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Global Vascular Stents Market: By Type: Coronary Stents, Peripheral Vascular Stents, Evar Stent Grafts, Others; By Material: Metallic Stents, Others; By Mode of Delivery; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Vascular Stents Market Outlook

The global vascular stents market size reached a value of almost USD 9 billion in the year 2019. The vascular stents industry is further expected to grow at a CAGR of 5.5% between 2020 and 2025 to reach a value of almost USD 12.4 billion by 2025.

The global vascular stents market is driven by increasing preference for minimally invasive (MI) procedures all over the world. North America is the leading market for vascular stents in the world. This can be ascribed to rising obesity, changing food consumption patterns, and a rise in smoking and alcohol consumption across the region.

 

Properties and Applications

Vascular diseases are those diseases that are caused by abnormalities in blood vessels that result in blockage or damage. Some of the common vascular diseases include abdominal aortic aneurysm (AAA), peripheral arterial disease (PAD), coronary heart disease, and carotid artery disease (CAD). 

The market is divided on the basis of type into:

  • Coronary Stents
  • Peripheral Vascular Stents
  • EVAR Stent Grafts
  • Others

Currently, the coronary type represents the most extensively used product type in the market.

On the basis of material, the market is segmented into:

  • Metallic 
  • Others

Metallic stents are further divided on the basis of type into cobalt chromium, platinum chromium, nickel titanium, and stainless steel.

On the basis of mode of delivery, the market is bifurcated into:

  • Balloon-Expandable 
  • Self-Expanding 

At present, balloon-expandable stents account for the majority of the total market share.

On the basis of end-uses, the market is divided into:

  • Hospitals and Cardiac Centres Ambulatory Surgical Centres

Out of these, hospitals and cardiac centres hold the dominant market share.

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The global vascular stents market is driven by the rising geriatric population across the globe. In addition to this, the rising incidences of coronary artery disease have led to the growing need for heart stent surgeries. This can be attributed to unhealthy eating habits, lack of physical activity, and the increased intake of alcohol, particularly among the young population. Moreover, the growing preference for minimally invasive (MI) procedures is also providing impetus to the market growth as they ensure a fast recovery. The vascular stents market is further supported by several factors such as minimised bleeding, low risk of infection, and low cost of the product in comparison to conventional surgical methods.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global vascular stents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Abbott Laboratories  
  • Boston Scientific Corporation  
  • Biotronik, Inc.
  • MicroPort Scientific Corporation
  • B. Braun Melsungen AG
  • Terumo Corporation
  • Meril Life Sciences Pvt. Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Vascular Stents Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Vascular Stents Historical Market (2015-2019) 
    8.3    Global Vascular Stents Market Forecast (2020-2025)
    8.4    Global Vascular Stents Market by Type
        8.4.1    Coronary Stents
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Peripheral Vascular Stents 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Evar Stent Grafts
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    Others
    8.5    Global Vascular Stents Market by Material
        8.5.1    Metallic Stents 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
            8.5.1.4    Breakup by Type
                8.5.1.4.1    Cobalt Chromium
                    8.5.1.4.1.1    Historical Trend (2015-2019)
                    8.5.1.4.1.2    Forecast Trend (2020-2025)
                8.5.1.4.2    Platinum Chromium 
                    8.5.1.4.2.1    Historical Trend (2015-2019)
                    8.5.1.4.2.2    Forecast Trend (2020-2025)
                8.5.1.4.3    Nickel Titanium
                    8.5.1.4.3.1    Historical Trend (2015-2019)
                    8.5.1.4.3.2    Forecast Trend (2020-2025)
                8.5.1.4.4    Stainless Steel 
                    8.5.1.4.4.1    Historical Trend (2015-2019)
                    8.5.1.4.4.2    Forecast Trend (2020-2025)
    8.5.2    Others
    8.6    Global Vascular Stents Market by Mode of Delivery
        8.6.1    Balloon-Expandable Stents
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Self-Expanding Stents
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
    8.7    Global Vascular Stents Market by End Use
        8.7.1    Hospitals and Cardiac Centres
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Ambulatory Surgical Centres
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
    8.8    Global Vascular Stents Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Market (2015-2019)
        9.3.2    Market Forecast (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players’ Market Share
    13.3    Company Profiles
        13.3.1    Abbott Laboratories
            13.3.1.1    Company Overview
            13.3.1.2    Company Description
                13.3.2    Boston Scientific Corporation
            13.3.2.1    Company Overview
            13.3.2.2    Company Description
        13.3.3    Biotronik, Inc.
            13.3.3.1    Company Overview
            13.3.3.2    Company Description
        13.3.4    MicroPort Scientific Corporation
            13.3.4.1    Company Overview
            13.3.4.2    Company Description
        13.3.5    B. Braun Melsungen AG
            13.3.5.1    Company Overview
            13.3.5.2    Company Description
        13.3.6    Terumo Corporation
            13.3.6.1    Company Overview
            13.3.6.2    Company Description
        13.3.7    Meril Life Sciences Pvt. Ltd.
            13.3.7.1    Company Overview
            13.3.7.2    Company Description
        13.3.8    Others
14    Industry Events and Developments


List of Figures and Tables

1.    Global Vascular Stents Market: Key Industry Highlights, 2015 and 2025
2.    Global Vascular Stents Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Vascular Stents Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Vascular Stents Historical Market: Breakup by Material (USD Billion), 2015-2019
5.    Global Vascular Stents Market Forecast: Breakup by Material (USD Billion), 2020-2025
6.    Global Vascular Stents Historical Market: Breakup by Mode of Delivery (USD Billion), 2015-2019
7.    Global Vascular Stents Market Forecast: Breakup by Mode of Delivery (USD Billion), 2020-2025
8.    Global Vascular Stents Historical Market: Breakup by End Use (USD Billion), 2015-2019
9.    Global Vascular Stents Market Forecast: Breakup by End Use (USD Billion), 2020-2025
10.    Global Vascular Stents Historical Market: Breakup by Region (USD Billion), 2015-2019
11.    Global Vascular Stents Market Forecast: Breakup by Region (USD Billion), 2020-2025
12.    North America Vascular Stents Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    North America Vascular Stents Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Europe Vascular Stents Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Europe Vascular Stents Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Asia Pacific Vascular Stents Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Asia Pacific Vascular Stents Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Latin America Vascular Stents Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Latin America Vascular Stents Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Middle East and Africa Vascular Stents Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Middle East and Africa Vascular Stents Forecast: Breakup by Country (USD Billion), 2020-2025
22.    Global Vascular Stents Market Structure

Key Questions Answered in the Report

In 2019, the global vascular stents market attained a value of nearly USD 9 billion. 

The market is projected to grow at a CAGR of 5.5% between 2020 and 2025.

The market is estimated to grow in the forecast period of 2020-2025 to reach about USD 12.4 billion by 2025. 

The major drivers of the industry, such as increasing demand for minimally invasive surgeries, growing geriatric population, increased prevalence of coronary artery diseases, and increasing consumption of alcohol, particularly among the young population, are expected to aid the market growth.

The key market trends guiding the growth of the vascular stents market include growing technological advancements and the low cost of the product than conventional surgical procedures.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest market share. 

The coronary stents segment is the leading product-type of vascular stents in the industry. 

The major material-types available in the industry are metallic stents and others, where the former segment includes materials like cobalt chromium, platinum chromium, nickel titanium, and stainless steel. 

The balloon-expandable stents segment is the leading mode of delivery in the industry. 

The hospitals and cardiac centres segment is the leading end-use segment of vascular stents.

The major players in the industry are Abbott Laboratories, Boston Scientific Corporation, Biotronik, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, and Meril Life Sciences Pvt. Ltd., among others.

Analyst Review

The global vascular stents market attained a value of USD 9 billion in 2019, driven by the rising incidences of coronary artery diseases among the growing geriatric population, coupled with the increased demand for minimally invasive surgeries. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.5%. The market is projected to reach USD 12.4 billion by 2025.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product-types, the vascular stents industry can be segmented into coronary stents, peripheral vascular stents, EVAR stent grafts, and others, with coronary stents accounting for the largest market share. On the basis of material, the industry is divided into metallic stents and others. On the basis of mode of delivery, the industry can be categorised into balloon-expandable and self-expanding stents. On the basis of end-use sectors, the industry is bifurcated into hospitals and cardiac centres and ambulatory surgical centres, where hospitals and cardiac centres segment accounts for the leading share in the industry. The major regional markets for vascular stents are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Abbott Laboratories, Boston Scientific Corporation, Biotronik, Inc., MicroPort Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, and Meril Life Sciences Pvt. Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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