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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.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.
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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.
Stents are medical devices that may be permanently placed into the artery or narrow blood vessels to help it to remain open and functional. Vascular stents are commonly placed as part of peripheral artery angioplasty. Stents are made up of metal mesh and fabric. Fabric stents also called as stent grafts and are widely used in larger arteries. There are two types of stents such as covered stents and bare stents (wire mesh).
The vascular stents market is expected to witness significant growth in the years to come. This growth is mainly attributed to increasing geriatric population. The global demand for minimally invasive surgeries is increasing due to the rising awareness about the benefits of minimally invasive such as; less damage to human tissue and less bleeding. This surgery is becoming more and more common in hospitals. Thus, increasing demand for minimally invasive surgery is further expected to boost the demand for vascular stents over the next few years. 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.
Several types of vascular stents such as fem-pop artery stents, iliac artery stents, renal artery stents, carotid artery stents and others are available for the different indication. In terms of revenue, iliac artery accounted for over 35% share of the total market in 2015. The largest artery in the body is separated into the common iliac artery. Lower Extremity Arterial Disease (LEAD) is a highly prevalent disease affecting more than 202 million people across the globe. Internal Iliac Artery Stenosis (IIAS) is one of the localization of LEAD. Thus, the iliac artery is expected to exhibit witness noticeable growth within the forecast period. Fem-pop artery stents was another key outlet of this market and are expected to witness significant growth in the years to come.
In terms of revenue, North America held the largest share of global vascular stents market and is set to continue its dominance in the world marketplace within the forecast period. Europe was the second largest regional market and is expected to show strong growth in the years to come. Increasing 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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[wptab name=’Table of content’]
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Vascular Stents – Industry Analysis
Chapter 4. Competitive Landscape
Chapter 5. Vascular Stents Market – Product Segment Analysis
Chapter 6. Vascular Stents Market – Regional Analysis
Chapter 7. Middle East and Africa
Chapter 8. Company Profiles
Chapter 9. Patents
List of Figures
1. Market Research Process
2. Market Research Methodology
3. Global Vascular Stents Market, 2015 – 2021 (USD Million)
4. Classification of Vascular Stents Market
5. Prevalence of PAD (%) by Age Group (years)
6. Regional Shares of World Population
7. Aging Population (% of Population Over Age 65)
8. Porter’s Five Forces Analysis for Vascular Stents Market
9. Market Attractiveness Analysis by Product
10. Market Attractiveness Analysis by Regional Segment
11. Global Vascular Stents Market : Company Market Share, 2015
12. Number of Patent (2011 – 2016)
13. Patent Share by Geography, 2011 – 2016
14. Patent Share by Company between 2011 – 2016
15. Global Vascular Stents Market, by Product, 2015 & 2021
16. Global Fem-Pop Artery Stents Market, 2015 – 2021 (USD Million)
17. Global Iliac Artery Stents Market, 2015 – 2021 (USD Million)
18. Global Renal Artery Stents Market, 2015 – 2021 (USD Million)
19. Global Carotid Artery Stents Market, 2015 – 2021 (USD Million)
20. Global Other Vascular Stents Products Market, 2015 – 2021 (USD Million)
21. Global Vascular Stents Market Revenue Share, by Region, 2015 & 2021
22. North America Vascular Stents Market, 2015 – 2021 (USD Million)
23. Europe Vascular Stents Market Revenue, 2015 – 2021 (USD Million)
24. Asia Pacific Vascular Stents Market, 2015 – 2021 (USD Million)
25. Latin America Vascular Stents Market, 2015 – 2021 (USD Million)
26. Middle East and Africa Vascular Stents Market, 2015 – 2021 (USD Million)
List of Tables
1. Global Vascular Stents Market: Snapshot
2. Drivers of the Vascular Stents Market: Impact Analysis
3. Restraints for the vascular stents market: Impact Analysis
4. North America Vascular Stents Market Revenue, by Product, 2015 – 2021 (USD Million)
5. Europe Vascular Stents Market Revenue, by Product, 2015 – 2021 (USD Million)
6. Asia Pacific Vascular Stents Market Revenue, by Product, 2015 – 2021 (USD Million)
7. Latin America Vascular Stents Market Revenue, by Product, 2015 – 2021 (USD Million)
8. Middle East and Africa Vascular Stents Market Revenue, by Product, 2015 – 2021 (USD Million)
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