Vascular stents are tiny wire mesh tubes made up of metal or plastic mesh like materials and are placed into blood vessels, arteries or other hollow structures to open narrowed vessels and reduce the chances of chest pain or heart attack. The process for placement of vascular stent into a body is known as vascular stenting. Globally, development of efficient and advanced technology, rise in the awareness among people regarding vascular stenting, increasing government initiatives across the globe, growing number of patients suffering from cardiovascular disease, and rising demand for minimally invasive surgeries are the prime growth drivers of the vascular stents market. In addition, an increase in adoption of vascular stents in emerging economies such as China, India and others, will create new opportunities for the vascular stents market. However, higher cost of research and development, higher cost of vascular stents, and availability of alternative therapies such as angioplasty and others are the key restraints for the vascular stents market.
Geographically, North America dominated the vascular stents market, because of the growing number of patients suffering from cardiovascular diseases, high medical reimbursement facilities, and technological advancement. Asia Pacific is projected to have the fastest growth, owing to a rapidly increasing aging population, rise in consumer awareness, increasing healthcare expenditure favourable government policies, modernization of healthcare infrastructure, and growing medical tourism industry in developing nations such as China, and India in this region. Among all the material, metal stents has the highest market share in the vascular stents market.
This report identifies the vascular stents market size for the years 2014-2016, and forecast of the same till the year 2022. It also highlights the market drivers, restraints, growth indicators, challenges, and other key aspects with respect to the vascular stents market.
This report segments the vascular stents market on the basis of material, and regional market as follows:
- The report has focused study on vascular stents market on the basis of material such as: Metal Stents, Standard Polymeric Stents, and Biodegradable Polymeric Stents
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the vascular stents market. Some of the major companies’ profiles in detail are as follows:
- Goodman Co. Ltd.
- InnoCore Technologies BV.
- Boston Scientific Corporation
- MicroPort Scientific Corp.
- Reva Medical Inc.