South Korea Balloon-expandable Vascular Stent Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The South Korea Balloon-expandable Vascular Stent Market has been growing steadily, driven by the increasing demand for minimally invasive procedures and advancements in medical technology. Balloon-expandable vascular stents are widely used in the treatment of various cardiovascular diseases, providing an effective solution for patients with blocked arteries. These stents are designed to be expanded within the blood vessels using a balloon catheter, offering an effective method for restoring blood flow.
The Balloon-expandable Vascular Stent Market in South Korea is driven by the rising prevalence of cardiovascular diseases and the country’s focus on improving healthcare infrastructure. With a high demand for medical devices that can ensure quicker recovery and minimal post-operative complications, these stents have gained significant traction among healthcare professionals. The government’s support for healthcare innovation and the introduction of cutting-edge technologies in the medical field have further fueled the market’s growth.
The market is segmented based on type, with stents available in a variety of sizes and materials, such as stainless steel and cobalt-chromium alloys. These stents cater to the diverse needs of patients, from those requiring basic support to those needing more specialized solutions. The requirement for balloon-expandable stents is growing rapidly in hospitals, surgical centers, and cardiovascular clinics, which are increasingly turning to these devices to treat a range of vascular conditions.
Moreover, South Korea's sophisticated medical industry is attracting major global players in the vascular device market. As a result, a variety of advanced balloon-expandable stents are now available to meet the increasing demand. This market is further supported by a rise in patient awareness, coupled with advancements in medical technology, driving the requirement for high-quality, reliable stent products.
The market’s future prospects are further influenced by growing collaborations between local manufacturers and global medical device companies. This synergy is fostering the development of innovative stent technologies and contributing to the continuous expansion of the Balloon-expandable Vascular Stent Market in South Korea.
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Medtronic
plc (Ireland)
Abbott Laboratories (U.S.)
Boston Scientific Corporation (U.S.)
BIOTRONIK SE & Co. KG (Germany)
B. Braun Melsungen AG (Germany)
Terumo Corporation (Japan)
STENTYS SA (France)
MicroPort Scientific Corporation (China)
Meril Life Sciences Pvt. Ltd. (India)
Vascular Concepts (India)
W. L. Gore and Associates (U.S.)
C. R. Bard (U.S.)
Endologix
Inc (U.S.)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Balloon-expandable Vascular Stent Market
Self-expanding Stents
Balloon-expandable Stents
Stainless Steel
Cobalt Chromium Alloys
Nickel Titanium Alloys
Polymer-based Stents
Slotted Tube Stents
Wire Stents
Coronary Artery Disease (CAD)
Peripheral Artery Disease (PAD)
Carotid Artery Stenting
Renal Artery Stenting
Hospitals
Ambulatory Surgical Centers
Clinics
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Balloon-expandable Vascular Stent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Balloon-expandable Vascular Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Balloon-expandable Vascular Stent Market, By Type
6. South Korea Balloon-expandable Vascular Stent Market, By Application
7. South Korea Balloon-expandable Vascular Stent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Balloon-expandable Vascular Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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