(PharmaNewsWire.Com, December 21, 2017 ) North-America 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 – North America Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The North America Vascular Stent Market was valued at USD 4.10 billion in 2016 and is expected to be growing at a CAGR of 8.3%, to touch 6.11 billion by 2021. Vascular stenting comprises the employment of a minor mesh wire tube inside the blood vessel to help keep it open. Furthermore, the technique is way less intrusive than other available surgical procedures for the treatment of Cardio Vascular Diseases (CVD), and does not require the usage of general anaesthesia.
The crucial function of a vascular stent is to help in keeping the congested artery open which results in an enhanced and improved blood flow to the heart. The clean arteries and enriched blood flow significantly reduce the odds of a heart attack.
The growth of the North American Vascular Stent Market is mainly driven by the demand by consumers to choose vascular stents as an alternative to available surgical procedures such as bypass surgeries, owing to the lower invasiveness of the procedure. This is further complimented by the increasing choice of cardiovascular surgeons to use vascular stents in treating CVDs. Other factors promoting market growth include the increasing incidence of cardiovascular ailments, the growing elderly populace and also, the advance of bioreabsorbable stents. The market faces some constraints such as cases of product recalls and failures, and strict regulations regarding the use of stents by government agencies.
The North America 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 North American market has been geographically segmented into segmented into US and Canada. North America took the major chunk of the Global Vascular Stent Market share in 2016, with the United States accounting for the major share in the region. Swift introduction of new vascular stent procedures driven by the increasing demand for their implementation, owing to the significantly lower invasiveness of the procedure are driving the North American Vascular Stent Market. The presence of major global market players in North America is also a contributor for market growth in this region.
The important players in the North America 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).
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