United States Stent Market to Grow with a Double Digit CAGR until 2026
Increasing vision aesthetics is driving
the growth of United States Stent Market, in the forecast period.
According to TechSci report on, “United States Stent Market By Material Type
(Silicone hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical,
Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By
Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel
(Retail Stores, Hospitals & Clinics, Online) By Region, Competition
Forecast & Opportunities, 2026”,
United States stent market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. United States stent market owes its growth to the factors like surge
in the demand of the stent to overcome the vascular and non-vascular blockage
issues in the human body via surgical procedure. Moreover, the demand of
minimally invasive or non-invasive, diagnostic and surgical equipment including
the medical devices is driving the growth of the United States stent market in
the upcoming five years. Also, the rapidly increasing research and development
of the technological efficient and advanced medical device and their demand to
satisfy the consumer requests id anticipated to support the growth of the
United States stent market in the upcoming five years. Furthermore, increasing
number of diseases like obesity, diabetes, and blood pressure often causes the
issues of cardiac issues including vascular angioplasty is expected to boost
the growth of the market in the upcoming five years. A stent is a medically utilized,
small, metallic or plastic pipe that is inserted surgically by the expert
cardiac surgeons into a blocked passageway to keep it open. In the cases where
the blood clots inside the vascular system of the human body, the clots are
often formed due to various reasons. To reopen the valve or the blockage, a
small stent in inserted that clears the blockage and holds the gap at the
position for the easier and consistent flow of the blood. The blockage can be
due to clotting of blood or from cholesterol and other substance plaque.
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The
United States stent market is segmented on the basis of product type, material
type, type, end user, regional distribution, and competitional landscape. Based
on material type, the market is further bifurcated into metal and polymer. Metal
made stents are anticipated to hold the largest revenue shares of the market and
assert its dominance over the market in the upcoming five years. The factors
like advantage of the metal mesh over polymer mesh is major factor driving the
growth of the market segment and thereby support the growth of the United
States stent market in the next five years.
A
partial list of market player in the United States Stent market includes,
Medtronic USA, Inc, Boston Scientific Corporation, Becton, Dickinson, and
Company, CONMED Corporation, Cook Medical, Inc., Stryker Corporation, Cardinal
Health, Inc., Abbott Laboratories, Inc., Terumo Americas Holding, Inc., B.
Braun Medical Inc., among others. These market players hold larger and major
shares of the market than the new market players. With the advancement of the
technology, it is appropriate to say that the effective research and
development of the technologically advanced medical devices would support the
market growth and benefit the market players as well as the consumers. New
market players may focus on the research and development to provide devices
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“United
States stent market is rapidly growing with the improving healthcare industry.
The states have one of the best healthcare sectors in the whole wide world.
Presence of major market players, growing healthcare industry, government
support to the development of the healthcare sector, private funding that support
the research and development of the technologically advanced medical devices is
anticipated to support the growth of the market. New market players may work on
the partnerships with the distributors for the future market establishments,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United
States Stent Market By Material Type (Silicone hydrogel, Hydrogel, Gas
permeable, Others) By Design (Spherical, Toric, Multifocal, Others) By Wear
Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic,
Cosmetic, Others) By Distribution Channel (Retail Stores, Hospitals &
Clinics, Online) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States 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 States stent market.
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