The global vascular stents market is growing exponentially over the past few years. The market growth is majorly driven by the rising prevalence of cardiovascular diseases led by the sedentary lifestyle and high consumption of junk food. Besides, heady lifestyles with rising anxiety & stress levels mirror the growing landscape of the market. Additionally, growing awareness about the availability of vascular stent grafting procedures is accelerating market growth.
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Market Overview
The global vascular stents market is growing exponentially over the past few years. The market growth is majorly driven by the rising prevalence of cardiovascular diseases led by the sedentary lifestyle and high consumption of junk food. Besides, heady lifestyles with rising anxiety & stress levels mirror the growing landscape of the market. Additionally, growing awareness about the availability of vascular stent grafting procedures is accelerating market growth.
Rapid innovations in stenting technologies and increasing preference for minimally invasive surgeries push the market growth up. The introduction of robotically assisted surgeries such as coronary artery bypass, valvuloplasty, and valvular replacement, acts as a key driving force for the growth of the market. Additionally, the growing geriatric population is anticipated to fuel market growth.
Global Vascular Stents Market – Segments:
MRFR has segmented the report into four main dynamics to widen the scope of understanding,
By Type : Coronary Stents, Peripheral Stents, and Evar Stent Grafts.
By Material : Metallic Stents, Platinum Chromium, Cobalt-Chromium, Nickel-Titanium, Stainless Steel, Ceramics Stents, and Polymers Stents.
By End-user : Hospitals, Cardiac Centers, and Ambulatory Surgical Centers.
By Regions : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.
Major Players
Players leading the global vascular stent market include B. Braun Melsungen AG (Germany), Abbott Laboratories (US), Medtronic Plc (Ireland), Terumo Corporation (Japan), Boston Scientific Corporation (US), Biotronik Se & Co. Kg (Germany), Cook Medical (US), Microport Scientific Corporation (China), Vascular Concepts (India), C. R. Bard (US), Stentys S A (France), Meril Life Sciences (India), W. L. Gore & Associates (US), and Cordis Corporation (US), among others.
Global Vascular Stents Market – Competitive Analysis
The optical vascular stents market appears to be fiercely competitive and fragmented, with several well-established players forming a competitive landscape. To gain a larger market share, players adopt strategic approaches such as mergers & acquisitions, collaborations, expansion, and new technologies/product launches. High growth opportunities demonstrated by the market attract several new entrants, which further intensifies the market competition. Players also make substantial investments in R&D to develop advanced technologies and devices with unique features.
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Industry/Innovation/Related News:
November 20, 2019 — Terumo Corporation (Japan), a leading global medical device company, announced its plans to acquire Aortica Corporation (the US), a leading company dedicated to advancing the science of personalized vascular therapy. Terumo will drive the development activities for Aortica’s products to sell them in the US, Europe, Japan, and other areas. Expected to close within 2019, the transaction would not impact Terumo’s business performance of the fiscal year ending March 31, 2020.
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