In-Depth 2024 Vascular Stent Market Analysis: Growth, Share, and Emerging Trends
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2024-2033 Vascular Stent Market Growth Rate: What’s the Forecast?
The dimensions of the vascular stent market have expanded quickly in recent times, with projections showing an increase from $14.74 billion in 2023 to $16.26 billion in 2024, which represents a compound annual growth rate (CAGR) of 10.3%. The expansion witnessed in the past is largely due to factors such as clinical research and development, introduction of drug-eluting stents (des), the advent of balloon angioplasty, initial stent advancements, and enhancements in physician training and skill development.
In the forthcoming years, the vascular stent market is projected to experience robust growth, with its worth rising to $23.61 billion by 2028, registering a compound annual growth rate (CAGR) of 9.8%. The expected growth during the forecast period can be ascribed to the emphasis on preventive cardiovascular healthcare, a shift to outpatient procedures, cost-efficiency and value-driven healthcare, the introduction of bioabsorbable stents and innovative materials, as well as the broadening of endovascular interventions. The forecast period is likely to witness key trends such as developments in stent coatings and materials, patient enlightenment and awareness, a transition towards outpatient environments, and a focus on cost-effectiveness.
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What Drivers Are Accelerating the Growth of the vascular stent Market?
The escalating prevalence of circulatory system disorders is expected to boost the evolution of the vascular stent market. Vascular disease, a category within the cardiovascular disease (CVD) umbrella, involves ailments that target the blood vessels, including arteries and veins. Vascular stents play a critical role in treating an array of such diseases by allowing oxygen-enriched blood to flow to the heart. As per statistics from the US-based federal agency for nationwide public health, the Center for Disease Control and Prevention, approximately 695,000 Americans succumbed to heart disease in 2021, representing 1 out of every 5 deaths that happened in May 2023. Consequently, an upward trend in cardiovascular diseases (CVDs) will act as a key catalyst propelling the expansion of the vascular stent market.
What Are the Fundamental Segments in the Vascular Stent Market?
The vascular stent market covered in this report is segmented –
1) By Product: Coronary Stents, Peripheral Vascular Stents, Evar Stent Grafts
2) By Type: Bare Metal Stent, Bio-engineered Stent, Bioresorbable Vascular Scaffold, Drug Eluting Stent, Dual Therapy Stent
3) By Material: Metallic Stents, Cobalt-Chromium, Platinum Chromium, Nickel Titanium, Stainless Steel, Polymers Stents
4) By Mode of Delivery: Balloon-expandable Stent, Self-expanding Stent
5) By End-user: Ambulatory Surgical Center, Cardiac Center, Hospital
What Trends Are On the Rise in the Vascular Stent Market?
The vascular stent market is witnessing a surge in popularity of the trend of technological advancement. Several firms are pouring resources into bio-sensing technology, advanced integrated stents, and drug-eluting coronary stent systems to establish an upper hand in the market. To illustrate, Translumina, a medical equipment manufacturing company based in India, in 2022, introduced VIVO ISAR, a ground-breaking generation dual drug polymer-free coated stent (DDCS). This product smartly combines a stent with a robust safety profile without undermining the drug release kinetics. It employs Probucol, an antioxidant and lipid-reducing drug, as a means to release Sirolimus, a drug that combats restenosis. This results in a polymer-free DES platform that doesn’t compromise on safety and effectiveness.
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What Regions Are Steering Growth in the Vascular Stent Sector?
North America was the largest region in the vascular stent market share in 2023. The regions covered in the vascular stent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Vascular Stent 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 vascular stent market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Vascular Stent Market Include
1. Vascular Stent Market Executive Summary
2. Vascular Stent Market Segments
3. Vascular Stent Market Size And Template Market Growth Rate
4. Key Vascular Stent Market Trends
5. Major Vascular Stent Market Drivers
……
25. Key Mergers And Acquisitions In The Vascular Stent Market
26. Top Vascular Stent Companies
27. Vascular Stent Market Opportunities And Strategies
28. Vascular Stent Market, Conclusions And Recommendations
29. Appendix
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