Surgical Procedures Market for Cladding Stent Systems to Grow Steadily During the Forecast Period

Overmolded stent systems are used in surgical procedures to treat abdominal aortic aneurysms (AAA) and peripheral arterial disease. Some of the key factors driving the growth of the market include increasing geriatric population, increasing incidence of AAA, and technological advancements in stent grafting systems.

Based on product type, the global surgical market for overlay stent systems is categorized into abdominal aortic overlay stents and peripheral overlay stents. In 2021, the abdominal aortic overlay stents segment accounted for a larger market share due to high prevalence of AAA. These stent grafts are used to treat aortic aneurysms between the renal arteries and the iliac bifurcation. The peripheral overlay stents segment is expected to witness higher growth over the forecast period due to increasing burden of peripheral artery disease.

Based on material, the market is segmented into metal, polymer, and others. The metal-clad stent system segment currently dominates the market. However, the polymer segment is expected to expand at a higher CAGR during the forecast period. Polymer materials offer advantages such as flexibility, biocompatibility, and resistance to fracture. This has increased their adoption by surgeons.

On the basis of end-use, the global surgical market for laminating stent systems covers hospitals, outpatient surgery centers, and others. Hospitals held the largest market share in 2021. However, the outpatient surgery centers segment is expected to grow at the highest CAGR over the same period. This is due to growing preference for outpatient surgeries and increasing number of ASCs across the globe.

Geographically, North America accounted for a major share of the global overlay stent systems in the surgical procedures market in 2021. This can be attributed to factors such as rising prevalence of AAA, growing geriatric population, robust healthcare infrastructure, and presence of key market players. On the other hand, Asia Pacific is likely to offer lucrative opportunities to the market players due to improving healthcare facilities, increasing medical tourism, and rising healthcare expenditure in the region.

Some of the prominent players in the global surgical market for overlay stent systems include Cook Medical, Medtronic, Terumo Corporation, WL Gore & Associates, MicroPort Scientific Corporation, ENDOLOGIX, INC, Lombard Medical, Cardinal Health, Becton, Dickinson and Company , B. Braun Melsungen AG.These companies are focusing on new product launches, mergers and acquisitions, and geographic expansion to increase their market share.

In conclusion, the global surgical market for overlay stent systems is expected to grow steadily over the forecast period due to rising incidence of abdominal aortic aneurysms and peripheral arterial diseases. Increasing investments in R&D for advanced graft materials and minimally invasive procedures will further drive the market in the coming years. Growing medical tourism in developing countries also offers lucrative opportunities for stakeholders.