Report Code: A05469 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Stent Materials Market
Request Now !A stent is a tube inserted into the lumen of an anatomic vessel or duct to keep the passageway open for flow of blood or other fluids. Stents are made up of metals, ceramics, polymers, and other natural materials that are used in medical technology to improve the functionality of damaged organs and tissues. These stent materials are often used in medical implants such as artificial heart valves, intraocular lenses, and bone grafts. They serve as the ideal materials for fabricating implantable devices.
Factors such as rise in geriatric population, increase in prevalence of orthopedic & cardiovascular disorders, rise in demand for implantable devices, advancements in medical technology, and heavy funding by government agencies for the development of stent materials are the key factors that drive the growth of the global stent materials market. However, high cost of treatment associated with stent implants, increase in price of production of stent materials, complicated clinical & regulatory processes, and compatibility issues of materials are the factors that restrain the growth of the market. On the contrary, development of the healthcare sector in emerging economies and increase in free-trade agreements are expected to offer lucrative opportunities for market expansion.
The global stent materials market is segmented into material type, application, and region. According to material type, the market is categorized into metallic, polymeric, ceramic, and others. The metallic stent materials segment is expected to hold significant market share, due to increase demand for metals in the manufacturing of medical devices used in orthopedic, dental, and cardiovascular applications. By application, the market is classified into tissue engineering, surgery, wound healing, orthopedic, dental, cardiovascular, ophthalmology, and others.
Region wise, the global stent materials market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these, Asia-Pacific is dominating the market, due to rise in prevalence of cardiovascular diseases and surge in geriatric population in the developing economies such as China & India.
The key players operating in the global stent materials market are Royal DSM, BASF SE, Corbion, Evonik Industries, Cam Bioceramics B.V., Berkeley Advanced Biomaterials, Celanese Corporation, CeramTec, Carpenter Technology Corporation, and GELITA AG. These players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base in the market. For instance, in July 2019, Royal DSM partnered with ProMed Pharma. This partnership helps Royal DSM to develop a novel sustained release drug delivery solution in the polymeric drug delivery area.
Stent Materials Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By APPLICATION |
|
By Region |
|
Key Market Players | Corbion, Evonik Industries, Cam Bioceramics B.V., CeramTec, Boston Scientific Corporation, GELITA AG, Berkeley Advanced Biomaterials, Celanese Corporatione, Carpenter Technology Corporation, BASF SE |
Start reading.
This Report and over 67,068+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers