Product Code: ETC8837129 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Carotid Artery Stents Market in the Philippines is growing steadily as stenting becomes a widely accepted treatment option for patients at high risk of stroke. Hospitals and specialty clinics are adopting carotid artery stents due to their minimally invasive nature and effectiveness in improving blood flow. However, the market`s growth is moderated by the cost of the procedure and the need for specialized interventional expertise.
The Carotid Artery Stents market in the Philippines is experiencing growth as more individuals with carotid artery disease seek treatment. Carotid artery stents are used to open narrowed or blocked arteries, reducing the risk of stroke. The market is driven by the aging population and the increasing incidence of lifestyle-related diseases, such as hypertension and diabetes, which are major risk factors for carotid artery disease.
The carotid artery stents market faces challenges such as the high cost of stent devices, which makes them less accessible to patients in lower-income demographics. Additionally, there are concerns about the long-term effectiveness and complications associated with stent placement, including restenosis and procedural risks. The lack of specialized healthcare providers in some regions of the Philippines may also limit access to this treatment, as the procedure requires skilled surgeons and advanced medical facilities.
The carotid artery stents market in the Philippines is expected to grow with rising awareness of cardiovascular diseases. As more individuals seek treatment for conditions like carotid artery disease, the demand for carotid stenting procedures increases. Investors can focus on supplying innovative stent designs, enhancing patient outcomes through research and development, and expanding access to high-quality stenting procedures. Partnerships with healthcare facilities and the governments health initiatives could help fuel the market`s growth.
In the Philippines, the Department of Health (DOH) and the Food and Drug Administration (FDA) regulate carotid artery stents to ensure they meet safety standards and are accessible for patients with carotid artery disease. Government policies aim to provide affordable treatment options for those at risk of stroke and other cardiovascular issues. The Department of Science and Technology (DOST) supports research and development in medical device technologies, encouraging local manufacturers to produce innovative and cost-effective stents for the healthcare sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Carotid Artery Stents Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Carotid Artery Stents Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Carotid Artery Stents Market - Industry Life Cycle |
3.4 Philippines Carotid Artery Stents Market - Porter's Five Forces |
3.5 Philippines Carotid Artery Stents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Carotid Artery Stents Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Philippines Carotid Artery Stents Market Revenues & Volume Share, By Mode of Delivery, 2021 & 2031F |
3.8 Philippines Carotid Artery Stents Market Revenues & Volume Share, By End-Use, 2021 & 2031F |
4 Philippines Carotid Artery Stents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Carotid Artery Stents Market Trends |
6 Philippines Carotid Artery Stents Market, By Types |
6.1 Philippines Carotid Artery Stents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Carotid Artery Stents Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Carotid Artery Stents Market Revenues & Volume, By Drug Eluting Stents (DES), 2021- 2031F |
6.1.4 Philippines Carotid Artery Stents Market Revenues & Volume, By Bare Metal Stents (BMS), 2021- 2031F |
6.1.5 Philippines Carotid Artery Stents Market Revenues & Volume, By Bioabsorbable Stents, 2021- 2031F |
6.2 Philippines Carotid Artery Stents Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Philippines Carotid Artery Stents Market Revenues & Volume, By Metals, 2021- 2031F |
6.2.3 Philippines Carotid Artery Stents Market Revenues & Volume, By Polymers, 2021- 2031F |
6.3 Philippines Carotid Artery Stents Market, By Mode of Delivery |
6.3.1 Overview and Analysis |
6.3.2 Philippines Carotid Artery Stents Market Revenues & Volume, By Balloon-expandable Stents, 2021- 2031F |
6.3.3 Philippines Carotid Artery Stents Market Revenues & Volume, By Self-expanding Stents, 2021- 2031F |
6.4 Philippines Carotid Artery Stents Market, By End-Use |
6.4.1 Overview and Analysis |
6.4.2 Philippines Carotid Artery Stents Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.4.3 Philippines Carotid Artery Stents Market Revenues & Volume, By Ambulatory Surgical Centers, 2021- 2031F |
6.4.4 Philippines Carotid Artery Stents Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Carotid Artery Stents Market Import-Export Trade Statistics |
7.1 Philippines Carotid Artery Stents Market Export to Major Countries |
7.2 Philippines Carotid Artery Stents Market Imports from Major Countries |
8 Philippines Carotid Artery Stents Market Key Performance Indicators |
9 Philippines Carotid Artery Stents Market - Opportunity Assessment |
9.1 Philippines Carotid Artery Stents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Carotid Artery Stents Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Philippines Carotid Artery Stents Market Opportunity Assessment, By Mode of Delivery, 2021 & 2031F |
9.4 Philippines Carotid Artery Stents Market Opportunity Assessment, By End-Use, 2021 & 2031F |
10 Philippines Carotid Artery Stents Market - Competitive Landscape |
10.1 Philippines Carotid Artery Stents Market Revenue Share, By Companies, 2024 |
10.2 Philippines Carotid Artery Stents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |