Here’s what’s driving the APAC vascular stents market

One key factor is healthcare infrastructure advancements.

A rising prevalence of cardiovascular diseases amongst an ageing population is driving the growth of the vascular stents market in the Asia Pacific (APAC) region, according to MarketsandMarkets.

The report said that the region is the fastest-growing segment in the global sector.

“The Economic and Social Commission for Asia and the Pacific (ESCAP) reports that 60% of the global elderly population resides in this region, a number expected to double by 2050,” it said.

Moreover, developments in healthcare infrastructure and greater awareness of cardiovascular health are fuelling the market’s expansion in APAC.

On a broader scale, the global market for vascular stents is projected to reach $15.6b by 2029, with a compound annual growth rate (CAGR) of 6.5%. 

“Hospitals are the largest end users, reflecting the high demand for stent-based treatments in cardiovascular care,” the report added.