South Korea Self-Expanding Carotid Stent Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea self-expanding carotid stent market is experiencing significant growth due to an increasing demand for advanced medical devices aimed at treating carotid artery diseases. These stents play a crucial role in preventing strokes by improving blood flow to the brain, particularly in patients with narrowed carotid arteries. As South Korea's healthcare infrastructure continues to evolve, the demand for innovative medical technologies is expected to rise, making the self-expanding carotid stent market a focal point for both healthcare providers and medical device manufacturers.
Self-expanding carotid stents are devices that can automatically expand to fit the artery once they are placed. This feature makes them highly effective in treating carotid artery stenosis. The device is designed to provide long-term stability and minimize the chances of restenosis, a recurring narrowing of the artery. As the population ages, the prevalence of vascular diseases increases, which directly impacts the market for such devices in South Korea.
From an industrial perspective, the self-expanding carotid stent market in South Korea is heavily influenced by the growing demand from hospitals and specialized clinics. These institutions are actively seeking the latest technologies to offer better patient outcomes, particularly in high-risk surgeries. Additionally, the government’s emphasis on advanced healthcare solutions, such as non-invasive treatments, is expected to push the growth of the stent market further.
In terms of requirements, the market demands stents that not only offer high performance but also ensure ease of use for medical professionals. Manufacturers need to provide stents that are durable, reliable, and compatible with a wide range of patient anatomies. Furthermore, there is a significant push for stents that reduce the need for prolonged hospital stays and minimize post-operative complications.
Industry players must also keep in mind the importance of regulatory approval and adherence to the stringent medical device standards set by South Korean authorities. As competition intensifies, companies are increasingly focused on integrating advanced materials and improving the delivery systems for carotid stenting procedures.
The growing awareness among the population regarding the risks of cardiovascular diseases also plays a key role in driving demand. With an aging demographic and a high rate of lifestyle-related diseases, South Korea's healthcare market is likely to see sustained growth in the self-expanding carotid stent sector. Both healthcare providers and medical device manufacturers are gearing up to meet these demands with cutting-edge solutions tailored to the evolving needs of patients and clinicians alike.
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Abbott
Boston Scientific
Cordis
Medtronic
Silk Road Medical
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 Self-Expanding Carotid Stent Market
Self-Expanding Metal Stents
Bespoke Stents for Complex Anatomies
Coated Stents (Drug-Eluting Stents)
Bio-absorbable Stents
Stainless Steel
Nickel-Titanium Alloy
Coated Polymers
Other Biocompatible Materials
Carotid Artery Stenosis
Transitional Ischemic Attack (TIA)
Cerebral Ischemic Events
Other Neurological Disorders
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialized Cardiology Clinics
Academic and Research Institutions
Traditional Carotid Angioplasty and Stenting (CAS)
Robotic-Assisted Stenting Procedures
Thrombectomy-Assisted Technology
3D Imaging and Navigation Techniques
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Self-Expanding Carotid 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 Self-Expanding Carotid Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Self-Expanding Carotid Stent Market, By Type
6. South Korea Self-Expanding Carotid Stent Market, By Application
7. South Korea Self-Expanding Carotid Stent Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Self-Expanding Carotid Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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