Global Arterial Stents Market Forecast Highlights Key Growth Drivers and Trends through 2025

Arterial stents are small, metal mesh tubes designed to expand within coronary arteries, restoring blood flow in patients suffering from conditions such as atherosclerosis. As the prevalence of cardiovascular diseases rises globally, the arterial stents market is experiencing significant growth. This growth is further fueled by the adoption of advanced stent technologies, including bioresorbable stents, and the increasing preference for minimally invasive procedures.

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Market Growth Projections

A report by Transparency Market Research (TMR) estimates that the global arterial stents market, valued at USD 8 billion in 2016, will grow at a compound annual growth rate (CAGR) of 9.5%, reaching USD 17.8 billion by 2025. Several factors contribute to this robust growth, including:

• Rising Incidence of Cardiovascular Diseases: The increasing prevalence of artery blockages, hypertension, and obesity are key drivers of market demand.
• Technological Advancements: Innovations in stent design, such as drug-eluting and bioresorbable stents, are enhancing patient outcomes and fueling market growth.
• Shift Toward Minimally Invasive Surgery (MIS): Growing preference for MIS techniques, which offer faster recovery and reduced hospital stays, is bolstering the adoption of arterial stents.

Regional Market Dynamics

The global arterial stents market is segmented into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

1. Europe: In 2016, Europe held the largest market share, driven by the presence of leading stent manufacturers in countries like Germany and the U.K. The high volume of minimally invasive surgeries in the region has also contributed to its market dominance.
2. Asia Pacific: This region is expected to lead the market during the forecast period, with the highest CAGR. Factors such as substantial investments in healthcare modernization in India and China and increasing awareness of cardiovascular disorders are driving growth.
3. North America: The region is projected to grow at a significant pace due to the adoption of advanced stent technologies and rising incidences of cardiovascular diseases.
4. Latin America and the Middle East & Africa: These regions are anticipated to witness steady growth, supported by expanding healthcare access and initiatives to combat cardiovascular diseases.

Segment Analysis

The arterial stents market is categorized by product type, application, and region:

By Product Type

• Coronary Stents: This segment accounted for the largest revenue share in 2016. The demand for drug-eluting stents, which incorporate anti-restenosis materials, is particularly high, driving growth in this segment.
• Peripheral Stents: Expected to grow at a higher CAGR than coronary stents during the forecast period, thanks to increasing awareness of peripheral artery disorders and the introduction of stents designed for femoral and popliteal arteries.

By Application

• Coronary Artery: This segment dominated the market in 2016 and is expected to maintain its lead through 2025 due to the widespread adoption of coronary stents.
• Femoral & Popliteal Artery: Anticipated to register the highest CAGR during the forecast period, driven by advancements in stent technology and increased access to these treatments.

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Challenges and Opportunities

Despite the promising growth trajectory, the global arterial stents market faces certain challenges:

• Lack of Well-Equipped Healthcare Infrastructure: In developing countries, limited access to high-quality healthcare facilities and skilled interventional cardiologists may hinder market growth.
• Impact of COVID-19: While the pandemic has increased the demand for arterial stents due to a rise in hospitalizations, it has also strained healthcare systems, potentially limiting the availability of stent procedures in some regions.

On the positive side, ongoing research and development, as well as strategic collaborations and acquisitions by market players, are expected to drive innovation and market expansion.

Key Market Players

Prominent companies in the arterial stents market include:

• Abbott Laboratories
• Cordis Corporation
• Medtronic
• BIOTRONIK AG
• Biosensors International Group Ltd
• Cook Medical
• Gore Medical
• Lifetech Scientific

These players are focusing on enhancing stent effectiveness and expanding their global footprint through partnerships and acquisitions.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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