Arterial Stents Market is Anticipated to Reach a Value of US$ 17.8 Bn by 2025

Global Arterial Stents Market: Overview

Choc-o-bloc with small regional as well as large global players, the global market for arterial stents is highly fragmented. In order to thrive in such a fragmented competitive landscape, big ticket players are seen banking upon effective clinical trials to come up with better products. Despite, involved regulatory approvals, they are charging ahead. A noticeable trend in the market is the usage of nickel titanium alloys and other alloys to build new and better products. Savvy players are also seen collaborating with regulatory agencies in order to further gain a foothold in the market.

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Global Arterial Stents Market: Key Trends

Acting as tailwinds to the global market for arterial stents is the rising occurrence of arterial issues, including atherosclerosis. Arterial stents are seeing their popularity grow by the day because of their efficiency in tackling coronary and peripheral artery diseases and also because of the rising knowledge about such minimally invasive methods to open up arteries that carry blood in the human body. Launch of more cutting-edge arterial stents every now and then is proving beneficial for the market too. However, despite so many drivers, the market is being prevented from achieving its full potential because of the dearth of advanced healthcare institutions and highly-skilled interventional cardiologists in developing nations.

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The arterial stents being sold in the market can be broadly classified into peripheral stents and coronary stents. The peripheral stents mostly comprise of balloon-expanding stents, self-expanding stents, and others such as drug-eluting stents and covered stents. The coronary stents, on the other hand, consist of bare metal stents, bioresorbable stents, drug-eluting stents, and others such as covered stents and dual-therapy stents. Between coronary and peripheral stents, the former has been grossing most of the revenue on the back of unique products, namely bioresorbable stents highly preferred by interventional cardiologists. Another hit product making significant revenues is drug-eluting stent. Peripheral stents, going forward however, are predicted clock greater growth.

Application-wise, the key segments of the global market for arterial stents market are iliac artery, coronary artery, femoral and popliteal artery, and carotid artery, among others such as renal and biliary artery, below-the knee artery, etc.

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Global Arterial Stents Market: Regional Outlook

From a geographical standpoint, Europe accounts for a dominant share in the market for arterial stents mainly because of many prominent manufacturers being domiciled in the nations of the U.K. and Germany. Strong uptake of minimally invasive surgeries in the region has also helped its market. While Europe region takes the lead when it comes to market share, Asia Pacific surpasses others vis-à-vis growth rate. Highly populous, fast expanding economies of China and India, seeing large scale upgrading of their healthcare sector, are mainly said to be powering the growth in Asia Pacific.

Global Arterial Stents Market: Competitive Dynamics

Some of the prominent participants in the global market for arterial stents are Medtronic, Abbott Laboratories, Cordis Corporation, C.R. Bard Inc., Boston Scientific Corporation, Gore Medical, Cook Medical, Lifetech Scientific, Biosensors International Group Ltd., and BIOTRONIK AG.

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