Market Overview:
The global balloon expanding and self-expanding stents market is expected to register a CAGR of 7.8% during the forecast period, 2018-2030. The balloon expanding stents segment is expected to account for the majority share of the global market in 2018, and is projected to maintain its dominance throughout the forecast period. This can be attributed to factors such as technological advancements in this segment and rising preference for minimally invasive surgeries over traditional open surgeries. On the basis of application, hospitals are estimated to account for a larger share of the global balloon expanding and self-expanding stents market in 2018. However, ambulatory surgical centers are projected to register higher growth rates during the forecast period owing to increasing demand for outpatient procedures across regions.
Product Definition:
A balloon expanding stent is a type of expandable stent that is inserted into an artery using a catheter. Once in place, the balloon at the end of the catheter is inflated, causing the stent to expand and press against the sides of the artery. This helps to keep the artery open and improve blood flow. A self-expanding stent is a type of expandable stent that expands automatically after being inserted into an artery.
Balloon Expanding Stents:
Balloon expanding stents are used to treat coronary artery disease, peripheral artery disease, and certain types of cancers. These stents are made up of a metallic filament that is covered with a balloon which is then inflated by air or another inflation fluid. The expansion of the balloon causes the metal wire to widen and form an opening through which blood can flow freely.
Self-Expanding Stents:
Self-Expanding Stents are used to treat coronary artery disease. They are also used in treating blocked arteries, which is one of the indications for angioplasty. The stent is a hollow tube made up of metal or plastic and covered with a coating that allows it to slide easily through blood vessels without causing any harm to the tissues lining the interior passage.
Application Insights:
Based on application, the global market is segmented into hospitals, ambulatory surgical centers, and others. The hospital segment dominated the market in 2017 owing to factors such as a high prevalence of cardiovascular diseases and rising geriatric population at hospitals worldwide. According to data published by WHO in 2018, around 1 in 3 deaths occur due to CVDs globally. Moreover, according to data published by AHA in 2019 regarding Lipid-Lowering Therapy (LLT), around 585 thousand lives are lost every year due to heart attacks/strokes caused by high cholesterol levels across the globe. Thus increasing number of surgeries for lowering cholesterol levels will boost product demand over the forecast period.
The others application segment is expected register significant growth over the forecast period owing to growing awareness about balloon expanding stents among patients suffering from chronic conditions such as diabetes mellitus.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of local players and well-established healthcare infrastructure. Moreover, increasing incidence of target diseases such as cancer and cardiac disorders is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to rising geriatric population, which increases susceptibility towards various diseases such as cardiovascular disorders and cancers. In addition, economic development in countries like India has led it to be one of the major markets for medical devices manufacturing globally; this has resulted in increased demand for these expanders over time.
Growth Factors:
- Technological advancements in balloon expanding and self-expanding stents technology
- Increasing demand for minimally invasive surgeries
- Rising prevalence of cardiovascular diseases
- Growing geriatric population
- Increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Balloon Expanding and Self-Expanding Stents Market Research Report
By Type
Balloon Expanding Stents, Self-Expanding Stents
By Application
Hospitals, Ambulatory Surgical Centers, Others
By Companies
Nitinol Devices & Components, Stryker, Medtronic, Norman Noble, Resonetics, Nitinol Devices & Components
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Balloon Expanding and Self-Expanding Stents Market Report Segments:
The global Balloon Expanding and Self-Expanding Stents market is segmented on the basis of:
Types
Balloon Expanding Stents, Self-Expanding Stents
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nitinol Devices & Components
- Stryker
- Medtronic
- Norman Noble
- Resonetics
- Nitinol Devices & Components
Highlights of The Balloon Expanding and Self-Expanding Stents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Balloon Expanding Stents
- Self-Expanding Stents
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Balloon Expanding and Self-Expanding Stents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A balloon expanding and self-expanding stent is a medical device that helps to keep open an artery or vein in the body. When the balloon is inflated, it creates a small opening in the vessel wall. This allows blood to flow more easily through the opening, which can help to prevent a heart attack or stroke. The stent also expands when it comes into contact with blood, which further helps to keep the artery open.
Some of the major companies in the balloon expanding and self-expanding stents market are Nitinol Devices & Components, Stryker, Medtronic, Norman Noble, Resonetics, Nitinol Devices & Components.
The balloon expanding and self-expanding stents market is expected to register a CAGR of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balloon Expanding and Self-Expanding Stents Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Balloon Expanding and Self-Expanding Stents Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Balloon Expanding and Self-Expanding Stents Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Balloon Expanding and Self-Expanding Stents Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Balloon Expanding and Self-Expanding Stents Market Size & Forecast, 2020-2028 4.5.1 Balloon Expanding and Self-Expanding Stents Market Size and Y-o-Y Growth 4.5.2 Balloon Expanding and Self-Expanding Stents Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Balloon Expanding Stents
5.2.2 Self-Expanding Stents
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balloon Expanding and Self-Expanding Stents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balloon Expanding and Self-Expanding Stents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Balloon Expanding Stents
9.6.2 Self-Expanding Stents
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Balloon Expanding Stents
10.6.2 Self-Expanding Stents
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Balloon Expanding Stents
11.6.2 Self-Expanding Stents
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Balloon Expanding Stents
12.6.2 Self-Expanding Stents
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Balloon Expanding Stents
13.6.2 Self-Expanding Stents
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balloon Expanding and Self-Expanding Stents Market: Competitive Dashboard
14.2 Global Balloon Expanding and Self-Expanding Stents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nitinol Devices & Components
14.3.2 Stryker
14.3.3 Medtronic
14.3.4 Norman Noble
14.3.5 Resonetics
14.3.6 Nitinol Devices & Components