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% between 2024 and 2034.
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 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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