South Korea Self-Expanding Stent Market Size, Share, and COVID-19 Impact Analysis, By Material (Nitinol, Stainless Steel, Polymer), By Application (Cardiovascular, Urology, Gastroenterology, Pulmonology), and South Korea Self-Expanding Stent Market Insights, Industry Trend, Forecasts to 2035.

South Korea Self-Expanding Stent Market Insights Forecasts to 2035

• The South Korea Self-Expanding Stent Market size is Expected to Grow at a CAGR of around 4.4% from 2025 to 2035
• The South Korea Self-Expanding Stent Market size is expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Self-Expanding Stent Market is anticipated to grow at a CAGR of 4.4% from 2025 to 2035. The market is driven by rising demand for minimally invasive treatments across multiple specialties and advancements in nitinol technology, coatings, and delivery systems that improve outcomes and expand clinical use.

Market Overview

The South Korea self-expanding stent market is part of the medical device industry including stents made of nitinol, stainless steel, or polymers that are expanded to a predetermined diameter after deployment without balloon inflations. Self-expanding stents are commonly used in cardiovascular, urology, gastroenterology, and pulmonology space because of flexibility, conformability in tortuous anatomies, and sustained radial force. The market is expanding in South Korea because of growing proportions of older consumers, increase incidence of peripheral artery disease, neurovascular indications, and gastrointestinal obstruction. Key drivers are expansion of material science in the form of nitinol alloys, drug-eluting coatings, and delivery systems that will provide improvements in clinical outcome and increase acceptance rates. The presence of global leaders and domestic manufacturers enhances availability of products, variety of products, and after-sale service in South Korea.

Report Coverage

This research report categorizes the market for the South Korea self-expanding stent market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea self-expanding stent market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea self-expanding stent market.

Driving Factors

The South Korea self-expanding stent market is mainly driven by increase in the amount of cardiovascular disease, neurovascular disease and gastrointestinal disease, and an increasing need for minimally invasive procedures. Advancements in nitinol alloys, drug-eluting coatings and designs for how stents can be delivered are leading to better performing stents while increasing the safety of the method. The expansion of clinical applications and indications for the use of stents across urology and pulmonology, while stable local manufacturing continues to provide new stent options, is also increasing market growth.

Restraining Factors

The South Korea self-expanding stent market is restrained by high costs of the devices, stringent regulatory requirements, and limited reimbursement for some procedures. The challenge of competition from alternative treatments, as well as preferences from clinicians for other stent types in certain cases, are also impediments to wider market penetration.

Market Segmentation

The South Korea self-expanding stent market share is classified into material and application.

• The nitinol segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea self-expanding stent market is segmented by material into nitinol, stainless steel, and polymer. Among these, the nitinol segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is due to its overall flexibility, shape-memory characteristics, and durability, making it the most commonly used material in both vascular and non-vascular stents.

• The cardiovascular segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea self-expanding stent market is segmented by application into cardiovascular, urology, gastroenterology, and pulmonology. Among these, the cardiovascular segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is the result of the large number of cases of peripheral artery disease and neurovascular disorders that require the use of self-expanding stents to treat.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea self-expanding stent market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• MicroPort Scientific
• Cook Medical
• Abbott Laboratories
• Johnson & Johnson
• Biotronik
• Boston Scientific
• Medtronic
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea self-expanding stent market based on the below-mentioned segments:

South Korea Self-Expanding Stent Market, By Material

• Nitinol
• Stainless Steel
• Polymer

South Korea Self-Expanding Stent Market, By Application

• Cardiovascular
• Urology
• Gastroenterology
• Pulmonology