Increasing prevalence of CAD (Coronary Artery Disease) globally, and need for stents for treating CAD are key factors driving market revenue growth.
Market Size - USD 9.51 Billion in 2020, Market Growth - CAGR of 7.9%, Market Trends - Rising focus of players on advancements, and launch of new products such as recent launch of dual therapy stent.
The global coronary stents market size is expected to reach USD 17.40 Billion in 2028, and register a CAGR of 7.9% during the forecast period. Rising number of coronary artery disease cases due to lifestyle changes, improper dietary habits, and obesity is a major factor expected to drive demand for coronary stents, thereby driving market growth.
A coronary stent is a small tube shaped device placed in the coronary arteries, which supply blood to the heart, to keep the arteries open in the treatment of coronary heart diseases. Rising preference for minimally invasive surgical procedures has led to rising adoption of Angioplasty. Coronary stents are required to perform Angioplasty, thus increasing demand for coronary stents. This is another major factor expected to drive growth of the global coronary stents market.
However, high costs of stents, possible risk of blood clots, and presence of alternatives for coronary angioplasty are factors that could hamper adoption of coronary stents and restrain market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global coronary stents market is segmented on the basis of type, material, end use and region:
Type Outlook
Material Outlook
End Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 9.51 Billion in 2020, Market Growth - CAGR of 7.9%, Market Trends - Rising focus of players on advancements, and launch of new products such as recent launch of dual therapy stent.
The global coronary stents market size is expected to reach USD 17.40 Billion in 2028, and register a CAGR of 7.9% during the forecast period. Rising number of coronary artery disease cases due to lifestyle changes, improper dietary habits, and obesity is a major factor expected to drive demand for coronary stents, thereby driving market growth.
A coronary stent is a small tube shaped device placed in the coronary arteries, which supply blood to the heart, to keep the arteries open in the treatment of coronary heart diseases. Rising preference for minimally invasive surgical procedures has led to rising adoption of Angioplasty. Coronary stents are required to perform Angioplasty, thus increasing demand for coronary stents. This is another major factor expected to drive growth of the global coronary stents market.
However, high costs of stents, possible risk of blood clots, and presence of alternatives for coronary angioplasty are factors that could hamper adoption of coronary stents and restrain market growth to some extent.
Some Key Findings From the Report:
- Among the type segments, the drug eluting stents segment accounted for major revenue share in 2020. The dual therapy stents segment is expected to register the highest revenue growth rate during the forecast period.
- Among the end use segments, the hospitals segment accounted for the largest revenue share of 55.8% in 2020.
- North America market accounted for major revenue share in 2020, and is expected to continue with its dominance over the forecast period.
- Europe market is expected to follow North America market in terms of revenue share.
- The Asia Pacific market size was USD 2.64 Billion in 2020, due to growing geriatric population, and increasing number of coronary artery diseases in countries in the region.
- Key players profiled in the report include Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, B. Braun Melsungen AG, Vascular Concepts, Stentys SA, Biosensors International Group Ltd. And Orbus Neich. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global coronary stents market is segmented on the basis of type, material, end use and region:
Type Outlook
- Dual Therapy Stents
- Drug Eluting Stents
- Bio-engineered Stents
- Bare Metal Stents
- Bioresorbable Vascular Scaffold (BVS)
Material Outlook
- Metal
- Polymer
- Copolymer
End Use Outlook
- Hospitals
- Ambulatory Surgical Centers
- Cardiac Centers
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Coronary Stents Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Coronary Stents Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Coronary Stents Segmentation & Impact Analysis
Chapter 5. Coronary Stents Market By Product Type Insights & Trends
Chapter 6. Coronary Stents Market By Material Insights & Trends
Chapter 7. Coronary Stents Market By End Use Insights & Trends
Chapter 8. Coronary Stents Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
