Vascular stents play a crucial role in treating arterial stenosis, a condition characterized by the narrowing of blood vessels. These small tubular scaffolds are employed to prevent acute vessel closure and reduce the risk of restenosis in various vessels, including coronary arteries. The global vascular stent market is projected to reach USD 10,984.67 million by 2026, with a CAGR of 6.68% during the forecast period of 2020-2026. The market’s growth is primarily driven by factors such as the increasing number of angioplasty procedures, the rising burden of vascular diseases, and the growing geriatric population.
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The vascular stent market is categorized based on product, type, application, and region. Product-wise, the market includes Coronary Stents, Peripheral Vascular Stents, Carotid Artery Stents, and Renal Artery Stents. In terms of type, vascular stents are classified as Bare Metal Stents (BMS), Bioabsorbable Stents (BAS), Covered Stents, and Drug Eluting Stents (DES). The application segment comprises Hospitals and Ambulatory Surgery Centers (ASCs). Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA).
The market research report focuses on analyzing key stakeholders in the vascular stent market. Some of the leading companies profiled in the report include Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, Cardinal Health, Inc., Cook Group Incorporated, Getinge AB, Kyoto Medical Planning Co., Ltd., Lepu Medical Technology (Beijing) Co., Ltd., Medtronic plc, MicroPort Scientific Corporation, Sahajanand Medical Technologies Pvt. Ltd., Terumo Corporation, and W. L. Gore & Associates, Inc. Please note that this list is not exhaustive, and a complete list of companies can be obtained by requesting a free sample.
By Product:
- Coronary Stents
- Peripheral Vascular Stents
- Carotid Artery Stents
- Renal Artery Stents
By Type:
- Bare Metal Stents (BMS)
- Bioabsorbable Stents (BAS)
- Covered Stents
- Drug Eluting Stents (DES)
By Application:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
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The regional analysis covers North America, Asia-Pacific, Europe, Middle East & Africa, and South America. Revenue growth is forecasted at the global, regional, and country levels from 2020 to 2026, considering regions such as North America (including the U.S., Canada, and Mexico), Asia-Pacific (including China, Japan, India, South Korea, Australia, Indonesia, Taiwan, Thailand, and others), Europe (including Germany, UK, France, Italy, Russia, Spain, and others), Middle East & Africa (including Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, and others), and South America (including Brazil, Argentina, Colombia, Chile, Venezuela, Peru, and others).
The study’s base year is 2019, and the forecasts extend until 2026.
Research Objectives:
- To analyze and forecast the market size of the global vascular stent market.
- To classify and forecast the global vascular stent market based on product, type, application, and region.
- To identify the drivers and challenges for the global vascular stent market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the global vascular stent market.
- To conduct pricing analysis for the global vascular stent market.
- To identify and analyze the profiles of leading players operating in the global vascular stent market.
Key target audience are:
Manufacturers of vascular stent
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to vascular stent
PESTEL Analysis
Political Factors
- Political factors assess the potential impact of government policies and stability on an organization or a specific industry.
- This includes examining political policies, trade regulations, fiscal policies, and taxation policies.
Economic Factors
- Economic factors directly influence the economy and its performance, which in turn affect the organization’s profitability.
- These factors encompass interest rates, employment and unemployment rates, raw material costs, and foreign exchange rates.
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Social Factors
- Social factors focus on the social environment and identify emerging trends.
- Understanding consumer needs and wants within a social context is crucial for marketers.
- Factors in this category include changing family demographics, education levels, cultural trends, attitude changes, and shifts in lifestyles.
Technological Factors
- Technological factors consider the pace of technological innovation and development that can impact a market or industry.
- This involves changes in digital or mobile technology, automation, research and development.
- It’s important to not only focus on digital advancements but also new methods of distribution, manufacturing, and logistics.
Environmental Factors
- Environmental factors relate to the surrounding environment and the ecological impact.
- As Corporate Sustainability Responsibility (CSR) and sustainability gain importance, organizations need to consider these factors in their business operations.
- This includes climate, recycling practices, carbon footprint, waste disposal, and sustainability efforts.
Legal Factors
- Legal factors require organizations to understand the legal requirements and restrictions in the territories they operate in.
- It is crucial to stay updated on changes in legislation and how they may impact business operations.
- Factors include employment legislation, consumer laws, health and safety regulations, international regulations, and trade restrictions.
SWOT analysis:
Strengths:
- These are the internal positive attributes and resources that give an advantage over others. It could be expertise, unique skills, valuable assets, strong brand reputation, or a dedicated team.
Weaknesses:
- These are internal factors that put the entity at a disadvantage compared to others. Weaknesses might include inadequate resources, lack of expertise in certain areas, or inefficient processes.
Opportunities:
- These are external factors that could be favorable to the entity. Opportunities might arise from market trends, technological advancements, changes in regulations, or new partnerships.
Threats:
- These are external factors that could harm the entity’s performance or stability. Threats might – come from competitors, economic downturns, changing consumer preferences, or disruptive technologies.
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