Europe Vascular Stent Market was worth USD 105.38 million in 2016 and is projected to be growing at a CAGR of 15.5%, to touch 216.59 million by 2017- 2021.
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Europe Vascular Stent Market by Product (Peripheral Stents, Coronary Stents, EVAR Stent Grafts), By Type (Bare-Metal Stents, Drug Eluting Stents, Bio Absorbable Stents), By Mode of Delivery (Self-Expanding Stents, Balloon Expandable Stents), By Material (Metal, Polymer), By End User and By Region - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Europe Vascular Stent Market was worth USD 105.38 million in 2016 and is projected to be growing at a CAGR of 15.5%, to touch 216.59 million by 2021.
The main function of a vascular stent is to help in keeping the clogged artery open which results in a better and free blood flow to the heart. The unclogged arteries and increased blood flow substantially reduce the chances of a heart attack.
Stent is an expandable and tiny mesh made of metals or polymers.
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An implanted stent stays in the artery permanently, although a blocked stent can be removed by an angiography procedure.
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The growth of the Europe Vascular Stent Market is mainly driven by the increasing use of vascular stents for cardiovascular diseases. This is further supplemented by the increasing preference for stents over other out dated methods which were relatively more invasive.
The rising elderly populace in Europe with the consequent incidence of CVDs, is also a major promoter of market growth. The restraints faced by the market include the stringent regulation policies by governmental bodies and incidences of product failure and recalls.
The Europe Vascular Stent Market is segmented on the basis of Product, Type, Mode of Delivery, Material, End User and Geography. Based on the Product, the Vascular Stent market is divided into Peripheral Stents, Coronary Stents, and EVAR Stent Grafts.
Based on Type, the Vascular Stent Market is segmented into Bare-Metal Stents, Drug Eluting Stents, and Bio absorbable Stents. On the basis of Mode of Delivery, the market is categorised into Self-Expanding Stents and Balloon Expanding Stents.
Further, based on Material, it is divided into Metal and Polymer. On the basis of End User, the market is distributed among Hospitals and Research Institutes.
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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe holds the second position in terms of market share globally.
There is potential for market growth due to the presence of some untapped markets coupled with the rising frequency of cardiovascular disease incidence. The development of bioreabsorbable stents is expected to enhance market growth in the region.
The significant players in the Europe Vascular Stent Market are Medtronic, plc (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), W. L. Gore and Associates (U.S.), C. R. Bard (U.S.), Endologix, Inc. (U.S.), Lombard Medical Technologies (U.K.), Translumina GmbH (Germany), and JOTEC GmbH (Germany).
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