable Filtration Systems Market Key Players by 2025 | Pall (US), Eaton (Irela …
Global Portable Filtration Systems Market: Overview Filtration is any of different mechanical, physical or organic operations that different solids from liquids (fluids or gasses) by including a medium through which just the liquid can pass. The liquid that goes through is known as the filtrate. In physical channels oversize solids in the liquid are held and in natural channels particulates are caught and ingested and metabolites are held and expelled. Be
Low Voltage Motor Control Centers Market Challenges and Key Players by 2025 | Ea …
Global Low Voltage Motor Control Centers Market: Overview Motor control centers include completely encased, dead front, self-standing structures appended together. These segments backings and host control units, a typical busbars for circulating energy to the control units, and a system of wire trough and channel entrance ranges for pleasing internal and outward load and control wires. The worldwide motor control centers showcase is driven by the expanding need of solid electric

All 5 Releases


More Releases for Stents

Ureteral Stents
Increasing prevalence of urinary incontinence with age and rising geriatric population are major factors expected to drive the ureteral stents market growth during the forecast period. According to the Global Forum for Incontinence held in 2014, incontinence is a serious medical condition and set of diseases, which affected 4% to 8% of the population or the lives of around 400 million people worldwide over a period of 2007-2010. Furthermore, lifestyle associated
Surgical Stents Market by Cardiac Stents, Urinary Stents, Biliary Stents, Esopha …
Surgical Stent Market Scenario: The stent is a small, flexible metal or plastic tube that is 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,
Global Coronary Stents Market 2018
Press Release - 28 Feb 2018 Global Research and Development News -- . . Report Description- '
Global Enteral Stents Market For 2017: By Product Type - Esophageal Stents, Gast …
Researchmoz added Most up-to-date research on "Global Enteral Stents Market For 2017: By Product Type - Esophageal Stents, Gastroduodenal Stents & Colon Stents" to its huge collection of research reports. In this report, the global Enteral Stents market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report
Global Drug Eluting Stents (DES) Market: By Types - Nitinol Stents, Platinum chr …
Researchmoz added Most up-to-date research on "Global Drug Eluting Stents (DES) Market: By Types - Nitinol Stents, Platinum chromium alloy Stents, Stainless steel Stents & Other Materials" to its huge collection of research reports. This report studies Drug Eluting Stents (DES) in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast
Europe's Coronary Stent Market: By Product Type - Bare Metal Stents, Drug Elutin …
Researchmoz added Most up-to-date research on "Europe's Coronary Stent Market: By Product Type - Bare Metal Stents, Drug Eluting Stents & Bio-absorbable Stents" to its huge collection of research reports. This report studies sales (consumption) of Coronary Stent in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries,