Self-Expanding Stents Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Self-Expanding Stents Market Analysis
The self-expanding stents market is expected to register a CAGR of 7.5% over the forecast period.
The COVID-19 outbreak has had a huge influence on people's lives across the world. Only true emergencies, such as acute aortic dissections, were attended to during the peak, with all elective surgeries being postponed and patients being prioritized surgically. For instance, as per an article published in a European heat journal in October 2021, there was a reduction of 27.5% in admissions of acute coronary syndromes compared to 2019. Additionally, according to a research study published in March 2022, titled "The Effect of COVID-19 on Adult Cardiac Surgery in the United States in 717,103 Patients", it was concluded that there was a 52.7% reduction in adult cardiac surgery volume and a 65.5% reduction in elective cases, which indicates the negative impact of COVID-19 on the cardiac surgical procedures. However, the market started to gain traction owing to the resumption of surgical procedures worldwide. According to Eurostat, nearly 38,900 heart bypasses were conducted in Germany in 2020. The number of cardiac surgical procedures and stent implantations is projected to grow during the forecast period, positively impacting the market's growth.
The major factors propelling the growth of the self-expandable stents market include the high prevalence of heart-related diseases, advancement in healthcare technology, and increased demand for angioplasty.
Additionally, major market players' product launches and strategic activities positively affect the studied market's growth. For instance, in September 2022, Wallaby/phenox launched the Pegasus HPC stent system. It enables more patients to benefit from surface modification in stent-assisted coiling treatments, intracranial atherosclerotic disease (ICAD), and dissections. Applying this surface modification to the stent enhances safety by significantly reducing thrombogenic complications; the device addresses multiple indications while providing all the benefits of classic laser-cut, open-cell stents and adding increased patient safety.
Moreover, the worldwide advancement in healthcare technology is driving the demand for effective and advanced treatment services that involve various stent procedures. For instance, in April 2020, an article published in the national library of medicine, recent advances in manufacturing innovative stents shows aiming for greater patient safety and a higher success rate for cardiovascular treatments, researchers and doctors are focusing heavily on developing novel materials, methods, and solutions to improve the clinical outcome of currently available stent types. Therefore, owing to the abovementioned factors, the studied market is anticipated to witness growth over the analysis period.
Self-Expanding Stents Market Trends
The Carotid Self-expanding Stents Segment is Expected to Witness Growth Over the Forecast Period
The carotid self-expanding stents segment is expected to witness significant growth in the market over the forecast period owing to factors such as the rising prevalence of cardiovascular diseases, strategic initiatives by key market players, and advancement in healthcare technology are ultimately driving the market growth.
Continuous new product developments in the self-expanding stents by major players in the market are positively affecting the segment's growth. For instance, in September 2022, Optimed's Tentos 4-f stent system was launched in Europe. It is a self-expanding stent system for treating superficial femoral and infrapopliteal arteries. It is now commercially available in more than 70 countries that recognize the C.E. mark.
Furthermore, the company's growing focus on collaborations and acquisitions to withhold its market position contributes to market growth. For instance, in June 2022, Boston Scientific agreed to purchase a majority stake in M.I. Tech from Synergy Innovation. M.I. Tech is the creator of the HANAROSTENT technology, a family of conformable, non-vascular, self-expanding metal stents. The agreement consists of a purchase price of approximately USD 230 million at current exchange rates, subject to closing adjustments. Therefore, the Carotid self-expanding stents segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Self-Expanding Stents Market
North America is expected to dominate the self-expanding stents market over the forecast period owing to the factors such as significant presence of key players, the adoption of various strategies initiated by key companies to increase advancement in healthcare technology, rising demand for minimally invasive procedures and new product launches.
Furthermore, the growing focus of companies on developing advanced products and adopting various business strategies, such as collaborations and acquisitions to withhold their market position, is also contributing to the market growth. For instance, in August 2022, Medtronic launched the latest drug-eluting coronary stent, system, it employs a more deliverable system that includes an innovative dual-layer balloon, a lower profile for crossing, and increased catheter flexibility. All these refinements point to a 16% improvement in deliverability compared to the previous generation while maintaining its superior radial strength.
Similarly, rising demand for the usage of minimally invasive procedures is the factor boosting market growth. For instance, in 2021, a research study published by the national library of medicine (NIH) stated that the use of self-expandable metallic stents for endoscopic biliary decompression decreases stent complications in pancreatic cancer patients receiving chemotherapy and stated that its adoption is increasing owing to added benfits of self-expandable metallic stent (SEMS). Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the North America region.
Self-Expanding Stents Industry Overview
The self-expanding stents market is emerging and consolidated. Leading players deploy numerous strategic initiatives, including competitive pricing strategies, partnerships, product expansion, sales and marketing initiatives, and mergers and acquisitions. Some key players in the markets are Boston Scientific Corporation, Medtronic, Cordis, Cook Medical, Biotronik, Inc, Abbott, BD Interventional, Merit Medical Systems, Inc, Terumo Corporation, and Veryan Medical, among others.
Self-Expanding Stents Market Leaders
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Medtronic
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BD Interventional
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Boston Scientific
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Abbott
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Cook Medical
*Disclaimer: Major Players sorted in no particular order
Self-Expanding Stents Market News
- In July 2022, Biotronik launched the pulsar-18 T3 self-expanding stent system in the United States, and it is the first and only peripheral Tri-axial 4-french low-profile self-expanding stent system to receive FDA Approval, the tri-axial system with braided shaft design facilitates stable and accurate implantation of the clinically proven Pulsar stent. Compared to 6-French devices, a 4-French low-profile delivery system may lower the likelihood of access site issues and lessen the requirement for closure devices.
- In November 2020, cook medical launched a silver vena venous self-expanding stent in the United States; it helps treat symptomatic iliofemoral venous outflow obstruction. The stent's flexibility and strength were balanced in its design to allow it to adapt to a patient's anatomy while still providing enough lumen expansion to reestablish venous flow.
Self-Expanding Stents Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 High Prevalence of Heart-Related Diseases
- 4.2.2 Advancement in Healthcare Technology
- 4.2.3 Increase in Demand for Angioplasty
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4.3 Market Restraints
- 4.3.1 Availability of Alternative Treatment and Rising Product Recalls
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Product Type
- 5.1.1 Carotid Self-expanding Stents
- 5.1.2 Gastrointestinal Self-expanding Stents
- 5.1.3 Endovascular Self-expandable Stents
- 5.1.4 Others
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5.2 By Application
- 5.2.1 Fem-Pop Artery
- 5.2.2 Iliac Artery
- 5.2.3 Carotid Artery
- 5.2.4 Biliary
- 5.2.5 Other
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5.3 By End-User
- 5.3.1 Hospitals
- 5.3.2 Ambulatory Surgical Centers
- 5.3.3 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Boston Scientific Corporation
- 6.1.2 Medtronic
- 6.1.3 Cordis
- 6.1.4 Cook Medical
- 6.1.5 Biotronik, Inc.
- 6.1.6 Abbott
- 6.1.7 BD Interventional
- 6.1.8 Merit Medical Systems, Inc.
- 6.1.9 Terumo Corporation
- 6.1.10 Veryan Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Self-Expanding Stents Industry Segmentation
As per the scope of the report, self-expanding stents are mechanical self-expanding stents that are devices composed of stainless steel; it depends on a mechanical "springlike" construction when compressed within a delivery catheter to produce expansion. Most stents are constructed from metal or plastic mesh. The self-expanding stents market is expected to register a CAGR of 7.50% over the forecast period. Self-expanding stents market is segmented by Product type (Gastrointestinal Self-expanding Stents, Carotid Self-expanding Stents, Endovascular Self-expandable Stents, and Others), Application (Fem-Pop Artery, Iliac Artery, Carotid Artery, Biliary, and Others), End-users (Hospitals, Ambulatory Surgical Centers, and Others) and Geography (North America, Europe, Asia-pacific, middle east, and Africa, and South America). The report offers the value (in USD million) for the above segment.
| By Product Type | Carotid Self-expanding Stents | |
| Gastrointestinal Self-expanding Stents | ||
| Endovascular Self-expandable Stents | ||
| Others | ||
| By Application | Fem-Pop Artery | |
| Iliac Artery | ||
| Carotid Artery | ||
| Biliary | ||
| Other | ||
| By End-User | Hospitals | |
| Ambulatory Surgical Centers | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Self-Expanding Stents Market Research FAQs
What is the current Self-Expanding Stents Market size?
The Self-Expanding Stents Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Self-Expanding Stents Market?
Medtronic, BD Interventional, Boston Scientific, Abbott and Cook Medical are the major companies operating in the Self-Expanding Stents Market.
Which is the fastest growing region in Self-Expanding Stents Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Self-Expanding Stents Market?
In 2024, the North America accounts for the largest market share in Self-Expanding Stents Market.
What years does this Self-Expanding Stents Market cover?
The report covers the Self-Expanding Stents Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Self-Expanding Stents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Self-Expanding Stents Industry Report
Statistics for the 2024 Self-Expanding Stents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Self-Expanding Stents analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
