Venous Stents Market Size, Share and Growth Analysis

Venous Stents Market Analysis Size, Growth rate and Overview:

Venous Stents Market was valued at USD 950 Million in 2017 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around 9.85% over the predicted period.

Venous stents are specific metal mesh tubes that expand against blocked or narrowed vein walls and act as a framework to keep the veins open. Surgeons generally place venous stents in larger, central veins, such as those found in the legs, chest, arm and abdomen. Various advancements in the field of stent technology has equally enhanced the market for venous stents. There have been many industry players that have come up with innovative types of venous stents in last few years. The already existing defects and technical shortcomings for performing venous stenting procedures have led to a revolution of the newer nitinol stents.

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Venous Stents Market Key Drivers, Challenges, and Opportunities:

The market is driven by factors such as the rising prevalence of venous diseases, technology advancement in stents technology and rising global geriatric population. The growing trend of development of advanced venous stents is also likely to propel the growth of the market. The market is segmented into wall stent technology and iliac vein stent technology with the iliac market holding 73.9% market share and is expected to retain its dominance for the next few years.

The development for the venous stents is primarily dedicated to the treatment of iliac venous obstruction which is a flexible process, possesses a good radial force, MRI compatibility, and is inexpensive. These technological advancements are enhancing accuracy, enabling additional capabilities to improve the workflow, and helps in aiding towards error reduction. Correspondingly, the wall stent technology segment contributes to 26.1% of the market share and is expected to be the fastest growing market in the coming forecast period.

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Venous Stents Market – Regional Presence:

Geographically, the market is spread across North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Europe is the largest geographical market and is expected to be the largest revenue generator in the world currently. The European market is driven by the factors such as a sudden rise in the prevalence of the chronic vein’s disease and the initiation for the clinical trials for the venous stents in this region.

Some of the Key Players Profiled in this Venous Stents Market Report are:

Boston Scientific Corporation, C. R. Bard, Inc., Jotec GmBH, Veniti, Inc., Medtronic, Cook Medical etc. 

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