The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Self-Expanding Stents Global Market Report 2023, the self-expanding stents market is expected to show promising growth in the forecast period.

• Market Expansion: The self-expanding stents market has shown substantial growth, rising from $3.14 billion in 2023 to $3.31 billion in 2024 at a CAGR of 5.7%.
• Key Drivers: Increased awareness, a growing aging population, expanded stent usage beyond coronary arteries, higher disposable incomes, and the adoption of minimally invasive procedures have fueled this growth.
• Minimally Invasive Trend: The shift towards less invasive medical procedures is playing a crucial role in market expansion.

Future Market Projections

• Continued Growth: The market is expected to reach $4.17 billion by 2028, growing at a CAGR of 5.9%.
• Growth Factors: Rising prevalence of cardiovascular diseases, better healthcare infrastructure, and expanded telemedicine services are key factors driving future growth.
• Emerging Trends: Key trends include the development of bioresorbable stents, drug-eluting stents, and the integration of artificial intelligence in stent technologies.

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Revolutionizing Cardiovascular Care with Self-Expanding Stents

• Cardiovascular Disease Impact: The increasing prevalence of cardiovascular diseases is a significant driver for the self-expanding stents market.
• Contributing Factors: Obesity, an aging population, and genetic factors contribute to the rise in cardiovascular conditions.
• Therapeutic Advantages: Self-expanding stents offer effective, minimally invasive treatment options for both urgent and long-term cardiovascular care needs.

Leading Companies in the Self-Expanding Stents Market

• Major Players: Key companies include Abbott Laboratories, Medtronic PLC, Stryker Corporation, and Boston Scientific Corporation.
• Innovation Focus: These companies are investing in advanced technologies, such as tracheal stent systems, to reduce the need for open surgeries and enhance patient outcomes.
• Market Leadership: Through innovation and strategic acquisitions, these companies maintain a competitive edge in the market.

Advancements in Tracheal Stent Systems

• Minimally Invasive Solutions: Tracheal stent systems are becoming increasingly popular for treating tracheal stenosis or collapse without the need for open surgery.
• Innovation Example: In February 2022, Micro-Tech Endoscopy Inc. launched a tracheobronchial nitinol y-stent, designed to expand the airway and enhance airflow for patients with tracheobronchial strictures.
• Market Impact: Such innovations are contributing to the growth and diversification of the self-expanding stents market.

Strategic Acquisitions and Market Expansion

• Olympus Corporation’s Acquisition: In January 2024, Olympus Corporation acquired Taewoong Medical Co., Ltd. to expand its gastrointestinal (GI) endotherapy portfolio.
• Strategic Growth: This acquisition strengthens Olympus Corporation’s position in the GI treatment market, highlighting the importance of strategic acquisitions in expanding product offerings and market reach.
• Global Market Positioning: These moves are essential for companies to stay competitive and meet the growing demand for advanced stent technologies.

Market Segmentation

• Product Types: The market is segmented into gastrointestinal self-expanding stents, carotid self-expanding stents, endovascular self-expandable stents, and others.
• Applications: Key applications include fem-pop artery stents, iliac artery stents, carotid artery stents, biliary stents, and more.
• End-Users: The primary end-users are hospitals, ambulatory surgical centers, and other healthcare facilities.

Regional Insights

• North America: In 2023, North America was the largest region in the self-expanding stents market, driven by advanced healthcare infrastructure and high demand.
• Asia-Pacific Growth: The Asia-Pacific region is expected to be the fastest-growing area in the forecast period, supported by expanding healthcare systems and rising incidences of cardiovascular diseases.

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