Venous Stent Market Growth Is Attributed To The Increasing Demand For Chronic Deep Vein Thrombosis

According to Precision Business Insights (PBI), the latest report, the venous stent market is expected to be worth USD 991.7 million in 2022, growing at a 8.2% CAGR from 2022 to 2028. The market is primarily driven by technological developments in stents, an increase in angioplasty operations, an increase in the burden of vascular illnesses, an increase in demand for minimally invasive procedures, and an increase in the number of older adults. Additionally, it is anticipated that the development of bioresorbable vascular scaffolds and the expansion into emerging markets would present market participants with possible growth possibilities in the upcoming years. However, throughout the projected period, the market's growth is anticipated to be constrained by the availability of alternative treatments for cardiac disorders, strict rules for product approval, and numerous instances of product failure and recalls.

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Chronic Deep Vein Thrombosis Segment to Dominate the Venous Stent Market:
The chronic deep vein thrombosis segment is expected to account for a larger revenue share in the global Venous Stent Market, with a value share worldwide. It is projected to grow at a 8.5% CAGR between 2022 and 2028. Deep vein thrombosis occurs when a blood clot forms in one or more deep veins in the body, commonly in the legs. Leg pain or swelling may result from this condition. Venous thromboembolism is the combined occurrence of deep vein thrombosis and pulmonary embolism (VTE). Pulmonary embolism, a potentially fatal consequence linked to deep vein thrombosis, is one of its sequelae. When patients exhibit pulmonary embolism symptoms, they need immediate medical attention. This increases the demand for venous stenting procedures because these symptoms include sudden shortness of breath, chest pain with breathing or coughing, a rapid heartbeat, rapid breathing, feeling dizzy, and coughing up blood. This is anticipated to fuel the market for venous stents shortly continuously.

Europe Venous Stent Market:
The Europe market is expected to increase in the global Venous Stent Market over the forecast period. It is projected to grow at a CAGR of 9.2% in the coming years. One of the world's largest geriatric populations is in Europe. According to a 2016 U.S. Census Bureau analysis, over 129.6 million people in Europe were 65 or older, and that number was expected to increase to around 169.1 million by the year 2030. Due to the region's aging population, venous disorders such as CVI, Post Thrombotic Syndrome, and May-Thurner Syndrome (MTS) have become more prevalent, creating more opportunities for expanding the relevant industry there.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Venous Stent Market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The venous stent market is segmented based on technology, application, disease, and geography.
Based on the technology, the market is segmented into the following:
• Iliac Vein Stent Technology
• Wallstent Technology

Based on the application, the market is segmented into the following:
• Leg
• Chest
• Abdomen
• Others

Based on the disease, the market is segmented into the following:
• Chronic Deep Vein Thrombosis
• Post Thrombotic Syndrome
• May-Thurner Syndrome (MTS)
• Hemodialysis/Arteriovenous Fistulae
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the venous stent market report are Boston Scientific Corporation, Cook Medical, Gore Medical, Optimed Medizinische Instrumente GmBH, C. R. Bard, Inc., Jotec GmBH, Medtronic Plc, Veniti, Inc., Becton, Dickinson and Company, and Medica Germany GMBH & Co. KG.

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This release was published on openPR.