Stents Market Size By Product (Vascular Stents [Coronary Stents {Bare Metal Stents, Drug Eluting Stents, Bioresorbable Stents}, Peripheral Stents {Iliac Stents, Femoral-Popliteal Stents, Renal Stents, Carotid Stents}, Neurovascular Stents], Non-vascular S

Stents Market Size By Product (Vascular Stents [Coronary Stents {Bare Metal Stents, Drug Eluting Stents, Bioresorbable Stents}, Peripheral Stents {Iliac Stents, Femoral-Popliteal Stents, Renal Stents, Carotid Stents}, Neurovascular Stents], Non-vascular Stents), By Material (Metal, Polymer), By Type, (Self-expandable Stents, Balloon-expandable Stents), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Australia, Singapore, Brazil, Mexico, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

The stents market is projected to foresee commendable growth in coming years owing to rising prevalence of cardiovascular disorders. According to WHO, approximately 17.9 million people die each year from cardiovascular diseases accounting for nearly 31% of all deaths across the globe. Increasing product usage across hospitals and ambulatory surgical centers is also expected to boost the product demand over the coming years.

A stent is referred as a tiny tube which can play a major role for the treatment of heart diseases. It aids in keeping arteries, the blood vessels which transfer blood from heart to other body parts, such as the heart muscle itself to open. A stent thus acts as a scaffold efficiently holding bodily tubes wide open. Physicians might also insert stents in other parts of the body mainly to support blood vessels in the ducts or brain carrying bile and urine.

These are made of either plastic or mesh and are permanent. While some of them are made from fabric material. These are referred as stents grafts and are quite often utilized for larger arteries. Other stents are made of a material which dissolves and which the human body absorbs over the time period. These stents can further be coated with medicine to aid in keeping a blocked artery from being closed.

The stents market is bifurcated into various segments in terms of product, material, type, end-use, and regional landscape.

Based on product, the overall market is divided into non-vascular stents and vascular stents. Among these, non-vascular stents segment will hold a dominant industry share over the coming time period. In 2019, the segment valued at more than $920.9 million.

With respect to material, the stents market is classified into polymer and metal. Among these metal stents segment is expected to reach a valuation of approximately $11.4 billion by the end of the analysis time period.

Based on type, the stents market is segmented into self-expandable stents and balloon-expandable stents. The balloon-expandable stent segment is anticipated to show significant growth of 3.7% over the forecast time period. This type of stent is specifically designed for treating restenosis in the iliac artery mainly by clogged arteries opening as well as restoring blood flow. These stents also give support to the artery after angioplasty procedure.

In terms of end-use, the overall stents market is categorized into ambulatory surgical centers, hospitals, and others. In 2019, ambulatory surgical centers accounted for an overall market share of around 20.2% and is estimated to showcase similar growth patterns over the coming years.

From a regional frame of reference, in 2019, Latin America stents market accounted for a market share of 4.8% and will continue to exhibit similar growth trend over the coming years. Meanwhile, stents market in Middle East & Africa is anticipated to show steady growth of 4.1% over the analysis time period.