Venous Stent Market – A Rising Answer to Venous Problems

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.

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.

About The Insight Partners

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