(PharmaNewsWire.Com, December 21, 2017 ) Middle East and Africa Vascular Stent Market by Product (Peripheral Stents, Coronary Stents, EVAR Stent Grafts), By Type (Bare-Metal Stents, Drug Eluting Stents, Bio Absorbable Stents), By Mode of Delivery (Self-Expanding Stents, Balloon Expandable Stents), By Material (Metal, Polymer), By End User and By Region – Middle-East and Africa Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
The Middle East and Africa Vascular Stent Market was worth USD 50.58 million in 2016 and is projected to be growing at a CAGR of 8.9%, to touch USD 77.65 million by 2021. Stent is an expandable and tiny mesh made of metals or polymers. An implanted stent stays in the artery permanently, although a blocked stent can be removed by an angiography procedure.
The main purpose of a vascular stent is to provide support in keeping the clogged artery open which leads to a better and increased blood flow to the heart. The unclogged arteries and increased blood flow substantively reduce the probability of a heart attack.
The growth of the Middle East and Africa Vascular Stent Market is driven by increasing use of vascular stents for cardiovascular diseases. This is further supplemented by the increasing preference for stents over other out dated methods which were relatively more invasive. The rising elderly populace in the Middle-East and Africa with the consequently increasing incidence of CVDs, is also a major sponsor of market growth in the region. The restraints faced by the market include the stern regulation guidelines by governmental bodies and a rising number of cases of product failure and recalls.
The Middle East and Africa Vascular Stent Market is segmented on the basis of Product, Type, Mode of Delivery, Material, End User and Geography. Based on the Product, the Vascular Stent market is divided into Peripheral Stents, Coronary Stents, and EVAR Stent Grafts. Based on Type, the Vascular Stent Market is segmented into Bare-Metal Stents, Drug Eluting Stents, and Bio absorbable Stents. On the basis of Mode of Delivery, the market is categorised into Self-Expanding Stents and Balloon Expanding Stents. Further, based on Material, it is divided into Metal and Polymer. On the basis of End User, the market is distributed among Hospitals and Research Institutes.
The market has been geographically segmented into Middle East and Africa. The high occurrence of cases involving cardiovascular diseases are leading to increasing demand for Vascular Stents, which is expected to drive the market growth in the future. Increasing awareness coupled with the increasing preference for vascular stents by consumers as well as surgeons is expected to be a promoter of market growth in the region.
The key players in the Middle-East and Africa Vascular Stent Market are Medtronic, plc (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), W. L. Gore and Associates (U.S.), C. R. Bard (U.S.), Endologix, Inc. (U.S.), Lombard Medical Technologies (U.K.), Translumina GmbH (Germany), and JOTEC GmbH (Germany). About Market Data Forecast: The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
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