The global stents market is experiencing significant growth, driven by the increasing prevalence of cardiovascular diseases (CVDs), technological advancements, and rising geriatric populations. Stents are small, expandable tubes used to treat narrowed or weakened arteries in the body. The market encompasses various types of stents, including coronary, peripheral, and neurovascular stents. With continuous innovation and government initiatives to improve healthcare infrastructure, the demand for stents is expected to rise.
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The global stents market is projected to grow at a CAGR of X.X% from 2024 to 2032. This growth is fueled by increased adoption of minimally invasive procedures, higher incidences of cardiovascular and neurovascular diseases, and a growing preference for bioresorbable and drug-eluting stents.
A stent is a small mesh-like tube inserted into a blood vessel, artery, or other hollow structure to keep it open. Stents are commonly used to treat conditions such as atherosclerosis, peripheral artery disease (PAD), coronary artery disease (CAD), and aneurysms. They can be made from materials such as metal alloys, polymers, or bioresorbable substances.
Coronary Stents: Used to treat coronary artery disease and improve blood flow to the heart.
Peripheral Stents: Deployed in peripheral arteries to prevent blockages in areas such as the legs.
Neurovascular Stents: Used for the treatment of aneurysms and other cerebrovascular conditions.
Bioresorbable Stents: Designed to dissolve over time, reducing long-term complications.
Metallic Stents (Bare-Metal and Drug-Eluting Stents)
Polymeric Stents
Bioresorbable Stents
Balloon-Expandable Stents
Self-Expanding Stents
Hospitals
Ambulatory Surgical Centers (ASCs)
Specialty Clinics
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Increasing Prevalence of Cardiovascular Diseases
Cardiovascular diseases remain the leading cause of death globally. The growing aging population and rising cases of obesity and hypertension are major contributors to this trend.
Advancements in Stent Technology
Innovations such as drug-eluting stents (DES), biodegradable stents, and bioresorbable scaffolds have improved patient outcomes, reducing the risks of restenosis and thrombosis.
Rising Preference for Minimally Invasive Surgeries
Minimally invasive techniques reduce hospital stays, recovery times, and associated costs, making stent placement an attractive option for patients and healthcare providers.
Government Initiatives and Healthcare Expenditure
Government efforts to enhance cardiovascular care infrastructure and increased healthcare spending are propelling the market forward.
Growing Demand for Bioabsorbable Stents
The shift towards bioresorbable stents, which naturally dissolve over time, reduces long-term risks and is gaining popularity.
High Cost of Advanced Stents
Drug-eluting and bioresorbable stents are expensive, limiting access for lower-income populations and emerging markets.
Stringent Regulatory Approvals
The complex approval process for new stent technologies can delay market entry and increase development costs.
Risk of Stent-Related Complications
Though advanced, stents still carry risks such as restenosis, thrombosis, and allergic reactions, which may limit their adoption.
Alternative Treatment Options
Non-stent treatments such as medication, lifestyle changes, and alternative surgical procedures can pose challenges to market growth.
Cardiology (Coronary Artery Disease)
Coronary stents are widely used to open blocked arteries and restore normal blood flow to the heart.
Peripheral Artery Disease (PAD)
Peripheral stents help prevent limb amputation by improving blood circulation in affected areas.
Neurovascular Disorders
Neurovascular stents are used in treating stroke and aneurysms, preventing severe brain damage.
Urology and Gastroenterology
Stents are also used to open blocked bile ducts, ureters, and other bodily passageways.