Stent delivery systems helps in placing the stents into the arteries and narrow blood vessels to open them and ensure proper blood flow. The stents use a self-expanding nitinol design consisting of nickel and titanium. The stents are preloaded on the stent delivery systems. Also the stent delivery system is easy to use, flexible in design with single operator usage. The Stent delivery system minimizes friction during deployment which provides precise stent placements. High procedure cost and lack of surgeons are some of the factors which may hamper the growth of the market. The emergence of new technologies and advancements in stent delivery systems have led to reduction in technical errors and help in releasing the stents at the necessary targets which will increase precision and further increase market for the same.
Stent Delivery System Market: Drivers and Restraints
The stent delivery systems market is driving with the increase in the minimal invasive surgeries. Also increasing number of atherosclerosis, artery diseases is one of the major factor driving the stent delivery systems market. Development of self-expanding stents have and new technologies have created an opportunity for stent delivery systems. Also manufacturers such as Braun are aiming for better devices which can cure the narrowed blood vessels. In comparison to the previous stent systems the company braun has launched a multi stent delivery system which is loaded with six small stents which will reduced the risk of restenosis and thrombosis which will maintain the movement of arteries naturally.
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Also B. Braun has recently declared the launch of NuDEL, all in one stent delivery systems for the treatment of congenital heart defects. Surgery procedures are being combined with the imaging methods for more precise stent placements Increase in the geriatric population suffering from heart diseases and blockages. Rising research activities, increasing regulatory approvals are some of the factors which are driving the growth of stent delivery systems.
The increase in the number of research activities focusing on stent delivery system and an increase in regulatory approvals are some of the factors driving the growth of stent delivery system. Healthcare facilities and hospitals are changing their focus to a better value based system owing to improvement in healthcare. These devices are further used for patients undergoing percutaneous coronary intervention procedures.
These factors stimulate the R&D and medical departments to overcome the deficiencies for better alternative Stent delivery systems.
Stent Delivery System Market: Regional Outlook
Geographically, stent delivery systems market is segmented into North America, Europe, Latin America, Asia-Pacific, Japan and Middle East & Africa. North America region is expected to dominate stent delivery systems market globally, followed by Europe, due to increasing number of patients suffering from heart diseases and blockages. Further, the availability of advanced products replacing the traditional systems are growing in the Unites States and is expected to boost the market Stent delivery systems devices in the region. The new advanced systems provide comfort to the patient.
The stent delivery systems market in Asia Pacific is expected to grow at a higher rate due to the growing geriatric population, which is further expected to increase the adoption of stent delivery systems devices. In addition, countries such as India and China in Asia Pacific and Latin America are expected to witness higher revenue growth during the forecast period.
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Stent delivery systems Market: Key Players
Some of the major players in the stent delivery systems Market are Boston Scientific Corporation, B. Braun Melsungen AG, Medtronic Plc., Stryker Corporation, ELLA – CS, s.r.o., Becton, Dickinson and Company, Svelte Medical, Abbott, Terumo Europe NV among others. Moreover, the manufacturers of stent delivery systems market are mainly focusing on strengthening and increasing the core competencies of their product portfolio.