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Vascular and NonVascular Stents Global Market Forecast To 2021 [Report Updated: 13102015] Prices from USD $4500

12:56 EDT 18 Aug 2017 | BioPortfolio Report Blog

Stents are devices used in the body for treating weak or narrow blood vessels caused due to plaque formation. Stents helps in improvement of the blood flow and prevents the blood vessels from bursting. The global stents market is segmented based on the types, applications, materials, coatings, and geography. Based on the types, the stents are divided into bare metal stents, drugeluting stents and bioresorbable stents. By applications, the stents are divided into two segments as vascular and nonvascular stents. Vascular stents are further classified into coronary stents and peripheral stents. Peripheral stents are lower extremity iliac stents, neurovascular stents and renal artery stents. Neurovascular stents sub segmented into carotid stents and intracranial stents. Nonvascular stents are divided into gastrointestinal, airway, urology and ophthalmology other stents. Gastrointestinal stents are further segmented into pancreatic biliary, esophageal, colorectal and duodenal stents. Urology stents are further segmented into ureteral urethral stents and prostate stents. Depending on its materials, there are Metals and Polymers. Metals are segmented as cobaltchromium, nickeltitanium, platinumchromium, stainless steel and others whereas polymers are segmented as durable polymer and bioabsorbable polymers. Based on the coating, there are coated stents and noncoated stents. Coated stents are further segmented into inorganic, polymer, polymerfree and other coated stents. Polymer coated stents subdivided into nonbiodegradable polymer and biodegradable polymer coated stents. Geographical wise stents market segmented into North America, Europe, AsiaPacific and Rest of the world RoW.
Among the stents by type, drugeluting stents occupied the largest share in 2014 and bioresorbable stent segment is the fastest growing segment from 2014 to 2021. Based on applications, vascular stents hold the major share in 2014 and which is again the fastest growing segment at mid single digit CAGR from 2014 to 2021. Based on materials, metals occupied the largest share of 90.3% in 2014 and polymers segment is the fastest growing segment from 2014 to 2021. In case of coatings, coated stents occupied the largest share in 2014 and which is also expected to grow at high single digit CAGR offrom 2014 to 2021. Similarly by geographies, North America holds the major share of 42.3% among the geographies due to the introduction of new technologies by leading players, growing awareness and increased prevalence of arterial diseases and Asia is the fastest growing segment from 2014 to 2021 due to government initiatives for modernization of healthcare infrastructure, and increasing focus of both international and domestic players on the stents market.
The stents market is expected to grow steadily from 2014 to 2021. The factors driving the growth of this market are increasing incidence of metabolic diseases, advancement in technology, raising old age population, preference for minimally invasive solution and rise in vascular procedures. In addition to this, improving modalities of stent placements, stent adaptation in emerging regions, wide usage of stents and improvement in stent design and customized stents are some of the opportunities that are propelling the growth of the market. However, slashing prices of stents, side effects associated with stents and less adoption and long term efficacy of novel technologies are hampering the growth of the market. The threats for the stents market include reduced reimbursement, alternative procedures and stringent regulations for stent approval and medical tax.
The global stents market is a highly competitive market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the stents market are Abbott laboratories U.S., B.Braun Germany, Biosensors Singapore, Boston scientific U.S., Cordis Corporation U.S., Medtronic Ireland, Olympus Japan, Microport China, Terumo Japan, Biotronik Germany Cook Medical U.S and C.R.Bard U.S..

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