Press release
Huge 7.5% CAGR Growth Expected for Global Balloon-Expandable Vascular Stent Market as Demand for Minimally Invasive Procedures Soars from 2022 to 2030
Dataintelo
The surge in cardiovascular diseases worldwide has necessitated advanced treatment solutions in the medical field. Balloon-expandable vascular stents offer an efficient solution for treating such ailments, thus driving the market growth. Moreover, the advancement in stent design and development technology has resulted in more reliable and efficient stents, further propelling the market.
In terms of type, metallic stents, noted for their durability and flexibility, are expected to be in high demand and account for the largest market share in 2022. The rising popularity of metallic stents can be attributed to their utility in a variety of clinical scenarios, including their compatibility with minimally invasive surgeries.
Regarding applications, hospitals and cardiac centers are projected to hold the lion's share of the global balloon-expandable vascular stent market in 2022. These establishments are equipped with advanced facilities and services essential to carrying out effective cardiovascular treatment, increasing their demand for high-quality balloon-expandable vascular stents.
The report by Dataintelo presents a comprehensive analysis of the market trends, drivers, challenges, and opportunities influencing the growth of the balloon-expandable vascular stent market. It also provides strategic insights on the competitive landscape, market share, pricing analysis, and the regulatory scenario to help stakeholders make informed business decisions. This statistical surveying study offers an unbiased look at the potential trajectory of this fast-growing market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/223268
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The balloon-expandable vascular stent market has been segmented on the basis of๐๐ฒ๐ฉ๐
โ Metallic Stents
โ Cobalt Chromium
โ Platinum Chromium
โ Nickel Titanium
โ Stainless Steel
โ Others
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โ Hospitals & Cardiac Centers
โ Ambulatory Surgical Centers
๐๐๐ ๐ข๐จ๐ง
โ Asia Pacific
โ North America
โ Latin America
โ Europe
โ Middle East & Africa
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ Medtronic
โ plc (Ireland)
โ Abbott Laboratories (U.S.)
โ Boston Scientific Corporation (U.S.)
โ BIOTRONIK SE & Co. KG (Germany)
โ B. Braun Melsungen AG (Germany)
โ Terumo Corporation (Japan)
โ STENTYS SA (France)
โ MicroPort Scientific Corporation (China)
โ Meril Life Sciences Pvt. Ltd. (India)
โ Vascular Concepts (India)
โ W. L. Gore and Associates (U.S.)
โ C. R. Bard (U.S.)
โ Endologix
โ Inc. (U.S.)
Segment analysis of the balloon-expandable vascular stent market covers various types of metallic stents and applications. The types of metallic stents include cobalt chromium, platinum chromium, nickel titanium, stainless steel and others. These stents differ in their material properties and cost-effectiveness which has a significant impact on their demand and subsequent market share. Furthermore, with the increasing number of heart diseases, manufacturers are focusing on developing stents with advanced materials to ensure safe implantation in the patients.
In terms of application, the market can be segmented into hospitals & cardiac centers and ambulatory surgical centers. Hospitals and cardiac centers are anticipated to hold a significant share owing to the high incidence of cardiovascular diseases and the high adoption rate of advanced treatments in these settings. On the other hand, ambulatory surgical centers are also expected to witness remarkable growth due to cost-effective treatments, shorter lead times and lower risk of hospital-acquired infections.
Regional analysis shows an in-depth assessment of the balloon-expandable vascular stent market across major regions - Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is anticipated to dominate the market owing to the high number of cardiovascular surgeries, presence of key players and advancements in healthcare technology in the region. In contrast, emerging markets in Asia Pacific are expected to grow at a rapid pace due to the increasing healthcare expenditure, improving infrastructure and rising awareness about cardiovascular diseases. Europe is also projected to have a considerable market share due to the high prevalence of heart diseases and advanced healthcare infrastructure. Meanwhile, the market in Latin America and the Middle East & Africa are also providing lucrative opportunities for the market players to expand their operations
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/223268
Market Drivers for Balloon-expandable Vascular Stent Market:
1. Increasing incidence of Cardiovascular Diseases: The increasing prevalence of cardiovascular diseases globally is one of the primary drivers of the market. As per the World Health Organization, cardiovascular diseases are the number one cause of death globally.
2. Ageing Population: The number of elderly people is expected to increase in the coming years, translating into a higher demand for balloon-expandable vascular stents. Old age is associated with a higher risk of developing cardiovascular diseases.
3. Technological Advancements: The continuous improvement in the development of new stents such as drug-eluting stents and bioabsorbable stents is a significant driver of the market.
4. Sedentary Lifestyle: Modern lifestyles, characterized by lack of physical activity, stressed work conditions, and unhealthy food habits, have led to an increase in cardiovascular disease risk, driving the demand for vascular stents.
Opportunities for Balloon-expandable Vascular Stent Market:
1. Emerging Markets: Developing countries represent a significant opportunity due to increasing healthcare expenditure, improving healthcare infrastructure, and a rise in the awareness about the treatment of cardiovascular diseases.
2. Increasing awareness and educational initiatives about the early diagnosis of cardiovascular diseases can provide ample opportunities for the growth of the market.
3. Government Initiatives: Government initiatives to improve the healthcare sector can lead to significant opportunities for this market.
4. Research and Development: Investment in research and development of more effective and patient compliant stent systems can open up new opportunities in the market. The development of next-generation stents with better efficacy and fewer complications can provide major growth opportunities.
5. Expansion of Healthcare Insurance: Increasing health insurance coverage and favorable reimbursement scenarios in various countries create potential growth opportunities for providers of balloon-expandable vascular stents
๐๐จ๐ฎ ๐๐๐ง ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/223268
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