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

The Business Research Company’s vascular stent market report forecasts the vascular stent market size to grow to to $20.53 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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

Vascular Stent Market Size Forecast
The global vascular stent market is expected to grow from $13.42 billion in 2022 to $14.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vascular stent market is expected to grow to $20.53 billion in 2027 at a CAGR of 8.8%.

North America held the largest vascular stent market share.

Key Vascular Stent Market Driver ­– Rise In The Incidence Of Vascular Diseases
For instance, in 2020, according to the Center for Disease Control and Prevention, a US-based federal agency for national public health, approximately 69,700 people died from heart disease, which is 1 in every 5 deaths in the United States. Therefore, an increase in cardiovascular diseases (CVDs) will drive the growth of the vascular stent market.

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Key Vascular Stent Market Trend – Technological Advancement
Many companies are investing in bio-sensing devices, cutting-edge integrated stents, and drug-eluting coronary stent systems to gain a competitive edge in the market. For instance, in 2022, Translumina, an India-based medical equipment manufacturer launched VIVO ISAR, a latest generation dual drug polymer-free coated stent (DDCS) that brings together a stent with a superior safety profile without compromising the drug release kinetics. It uses Probucol, an antioxidant and lipid-lowering drug, as a carrier for releasing Sirolimus (an anti-restenosis drug), and thus creates a polymer-free DES platform with uncompromised safety and efficacy.

Vascular Stent Market Segment
1) By Product: Coronary Stents, Peripheral Vascular Stents, and 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, Polymer Stents
4) By Mode of Delivery: Balloon-expandable Stent, Self-expanding Stent
5) By End-user: Ambulatory Surgical Center, Cardiac Center, Hospital

Vascular Stent Market Major Players and Strategies
Major players in the vascular stent market are Medtronic Plc., Abbott Laboratories, Boston Scientific Corporation, Biotronik, B. Braun (B. Braun Melsungen), 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.

In 2021, Royal Philips, a Netherlands-based health technology company, acquired Vesper Medical Inc. for an undisclosed amount. With this acquisition, Philips aims to innovate patient treatment with more sophisticated technology and will expand its portfolio of diagnostic, vascular therapy, and therapeutic devices with an advanced venous stent for the treatment of deep venous disease. Vesper Medical Inc. is a US-based medical technology company that develops minimally invasive peripheral vascular devices.

The Vascular Stent Global Market Report 2023 covers regional data on vascular stent market size, vascular stent market trends and drivers, opportunities, strategies, and vascular stent market competitor analysis. 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.

A vascular stent refers to the small metal mesh tubular scaffolds that are used to prevent acute vessel closure and improve blood flow when a vein or artery is too narrow or blocked, resulting in late restenosis in a variety of vessels, such as coronary arteries. The procedure in which these stents are used is known as “vascular stenting.” These stents are placed to widen arteries clogged with deposits and to facilitate fast recovery by reducing the risk of infection and physical trauma.

View More Reports Related To The Vascular Stent Market –
Peripheral Vascular Devices And Equipment Global Market Report 2023
Vascular Grafts Global Market Report 2023
Vascular Endothelial Growth Factor (VEGF) Inhibitor Global Market Report 2023

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