Market Research Report
Global Stent Market, By Type of Product (Vascular Stent and Non Vascular Stent), By Material, By Type, By End User By Region, Competition, Forecast & Opportunities, 2026
|Global Stent Market, By Type of Product (Vascular Stent and Non Vascular Stent), By Material, By Type, By End User By Region, Competition, Forecast & Opportunities, 2026|
Published: March 1, 2021
Content info: 114 Pages
Delivery time: 2-3 business days
Global Stent Market, By Type of Product (Vascular Stent (Coronary Vascular Stent, Peripheral Vascular Stent, Neurovascular Stent) and Non Vascular Stent), By Material (Metallic Biomaterial, Polymeric Biomaterial and Natural Biomaterials), By Type (Self-Expandable and Balloon-Expandable), By End User (Hospital & Clinics, Ambulatory Care Centers and Others) By Region, Competition, Forecast & Opportunities, 2026.
The global stent market is expected to witness a significant growth of USD25869.21 million by 2026, with a CAGR of 7.92% during the forecast period owing to spike in the number of cardiovascular surgeries around the world coupled with the growing adoption of minimally invasive techniques. The increase in adoption of sedentary lifestyle and growing consumption of suboptimal diets are also acting as stimulating factors for the global stent market growth. Moreover, increasing advances in the field of interventional cardiology and introduction of innovative technologies are anticipated to fuel the market growth in coming years.
A stent is basically a tiny tube that is inserted into a blocked passageway to keep it open. It restores the flow of blood or other fluids, depending on where it is placed. Stents can be very useful to prevent aneurysms from rupturing in the brain, aorta, or other blood vessels of a human body. With the increasing number of people being diagnosed with coronary heart diseases, the global stent market is predicted to grow substantially during the forecast period. However, complications relating to stent implantation are expected to hamper the market growth.
Global stent market can be segmented based on product type, material type, type, end user and region. Based on product type, the market can be segmented into vascular stents (coronary vascular stents, peripheral vascular stents and neurovascular stents) and non-vascular stents. Among them, coronary vascular stents accounted for the largest market share in 2020 and non vascular stents are expected to grow the fastest during the forecast period owing to increasing number of percutaneous coronary intervention (PCI) procedures. According to material type, metallic biomaterials are the dominating type because of their maximum use in the base structure. However, polymeric biomaterials are expected to grow in the near future. Based on the stent type, balloon-expandable stents are the most widely used. According to the end user, hospitals and clinics dominate the market owing to the maximum surgical stenting operations taking place.
Regionally, Asia Pacific is anticipated to witness the fastest growth through 2026 owing to a large patient pool suffering from cardiovascular disorders. Also, governments in various economies are taking initiatives to provide affordable treatment options, which is anticipated to drive the growth of the global stent market in the region.
Major companies operating in the global stent market include Boston Scientific Corporation, Abbott Laboratories, Inc., Medtronic PLC, B. Braun Melsungen AG, Becton, Dickinson, and Company, Stentys S.A., Biotronik SE & Co. KG, Elixir Medical Corporation, MicroPort Scientific Corporation and Terumo Corporation. The market players are adopting growth strategies such as new product launches, mergers and acquisitions to strengthen their position in the global market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of major diagnostic players and hospital chains operating across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research.
TechSci Research calculated the market size of the global stent market using a bottom-up approach, wherein data for various end user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as stent manufacturing companies, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, the global stent market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Coronary Vascular Stents
Non Vascular Stents
Peripheral Vascular Stents
Hospitals & Clinics
Ambulatory Care Centres
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in the global stent market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: