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Europe Stents Market Revenue to Exceed $1.7 Bn by 2027

Author : Ronak Bora | Published Date : 2021-08-26 

With the growing need for undergoing minimally invasive surgeries, Europe stents market outlook is set to make a significant headway through the next seven years. Over the past decade, the number of patients diagnosed with cardiovascular diseases (CVDs) has seen a substantial uptick across European countries. This has triggered the demand for percutaneous coronary intervention (PCI) or angioplasty, a surgical procedure that involves the use of stents.

The geriatric population is particularly prone to chronic conditions and CVDs, requiring angioplasty procedures. The adoption of peripheral vascular procedures has also been rising throughout Europe. As per the records by the Europe Statistics, individuals aged 65 and above represented over one fifth (20.3%) of the total population in the European Union (EU). As such, the high concentration of aging population is one of the primary drivers of the Europe stents market.

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The following five trends are demarcating the progression of the stents industry outlook in Europe up to 2027:

Long-term integrity of metal stents

By material, the market has been bifurcated into metal and polymer. The Europe stents market share from the metal segment is slated to expand at a steady rate through the forecast timeline and was valued at over $1.3 billion during 2020. The possibility of integrating metal stents with biodegradable polymers has been generating fresh opportunities for the leading stents manufacturers, who are aiming to tap this opportunity. These stents are preferred due to their long-term integrity.

As per the WHO data, more than 3.9 million individuals in Europe die due to CVD annually. As the condition has been taking a toll across the European region, the high mortality is likely to elicit more demand for effective treatments and procedures. To meet this demand, market players are developing technologically advanced products. For instance, the recent launch of Xience Sierra by Abbot promises improved patient outcomes. The new drug-eluting stent (DES) minimizes the risk of stent thrombosis, supporting the Europe stents market.

Affordability of ambulatory surgical centers

Europe stents market is categorized into ambulatory surgical centers, hospitals, and others, in terms of end-use. The ambulatory surgical center segment is poised for significant growth through the next few years, owing to their cheaper costs and higher convenience. With the COVID-19 pandemic severely targeting the region, the need for affordable medical treatments is more pressing than ever before. During 2020, the stents industry share from ambulatory surgical center segment was estimated at $302.5 million and is slated to grow at a 2.1% CAGR through 2027.

Incidence of coronary heart disease (CHD) across the U.K.

The U.K. stents industry size is anticipated to represent a significant chunk of the total Europe stents market, growing at a promising 1.5% CAGR through 2027. With the percentage of the elderly population having increased across the nation, the consumption of drug-eluting stents, coronary vascular stents, and angioplasty balloons is seeing a spike across all major British hospitals and ambulatory surgical centers.

As per the data published by the Office of National Statistics (ONS), more than 12 million British residents were aged 65 and more during 2018. Similarly, the British Heart Foundation states that coronary heart disease or CHD is the most frequently diagnosed heart condition affecting more than 7.6 million U.K. citizens every year. This is likely to pave the way for Europe stents market forecast.

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B Braun, Boston Scientific, Stryker Corporation, Biotronik, Medtronic, and Abbott are some leading stents manufacturers and suppliers in Europe.

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Europe Stents market summary, 2016 – 2027

2.1.1    Country trends

2.1.2    Product trends

2.1.3    Material trends

2.1.4    Type trends

2.1.5    End-use trends

Chapter 3   Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2016 - 2027

3.3    Major factor analysis

3.3.1    Drivers

3.3.1.1    Increasing prevalence of cardiovascular disease across the Europe region

3.3.1.2    Rising demand for minimally invasive procedures

3.3.1.3    Unhealthy and sedentary lifestyle

3.3.1.4    Increasing geriatric population

3.3.2    Industry pitfall and challenges

3.3.2.1    Stent failure and recall

3.3.2.2    Stringent regulatory approvals

3.4    COVID-19 impact analysis

3.5    Porter’s analysis

3.6    Competitive review, 2020

3.7    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1642/europe-stents-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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