Global Vascular Stents Market 2017-2021

Overview of the global vascular stents market

Minimally invasive procedures such as vascular stenting are gaining popularity because they facilitate fast recovery by reducing the risk of infection and physical trauma. Technavio’s market research report identifies that this rising demand for minimally invasive (MI) procedures will be one of the primary growth drivers for the global vascular stents market till 2021. Several healthcare providers are adopting MI vascular stenting procedures because they involve lower cost, shorter hospital stay, greater comfort, and quicker convalescence. This in return, is encouraging patients to choose minimally invasive procedure over conventional heart stent procedure. Furthermore, medical centers in the US are increasingly focusing on gaining precision in surgeries by developing advanced techniques in intraoperative imaging. This in turn, will assist physicians to perform the vascular stent procedure with greater accuracy. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The vascular stents market is witnessing growth in the Americas due to the rising incidence of diseases such as coronary artery disease (CAD), cardiovascular disease (CVD), stroke, and peripheral artery disease (PAD). The prevalence of vascular diseases in the region is increasing due to the increased BP, smoking, lack of physical activity, obesity, and diabetes. This in turn, will boost the need for heart stent surgery in the healthcare industry. Manufacturers are developing advanced stents to improve the quality of life, reduce hospitals stays, and offer better patient healthcare benefits.

Competitive landscape and key vendors