A noticeable increase in the incidence of venous obstructive disorders, driven by lifestyle factors, sedentary habits, and obesity, impacts global health significantly. The global geriatric population is surging, leading to a higher prevalence of age-related venous issues.
WILMINGTON, Del., July 17, 2024 /PRNewswire/ -- The global venous stents market stood at US$ 1.1 billion in 2023, and the global market is projected to reach US$ 2.4 billion in 2034. The venous stents market is anticipated to expand at a CAGR of 7.2% [https://www.transparencymarketresearch.com/venous-stents-market.html] between 2024 and 2034.
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The venous stents market is experiencing significant growth, driven by a combination of increasing incidence of venous obstructive disorders and a surging global geriatric population. Venous stents, crucial for treating conditions such as deep vein thrombosis (DVT) and chronic venous insufficiency, are seeing heightened demand as these conditions become more prevalent.
Lifestyle changes, including increased sedentary behavior and rising obesity rates, contribute to the growing number of venous disorders. Consequently, the need for effective treatment options, including venous stents, has surged.
Advancements in medical technology are also propelling the venous stents market forward. Innovations in stent design and materials have led to the development of more efficient, durable, and biocompatible stents, enhancing patient outcomes and expanding the potential applications of these devices.
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Additionally, minimally invasive procedures associated with venous stent placement are increasingly preferred over traditional surgical methods due to their reduced recovery times and lower complication rates, further driving market growth.
The aging global population is another significant factor influencing the market. As the number of elderly individuals rises, so does the prevalence of age-related venous conditions. Older adults are more susceptible to venous insufficiency and other circulatory issues, increasing the demand for venous stenting procedures.
This demographic shift is particularly pronounced in developed regions, but developing countries are also witnessing similar trends as healthcare infrastructure improves and life expectancy increases.
Geographically, North America dominates the venous stents market due to advanced healthcare systems, higher healthcare expenditure, and a substantial patient pool.
The venous stents market is poised for robust growth, supported by technological advancements, demographic shifts, and increasing awareness about venous health. As healthcare providers continue to adopt and refine venous stenting procedures, the market is expected to expand further, meeting the rising demand for effective venous disorder treatments.
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Advancements in stent technologies, such as the development of bio absorbable and drug-eluting stents, are propelling market growth by improving patient outcomes and reducing complications. The venous stents market is also driven by an increasing prevalence of chronic venous diseases and a growing aging population, which is more susceptible to venous insufficiencies.
Market trends include the rising adoption of minimally invasive procedures, increased focus on personalized medicine, and a surge in clinical trials [https://www.transparencymarketresearch.com/clinical-trials-market.html] aimed at enhancing stent efficacy and safety. Furthermore, collaborations between healthcare providers and medical device companies to develop innovative treatment solutions are on the rise. It is anticipated that the venous stents market would keep expanding in the future. The market for cutting-edge stent technology will be propelled by rising healthcare costs as well as increased knowledge of venous disorders and associated treatments. Moreover, continued research and development initiatives will result from the emphasis on enhancing the quality of life for those with venous illnesses. Better patient outcomes and more treatment alternatives will be made available to the market as new goods and technology are developed.
As new products and technologies are introduced, the market will benefit from enhanced treatment options and better patient outcomes. Thus, increasing launches of technologically advanced venous stent system which is expected to boost the market growth. for instance, On June 2024, Koninklijke Philips N.V., launched Duo Venous Stent System for treatment of symptomatic venous outflow obstruction
Key Takeaways of Market Report
-- Global venous stents market to generate absolute dollar opportunity
worth US$ 2.4 billion until 2034.
-- Global venous stents market is valued at US$ 1.1 billion in 2023.
-- North America is forecasted to hold the largest share in 2023.
Venous Stents Market: Growth Drivers
-- Multiple studies indicate a high prevalence of chronic venous
insufficiency across various population groups, with deep vein
thrombosis (DVT) being a significant obstructive disorder affecting the
lower limb venous system. This condition impairs the venous reflex
mechanism, necessitating effective treatments.
-- Venous stenting has advanced significantly with the development of
dedicated venous stents and sophisticated thrombectomy devices. The
approval of several new venous stenting devices by regulatory
authorities has notably boosted the market value. These innovations have
enhanced treatment efficacy, driving demand and expanding the venous
stents market.
Venous Stents Market: Regional Landscape
-- North America held a dominant share of the venous stents market, driven
by advanced healthcare infrastructure, significant investments in
research, and substantial healthcare funding. These factors collectively
enhance market dynamics and innovation in the region.
-- The Asia Pacific region is experiencing the highest CAGR in the venous
stents market, primarily due to a steep rise in the geriatric population
in countries like Japan and China. Although the prevalence of venous
diseases is relatively lower than in the West, the increasing elderly
population fuels the demand for venous stents to treat venous
obstructive disorders.
Venous Stents Market Report Scope:
Report Coverage Details Forecast Period 2024-2034 Base Year 2020-2022 Size in 2023 US$ 1.1 Bn Forecast (Value) in 2034 US$ 2.4 Bn Growth Rate (CAGR) 7.2 % No. of Pages 312 Pages Segments covered By Technology, By Material, By Stent Design, By Placement of Stent, By Indication By End-user
Venous Stents Market: Key Players
-- In 2023, Bentley InnoMed GmbH introduced an advanced venous stent system
designed to enhance flexibility and durability, addressing specific
challenges in treating complex venous obstructions. This development
emphasizes improved patient outcomes and procedural success, reinforcing
Bentley InnoMed's commitment to innovation in the venous stents market.
-- In 2023, Boston Scientific Corporation launched a next-generation venous
stent featuring cutting-edge design and material technology for superior
performance in the treatment of deep vein thrombosis (DVT) and chronic
venous insufficiency. This stent offers enhanced deliverability and
conformability, reflecting Boston Scientific's ongoing efforts to expand
its portfolio and improve treatment options for venous obstructive
disorders.
Venous Stents Market: Segmentation
Technology
-- Iliac Vein Stent Technology
-- Wallstent Technology
-- Others
Material
-- Nitinol
-- Elgiloy
-- Stainless Steel
Stent Design
-- Braided
-- Laser-cut
-- Open-cell
-- Closed-cell
Placement of Stent
-- Lower Limbs
-- Thorax
-- Abdomen
-- Upper Limbs
Indication
-- Chronic Deep Vein Thrombosis
-- Post Thrombotic Syndrome
-- May-Thurner Syndrome
-- Nutcracker Syndrome
-- Hemodialysis / Arteriovenous Fistulae
-- Others
End User
-- Hospitals
-- Ambulatory Surgical Centers
-- Specialty Centers
-- Others
Region
-- North America
-- Europe
-- Asia Pacific
-- Middle East & Africa
-- Latin America
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