Global Stents Market Size By Stent Type (Vascular Stent, Non-Vascular Stent), By Material (Metal, Polymer), By End User (Hospitals And Clinics, Ambulatory Surgical Centers), By Geographic Scope And Forecast

Stents Market Size And Forecast

Stents Market size was valued at USD 8.41 Billion in 2021 and is projected to reach USD 12.82 Billion by 2030, growing at a CAGR of 4.17% from 2023 to 2030.

The increasing prevalence of chronic cardiovascular diseases across the globe is one of the key factors that is driving the growth of the market. Furthermore, the increasing geriatric population is also one of the primary key factors that significantly contributed to the growth of the market. The Global Stents Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Stents Market Definition

Imagine a tiny little mesh tube, that's a stent! Doctors use it to prop open passageways inside your body, like arteries that have become too narrow or weak. You'll often hear about them being used for coronary arteries – those important blood vessels that feed your heart with oxygen-rich blood. Getting a stent put in is called "stenting." One of the main reasons for using stents is to clear a blockage caused by plaque. Now, plaque is a sticky mix of fat, cholesterol, and other stuff floating around in your blood. This gunk can build up on the artery walls, narrowing the space and making it harder for blood to flow. Over time, this plaque build-up can lead to coronary heart disease.

Eventually, if plaque builds up, you might start noticing things like chest pain, which is a warning sign. And if it's not treated, you could be facing serious problems like a stroke or even a heart attack. That's why doctors use a stent, like a tiny scaffold, to prop open the artery and keep it from getting blocked or too narrow so blood can flow freely. You've got different kinds of stents out there. Most are made from a plastic or metal mesh, kind of like a little cage. But for bigger arteries, they use something called a stent graft, which is made of fabric. Plus, some stents are coated with medications that help prevent the artery from closing up again.

Global Stents Market Overview

Wow, the global stents industry has really taken off lately! A big reason why? The sad reality of more and more people dealing with Cardiovascular diseases (CVDs). It's a serious issue, with the World Health Organization reporting that CVDs are the number one killer worldwide, causing around 17.9 million deaths annually. For those at high risk of heart attack or stroke, stents are now essential tools for treating blocked arteries. Plus, with the rise of both cardiovascular surgeries and less invasive procedures, the market is getting an extra boost!

In addition to this, the rising development of innovative and groundbreaking stent technologies is anticipated to offer various potential opportunities in the market over the forecast period. However, the stringent government regulation present in the market for the approval and launch of stents in the market is one of the key factors which could hinder the growth of the market over the forecast period. Furthermore, the high cost of stents is also one of the primary factors that is limiting the growth of the market.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Stents Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Stents Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Stents MarketSegmentation Analysis

The Global Stents Market is Segmented on the basis of Stent Type, Material, End User, and Geography.

Stents Market, By Stent Type

• Vascular Stent
• Non-Vascular Stent

Based on Stent Type, the market is segmented into Vascular Stent and Non-Vascular Stent. The vascular stent segment accounted for the largest market share in the year 2021. This is mainly due to the rising number of stent implantation to treat Cardiovascular diseases (CVDs) across the globe. Furthermore, the growing geriatric population is also significantly driving the implantation of vascular stents. These types of stents are generally used for treating narrowed coronary arteries that provide the heart with oxygen-rich blood.

Stents Market, By Material

• Metal
• Polymer

Based on Material, the market is segmented into Metal and Polymer. The metal segment held the major market share in the Global Stents Market in 2021. The development of bare metal stents is one of the major development relatives of balloon angioplasty in the management of symptomatic coronary artery disease. In addition to this, the rising demand for metal stents over polymer stents is also fueling the growth of the market.

Stents Market, By End User

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Others

Based on End User, the market is segmented into Hospitals and Clinics, Ambulatory Surgical Centers, and Others. The hospitals and clinics segment held the largest market share in the year 2021. The rising adoption of stents in hospitals is propelling the growth of the market. In addition to this, ambulatory Surgical centers are anticipated to grow at the highest CAGR over the forecast period. This is mainly owing to the increasing number of minimally invasive surgeries related to the stent implant across the globe.

Stents Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Looking at the regions, the global stents market is divided into North America, Europe, Asia Pacific, and everywhere else. North America currently leads the pack, holding the biggest slice of the market. This is largely thanks to having a bunch of major players in the U.S. and Canada. Plus, with heart issues on the rise, especially Cardiovascular diseases (CVDs), more folks in the U.S. are turning to stents. But hold on, because Asia Pacific is expected to grow the fastest! More people are becoming aware of Cardiovascular diseases (CVDs) there, which is really helping things along. And let's not forget Europe – they held a pretty significant market share in 2021 too. The older population there is growing, and that's definitely fueling the stents market. You can learn more here.

Key Players

The “Global Stents Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abbott, Boston Scientific Corporation, Cook Medical, B. Braun Melsungen AG, STENTYS SA, BIOTRONIK SE & Co. KG, Medtronic plc, MicroPort Scientific Corporation, C. R. Bard, Inc., and Terumo Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, Abbott announced the launch of Xience Skypoint stents, the only drug-eluting stents (DES) approved in the U.S. that enable physicians to deliver advanced technology to patients with larger blood vessels.
• In January 2022, Cook Medical announced that the company has received FDA breakthrough designation for its drug-eluting stent for below the knee.
• In September 2021, BIOTRONIK announced that the company has received U.S. Food and Drug Administration (FDA) approval for its Orsiro Mission bioabsorbable polymer drug-eluting stent system (BP-DES).
• In August 2022, Medtronic announced today that it has launched its newest drug-eluting coronary stent, the Onyx Frontier drug-eluting stent (DES), following recent CE Mark approval.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

We'll dig deep, looking at the market from every angle, using both money stuff and things that aren't about money to understand how it's split up. We'll give you the lowdown on market values (in USD Billion!) for each piece of the market. Plus, we'll point out which region and segment are expected to grow like crazy and be the top dogs. We'll break down each region, showing you how much of the product/service they use and what's making the market tick there. Think of it as a geographic deep dive. We'll also map out the competitive scene, showing you who's on top, new service/product launches, partnerships, expansions, and acquisitions from the last five years for all the companies we profile. Speaking of companies, we'll give you detailed profiles, including an overview, insights, product comparisons, and a SWOT analysis of the major players. We'll also provide both a present and future outlook on the industry, highlighting recent happenings, like growth opportunities, drivers, and the challenges facing both new and established markets. To really get into the nitty-gritty, we'll use Porter's five forces to analyze the market from all sides, providing key insights through the Value Chain. Finally, we'll look at market dynamics, along with upcoming growth opportunities. Oh, and don't forget, you get 6 months of analyst support after you buy!

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