San Francisco, California, March 12, 2018: A recent market study by TMR Research, titled, “Vascular Stent Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017–2025,” finds that savvy players in the market are focusing hard on product development to improve sales and revenues. This is has resulted in many new innovative products being launched at regular intervals. The global market for vascular stent is receiving a major boost on account of it, along with the rising occurrence of peripheral vascular disease (PVD), also known as peripheral artery disease (PAD). The latter driver for the market is mainly owing to the burgeoning geriatric population worldwide.
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Providing headwinds to the otherwise promising market growth, on the other hand, is the steep cost of vascular stents. However, with thrust on customized stents has opened up new avenues for growth in the market. Apart from that, effective and accurate imaging techniques is also acting as a catalyst for the market.
From a geographical standpoint, the global market for vascular stents at present is led by North America. The growth in the region is mainly powered by the U.S. which has a large patient pool due to a massive elderly population. Asia Pacific is another key region, which is being driven by the rapid uptake of cutting edge technologies for healthcare in the region. Besides, low manufacturing costs and rising instances of cardiovascular diseases in the region, coupled with numerous manufacturers of vascular stents being domiciled there is also augmenting growth in the market.
Some of the prominent participants in the global market for vascular stents are Vascular Concepts, MicroPort Scientific Corporation, B. Braun Melsungen AG, Medtronic, plc, Lombard Medical Technologies, Meril Life Sciences Pvt. Ltd., Abbott Laboratories, and Associates, and Boston Scientific Corporation.