Global Gel Stent Market: Overview
For the treatment of the narrowed arteries, a small tube which is expandable is used; this small tube is known as a stent. To prevent the arteries from bursting and providing blood flow to the weak arteries the stents prove very helpful. Soft collagen derived gelatin is used for the preparation of the gel stent. The stent gets hydrated and puffs up while injecting, which creates a flexible and soft channel that sticks to the ocular tissue and is not able to move. The procedure is minimally invasive.
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Global Gel Stent Market: Segmentation
The market for gel stent is globally fragmented into clinical trials and end user. Depending on the clinical trials, the global market is segregated into preclinical, clinical phase I/II, clinical phase III, Research, clinical phase I, and clinical phase II. Depending on the end user, the market is categorized into eye research institutes, eye clinics, and hospitals.
Global Gel Stent Market: Growth Factors
One of the leading causes of blindness is glaucoma. Another factor is the population that is above the age of 40 has more chances of contracting eye diseases and faulty eye structures. Increase in the geriatric population and the above-stated reasons are the factors that are driving the growth of the global gel stent market. There are many cases of glaucoma being registered across the world thus fuelling the market growth. The factors that will fuel the market growth in the coming years are the rise in the healthcare expenditure, developments in the technologically advanced procedure, increase in the cases of glaucoma, increasing demand for the minimally invasive procedures. There are also some factors that will restrain the market growth such as lack of availability of professionals that have good knowledge and the increased cost of the procedure. The absence of knowledge and experience regarding the technique, efficacy, and the complication that are included in the gel stent are the other factors that will affect the gel stent market negatively.
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Global Gel Stent Market: Regional Analysis
The global gel stent market is regionally diversified into Latin America, the Middle East & Africa, Western Europe, Eastern Europe, North America, and Asia Pacific. The highest market growth is registered by the North America in terms of value and it is followed by Europe. Increase in the awareness among the consumers regarding the latest treatment and technologies, developing economies, and the increase in the number of cases of glaucoma are some of the factors that are contributing to the growth of the gel stent market. In the coming years, the market growth in Asia Pacific region will experience a rapid improvement owing to the prevalence of glaucoma, rising significance given for the development of the novel technology, developing economy, and others.
Global Gel Stent Market: Competitive Players
The key market players that are involved in the gel stent market include AqueSys, Inc. and ALLERGAN.
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Global Gel Stent Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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