Vascular Stent Market size and Competetive Dynamics, 2018-2023

Posted by miky santhosh on August 27th, 2018

Market Overview:

In the year 2018 Global Vascular Stent Market was valued at USD 14.98 billion. By the year 2023, it is predicted to reach USD 22.11 billion with pace of 8.1% CAGR.

Vascular stent is a small wire net tube which is implanted into arteries, blood vessels or other hollow structure to open the blockage of vessels. The method for placement of vascular stent into body is called as vascular stenting. These stents are mainly used to open narrowed vessels and reduce the chance of a heart attack or chest pain in the human body.        

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Factors affecting market growth:

• Growing geriatric population across the world. (+)
• Rising prevalence of chronic diseases and other diseases. (+)
• Increasing healthcare expenditure globally. (+)
• Increasing demand for adoption of minimally invasive surgeries worldwide. (+)
• Technological advancement in vascular stents like drug eluting and drug coated stents. (+)
• High cost involved in the vascular stents treatment. (-)
• Availability of alternative therapies like angioplasty and others therapies. (-)

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NTYS SA (France), and MicroPort Scientific Corporation (China).