Venous stents are catheters to repair vein diseases like deep vein thrombosis (DVT) and peripheral venous disease (PVD). They are used to open narrowed or congested veins, which increases blood circulation and decreases pain, swelling and even ulceration. The venous stent market is increasing with the rising number of venous disorders, advancement in stent technologies and increasing concern for minimally invasive treatments.
Market Overview
The global venous stent market is classified based on product type (self-expanding stents, balloon-expandable stents), application (deep vein thrombosis, peripheral venous disease, varicose veins) and end-user (hospitals, clinics, ambulatory surgical centres).
Key Market Trends
- Growing Number of Venous Disorders: As the prevalence of venous disorders is rising in the elderly demographic, the need for efficient treatment solutions such as venous stents is growing.
- Innovations in Stent Technology: Efforts made to introduce new designs of stents (e.g., drug-eluting stents and bioresorbable stents) are improving the effectiveness and safety of venous stent procedures.
- Major Demand for Minimally Invasive Procedures: More and more patients prefer minimally invasive procedures like venous stenting to avoid the dangers and risks of open surgeries.
- Increase in Healthcare Costs: Increases in healthcare costs, especially in developing countries, are driving the market for advanced medical devices such as venous stents.
- Aging Population: Ageing is the vulnerable group in regards to venous diseases which require more treatment.
Market Size and Forecast
The Venous stents in the healthcare market were valued at US$ 829.0 million in 2017 and it is projected to reach US$ 1,727.4 million by 2025; it is expected to grow at a CAGR of 9.7% from 2018 to 2025.
Frequently Asked Questions
Why is the growth of the venous stent market major?
- Rising prevalence of venous disorders
- Advancements in stent technology
- Preference to less invasive procedures.
- Increasing healthcare expenditure
- Aging population
What are the geographical regions that will drive the venous stent market?
North America and Europe have established stent markets, but Asia-Pacific is fast becoming a huge market due to rising healthcare spending and awareness.
How is the market for venous stents going?
- Dishonest equipment and surgeries: expensive.
- Consequences: possible thrombosis and stent ejection.
- Small amount of reimbursement in some states.
- Competence and training needed for a procedure of venous stent placement.
What are the latest trends in the venous stent market?
- Development of bioresorbable stents
- Combination of imaging technology for exact stent placement.
- Personalized medicine approaches
- Telemedicine and remote monitoring
What are the opportunities available for the market of venous stents for manufacturers and clinicians?
- Conduct R&D to come up with new stent designs.
- Develop collaboration with key influencers and clinicians.
- Be patient-oriented and educated.
- Prioritize patient safety and efficacy
- expand into emerging markets
The market for venous stents is expected to grow tremendously due to rising demand for minimally invasive and efficacious treatment of venous diseases. Manufacturers and physicians can identify market trends and opportunities and better serve patients by knowing the challenges.
