Stents Market Detailed Industry Report Analysis 2022-2028

Precision Business Insights published a research report on “Stents Market: By Product (Coronary Stents, Peripheral Stents, Stent-Related Implants, Biliary Stents, Carotid Stents, and Neurovascular Stents), By Material (Metallic, Polymeric, and Natural) - Global/Region/Country Forecast to 2028”.

Stents are important medical devices that are utilised in life-saving treatments. As a result, the COVID-19 situation is unlikely to have a direct influence on the production of such devices. However, due to the dependency on Chinese production, logistical problems are likely. This could interrupt stent supply and lead to temporary shortages, thus raising stent pricing.

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Rapid technological improvements that lead to higher levels of accuracy and reliability in stents are major factors driving the market forward. The adoption of minimally invasive stents is made possible by frequent technological advancements. Furthermore, as the number of persons suffering from coronary heart disease rises, so will the need for percutaneous coronary intervention procedures. The global market for stents will benefit from an increase in the number of coronary heart disease and peripheral vascular illnesses. The demand for percutaneous coronary intervention and peripheral vascular operations will increase as the number of patients with chronic diseases grows. According to the American Heart Association's (AHA) 2017 report on heart disease and stroke statistics, about 90 million people in the United States suffer from coronary heart disease each year. The need for percutaneous coronary intervention as well as peripheral vascular operations will rise as the number of people suffering from coronary artery and peripheral vascular disorders continues to rise. As a result, the rate of stent adoption will increase.

On the basis of Product, the market is segregated into Drug Eluting Stents, Bare Metal Stents, Bioresorbable Vascular Scaffold. On the basis of end-user, the market is categorized into Hospitals and Cardiac Centers well as Ambulatory Surgical Centers.

North American stents market accounted for more than 25% of total revenue, owing to rising cardiovascular disease incidence and a growing elderly population in the region. As per the Center for American Heart Association, cardiovascular disease (CVD) is one of the main causes of death in the United States, accounting for more than 700,000 deaths in 2018, or around one out of every three deaths. According to the United States Census Bureau, there were more than 55 million people aged 65 and up in the United States in 2019. This statistic includes a variety of diseases and disorders, including coronary artery disease and angioplasty, among many others. As a result, the use of stents in such medical conditions or procedures will promote market growth in North America.

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Some of the major key players in the Stents Market are Abbott Laboratories, Braun Melsungen AG, Boston Scientific Corporation, R. Bard, Inc., Elixir Medical Corporation, Medtronic plc, Microport Scientific Corporation, Stentys S.A., Terumo Corporation

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