United Kingdom Stent Market May Register an Impressive Growth Through 2027
The
rising geriatric population along with the rising rate of heart attacks across
the United Kingdom is driving the growth of the United Kingdom stent market in
the upcoming five years.
According
to TechSci report on, “United Kingdom Stent
Market - By Region, Competition Forecast &
Opportunities, 2027”, the United Kingdom stent market may flourish
with an impressive CAGR during the forecast period of 2023-2027, The growing
prevalence of cardiovascular diseases due to unhealthy lifestyle choices such
as unhealthy eating, smoking, and high alcohol consumption is augmenting the
demand for stents across the United Kingdom. Furthermore, the growing
preference for minimally invasive procedures is also providing a positive
outlook to the market. Minimally invasive procedures have also facilitated
shorter hospital stays and speedy recovery. Additionally, technological
advancements and developments in stent inserting procedures have reduced the
chances of manual errors during the surgery. For instance, several key leading
stent manufacturers have been working on reducing the thickness of stents and
launching longer lengths and small diameters of these stents, hence making them
more deliverable in tortuous vessels.
Apart from this, the introduction of
biodegradable stents has provided massive growth opportunities to the market
leaders. Biodegradable stents are made from material that has dissolving
properties, therefore, over the period of time, these stents get easily
absorbed into the body. Biodegradable stents facilitate complete elusion of
drugs and reduce the risks of inflammation. Apart from this, the improved
affordability of stents has resulted in their increased utilization and has
helped the manufacturers to increase their market share in the region, thereby
providing the United Kingdom stet market a positive outlook.
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The United Kingdom stent market is segmented
by product type, material type, type, end user, competitional landscape, and
regional distribution. Based on product type, the market is further segmented
into vascular stents and non-vascular stents, among which the vascular stents
are expected to show significant market growth over the forecast period. This
is primarily due to the growing aging population in the region, who are more
susceptible to the risks of heart attack, heart failure, and coronary heart
diseases.
By material type, the market is bifurcated
into metal and polymer. The metal stent segment is anticipated to hold a
significant market share throughout the forecast period, owing to several
advantages associated with metal stents, such as fewer risks of stent fracture,
flexibility, and biocompatibility. Moreover, the incorporation of biodegradable
polymer with metal stents to overcome the drawbacks of conventional products is
further adding to the segment growth.
Based on type, the United Kingdom stent
market is fragmented into balloon-expandable and self-expandable. The
balloon-expandable stents segment is anticipated to lead the market over the
projected period owing to the growing regulatory approval for
balloon-expandable. Unlike other stainless steel, the balloon-expandable are
made from cobalt-chromium struts, which have a closed cell design for tight
scaffolding. Moreover, these stents offer several advantages, such as
relatively more accurate placement, which is crucial in bifurcation lesions,
along with offering higher radial stiffness. In addition to this,
balloon-expandable helps in preventing coronary restenosis after coronary
angioplasty.
By end user, the market is divided between
hospitals & clinics, ambulatory care, and others. Among these, the
hospitals & clinics segment is expected to hold the largest market share
over the coming years. This is primarily because hospitals usually have fully
developed infrastructure with technologically advanced medical devices and
equipment required to perform the stent surgery. Moreover, hospitals and
clinics offer better after-surgery care due to the presence of highly skilled
professionals and nursing staff. In line with this, the rising focus on
upgrading the healthcare infrastructure is expected to fuel this segment of the
United Kingdom stent market.
A list of major
market players of the United Kingdom stent market includes:
- Medtronic
United Kingdom
- Abbott
Laboratories Limited
- Boston
Scientific Limited
- Becton,
Dickinson U.K. Limited
- Stryker
(UK) Limited
- Conmed
UK Limited
- B.Braun
Medical Limited
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“Rapid
advancements in stent manufacturing are strengthening the United Kingdom stent
market growth. Leading companies are introducing devices that incorporate a
unique drug delivery design that allows faster endothelialization and minimizes
thromboembolic events and restenosis. In addition to this, the growing
regulatory approval for balloon-expandable is also providing lucrative growth
opportunities to both existing and new market players. Apart from this, with
the development and improvement in the healthcare infrastructures along with
the expansion of distribution networks, the demand for quality material stents
is proliferating. New market players are advised to take strategic decisions
and engage in mergers and acquisitions to expand their market base, increase
their product portfolio and establish their brand in the United Kingdom,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“United Kingdom Stent Market By Product Type (Vascular
Stents v/s Non-Vascular Stents), By Material Type (Metal v/s Polymer), By Type
(Balloon Expandable v/s Self-Expandable), By End User (Hospitals & Clinics,
Ambulatory Care Centers, Others), By Region Competition Forecast & Opportunities,
2027” has evaluated the future growth potential of United Kingdom stent
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge 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 United Kingdom stent market.
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