Self-Expandable Stents Market: Current Analysis and Forecast (2023-2030)

Report Description

Self-Expandable Stents Market Size & Forecast

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.

Self-Expandable Stents Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global Self-expandable Stents Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Self-expandable Stents Market Analysis (2023-2030)

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:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Self-expandable Stents Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global Self-expandable Stents Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

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:

• Analyze the current and forecast market size of the Self-expandable Stents Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of modality, service type, and specialist.
• Define and analysis of the regulatory framework for the self expandable stent market industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Self-expandable Stents Market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Self-expandable Stents Market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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