Venous Stents Market Technological Advancements in Stent Technology By top companies Medtronic, Cook, C. R Bard, Medica Germany

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.

The global venous stents market accounted to US$ 829.0 Mn in 2017 and is expected to grow at a CAGR of 9.7% during the forecast period 2018 - 2025, to account to US$ 1,727.4 Mn by 2025.

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The global venous stents market by technology was led by iliac vein stent technology segment. In 2017, the ablation devices segment held a largest market share of 73.9% of the venous stents market, by technology. However, the wallstent technology segment is expected to witness significant growth rate during the forecast period, owing to the advantages of the technology combined with lower risk of complications.

The major players operating in the venous stents market includes 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, and Cordis (acquired by Cardinal Health).

The market for venous stents market is expected to grow due to the rising prevalence of venous diseases, technological advancement in stent technology and rising global geriatric population. The market is likely to get impacted due to the restraining factors such as stringent regulations for approval and high cost of surgical procedures. The market players have an opportunity to grow in the emerging nations whereas the trend in the development of advanced venous stents are likely to boost the market in the coming future.

Incidence rates for deep venous thrombosis (DVT) and pulmonary embolism (PE) increases with increasing age in both men and women. 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.

The varicose veins disease devices market by disease was segmented into, post thrombotic syndrome, chronic deep vein thrombosis, may-thurner syndrome, hemodialysis/arteriovenous fistulae and other diseases. The chronic deep vein thrombosis segment held the largest share of the market, by disease with a share of around 30.4%. The segment is also expected to dominate during the year 2025.

TABLE OF CONTENTS

1. INTRODUCTION 19
1.1 SCOPE OF THE STUDY 19
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 19

2. GLOBAL VENOUS STENTS MARKET – KEY TAKEAWAYS 20

3. GLOBAL VENOUS STENTS MARKET – MARKET LANDSCAPE 23
3.1 OVERVIEW 23
3.2 MARKET SEGMENTATION 23
3.2.1 Global Venous stents Market – By Product 24
3.2.2 Global Venous stents Market – By Application 24
3.2.3 Global Venous stents Market – By Disease 25
3.2.4 Global Venous stents Market – By Geography 25

4. GLOBAL VENOUS STENTS MARKET – KEY MARKET DYNAMICS 26
4.1 KEY MARKET DRIVERS 26
4.1.1 Rising Prevalence of Venous Diseases 26
4.1.2 Technological Advancements in Stent Technology 26
4.1.3 Rising Global Geriatric Population 27
4.2 KEY MARKET RESTRAINTS 27
4.2.1 Stringent Regulations For Approval 27
4.2.2 High Cost Of Surgical Procedures 27
4.3 KEY MARKET OPPORTUNITIES 28
4.3.1 Emerging Markets 28
4.4 FUTURE TRENDS 28
4.4.1 Development of Advanced Venous Stents 28
4.5 IMPACT ANALYSIS 29

5. VENOUS STENTS MARKET – GLOBAL ANALYSIS 30
5.1 GLOBAL VENOUS STENTS REVENUE FORECASTS AND ANALYSIS 30
5.2 GLOBAL VENOUS STENTS, BY GEOGRAPHY - FORECASTS AND ANALYSIS 31
5.3 PERFORMANCE OF KEY PLAYERS 32
5.3.1 Boston Scientific Corporation 32
5.3.2 C. R. Bard, Inc. 32
5.4 EXPERT OPINIONS 33

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