Arterial Stent Market was valued at USD 7.5 Billion in 2022 and is projected to reach USD 10.6 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030.
In this period, key market players invested heavily in R&D to improve stent design, material durability, and biocompatibility. This includes the introduction of drug-eluting stents (DES) and bioresorbable stents that offer better outcomes for patients with reduced risks of restenosis. The emergence of minimally invasive procedures in stent implantation has further driven market growth, as these procedures are associated with shorter recovery times and fewer complications compared to traditional open surgery. Furthermore, the shift towards outpatient settings has also played a role in the growing accessibility of these medical treatments.
Fast forward to the period from 2023 to 2033, and the demand for arterial stents is expected to experience a substantial increase, fueled by advancements in technology, a growing aging population, and improving healthcare access in emerging economies. As healthcare systems become more focused on preventative care, there is a shift toward early detection of cardiovascular diseases, leading to an increase in the number of patients requiring stent implants. The growing emphasis on precision medicine and personalized treatments is expected to revolutionize the arterial stent market, with stents becoming more tailored to individual patient needs.
As of 2023, the market is poised for a growth trajectory that sees a forecasted CAGR of 6-7% over the next decade. One of the key driving forces behind this is the increasing number of interventional cardiologists, improvements in imaging technologies, and a broader acceptance of endovascular treatments. Furthermore, the cost-effectiveness of stent procedures compared to traditional surgery makes them an appealing option for both patients and healthcare providers alike.
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The arterial stent market has experienced significant shifts from 2018 to 2022, marked by a steady rise in demand, innovation, and medical advancements. During this period, the global healthcare industry saw the growing importance of stent procedures in treating cardiovascular diseases, particularly coronary artery disease (CAD). The increasing prevalence of lifestyle-related health conditions such as obesity, diabetes, and hypertension has directly impacted the market's growth, creating a greater need for medical interventions like stent implantation. The global market for arterial stents saw an annual growth rate of 4-5%, with the North American region leading in both demand and market share, followed by Europe and Asia-Pacific.
Abbott Laboratories
Cordis Corporation
Boston Scientific Corporation
C.R. Bard Inc.
Cook Medical
Medtronic
Gore Medical
Lifetech Scientific
Biosensors International Group Ltd.
Biotronik AG
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 Global Arterial Stent Market
Iliac Artery
Carotid Artery
Coronary Artery
Femoral & Popliteal Artery
Other
Based on Types the Market is categorized into Below types that held the largest Arterial Stent market share In 2023.
Coronary Stents
Peripheral Stents
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Arterial 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. Global Arterial Stent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Arterial Stent Market, By Type
6. Global Arterial Stent Market, By Application
7. Global Arterial Stent Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Arterial Stent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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