Evaluating the Self-Expanding Stents Market’s Growth Prospects from 2024 to 2033
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What is the Expected Growth Rate of the Self-Expanding Stents Market from 2024 to 2033?
The self-expanding stents market has shown strong growth in recent years. It is projected to grow from $3.14 billion in 2023 to $3.31 billion in 2024, at a CAGR of 5.7%. Factors driving this growth include heightened awareness, an aging population, expanded uses for stents beyond coronary arteries, rising disposable incomes, and increased adoption of minimally invasive procedures.
The self-expanding stents market is expected to grow to $4.17 billion by 2028 at a CAGR of 5.9%. The growth is attributed to the increasing prevalence of cardiovascular diseases, the expansion of telemedicine services, and the rising incidence of chronic diseases. Key trends include technological advancements, bioresorbable stents, drug-eluting stents, and minimally invasive procedures.
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What Key Factors Are Fueling the Growth of the Self-Expanding Stents Market?
The increasing incidence of cardiovascular diseases is projected to drive growth in the self-expanding stents market. Cardiovascular diseases include heart and blood vessel abnormalities, with rising cases linked to obesity, aging, and genetics. Self-expanding stents offer effective, minimally invasive treatments for these conditions. For instance, the Office for National Statistics reported that heart attack-related deaths in the UK rose from 19,440 in 2020 to 20,061 in 2021. Therefore, the prevalence of cardiovascular diseases is boosting this market.
What Are the Major Segments of the Self-Expanding Stents Market?
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
What New Trends Are Transforming the Self-Expanding Stents Market?
In the self-expanding stents market, companies are introducing devices like tracheal stent systems to minimize open surgery needs. Micro-Tech Endoscopy launched a nitinol y-stent in February 2022, designed to relieve symptoms of tracheobronchial strictures.
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Which Regions Are Driving Growth in the Self-Expanding Stents Market?
North America was the largest region in the self-expanding stents market in 2023. 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.
The Self-Expanding Stents Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the self-expanding stents market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Self-Expanding Stents Market Include
1. Self-Expanding Stents Market Executive Summary
2. Self-Expanding Stents Market Segments
3. Self-Expanding Stents Market Size And Template Market Growth Rate
4. Key Self-Expanding Stents Market Trends
5. Major Self-Expanding Stents Market Drivers
……
25. Key Mergers And Acquisitions In The Self-Expanding Stents Market
26. Top Self-Expanding Stents Companies
27. Self-Expanding Stents Market Opportunities And Strategies
28. Self-Expanding Stents Market, Conclusions And Recommendations
29. Appendix
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