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Stent Market Introduction

The global stent market has witnessed significant growth in recent years, driven by the increasing prevalence of cardiovascular diseases and the growing adoption of minimally invasive procedures for their treatment. Stents are small, expandable tubes that are used to restore blood flow in narrowed or blocked arteries. They play a crucial role in improving patient outcomes, reducing the need for invasive surgeries, and enhancing the quality of life for individuals with cardiovascular conditions. This report provides a comprehensive analysis of the stent market, including market share insights, size estimations, and a detailed market analysis.

Stent Market Overview

Lucintel finds, the future of the global stent market looks promising with opportunities in the segments of hospital and ambulatory surgical centers. The global stent market is expected to reach an estimated $24.1 billion by 2030, and it is forecast to grow at a CAGR of 4.8% from 2024 to 2030. The major growth drivers for this market are increasing interventional cardiology and peripheral vascular procedures and rising adoption of technological advancements in an effort to reduce treatment duration for high risk conventional surgical patients.

The stent market has experienced significant growth and is expected to continue expanding in the coming years. The market size is influenced by factors such as the increasing incidence of cardiovascular diseases, the aging population, and the growing adoption of minimally invasive procedures.

A total of 83 figures / charts and 74 tables are provided in this 181-page report to help in your business decisions. Sample figures with some insights are shown below. 

Stent Market by Product Type, Material, Technology, and End Use

Emerging Trends in the Stent Market

The stent market encompasses a wide range of products, including coronary stents, peripheral stents, and urological stents, among others. These devices are used in the treatment of conditions such as coronary artery disease, peripheral artery disease, and urinary tract disorders. The market is driven by factors such as the rising global burden of cardiovascular diseases, advancements in stent technology, and the increasing demand for minimally invasive procedures.

Furthermore, the report includes a detailed market analysis of each stent type and material, providing information on technological advancements, market trends, and future growth prospects. It examines the regulatory landscape and clinical guidelines affecting stent usage, along with the impact of emerging trends such as bioresorbable stents, patient-specific stents, and personalized medicine on the market.

Emerging trends which have a direct impact on the dynamics of the market include increasing use of bioreabsorbable stent, increasing adoption of co-polymers as raw materials, and increasing adoption of bifurcated stents.

 

Stent Market by Segments

 

Stent Market by Segments

The stent market report provides a comprehensive analysis of market trends, growth drivers, challenges, and opportunities. It covers various segments of the market, including stent types (coronary, peripheral, urological), materials (metallic, polymer), end-user industries, and geographic regions. The report offers insights into the competitive landscape, profiling key players and their strategies to maintain or improve their market positions. The study includes a trend and forecast for the stent market by product type, material, technology, end use, and region as follows:

Stent Market by Product Type [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

Stent Market By Material [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

  • Metal
  • Polymer

Stent Market By Technology [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

Stent Market by End Use [Value ($ Million)]:

Stent Market by Region [Value ($ Million) and Volume (Million Units) from 2018 to 2030]:

Stent Market Share

The global stent market is witnessing significant growth, driven by the increasing prevalence of cardiovascular diseases and the demand for minimally invasive treatment options. Market share is concentrated among key players, with ongoing investments in research and development to introduce innovative stent designs and technologies. The market size is projected to grow substantially, fueled by factors such as the aging population, advancements in stent materials, and the increasing adoption of minimally invasive procedures.

The market share dynamics within the stent market are evolving, with the emergence of new players and the expansion of local manufacturers in developing regions. Additionally, collaborations between medical device companies and research institutions are driving the development of next-generation stents with improved biocompatibility, enhanced drug delivery capabilities, and reduced rates of restenosis.

Stent Manufacturers

In terms of market share, the stent market is dominated by key players such as Abbott Laboratories, Medtronic plc, Boston Scientific Corporation, Terumo Corporation, and Johnson & Johnson. These companies have established themselves as leaders in the stent industry, offering a diverse portfolio of stent products that cater to the specific needs of patients and healthcare providers. They invest in research and development to introduce innovative designs, materials, and drug-eluting technologies.

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies stent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the stent companies profiled in this report include.

Stent Market Insights

  • Lucintel forecasts that the coronary stent segment will show above average growth during the forecast period due to increasing cases of cardiovascular disorders.
  • Within the global stent market, the drug eluting stent segment will remain the largest market by technology during the forecast period due to low restenosis rate after surgery. Bioreabsorbable stent is expected to witness the highest growth during the forecast period due to its property of getting absorbed in the body.
  • By material, the global stent market is segmented into metal and polymer. The polymer segment is expected to remain the largest segment in the forecast period.
  • North America is expected to remain the largest market during the forecast period mainly due to its well-developed healthcare infrastructure and continued technological advancements across the healthcare industry. 

Features of the Stent Market

  • Market Size Estimates: Stent market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
  • Segmentation Analysis: Stent market size by various segments, such as product type, material, technology, and end use.
  • Regional Analysis: Stent market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different product type, material, technology, end use, and regions for stent market.
  • Strategic Analysis: This includes M&A and competitive landscape for the stent.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Frequently Asked Questions (FAQ)

Q1. What is the market size of stents?
Answer: The global stent market is expected to reach an estimated $24.1 billion by 2030.
Q2. What is the growth forecast for stent market?
Answer: The stent market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the stent market?
Answer: The major growth drivers for this market are increasing interventional cardiology and peripheral vascular procedures and rising adoption of technological advancements in an effort to reduce treatment duration for high risk conventional surgical patients.
Q4. What are the major applications or end use industries for stent?
Answer: Hospital and Ambulatory Surgical Center are the major end use for stent
Q5. What are the emerging trends in stent market?
Answer: Emerging trends which have a direct impact on the dynamics of the market include increasing use of bioreabsorbable stent, increasing adoption of co-polymers as raw materials, and increasing adoption of bifurcated stents.
Q6. Which are the key players in stents market?
Answer: Some of the key stent companies are as follows:

  • Abbott Laboratory
  • Boston Scientific
  • Medtronic public limited company
  • C R Bard
  • Cook Medical Inc.
  • Terumo Corporation
  • Cardinal Health

Q7.Which stent product segment will be the largest in future?
Answer: Lucintel forecasts that the coronary stent segment will show above average growth during the forecast period due to increasing cases of cardiovascular disorders.
Q8. In stent market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region and is expected to witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high-growth opportunities for the stent market by product type (coronary stent and peripheral vascular stent), material (metal and polymer), technology (bare metal stent, drug eluting stent, and bioreabsorbable stent), end use (hospital and ambulatory surgical center), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the stent market?
Q.5 What are the business risks and threats to the stent market?
Q.6 What are emerging trends in this stent market and the reasons behind them?
Q.7 What are some changing demands of customers in the stent market?
Q.8 What are the new developments in the stent market? Which companies are leading these developments?
Q.9 Who are the major players in the stent market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the stent market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the stent market?

 

for any questions related to stent market or related to stent, stent sales, stent companies, top stent companies, stent manufacturers, largest stent companies, stent manufacturer, stent company, stent manufacturing, stent industry, write Lucintel analyst at email: helpdesk@lucintel.com  we will be glad to get back to you soon.

Table of Contents
1.Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1: Macroeconomic Trends and Forecast
3.2: Global Stent Market Trends and Forecast
3.3: Global Stent Market by Product Type
3.3.1: Coronary Stent
3.3.2: Peripheral Vascular Stents
3.4: Global Stent Market by Technology
3.4.1: Bare Metal Stents
3.4.2: Drug Eluting Stents
3.4.3: Bioreabsorbable Stents
3.5: Global Stent Market by Material
3.5.1: Metal
3.5.2: Polymer
3.6: Global Stent Market by End Use
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Stent Market by Region
4.2: North American Stent Market
4.2.1 Market by Product Type: Coronary and Peripheral Vascular Stents.
4.2.2 Market by Technology: Bare Metal, Drug Eluting, and Bioreabsorbable Stents.
4.2.3 Market by Material: Metal and Polymer.
4.2.4 United States Stent Market
4.2.5 Mexican Stent Market
4.5.6 Canadian Stent Market
4.3: European Stent Market
4.3.1 Market by Product Type: Coronary and Peripheral Vascular Stents
4.3.2  Market by Technology: Bare Metal, Drug Eluting, and Bioreabsorbable Stent
4.3.3  Market by Material: Metal and Polymer.
4.3.4 German Stent Market
4.3.5 French Stent Market
4.3.6 United Kingdom Stent Maret
4.4.7 Italian Stent Market
4.4.8 Spanish Stent Market
4.5: APAC Stent Market
4.5.1: Market by Product Type: Coronary and Peripheral Vascular Stents.
4.5.2: Market by Technology: Bare Metal, Drug Eluting, and Bioreabsorbable Stents
4.5.3: Market by Material: Metal and Polymer
4.5.4: Japanese Stent Market
4.5.5: Chinese Stent Market
4.5.6: Indian Stent Market
4.6: ROW Stent Market
4.6.1: Market by Product Type: Coronary and Peripheral Vascular Stents
4.6.2: Market by Technology: Bare Metal, Drug Eluting, and Bioreabsorbable Stents
4.6.3:Market by Material: Metal and Polymer
4.6.4: Brazilian Stent Market
 
5. Competitor Analysis
5.5: Product Portfolio Analysis
5.6: Market Share Analysis
5.7: Operational Integration
5.8: Geographical Reach
5.9: Porter’s Five Forces Analysis
 
6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin
 
7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Stent Market by Product Type
7.1.2: Growth Opportunities for the Global Stent Market by Technology
7.1.3: Growth Opportunities for the Global Stent Market by Material
7.1.4: Growth Opportunities for the Global Stent Market by Region
7.2: Emerging Trends in the Global Stent Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion of the Global Stent Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Stent Market
 
8. Company Profiles of Leading Players
8.1: Abbott Laboratories
8.2: Boston Scientific Corporation
8.3: Medtronic Public Limited Company
8.4: C. R. Bard, Inc.
8.5: Cook Medical Inc.
8.6: Terumo Corporation
8.7: Cardinal Health Inc.
8.8: Stryker Corporation.
8.9: Johnson & Johnson
8.10: Edwards Life Sciences Corporation
 

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83 figures / charts and 74 tables are provided in this 181-page report
Chapter - 1: Executive Summary 4 $ 435
Executive Summary
Chapter - 2: Market Background and Classifications 7 $ 218
Market Background and Classifications
Chapter - 3: Market Trends and Forecast Analysis from 2013 to 2024 64 $ 1,740
Market Trends and Forecast Analysis from 2013 to 2024
Chapter - 4: Market Trends and Forecast Analysis by Region 42 $ 2,248
Market Trends and Forecast Analysis by Region
Chapter - 5: Competitor Analysis 9 $ 725
Competitor Analysis
Chapter - 6: Cost Structure Analysis 3 $ 508
Cost Structure Analysis
Chapter - 7: Growth Opportunities and Strategic Analysis 13 $ 870
Growth Opportunities and Strategic Analysis
Chapter - 8: Company Profiles of Leading Players 11 $ 508
Company Profiles of Leading Players
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.