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Surgical Stents Market Research Report Based On: Types (Cardiac Stents, Urinary Stents, Biliary Stents, Esophageal Stents, Prostatic Stents, Other), Type Of Materials (Metal, Standard Polymer And Biodegradable Polymer), By Applications (Cardiac Diseases, Urinary Tract Diseases, Other), By End Users (Hospital, Clinics) - Global Forecast Till 2030

ID: MRFR/MED/0538-HCR | 115 Pages | Author: Rahul Gotadki| April 2024

Surgical Stents Market Overview:

The Surgical Stents Market is expected to reach USD 20,437.3 Million by 2030 at 9.8% CAGR during the forecast period 2022-2030.The stent is a small, flexible metal or plastic tube that are inserted into the vessels or duct to keep the passageway open. Different types of materials like metal, standard polymer, and biodegradable polymer are used for the preparation of the surgical stents. According to the WHO (2015), more than 35% of the total global population was suffering from major or minor cardiovascular complications; and in 2014, globally 39% of adults aged 18 years and over were overweight whereas, 13% were obese. Thus, increasing prevalence of diabetes and obesity have increased the risk of urinary tract failure. Major driving factors for the growth of the market: Increasing prevalence of cardiovascular diseases, rising diabetic & obese population and rapid development in the technology. Moreover, rising healthcare expenditure, increasing geriatric population, and changing lifestyle have fueled the growth of the market. However, higher cost of surgeries and risk of infection may hinder the growth of the market during the forecast period 2017-2013.

Study Objectives:

  • Detailed information about the factors affecting the growth of the surgical stents market

  • Detailed analysis of parent market with respect to all the possible segmentation of the market

  • Detailed analysis of emerging key players for the market with their effective strategies

  • Detailed information about the present and forecasted market and factors that influences the global market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the surgical stents market

  • Analysis of the market for different factors like- Price Analysis, Supply Chain Analysis, Porters Five Force Analysis, etc.

  • Detailed information on the possible segments and sub segments of the market and regional analysis of the market

  • Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped

  • Detailed information on trends and the opportunities in various regions

Intended Audience

  • Surgical Stents Manufacturer

  • Surgical Stents Supplier

  • Research and Development (R&D) Companies

  • Independent Research Laboratories

  • Market Research and Consulting Service Providers

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities

Figure 1- Surgical Stents Market, By Application, 2016 (%)

 Surgical Stents Market

Source- Annual reports, press release, white paper, company presentation

Key Players for Surgical Stents Market

Some of the major key player for the market are STI Laser Industries, Ltd (Israel), ELLA - CS, s.r.o. (Czech Republic), Boston Scientific Corporation (US), Laserage Technology corporation (US), amg International GmbH (Germany), Abbott (US), Angiocare (Netherlands), Meril Life Sciences Pvt. Ltd. (India), Elixir Medical Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), B. Braun Melsungen AG (Germany), Medtronic (US), Amaranth Medical, Inc (US), Arterial Remodeling Technologies (US).

Surgical Stents Market Segment Insights

The surgical stents market is segmented into types, type of materials, application, and end users. On the basis of types, the surgical stents market is segmented: cardiac stents, urinary stents, biliary stents, esophageal stents, prostatic stents and other. Cardiac stents are further segmented: self-expanding stents, balloon expanding stents, bio-engineered stents, dual therapy stents, artery stents, drug eluting stents and other. Urinary stents are further segmented: open end stents, double pigtail stents, closed end stents and multi loop stents. On the basis of materials, the market is segmented: metal, standard polymer, and biodegradable polymer. On the basis of applications, the market is segmented into cardiac diseases, urinary tract diseases, and others. On the basis of end users, the market is segmented into hospital, clinics, and others.

Regional Analysis

America dominates the surgical stents market owing to an enormous number of the patient suffering from cardiac and renal diseases. Additionally, well-developed healthcare sector and higher healthcare expenditure have supported the growth of the market in this region. Europe accounts for the second largest market followed by Asia Pacific. Asia Pacific is the fastest growing region in the surgical stents market due to the presence of huge patient population base and rapidly developing economies.

Market Assessment

Surgical Stents Assessment

Source- World Health Organization (WHO), white paper, company presentation, American Heart Association, National Institutes of Health, The National Institute of Diabetes and Digestive and Kidney Diseases, Centres for Disease Control and Prevention, Annual reports

The report for the surgical stents market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected Surgical Stents Market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.

Report Attribute/Metric Details
  Market Size   2030: USD 20,437.3 Million
  CAGR   9.8% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Types, Type Of Materials, Applications and End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   STI Laser Industries, Ltd (Israel), ELLA - CS, s.r.o. (Czech Republic), Boston Scientific Corporation (US), Laserage Technology corporation (US), amg International GmbH (Germany), Abbott (US), Angiocare (Netherlands), Meril Life Sciences Pvt. Ltd. (India), Elixir Medical Corporation (US), F. Hoffmann-La Roche Ltd. (Switzerland), B. Braun Melsungen AG (Germany), Medtronic (US), Amaranth Medical, Inc (US), Arterial Remodeling Technologies (US).
  Key Market Opportunities   Rising healthcare expenditure and increasing geriatric population
  Key Market Drivers ·  Increasing prevalence of cardiovascular diseases·  Rising diabetic & obese population and rapid development in the technology

Frequently Asked Questions (FAQ) :

The Surgical Stents Market would be hampered by the high cost of products.

The end users are clinics, hospitals, and others.

The Americas would dominate the Surgical Stents Market.

The American Surgical Stents Market would gain from high expenditure in the market and well-developed healthcare sector.

The Asia Pacific market would move forward with the fastest CAGR.

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