Challenges hindering the growth of the global carotid artery stenosis therapeutics market.
The global carotid artery stenosis therapeutics market is expected to grow at a CAGR of 4.43% during the forecast period. Major challenges affecting the growth of the global carotid artery stenosis therapeutics market include the availability of substitutes, delay in diagnosis, and stringent regulations.
The global carotid artery stenosis therapeutics market is expected to face a major challenge from the availability of various substitutes to treat carotid artery stenosis. Several surgical procedures, stents, and medical devices can be used instead of carotid artery stenosis therapeutics. Despite the strong presence of therapeutics for treating carotid artery stenosis, the substitutes offer a high level of safety in preventing the recurrence of carotid artery stenosis.
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Apart from surgical procedures, other treatment options, such as stents, are also widely used in the management of carotid artery stenosis. Several newly approved stents are expected to propel the use of devices, which will affect market growth. Therefore, the availability of alternative treatment options to treat carotid artery stenosis is expected to affect the market growth by hampering the sales of carotid artery stenosis therapeutics. However, despite the challenges, the global carotid artery stenosis therapeutics market is expected to grow in an accelerating momentum during the forecast period.