Zion Research has published a new report titled “Vascular
Stents Market (Fem-Pop Artery Stents, Iliac Artery Stents, Renal Artery Stents,
Carotid Artery Stents and Others): Global Industry Perspective, Comprehensive
Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”.
According to the report, global vascular stents
market was valued at USD 2,907.1 million in 2015 and is expected to
generate revenue of USD 4,230.0 million by end of 2021, growing at a CAGR of
6.5% between 2015 and 2021.
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Stents are medical devices designed to temporary or
permanently placed into the artery or narrow blood vessels to help it to remain
open and functional. Stents are made up of fabric and metal mesh. Fabric stents
also called as stent grafts and are widely used in larger arteries. There are
two types of stents including wire mesh and covered stents.
The vascular stents market is mainly driven by rapid growth
in aging population coupled with high demand for minimally invasive surgeries
across the globe. According to a study of World Health Organization (WHO), the
number of aged people between 65 to 80 years is projected to increase from over
600 million to 2 billion by 2050. In addition, increasing prevalence of
cardiovascular diseases further propels the growth of vascular stents market.
More than million people died from cardiovascular disease (CVD) in 2008 and the
number is estimated to reach 23.3 million by 2030, according to WHO. Moreover,
the rising awareness about the benefits of minimally invasive such as less
damage to human tissue and less bleeding is further expected to boost the
market growth in the near future. However, the high cost of the vascular stent
may hamper the market growth within the forecast period. Nonetheless,
technological advancement to provide innovative products is anticipated to open
up new growth avenues in the coming years.
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Based on products, the vascular stents market can be
segmented into fem-pop artery stents, iliac artery stents, renal artery stents,
carotid artery stents and others. Iliac artery was the leading segment and it
accounted for more than 35% share of total revenue generated in 2015. The
main artery in the body is separated into the iliac artery. Lower extremity
arterial disease (LEAD) is a prevalent disease affecting around 202 million
people worldwide. Internal Iliac Artery Stenosis (IIAS) is one of the
localization of LEAD. Thus, the iliac artery is anticipated to witness the
fastest growth over the next few years. Fem-pop artery stents were second
largest segment and are expected to show exponential growth in the coming
years. Renal artery stents, carotid artery stents, and other products also play
an important role in this market.
North America dominated the market with over 39% share of
total revenue generated in 2015. Europe was another key regional market and is
expected to show substantial growth within the forecast period. Rapid growth in
aging population has driven a steady increase in the number of patients
requiring treatment for peripheral vascular lesions in the U.S. Asia Pacific
accounted more than 20% share of the total market in 2015 and is expected to
witness the fastest growth in the near future due to increasing aging
population coupled with rising health awareness.
Major market players for vascular stents include: Cordis
Corporation (U.S.), Boston Scientific Corporation (U.S.), C.R. Bard, Inc.
(U.S.), Cook Medical (U.S.) and W.L. Gore & Associates (U.S.) and Abbott
Vascular, Inc. (U.S.)
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This report segments the vascular stents market as follows:
Vascular Stents Market: Product Segment Analysis
·
Fem-pop artery
stents
·
Iliac artery stents
·
Renal artery
stents
·
Carotid artery stents
·
Others
Vascular Stents Market: Regional Segment Analysis
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East &
Africa
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