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 gaining significant attention from the healthcare and medical device industries. Balloon-expandable stents are widely used in treating coronary artery diseases, providing critical support to arteries after angioplasty. The growing demand for minimally invasive surgeries and the increasing prevalence of cardiovascular diseases are driving the market forward. South Korea's healthcare industry has been a key player in this advancement, with significant investments in technology, innovation, and patient care. The market’s growth is supported by continuous research and development, enhancing the stents' effectiveness and ease of use.
One of the major factors propelling the demand for balloon-expandable vascular stents in South Korea is the country's aging population. As individuals age, the likelihood of heart-related conditions increases, prompting a greater need for effective stent treatments. South Korea, with its advanced medical infrastructure and healthcare system, is well-positioned to meet the rising demand. Additionally, the country’s medical tourism sector has contributed to the growth of the balloon-expandable vascular stent market, attracting patients from neighboring regions seeking top-tier medical procedures.
Industries involved in the production of balloon-expandable vascular stents are increasingly focusing on innovation. Manufacturers are integrating advanced materials, such as bioresorbable polymers and coatings, to enhance the stents' performance, durability, and biocompatibility. These materials offer long-term benefits to patients, including reduced risk of restenosis and improved healing times. Furthermore, the development of drug-eluting balloon-expandable stents has become a significant trend in the market, as these stents help reduce the chances of blood vessel re-narrowing.
The demand for balloon-expandable vascular stents is not just limited to coronary artery disease treatment. There is also growing use in peripheral artery diseases, which affect the legs and other vital areas of the body. This expansion in application is expanding the market's scope, encouraging collaboration between medical professionals and device manufacturers to improve patient outcomes. With the rise of telemedicine and the shift toward personalized healthcare, the balloon-expandable vascular stent market is expected to experience further growth in South Korea's healthcare ecosystem.
South Korea’s balloon-expandable vascular stent market also benefits from the nation's strong regulatory environment and support for medical research. The market's future is bright as advancements in stent technology and surgical techniques continue to enhance treatment options and provide better patient outcomes. With the healthcare industry pushing boundaries, balloon-expandable vascular stents are poised to become an integral part of South Korea's medical treatment landscape.
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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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