Radioactive Stents Market Forecast (2024-2031)
The Radioactive Stents Market is expected to register a CAGR of 5.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product Type ( Retrograde Stents, Antegrade Stents, Internal (double-J) Stents ). The report is segmented by Application ( Lithotripsy, Ureteroscopy, Ureteroenoscopy, Percutaneous Nephrolithotomy ). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Radioactive Stents Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Radioactive Stents Market Segmentation
Product Type- Retrograde Stents
- Antegrade Stents
- Internal
- Lithotripsy
- Ureteroscopy
- Ureteroenoscopy
- Percutaneous Nephrolithotomy
Strategic Insights
Radioactive Stents Market Growth Drivers- Increasing Prevalence of Cardiovascular Diseases: Globalization in cardiovascular diseases (CVDs) is the main driver of the radioactive stents market. According to a WHO report, there will be 17.9 million yearly deaths due to CVDs and top the first line for mortality rate globally. Sedentary lifestyle increases the aging population, which in turn increases the incidence rate of obesity and diabetes, thereby contributing immensely to this fact. There is, therefore, increasing need for effective treatments, such as radioactive stents, that decrease the possibility of restenosis following the process of angioplasty.
- Technological Advancements: Continuous innovations in medical technology are making radioactive stents not only more effective but also safer. With advancements in radiation delivery systems, biocompatible materials, and design improvements, the devices become more appealing to healthcare providers and patients. For instance, the advancements in brachytherapy techniques deliver higher precision in delivering the radiation without damage in surrounding tissue areas and with fewer side effects. Furthermore, advancements in coatings for stents and drug-eluting technologies also enhance outcome for the patients and increase demand.
- Growing Focus on Personalized Medicine: A part of this transformation, especially in complex diseases, is the coming on board of personalized medicine in health care. Personalized approaches mean that health care professionals can tailor treatments according to individual patient characteristics- such as genetic profiles and specific disease characteristics. A radioactive stent, for instance, could be designed to release certain doses of radiation specifically suited to the size of a tumor and where it is located in the body, or according to patient health status, thus making treatment much more effective. The demand for an increase in R&D is thus sited as a key driver that extends the growth of the market.
- Integration of Imaging Technologies: Advanced imaging technology integrated with radioactive stents has been the most prominent trend in the market. IVUS and OCT are visualizing placement and performance of stents, real-time visualization of stents in place. This enables the healthcare provider to monitor treatment efficacy, make informed decisions, and optimize patient outcomes. With increased utilization of these imaging technologies, their integration with radioactive stents will improve treatment accuracy and enhance safety for patients.
- Shift Towards Outpatient Procedures: There is a rising trend of outpatient treatments for cardiovascular diseases, including radioactive stents. Minimal invasive techniques, such as angioplasty and stenting, are now undertaken on an outpatient basis to make the patient recover soon and get back sooner to their daily activities. This shift has an advantage of improved patient satisfaction and decreased health cost. With the increasing trend of out-patient care, use of safer and more effective treatments like a radioactive stent may increase.
- Regenerative Medicine and Combination Therapies: The field of regenerative medicine is pretty fast-paced, and researchers have explored the possibility of mixing radioactive stents with regenerative therapies. Such combinations are known to ameliorate healing, along with regeneration of tissues, in combination with targeted radiation therapy. For instance, the integration of stem cell therapies with radioactive stents is expected to make vascular healing even more effective and reduce the rate of restenosis. Such innovative approaches are expected to lead the radioactive stent market to newer heights, providing patients with more efficacious treatment alternatives.
- Emerging Markets: Emerging markets have much potential for the market size for radioactive stents. Urbanization is rapid, with fast growth, expending health care expense and increasing cardio-disease awareness among Indian, Chinese and Brazilian consumers. Moreover, better health infrastructures and larger segments of the population gaining access to high-tech medical technology would call for better treatments such as radioactive stents. Companies who position themselves appropriately would benefit from the positive effects of increased adoption and market share.
- Regulatory Approvals and Collaborations: The regulatory authorities, such as the U.S. Food and Drug Administration, will approve the new radioactive stent products that will create a scope for expansion. Companies engaged in research collaborations, clinical trials, and tie-ups with academic institutions and healthcare providers would create wealth for the company by adding newer products to their portfolio and spread across markets. In the process of research collaborations, such innovative therapies can be developed as radioactive stents may be integrated with other treatment modalities to cover all aspects of treating the patient.
- Rising Awareness and Education Initiatives: Building greater awareness about the benefits from both the patient's and provider's ends will also help open up additional space for market growth. Educational forums such as workshops and seminars, as well as online data, can educate the patient or provider about the multiple benefits that these devices entail. This increased awareness will translate into larger market adoption rates and thus more demand for radioactive stents, making for a wholesome growth opportunity in the market among manufacturers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Radioactive Stents Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Radioactive Stents Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Players operating in the market are Abbott Laboratories, Aetna Inc., Allium Medical Solutions Ltd., APC Cardiovascular Ltd., C.R. Bard, Changzhou Zhiye Co Ltd., Cook Medical Inc., Medline Industries Ltd, Micro-Tech Pvt. Ltd
Retrograde Stents segment, by Product Type, dominated the market in 2023.
North America region dominated the Radioactive Stents market in 2023.
Regulatory Approvals and Collaborations act as a opportunity for growth of the market in forecast period.
The Radioactive Stents Market is estimated to witness a CAGR of 5.8% from 2023 to 2031
The major factors driving the Radioactive Stents market are:
1. Increasing Prevalence of Cardiovascular Diseases
2.Growing Focus on Personalized Medicine
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Radioactive Stents Market - By Product Type
1.3.2 Radioactive Stents Market - By Application
1.3.3 Radioactive Stents Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RADIOACTIVE STENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. RADIOACTIVE STENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. RADIOACTIVE STENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. RADIOACTIVE STENTS - GLOBAL MARKET OVERVIEW
6.2. RADIOACTIVE STENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. RADIOACTIVE STENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. RETROGRADE STENTS
7.3.1. Overview
7.3.2. Retrograde Stents Market Forecast and Analysis
7.4. ANTEGRADE STENTS
7.4.1. Overview
7.4.2. Antegrade Stents Market Forecast and Analysis
7.5. INTERNAL (DOUBLE-J) STENTS
7.5.1. Overview
7.5.2. Internal (double-J) Stents Market Forecast and Analysis
8. RADIOACTIVE STENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. LITHOTRIPSY
8.3.1. Overview
8.3.2. Lithotripsy Market Forecast and Analysis
8.4. URETEROSCOPY
8.4.1. Overview
8.4.2. Ureteroscopy Market Forecast and Analysis
8.5. URETEROENOSCOPY
8.5.1. Overview
8.5.2. Ureteroenoscopy Market Forecast and Analysis
8.6. PERCUTANEOUS NEPHROLITHOTOMY
8.6.1. Overview
8.6.2. Percutaneous Nephrolithotomy Market Forecast and Analysis
9. RADIOACTIVE STENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Radioactive Stents Market Overview
9.1.2 North America Radioactive Stents Market Forecasts and Analysis
9.1.3 North America Radioactive Stents Market Forecasts and Analysis - By Product Type
9.1.4 North America Radioactive Stents Market Forecasts and Analysis - By Application
9.1.5 North America Radioactive Stents Market Forecasts and Analysis - By Countries
9.1.5.1 United States Radioactive Stents Market
9.1.5.1.1 United States Radioactive Stents Market by Product Type
9.1.5.1.2 United States Radioactive Stents Market by Application
9.1.5.2 Canada Radioactive Stents Market
9.1.5.2.1 Canada Radioactive Stents Market by Product Type
9.1.5.2.2 Canada Radioactive Stents Market by Application
9.1.5.3 Mexico Radioactive Stents Market
9.1.5.3.1 Mexico Radioactive Stents Market by Product Type
9.1.5.3.2 Mexico Radioactive Stents Market by Application
9.2. EUROPE
9.2.1 Europe Radioactive Stents Market Overview
9.2.2 Europe Radioactive Stents Market Forecasts and Analysis
9.2.3 Europe Radioactive Stents Market Forecasts and Analysis - By Product Type
9.2.4 Europe Radioactive Stents Market Forecasts and Analysis - By Application
9.2.5 Europe Radioactive Stents Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Radioactive Stents Market
9.2.5.1.1 Germany Radioactive Stents Market by Product Type
9.2.5.1.2 Germany Radioactive Stents Market by Application
9.2.5.2 France Radioactive Stents Market
9.2.5.2.1 France Radioactive Stents Market by Product Type
9.2.5.2.2 France Radioactive Stents Market by Application
9.2.5.3 Italy Radioactive Stents Market
9.2.5.3.1 Italy Radioactive Stents Market by Product Type
9.2.5.3.2 Italy Radioactive Stents Market by Application
9.2.5.4 Spain Radioactive Stents Market
9.2.5.4.1 Spain Radioactive Stents Market by Product Type
9.2.5.4.2 Spain Radioactive Stents Market by Application
9.2.5.5 United Kingdom Radioactive Stents Market
9.2.5.5.1 United Kingdom Radioactive Stents Market by Product Type
9.2.5.5.2 United Kingdom Radioactive Stents Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Radioactive Stents Market Overview
9.3.2 Asia-Pacific Radioactive Stents Market Forecasts and Analysis
9.3.3 Asia-Pacific Radioactive Stents Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Radioactive Stents Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Radioactive Stents Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Radioactive Stents Market
9.3.5.1.1 Australia Radioactive Stents Market by Product Type
9.3.5.1.2 Australia Radioactive Stents Market by Application
9.3.5.2 China Radioactive Stents Market
9.3.5.2.1 China Radioactive Stents Market by Product Type
9.3.5.2.2 China Radioactive Stents Market by Application
9.3.5.3 India Radioactive Stents Market
9.3.5.3.1 India Radioactive Stents Market by Product Type
9.3.5.3.2 India Radioactive Stents Market by Application
9.3.5.4 Japan Radioactive Stents Market
9.3.5.4.1 Japan Radioactive Stents Market by Product Type
9.3.5.4.2 Japan Radioactive Stents Market by Application
9.3.5.5 South Korea Radioactive Stents Market
9.3.5.5.1 South Korea Radioactive Stents Market by Product Type
9.3.5.5.2 South Korea Radioactive Stents Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Radioactive Stents Market Overview
9.4.2 Middle East and Africa Radioactive Stents Market Forecasts and Analysis
9.4.3 Middle East and Africa Radioactive Stents Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Radioactive Stents Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Radioactive Stents Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Radioactive Stents Market
9.4.5.1.1 South Africa Radioactive Stents Market by Product Type
9.4.5.1.2 South Africa Radioactive Stents Market by Application
9.4.5.2 Saudi Arabia Radioactive Stents Market
9.4.5.2.1 Saudi Arabia Radioactive Stents Market by Product Type
9.4.5.2.2 Saudi Arabia Radioactive Stents Market by Application
9.4.5.3 U.A.E Radioactive Stents Market
9.4.5.3.1 U.A.E Radioactive Stents Market by Product Type
9.4.5.3.2 U.A.E Radioactive Stents Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Radioactive Stents Market Overview
9.5.2 South and Central America Radioactive Stents Market Forecasts and Analysis
9.5.3 South and Central America Radioactive Stents Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Radioactive Stents Market Forecasts and Analysis - By Application
9.5.5 South and Central America Radioactive Stents Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Radioactive Stents Market
9.5.5.1.1 Brazil Radioactive Stents Market by Product Type
9.5.5.1.2 Brazil Radioactive Stents Market by Application
9.5.5.2 Argentina Radioactive Stents Market
9.5.5.2.1 Argentina Radioactive Stents Market by Product Type
9.5.5.2.2 Argentina Radioactive Stents Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL RADIOACTIVE STENTS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. RADIOACTIVE STENTS MARKET, KEY COMPANY PROFILES
12.1. ABBOTT LABORATORIES
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. AETNA INC.
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ALLIUM MEDICAL SOLUTIONS LTD.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. APC CARDIOVASCULAR LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. C.R. BARD
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CHANGZHOU ZHIYE CO LTD.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. COOK MEDICAL INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. MEDLINE INDUSTRIES LTD
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. MICRO-TECH PVT. LTD.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. PNN MEDICAL A/S
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Abbott Laboratories
2. Aetna Inc.
3. Allium Medical Solutions Ltd.
4. APC Cardiovascular Ltd.
5. C.R. Bard
6. Changzhou Zhiye Co Ltd.
7. Cook Medical Inc.
8. Medline Industries Ltd
9. Micro-Tech Pvt. Ltd.
10. Pnn Medical A/S
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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