Global Renal Stents Market is Poised to Reach USD 1 Billion by 2026 End

  • 20 Jun 2019

The global renal stents market size is expected to reach around USD 1 billion by 2026 end with a CAGR of around 4.5% during the forecast period, 2019-2026

The fast-paced lifestyle of today is stressful which has led to some known health disorders like high blood pressure, hypertension etc. Such disorders cause the narrowing of the renal artery, which is the largest blood vessel that carries blood to the kidneys thus causing blockage of blood flow and this phenomenon is called renal stenosis. This is mainly caused by fibrous artery disease or atherosclerosis. The treatment of stenting opens up the blockage restoring the blood flow. To carry out this procedure, a renal stent is implanted by an invasive procedure that is minimal and which balloon catheter and guide wire. 
The rise of hypertension patients across the world have provided a healthy environment for the growth of renal stents market globally. Along with that, unhealthy and irregular eating habits, lack of exercise will also fuel the growth of renal stents market across the world. The most common reason for people getting renal stenosis in the old age group is atherosclerosis which is caused due to the building up of plaque inside the arteries. Coronary artery disease, peripheral vascular disease, stroke and chronic kidney disease are some of the complications that are associated with renal artery stenosis. One of the remedies suggested by doctors is to lower cholesterols levels of the body for which they provide prescribed medicine. Angiotensin-Converting Enzyme (ACE) inhibitors and angiotensin II receptor blockers are commonly used for lowering blood pressure thus treating renal artery stenosis. 
Although the side effects associated with some renal artery stenosis medications and also there is no proper treatment for renal artery stenosis causing due to fibromuscular dysplasia are some of the drawbacks which could restrain the growth of renal stents market.

Insights on Global Renal Stents market:
1. By Region

•    North America
•    Europe
•    Asia Pacific
•    Latin America
•    Rest of the World
North America and Europe hold a significant amount of global market share dominating this market and it is expected to stay the same during the forecast period. Asia Pacific is fast-growing and is currently the most opportunistic market region for manufacturers due to a rise in the prevalence of renal artery stenosis.  Latin America and Rest of the World regions are yet to be explored in this market and thus has a potential of strong growth opportunities and are expected to show a consistent growth rate during the forecast period. 

2. By Cause
•    Atherosclerosis
•    Fibromuscular Dysplasia
Around 90% of the total renal artery stenosis cases occur due to atherosclerosis. This is because atherosclerosis is mainly found in the geriatric population which acquire a larger share of the global patient pool and therefore will dominate this market segment throughout the forecast period. Fibromuscular dysplasia is a rare kind of renal artery stenosis and is commonly observed in the young age group and primarily in women. The medications provided for fibromuscular dysplasia associated renal stenosis have some side effects which will hamper the market growth resulting in a slow rise during the forecast period. 

3. By End User
•    Hospitals
•    Surgical centres
Hospitals have good infrastructure than some surgical centres which can perform the implantation of renal stents with efficiency resulting in their dominance in this market segment. It is expected that hospitals will be dominating the market during the forecast period as well.

Competitive Landscape:
•    Abbott Laboratories
•    Boston Scientific Corp.
•    Cook Medical
•    Hexacath

FutureWise Key Takeaways:
•    Growth prospects
•    SWOT analysis 
•    Key trends 
•    Key data-points affecting market growth 

Objectives of the Study:
•    To provide with an exhaustive analysis on the global renal stents market by region, by cause, by end-user
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market 
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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