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The global self-expanding stents market was valued at USD 3.35 billion in 2023 and is anticipated to grow at a CAGR of 4.1% from 2024 to 2033. In recent years, self-expanding stents have gained popularity in surgical procedures due to their versatile applications and distinctive design. They're typically constructed with materials that can respond to specific conditions, such as body temperature or contact with blood vessels, by expanding or contracting themselves. This trait allows for less invasive surgeries since they could be compressed during insertion through a small incision but expand once it's placed where required. Self-expanding stents are commonly used within vascular surgery settings to counteract ailments like aneurysms and atherosclerosis; this results from them providing structural support towards the blood vessel walls, thus improving circulation flow around those treatment areas.
The revolutionary self-expanding stents have significantly progressed medical instrumentation, specifically in addressing a multitude of vascular and non-vascular treatments. These innovative medical instruments have revolutionized minimally invasive procedures by presenting a versatile solution for upholding vessel permeability and reinstating proper physiology function. Implanted medical devices, or self-expanding stents, can enlarge once placed within a vessel or anatomical structure. Unlike balloon-expandable stents that require external forces to expand, these specific types of stents possess innate qualities where they can apply radial force and mould themselves against the interior walls without any outside assistance. This exceptional quality is typically due to their construction materials, such as shape memory alloys (nitinol), exhibiting super elasticity and thermal responsiveness capabilities.
The self-expansion feature of these stents relies mainly on shape memory alloys, particularly nitinol. Nitinol has a unique characteristic called super elasticity, which enables it to undergo significant deformation with mechanical loads and then return to its original form during unloading. This quality allows the stents to be compressed into smaller sizes when delivered through catheters and later expand back while deployed at predetermined dimensions. Moreover, due to nitinol's thermal responsiveness, these stent products are designed to adjust according to temperature changes within the body, efficiently ensuring optimal expansion that leads towards healthier vessel wall appositions.
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Growing Prevalence of Cardiovascular Diseases - The growing need for self-expanding stents can be attributed to the higher occurrence of cardiovascular diseases, including peripheral arterial disease, vascular disorders and coronary artery disease. The significant rise in worldwide cardiac disorders is due to factors such as obesity, hypertension and diabetes coupled with unhealthy lifestyles and dietary habits among an ageing population. This aspect has led to a surging demand for less invasive medical procedures like percutaneous coronary interventions or endovascular treatments that effectively treat these diseases without surgery. These have increased adoption rates amongst clinicians and patients due to their efficiency. Furthermore, expanding indications within non-traditional medical disciplines, including gastroenterology, urology & pulmonology, allow the manufacturing firms to cater to newer markets catering to broader healthcare needs while augmenting overall industry sales potential further, driving market expansion to become even more critical indicators.
Stringent Regulatory Standards – The primary obstacle faced by the global market for self-expanding stents is the ever-increasing strictness of regulations governing medical devices. Various regulatory bodies, such as the FDA in America, demand rigorous prerequisites when commercially approving and releasing self-expanding stents. This aspect includes preclinical testing, clinical trials, and post-market surveillance measures. Complying with these regulations demands significant time investment alongside financial resources, which could lead to holdups while launching products; furthermore, development costs increase along with incremental entry barriers into this sector. Additionally, evolving frameworks within regulation cause difficulties constantly since stakeholders must navigate through a complicated web adhering to varying compliance standards across geographies regularly changing over time.
Technological Advancements and Innovations - Continuous technological advancements and innovations in stent design, materials, and delivery systems are among the major factors driving growth in the global self-expanding stents market. To enhance these devices' performance, safety, and efficacy, manufacturers invest heavily in research and development. This aspect has led to notable improvements such as novel designs that optimize radial strength plus conformability of self-expanding stents, the use of biocompatible biomaterials that decrease thrombogenicity, integration with drug-eluting coatings for long-term patency promotion while also preventing restenosis. Advancements have been made in device designs and improved catheter designs alongside navigational tools, which significantly aid precise placement during procedures, thus streamlining workflow and leading to widespread adoption across various clinical settings by healthcare practitioners/medical professionals. This factor is anticipated to foster the market growth in the upcoming years.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North American region emerged as the most prominent global self-expanding stents market, with a 39.0% market revenue share in 2023. Increasing research & development activities is the primary factor stimulating the regional market growth and development. Manufacturers focus on enhancing product performance, safety, and efficacy through drug-eluting coatings, biodegradable materials, and next-generation delivery systems. Adoption of these stents is facilitated by their advanced features, making them highly effective for clinical practice. The demand for minimally invasive treatment options such as self-expanding stents arises from the significant incidence of certain cardiovascular diseases, including peripheral arterial disease, coronary artery disease, and other vascular disorders. Factors like an ageing population reinforce market growth. This sedentary lifestyle leads to less physical activity or exercise in general, which not only improves heart health but also controls body weight loss with better blood pressure management, etc., along with escalated cases of risk causes, namely obesity, diabetes mellitus and hypertension, which are frequently observed lately. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.
North America Region Self-Expanding Stents Market Share in 2022 - 39.0%
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The type segment includes carotid self-expanding stents, endovascular self-expandable stents, gastrointestinal self-expanding stents, and others. The carotid self-expanding stents segment dominated, with a market share of around 46% in 2023. Carotid self-expanding stents are intentionally created to address the issue of carotid artery stenosis, which is a common cause of ischemic stroke. These specific stents can effectively reinstate blood flow and decrease the risk of cerebrovascular events. Notably present in the global market for self-expanding stent technology, they have garnered significant traction due to several factors such as an ageing population, heightened prevalence rates surrounding carotid artery disease, coupled with advancements in endovascular techniques being developed further. Top medical device manufacturers offer various options regarding this type - from closed-cell or open-cell designs all through dual-layered mesh structures and embolic protection systems incorporated into their product features list. This is the primary factor for the segment’s growth.
The end-user segment is bifurcated into hospitals, cardiac centers and ambulatory surgical centers. The hospitals segment dominated, with a market share of around 54% in 2023. Self-expanding stents have a substantial presence in the global market, with hospitals comprising their largest segment. Hospitals are essential as healthcare providers by offering specialized expertise, advanced medical technologies, and comprehensive services across various clinical indications and specialities like peripheral arterial diseases, cardiovascular disorders, and gastrointestinal disorders. Self-expanding stents find applications throughout multiple departments within these facilities, such as interventional cardiology, vascular surgery, gastroenterology, and pulmonology, to name just some of them.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 3.35 Billion |
| Market size value in 2033 | USD 5.01 Billion |
| CAGR (2024 to 2033) | 4.1% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Type, End-user |
As per The Brainy Insights, the size of the self-expanding stents market was valued at 3.35 billion in 2023 to USD 5.01 billion by 2033.
The global self-expanding stents market is growing at a CAGR of 4.1% during the forecast period 2024-2033.
North America region became the largest market for self-expanding stents.
The rising cases of cardiovascular diseases across the globe is driving the market's growth.
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global self-expanding stents market based on below-mentioned segments:
Global Self-expanding Stents Market by Type:
Global Self-expanding Stents Market by End-user:
Global Self-expanding Stents Market by Region:
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