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As per the latest report by IMARC Group, titled “Vascular Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global vascular stents market size reached US$ 9.3 Billion in 2021. Vascular diseases are caused by abnormalities in blood vessels that lead to blockage or damage. Injury or deposition of fat or cholesterol on the artery wall are the primary factors for the development of these conditions. Some of the common vascular diseases include coronary heart disease, peripheral arterial disease (PAD), abdominal aortic aneurysm (AAA), and carotid artery disease (CAD). Vascular stents are employed to treat these conditions, wherein they provide internal structural support to stenotic blood vessels and relieve the obstruction of blood flow. These stents are generally manufactured using polyethylene, polypropylene or non-absorbable materials including stainless steel or cobalt-chromium alloys.
Global Vascular Stents Market Trends:
One of the key factors that are strengthening the growth of the market is the rising geriatric population across the globe. Apart from this, the increasing incidences of coronary artery disease have resulted in the growing need for heart stent surgeries. This can be accredited to the lack of physical activity, unhealthy dietary patterns, and the increased intake of alcohol, especially among the young population. Further, the increasing preference for minimally invasive (MI) procedures is also impelling the market growth as they ensure a quick recovery. Some of the other factors that are supporting the market growth include low risk of infection, minimized bleeding and low cost of vascular stents as compared to conventional surgical methods. Looking forward, the market value is projected to reach US$ 13.57 Billion by 2027, expanding at a CAGR of 6.4% during 2022-2027.
Market Summary:
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