Press release
Metal Stent Market is set to Witness Huge Demand at a CAGR of 7.45% during the Forecast Period 2028
Global Metal Stent Market
Industry Analysis
Rising prevalence of cardiovascular disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing geriatric population base worldwide and rising expenditure for the development of healthcare infrastructure especially in the developing economies are the major factors attributable to the growth of metal stents market. Stents are the medical devices that are generally used in the cardiac surgical procedures. Stents are used to provide greater visibility to the surgeons, which in turn help in performing the procedure with greater accuracy. Stents are used to open wide the clogged arteries and are also inserted in the ureter to prevent obstruction of urine flow from kidney. Stents get easily dissolved over a period of time.
Upsurge in the consumption of unhealthy food items is one of the major factors fostering the growth of the market. Growth in the consumption of tobacco and other tobacco products is another market growth determinant. Increased focus of the physicians and manufacturers on reduction of operating time by developing highly advanced and innovative products, growing number of hospital-based laboratories and rising medical tourism are other important factors that will further generate lucrative market growth opportunities. However, improper and unfavourable reimbursement scenario in the developing and underdeveloped economies will derail the market growth rate. Also, high costs associated with research and development proficiencies and with the surgical procedures will further pose challenges for the market. Dearth of skilled professionals in the backward economies and complications associated with high-risk patients will also hamper the market growth rate.
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