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

The vascular stents market is highly fragmented due to the presence of major players. These vendors are increasingly competing against each other based on factors such as pricing, product differentiation, and distribution partnerships. Other players have a limited product portfolio and are confined to a particular region. Large vendors are trying to increase their global footprint and are also adopting acquisitions or partnerships with regional players to enhance their geographical reach.

Key vendors in this market are -

• Abbott
• Boston Scientific
• Cardinal Health
• Cook Medical
• Medtronic

Other prominent vendors in the market include B. Braun, Biosensors International, BIOTRONIK, Fortimedix Surgical, InspireMD, lepumedical, Meril Life Sciences, MicroPort Scientific, Neovasc,  SORIN GROUP, Terumo Medical, and W. L. Gore & Associates.

Segmentation by product and analysis of the vascular stents market

• Peripheral vascular stents
• Coronary stents

The coronary stent segment includes bare metal stents (BMS), drug-eluting stents (DES), and bioresorbable stents (BRS). The adoption rate of DES is increasing because clinical research laboratories have performed clinical studies to prove the long-term effects, safety, and efficacy of DES. The market segment will grow from 2017 to 2021 due to the increasing number of cardiac cases, which in turn, will boost the adoption rate of cardiac stent. Additionally, the adoption of BMS is increasing also due to its affordable cost in comparison to DES and BRS.

Segmentation by end-user and analysis of the vascular stents market

• Hospitals
• Ambulatory surgery centers (ASC)
• Physicians' clinics

Hospitals are the major centers for performing coronary intervention procedures. A large number of patients in the US prefer hospitals over other healthcare centers because hospitals adopt the same day discharge process for patients after percutaneous coronary intervention (PCI) procedure. The number of PCIs performed in the hospitals have increased exponentially in the past two decades according to the National Center for Biotechnology Information (NCBI).

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global vascular stents market?
• What are the key market trends impacting the growth of the global vascular stents market?
• What are the challenges to market growth?
• Who are the key vendors in the global vascular stents market?
• What are the market opportunities and threats faced by the vendors in the global vascular stents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global vascular stents market?

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