Stents Market Outlook in Asia Pacific 2021 - Industry Statistics Analysis by 2027

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Asia Pacific Stents Market to Surpass 9.4 Bn by
2027 Graphical Research
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APAC Stents Market size is anticipated to exceed
USD 9.4 billon by 2027, according to a
latest forecast report by Graphical Research.
Rising geriatric population base coupled with
presence of large number of manufacturers in the
region will spur the market expansion. Advancemen
t in healthcare technology is increasing that
will drive the Asia Pacific stents market in the
region. Stenting technology is increasing and
mostly preferred over conventional balloon
angioplasty due to introduction of advanced DES
and evolving of bioresorbable scaffolds.
Advancement in technology in coronary stents
including biodegradable materials have led to
efficient and better outcomes pertaining to the
cardiovascular disease treatment.   Increasing
number of elderly population will drive the
market in the region. The number of these
patients that undergo percutaneous coronary
intervention has increased tremendously over the
last decade. PCI is effective in old age
including careful approach to patient selection
to obtain better outcome is essential. Due to
this advantage, there is an increase in usage of
stents that drives the market size in the region.
However, stringent regulatory approvals may
restrain the market growth.   On the basis of
product, the stents market is segmented into
vascular stents and non-vascular stents.
Non-vascular stents segment accounted for USD
477.3 million revenue in 2020. Nonvascular stents
are used for various application such as
oesophageal, bronchial, including biliary and
tracheal implantations. Stents employ minimally
invasive procedures for implantation that is
preferred in contrast to an open surgical
procedure. This increases the demand of usage of
stents and propels the segmental growth.
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On the basis of product, the stents market is
segmented into vascular stents and non-vascular
stents. Non-vascular stents segment accounted for
USD 477.3 million revenue in 2020. Nonvascular
stents are used for various application such as
oesophageal, bronchial, including biliary and
tracheal implantations. Stents employ minimally
invasive procedures for implantation that is
preferred in contrast to an open surgical
procedure. This increases the demand of usage of
stents and propels the segmental growth.   On the
basis of material, the market is bifurcated into
metal and polymer. The polymer stents segment is
expected to gather considerable gains of over
6.4 from 2021 to 2027. Polymers have wide
application in cardiology especially in coronary
vascular intervention as coating matrices and
stent platforms for drug-eluting stents.
Researchers are focusing on biodegradable
polymers other than permanent polymers.   Based
on type, the market is segmented into
self-expandable and balloon expandable stents.
Self-expandable stents segment size is expected
to cross USD 3.6 billion by 2027. Self-expandable
stents are developed in certain size and then
constrained and collapsed on the distal end of
the stent delivery system. This leads to increase
in outcome for the percutaneous coronary
intervention procedure.   On the basis of
end-use, the APAC stents market is divided into
hospital, ambulatory surgical center and others.
Ambulatory surgical centers segment revenue was
over USD 1.3 billion in 2020. Ambulatory surgical
center is well equipped with all medical devices
including stents that are essential devices. This
device is used mostly during the minimally and
surgical procedures. Also, other advantages
associated with ambulatory surgical centers is
reduced hospital stay and quick recovery.  
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The Australia stents market is predicted to
register a growth of over 5.4 between 2021 and
2027. Growing adoption of sedentary lifestyle
with lack of physical activity and consumption of
sub-optimal diet will lead to high risk of
cardiovascular disorders. Also growing geriatric
population and increasing prevalence of chronic
diseases are positively influencing the
market.    Major players operating in the market
are Abbott Laboratories, Boston Scientific
Corporation and Medtronic, among others. These
market players focusing on various business
strategies such as collaboration, geographic
expansion to strengthen their market position.
For instance, in September 2020, OrbusNeich
Medical Co. Ltd announced launch of its Combo
Bio-engineered sirolimus eluting stent in China.
This approval will strengthen the companys
presence in the growing market and increase its
revenue generation stream.
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Segmentation of Asia Pacific Stents Market Asia
Pacific Market, By Product, 2016-2027 (USD
Million) Vascular stents Coronary stents Bare
metal stents Drug eluting stents Bioresorbable
stents Peripheral stents Iliac Femoral-popliteal R
enal Carotid Neurovascular stents Non-vascular
Stents Asia Pacific Market, By Material,
2016-2027 (USD Million) Metal Polymer Asia
Pacific Market, By Type, 2016-2027 (USD
Million) Self-expandable Balloon expandable  
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Asia Pacific Market, By End-Use, 2016-2027 (USD
Million) Hospitals Ambulatory surgical
centers Other The above information is provided
for the following countries Asia
Pacific Japan China India Australia Singapore Sout
h Korea Malaysia Thailand Philippines Indonesia Ot
hers
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