Indonesia Stents Market to be dominated by Vascular Stent in Indonesia through 2028
Growing incidence of cardiovascular cases are expected
to drive the Indonesia Stent Market in the forecast period, 2024-2028.
According to TechSci Research report, “Indonesia
Stents Market –Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Indonesia Stents Market
stood at USD126.07 million and is anticipated to register a CAGR of 5.33% during
the forecast period. This can be ascribed to collaborations and partnerships
among leading companies with a diverse approach to merge the expertise of
individual companies and to strengthen their position in the market.
Additionally, the recent
advancements and technological developments are expected to propell the growth
of Indonesia Stent Market by launches of new product for different applications
such as coronary artery disease, peripheral arterial disease, aneurysm repair,
biliary and pancreatic duct obstruction, tracheal and bronchial obstruction, vascular
malformations, etc. Also, the mergers and acquisitions of different market
players would lead to the growth of Indonesia stent market in the forecast
period.
The rising incidences of
cardiovascular diseases, Growing Aging Population, Increased Healthcare
Spending, Urbanization and Lifestyle Changes, Health Infrastructure Development,
Medical Tourism, Health Insurance Expansion Awareness and Education,
etc are expected to rise the growth of Indonesia Stent Market in the forecast
period. Stents have various applications within the medical field, including in
the Indonesian market. Stents are often used to treat different medical
conditions and improve patient outcomes. One of the primary
applications of stents is in treating coronary artery disease. Coronary stents
are used to open, and support narrowed or blocked coronary arteries, restoring
blood flow to the heart muscle and relieving symptoms such as chest pain (angina). Stents
can also be utilized to treat peripheral arterial disease by opening and
reinforcing narrowed or blocked arteries in other parts of the body, such as
the legs, arms, or neck. Stent grafts, also known
as endovascular stent grafts, can be employed to treat aortic aneurysms.
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These
stents are placed within the aorta to reinforce weakened areas and prevent the
risk of rupture. Stents can be used to treat obstructions in the biliary and
pancreatic ducts, which can occur due to conditions like gallstones or tumors.
These stents help maintain proper drainage and prevent complications. Ureteral
stents are placed in the urinary tract to alleviate obstructions, commonly
caused by kidney stones or tumors. These stents promote urine flow and prevent
kidney damage. Therefore, the awareness and education play a crucial role in
influencing the growth of the stent market in Indonesia. When the public and
healthcare professionals are well-informed about the benefits of stent
procedures, it can lead to increased demand, adoption, and overall market
growth. Raising awareness about cardiovascular diseases, their risk factors,
and available treatment options empowers patients to take proactive steps
towards their health.
Informed patients are more likely to seek timely medical
interventions, including stent procedures, when necessary. Education campaigns
can emphasize the importance of early detection and diagnosis of cardiovascular
conditions. When patients recognize symptoms and seek medical help sooner, it
can lead to timely interventions, including stent placement, which can improve
outcomes. Addressing misconceptions and reducing stigma associated with stent
procedures can encourage patients to consider these treatments as viable
options for improving their health. Continuous medical education programs can
keep healthcare professionals updated on the latest advancements in stent
technology and procedures. Informed doctors are better equipped to recommend
appropriate treatments to their patients.
Educated patients are more likely to
understand the significance of following post-procedure guidelines and making
necessary lifestyle changes. This can lead to better treatment outcomes and
reduced complications. Awareness efforts can result in improved communication
between primary care physicians and specialists, leading to more appropriate
referrals for stent procedures when needed. Public health campaigns and
community outreach initiatives can educate the general population about the
importance of heart health and the available treatment options, including
stents. Highlighting successful stent procedures and patient testimonials can
build confidence in the effectiveness and safety of these interventions. Education
can emphasize preventive measures, such as lifestyle changes and risk factor
management, which can reduce the need for stent procedures in the long term. Increased
awareness can lead to greater public and private investments in cardiovascular
research and medical technology, driving innovation and the development of
advanced stent solutions.
However, the preference
for non-invasive alternative, competitive market landscape and growing concerns
for human health are expected to slow down the growth of the Indonesia Stent Market
in the coming years.
The Indonesia Stents
Market segmentation is based on Product Type, Material Type, End User, By
Company, and Region.
Some of the major companies
operating in the Indonesia
Stents Market include:
- PT B. Braun
Medical Indonesia
- Pt Boston
Scientific Indonesia
- PT Medtronic
Indonesia
- PT Becton
Dickinson Indonesia
- PT Abbott
Indonesia
- PT Multidaya
Medika
- PT Terumo
Indonesia
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“Healthcare industry in Indonesia is flourishing
owing to the growing investment in the industry through the government fund
allotment as well as increased expenses over the medical devices, equipment,
tools, along with better healthcare products & services by the consumers.
Growing demands for better healthcare facilities, advanced patient care for the
citizens as well as immigrants of the countries also facilitates the industrial
growth. government also imports majority of the medical devices, equipment,
tools, along with the other healthcare products from the neighboring countries
and global giants penetrating the market. The globally active market players
may enter the market in future since the market has wide scopes for future
expansions. Through technological advancements, consistent research the market
growth can further be aided thus ultimately supporting the new entrants towards
brand establishment in the upcoming five years," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
Indonesia Stent Market,
By Product Type (Vascular Stent, Non-Vascular Stents), By Material Type (Metal,
Polymer), By End User (Hospital & Clinics, Ambulatory Care Centers,
Others), By Region, Competition, Forecast and Opportunities, 2018-2028F has evaluated the future growth potential of Indonesia
Stents Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Indonesia Stents Market.
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