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How has the self-expanding stents market grown in recent years?
In recent times, the market size for self-expanding stents has significantly flourished. The market was valued at $3.31 billion in 2024, and it is expected to reach $3.51 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.0%. The impressive growth in the past few years can be credited to several factors such as heightened awareness health issues, a growing aging population, expansion of stent usage for more than just coronary arteries, an increase in disposable income, and a rise in the adoption of minimally invasive procedures.
How is the self-expanding stents market size expected to evolve during the forecast period?
The self-expanding stents market size is expected to see strong growth in the next few years. It will grow to $4.4 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing prevalence of cardiovascular diseases, expansion of healthcare infrastructure, expansion of telemedicine services for remote consultation, growing incidence of peripheral arterial disease, and increase in the prevalence of chronic diseases. Major trends in the forecast period include technological advancements, bioresorbable stents, drug-eluting stents, minimally invasive procedures, and integration of artificial intelligence.
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Which key drivers are propelling the self-expanding stents market’s growth?
As cardiovascular diseases become more widespread, the self-expanding stents market is projected to expand in response. These diseases, which encompass heart and blood vessel irregularities, are becoming increasingly common due to factors such as obesity, an aging population, and genetic predispositions. Self-expanding stents offer an effective and minimally invasive solution for both immediate and long-term patient needs in treating these conditions. The British Heart Foundation, a UK-focused cardiovascular research charity, reported in September 2024 that around 7.6 million people in the UK, composed of roughly 4 million men and 3.6 million women, live with heart and circulatory diseases. These conditions contribute to about 27% of all UK deaths, meaning over 170,000 deaths per year, or an estimated 480 deaths each day. This equates to a death caused by these illnesses every three minutes. Hence, the escalating prevalence of cardiovascular diseases is fuelling the advance of the self-expanding stents market.
What are the market segments in the self-expanding stents industry?
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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Which leading companies are shaping the growth of 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
What emerging trends are influencing the growth of the self-expanding stents market?
Major corporations in the self-expanding stents market are concentrating their resources on presenting solutions such as the tracheal stent system, aiming to lessen the need for invasive surgery and secure a market advantage. A tracheal stent system is a medical tool used to keep the trachea open, usually used in situations involving tracheal constriction or collapse. For example, Micro-Tech Endoscopy Inc., a medical technology firm based in the US, unveiled a tracheobronchial nitinol y-stent in February 2022. The stent is flexible, self-expanding, and made of a nitinol alloy, it has a low-profile delivery system, is covered in silicone to prevent tumor growth inside it, and has adjustable sutures for modification or extraction. This stent eases symptoms in people with tracheobronchial strictures by widening the airway and improving airflow.
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What regions are contributing significantly to the growth of the self-expanding stents market?
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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