Coronary Stent Market

Introduction of Coronary Stents Market Report

The global coronary stent market was valued at USD 5,753.7 million in 2017, and is expected to reach USD 8,365.3 million by the end of 2025, growing at a CAGR of 5.6% during 2018–2025.

Figure 1: Global Coronary Stent Market Revenue, 2018–2025 (USD Million)

Source: GMI Research

The key factors bolstering the market growth are increasing adoption of minimally invasive interventional surgery, growing incidence of cardiovascular diseases, rising technological advancement and spending on healthcare facilities across the globe.

On the basis of product type, drug eluting stent is anticipated to lead the market during 2018-2025

Drug eluting stent is expected to lead the market during the forecast period due to innovations and technological advancement in stent technology. Bioresorbable stent is predicted to exhibit the highest growth rate during the forecast period owing to surging adoption among healthcare professionals and patients due to its characteristics, such as high stability and biodegradable properties.

On the basis of material, metallic stent dominates the market, specifically in the percutaneous interventional surgery

The material segment includes, metallic stent, polymer stent and copolymer stent. Technological advancements in biomaterial industry and increasing research & development activities are likely to drive the growth of these segments. In 2017, the largest share was held by hospitals end-use segment, which is predicted to grow at a substantial rate during the forecast period owing to rising volume of minimally invasive surgeries, such as balloon angioplasty. Also, significant healthcare spending and increasing government insurance and reimbursement policies are expected to aid the market growth.

Players, such as Abbot Laboratories, Medtronic and Boston Scientific Corporation are investing a lot in the research & development activities. The major key companies are focusing on product launches for keeping leadership in coronary stent market. For instance, about 100 products are in clinical pipelines for coronary arteries across the globe.

Figure 2: Global Coronary Stent Market Revenue, by Region, 2017

Source: GMI Research

Asia-Pacific held the largest share in global coronary stent market in 2017 owing to increasing government and private funding on healthcare infrastructure, rising medical tourism and growing incidences of coronary artery diseases. North America is predicted to be the second most attractive regional market in the coronary stent market, globally and is likely to show a promising growth in the next few years. Europe is expected to grow at a moderate rate during the forecast period.

Various notable players operating in the coronary stent market include Abbott Laboratories, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Biosensors International Group, Ltd, Medtronic plc, MicroPort Scientific Corporation, Biotronik SE & Co. KG among others.

The global coronary stent market has been segmented on the basis of product type, material type, end user and key geographies. Based on product type, the market comprises of dual therapy stent, bioresorbable stent, bio engineered stent, drug eluting stent and bare metal stent. Based on material, the market comprises of metallic stent, polymer stent and copolymer stent. The end use areas include hospitals, cardiac centers and ambulatory surgical centers.

The research report on coronary stent market provides in-depth analysis of the global coronary stent market based on product type, material, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for coronary stent market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent development in the market.

Key questions answered in this research report:
1. At what pace is coronary stent market growing? What will be the growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?
3. What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the coronary stent market?
4. What are the various application areas and how they are poised to grow?