The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Vascular Stent Global Market Report 2023, the vascular stent market is expected to show promising growth in the forecast period.

The global vascular stent market is set for a remarkable journey, with projections indicating substantial growth. From a valuation of $13.42 billion in 2022, the market is poised to reach $14.67 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 9.3%. Looking further into the future, the market is anticipated to expand to $20.53 billion in 2027, maintaining a steady CAGR of 8.8%. Let’s delve into the key factors shaping this growth and the prominent trends influencing the vascular stent landscape.

The Surge of Vascular Diseases

Fueling Market Expansion

1. Understanding Vascular Disease: The rise in the incidence of vascular diseases, a subset of cardiovascular diseases (CVD), is a pivotal factor propelling the growth of the vascular stent market.
2. Life-Threatening Impact: According to the Center for Disease Control and Prevention (CDC), heart disease alone accounted for approximately 69,700 deaths in the United States in 2020, emphasizing the critical role of vascular stents in treating cardiovascular conditions.
3. Oxygen-Rich Blood Supply: Vascular stents play a crucial role in the treatment of various vascular diseases by facilitating the supply of oxygen-rich blood to the heart.
4. Global Health Concern: The increase in cardiovascular diseases globally is expected to be a driving force behind the expansion of the vascular stent market.

Leading Players Steering the Industry

Key Stakeholders

1. Industry Giants: The vascular stent market is shaped by major players such as Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, Biotronik, and B. Braun (B. Braun Melsungen).
2. Diverse Contributions: Other significant contributors include Terumo Corporation, Meril Life Sciences Pvt. Ltd., JOTEC GmbH, W. L. Gore & Associates, Lombard Medical, Microport, Translumina GmbH, Lepu Medical Technology, Philips, Purple Medical Solution Pvt. Ltd., Sahajanand Medical Technologies Pvt. Ltd., Stentys, and Stryker Corporation.

The Technological Wave

Innovations Driving Market Trends

1. Bio-Sensing Devices: Technological advancement emerges as a key trend, with companies investing in bio-sensing devices to enhance the functionality and effectiveness of vascular stents.
2. Cutting-Edge Solutions: Integrated stents and drug-eluting coronary stent systems are gaining popularity, with companies like Translumina launching the VIVO ISAR, a dual drug polymer-free coated stent (DDCS) that combines safety and efficacy seamlessly.
3. Innovative Drug Release: VIVO ISAR utilizes Probucol, an antioxidant and lipid-lowering drug, as a carrier for releasing Sirolimus, creating a polymer-free drug-eluting stent platform with uncompromised safety and efficacy.

Unveiling Market Segmentation

Diverse Dimensions

1. Product Categories: The vascular stent market unfolds across various products, including Coronary Stents, Peripheral Vascular Stents, and Evar Stent Grafts.
2. Types Explored: Bare Metal Stent, Bio-Engineered Stent, Bioresorbable Vascular Scaffold, Drug-Eluting Stent, and Dual Therapy Stent represent the diverse types catering to specific medical needs.
3. Materials Matter: The market is segmented based on materials, with options such as Metallic Stents, Cobalt-Chromium, Platinum-Chromium, Nickel-Titanium, Stainless Steel, and Polymer Stents.
4. Delivery Mechanisms: The mode of delivery is a crucial aspect, with options like Balloon-expandable Stent and Self-expanding Stent providing flexibility in medical interventions.
5. End-User Engagement: The market caters to various end-users, including Ambulatory Surgical Center, Cardiac Center, and Hospital, reflecting the broad application spectrum.

Regional Prowess: North America Takes the Lead

Mapping Market Territories

1. Dominant Region: In 2022, North America asserted its dominance, emerging as the largest region in the vascular stent market share, showcasing its influential role in shaping the industry landscape.

View More On The Vascular Stent Market Report 2023 – https://www.thebusinessresearchcompany.com/report/vascular-stent-global-market-report

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The Vascular Stent Global Market Report 2023  offers a comprehensive overview on the vascular stent market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the vascular stent market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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 Vascular Stent 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

View More Related Reports –
Peripheral Vascular Devices And Equipment Global Market Report 2023
Bioabsorbable Stents Global Market Report 2023
Intracranial Stents Global Market Report 2023

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