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.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on “UNITED KINGDOM STENT MARKET“
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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