The Global Carotid Stents Market was valued $1.5 Bn in 2020 and is expected to reach $3.1 Bn by 2027, at a CAGR of 11%.
Global Carotid Stents Market Introduction and Overview
Carotid artery stenting technologies are rapidly evolving. Options for endovascular surgeons and interventionists who treat occlusive carotid diseases are continuing to expand. Carotid technologies addressed in the report include the carotid stents themselves as well as adjunct neuroprotective devices. Carotid stenting is a new and exciting field with rapidly advancing technologies. Embolization protection, low-risk deployment, and lesion assessment and stratification are active areas of research.
The increasing graph of cardiac diseases such as atherosclerosis, coronary artery diseases driven by growing risk factors such as high consumption of cholesterol rich foods, sedentary lifestyles, diabetes, obesity and high blood pressure is the key driver for the growth of the global carotid stents market. According to the Centers for Disease Control and Prevention, coronary artery disease (CAD) is the most common heart disease in the U.S. and is the leading cause of deaths, claiming over 370,000 lives annually.
Technological advancements in stents such as drug eluting stents, use of biodegradable, and bio-absorbable materials for stent construction, improvements in stent design such as bifurcated stents and others are driving the growth of the global carotid stenting systems market owing to greater efficiency and efficacy.
Improvements in implantation techniques and development of complementary technologies such as real-time diagnostic imaging such as computed tomography and magnetic resonance imaging have resulted in greater confidence and concurrent number of stenting procedures performed. Another advancement is the development of stent coatings to combat stent-based trauma, and restenosis.
However, high procedure cost, risk of infection and stent failure are some factors hampering the market growth.
Market values and CAGR of the forecast period, for major geographic markets are provided in the report.
Global Carotid Stents Market
The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Carotid Stents market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.
The report has profiled thirteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Global Carotid Stents Market Segment Analysis
By product type, the Balloon expandable stent segment is expected to grow at a CAGR of xx% in the forecast period. In-stent restenosis has been reported in 8% of carotid stenting cases.56 The CREST investigators reported a 6% restenosis rate in both stenting and surgical endarterectomy cases. Successful use of a cutting balloon, which was previously well known to interventional cardiologists for partial atherectomy, has been reported in small carotid stenting case series.
The same technology has been successfully reported for severely calcified primary carotid lesions as an adjunct to stenting to minimize hemodynamic instability from carotid bulb compression. These factors are responsible for the segment to expand and the market to grow.
By end-use, the hospital segment is expected to register a CAGR of xx% during the forecast period. Hospitals held a leading revenue share of xx% in the Carotid Stents market in 2020. Majority of patients opt to undergo angioplasty procedures in hospitals. Surgeries and other operations are performed majorly in hospitals, due to availability of all tools and technologies required.
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Global Carotid Stents Market Segmentation
The Global Carotid Stents market is segmented based on-
Global Carotid Stents Market Product Type
• Balloon expandable stents
• Self-expanding stents
Global Carotid Stents Market Material
• Metals
Nitinol
Chromium
Cobalt
Others
• Polymers
• Others
Global Carotid Stents Market End-Users
• Hospitals
• Ambulatory Surgical centers
• Clinics
• Others
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