Emphasis on Product (Carotid Self-expanding Stents, Gastrointestinal Self-expanding Stents, Endovascular Self-expandable Stents, and Others); Application (Fem-Pop Artery, iliac Artery, Carotid Artery, Biliary, and Other); End User (Hospitals, Ambulatory Surgical Centers, and Others), and Region/Country
The Self-expandable Stents Market was valued at USD 3,200 Million in 2022 and is expected to grow at a CAGR of around 7.5% from 2023-2030. Self-expandable stents are medical devices used primarily in the field of interventional cardiology and vascular surgery to treat narrowed or blocked blood vessels. Self-expandable stents find widespread application in various medical conditions, including Peripheral Arterial Disease (PAD), Coronary Artery Disease (CAD) etc. and increasing incidence of these complications is driving the growth of the market. For Instance, as per the data of Centers for Disease Control and Prevention, about 6.5 million people with age more than 40 years are currently living with PAD.
Some of the major players operating in the market include Boston Scientific Corporation, Medtronic, Cordis, Cook Medical, Biotronik, Inc., Abbott, BD Interventional, Merit Medical Systems, Inc., Terumo Corporation, and Veryan Medical.
Insights Presented in the Report
“Amongst Products, the Carotid self-expanding Stents is expected to held largest share during the forecast period.”
Based on the product, the market is segmented into Carotid Self-expanding Stents, Gastrointestinal Self-expanding Stents, Endovascular Self-expandable Stents, and Others. The carotid self-expanding stents segment held the largest market share in 2022. Rising incidence of coronary artery disorders such as carotid artery stenosis etc. is acting as one of the major driver for the market.
“Amongst Application, the Carotid Artery segment is expected to grow with highest CAGR.”
On the basis of application, the market is categorized into Fem-Pop Artery, iliac Artery, Carotid Artery, Biliary, and Other. Among these, significant growth is observed in the carotid artery application which is mainly due to increasing adoption of carotid artery stenting (CAS) as an treatment option for carotid artery disease.
“Amongst End User, the Carotid Artery segment is expected to grow with highest CAGR.”
On the basis of end user, the market is categorized into Hospitals, Ambulatory Surgical Centers, and Others. Among these, exponential growth is observed in the ambulatory surgical centers which is mainly due to substantial presence of ambulatory surgical centers in various geographies and increasing preference of patients towards the ambulatory surgical centers for stenting related procedures.
“Asia Pacific is expected to grow with the highest CAGR in Self-expandable Stents Market during the forecast period.”
The APAC region has witnessed a growing incidence and prevalence of cardiovascular disease, prompting increased attention from researchers, healthcare professionals, and pharmaceutical companies. Along with this, factors such as improved diagnostic techniques, enhanced awareness among clinicians, and demographic changes may have contributed to the identification of previously undiagnosed cases. Consequently, this surge has put a spotlight on the need for improved understanding, treatment options, and market potential within the region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global + Covid-19 Impact
6. Global Self-expandable Stents Market Revenue, 2020-2030f
7. Market Insights By Product
8. Market Insights By Application
9. Market Insights By End User
10. Market Insights By Region
11. Self-expandable Stents Market Dynamics
12. Self-expandable Stents Market Opportunities
13. Self-expandable Stents Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Self-expandable Stents Market were the three major steps undertaken to create and analyze the adoption of self expandable stents market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global Self-expandable Stents Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Self-expandable Stents Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Self-expandable Stents Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as modality, service type, and specialist. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Self-expandable Stents Market. Further, we conducted factor analysis using dependent and independent variables such as modality, service type, and specialist of the Self-expandable Stents Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Self-expandable Stents Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Self-expandable Stents Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Self-expandable Stents Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the modality, service type, and specialist in the global Self-expandable Stents Market.
The main objective of the Global Self-expandable Stents Market Study
The current & future market trends of the global Self-expandable Stents Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the Self-expandable Stents Market?
Q2: What are the driving factors for the growth of the Self-expandable Stents Market?
Q3: Which segment has the largest share of the Self-expandable Stents Market by Product?
Q4: What are the emerging technologies and trends in the Self-expandable Stents Market?
Q5: Which region will dominate the Self-expandable Stents Market?
Q6: Who are the key players operating in the Self-expandable Stents Market?
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