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Self-Expanding Stents Industry Outlook 2025-2029: Market Set to Cross $4.4 Billion Milestone
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Self-Expanding Stents Market Size By 2025?
There has been a significant growth in the market size of self-expanding stents in recent years. The market is predicted to increase from $3.31 billion in 2024 to $3.51 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.0%. The significant growth in the past can be linked to heightened awareness, rise in the elderly population, the expansion of stent usage beyond coronary arteries, an increase in disposable income and the growing acceptance of minimally invasive procedures.
How Big Is the Self-Expanding Stents Market Size Expected to Grow by 2029?
In the forthcoming years, the market size of self-expanding stents is anticipated to witness sturdy growth, reaching $4.4 billion by 2029 while growing at a compound annual growth rate of 5.8%. The acceleration during this period is due to factors such as the heightened occurrence of cardiovascular ailments, enhancement of healthcare facilities, the surge in telemedicine services for distant consultations, an increasing number of peripheral arterial disease cases, and the rise in chronic illnesses. Over the forecast period, significant trends will consist of technological innovations, bioresorbable stents, drug-eluting stents, minimally invasive operations, and the incorporation of artificial intelligence.
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Which Key Market Drivers Powering Self-Expanding Stents Market Expansion and Growth?
The escalating occurrence of heart-related diseases is predicted to stimulate the expansion of the self-expanding stents market in the future. Cardiovascular afflictions involve irregularities in the heart and blood vessels and are typically caused by factors like obesity, aging, and genetic susceptibility. Self-expanding stents serve a valuable role in treating these health issues, as they offer effective and minimally invasive solutions for both immediate and long-term patient needs. As an illustration, data from September 2024, released by the British Heart Foundation, a leading cardiovascular research organization in the UK, declared that about 7.6 million people in the UK are suffering from heart and circulatory diseases. This includes approximately 4 million males and 3.6 million females. These disorders account for nearly 27% of all UK fatalities, resulting in over 170,000 deaths per year, or nearly 480 deaths per day-that is a death every three minutes. Consequently, the rising incidence of cardiovascular diseases is fueling the expansion of the self-expanding stents market.
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Which Fast-Growing Trends Are Poised to Disrupt the Self-Expanding Stents Market?
Leading firms in the self-expanding stents market are concentrating on developing solutions like tracheal stent systems, with the aim of minimizing the requirement for invasive operations and gaining a competitive advantage. The tracheal stent system is a medical apparatus designed to support and preserve tracheal patency, commonly used in instances of tracheal narrowing or collapse. For example, in February 2022, the American medical technology enterprise Micro-Tech Endoscopy Inc. introduced a tracheobronchial nitinol y-stent. This flexible, self-expanding stent is made of a nitinol alloy and is specified by its low-profile delivery methods, silicone coating to inhibit tumor growth, and adjustable sutures for modification or removal. This stent alleviates symptoms in those suffering from tracheobronchial constrictions by enlarging the airway and improving airflow.
What Are the Emerging Segments in the Self-Expanding Stents Market?
The self-expanding stents market covered in this report is segmented -
1) By Product Type: Gastrointestinal Self-Expanding Stents, Carotid Self-Expanding Stents, Endovascular Self-Expandable Stents, Other Product Types
2) By Applications: Fem-Pop Artery Stents, Iliac Artery Stents, Carotid Artery Stents, Biliary Stents, Other Applications
3) By End-Users: Hospitals, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Gastrointestinal Self-Expanding Stents: Esophageal Stents, Duodenal Stents, Colonic Stents
2) By Carotid Self-Expanding Stents: Balloon-Expandable Carotid Stents, Self-Expanding Carotid Stents
3) By Endovascular Self-Expandable Stents: Aortic Stents, Renal Artery Stents, Peripheral Artery Stents
4) By Other Product Types: Biliary Self-Expanding Stents, Urological Self-Expanding Stents
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Who Are the Global Leaders in the Self-Expanding Stents Market?
Major companies operating in the self-expanding stents market are Abbott Laboratories, Medtronic PLC, Stryker Corporation, Boston Scientific Corporation, Becton, Dickinson and Company (BD Interventional), Terumo Corporation, Phenox GmbH, Balton Sp. z o.o., Biotronik SE & Co. KG, Merit Medical Systems Inc., Aesculap AG, MicroVention Inc., Lifetech Scientific Corporation, Cordis Corporation, Rontis Corporation, Veryan Medical Ltd., Andramed GmbH, Medinol Ltd., iVascular SLU, HEXACATH SAS, Eucatech AG, Endospan Ltd., Endo-Flex GmbH, Endocor GmbH
Which are the Top Profitable Regional Markets for the Self-Expanding Stents Industry?
North America was the largest region in the self-expanding stents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self-expanding stents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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