PUBLISHER: Value Market Research | PRODUCT CODE: 1513768
PUBLISHER: Value Market Research | PRODUCT CODE: 1513768
The global demand for Bare-metal Stents Market is presumed to reach the market size of nearly USD 6.28 Billion by 2032 from USD 3.81 Billion in 2023 with a CAGR of 5.69% under the study period 2024-2032.
Bare-metal stents (BMS) are tubular mesh devices used to manage narrowed or blocked coronary arteries in individuals diagnosed with coronary artery disease. These stents are made of metal, typically stainless steel or cobalt-chromium, and are inserted into the artery via a minimally invasive procedure called angioplasty. BMS provides immediate structural support to keep the artery open, enhancing blood flow to the heart. However, unlike drug-eluting stents, BMS does not release medication to prevent restenosis (re-narrowing of the artery). Despite this, they are still widely used due to their simplicity, cost-effectiveness, and reduced risk of very late stent thrombosis compared to drug-eluting stents.
The bare-metal stents market is propelled by the increasing incidence of cardiovascular diseases, like coronary artery disease, which necessitates using stents for effective treatment. Advances in stent technology and materials, enhancing the safety and efficacy of bare-metal stents, significantly contribute to their demand. Additionally, the growing number of minimally invasive surgical procedures and the increasing preference for bare-metal stents in certain patient populations propel market growth. The growing elderly population, who are more susceptible to cardiovascular conditions, further boosts the market growth. Government initiatives and funding for cardiovascular disease management and improving healthcare infrastructure in emerging economies provide a conducive environment for market growth.
Furthermore, increasing awareness about the benefits of these stents and their availability in various healthcare settings drives their adoption. The development of novel bare-metal stent designs and ongoing research and development activities also positively impact the market. However, the increasing preference for drug-eluting stents and the risk of restenosis may challenge market growth in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Bare-metal Stents. The growth and trends of Bare-metal Stents industry provide a holistic approach to this study.
This section of the Bare-metal Stents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Bare-metal Stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Bare-metal Stents market include Abbott Laboratories, Boston Scientific Corporation, Medtronic Plc, Terumo Corporation, Cook Medical, B. Braun Melsungen AG, Biotronik SE & Co. KG, Meril Life Sciences Pvt. Ltd., Translumina GmbH, Lepu Medical Technology(Beijing) Co. Ltd., Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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