Coronary Stents Market - By Product (Dual Therapy Stent, Drug-Eluting Stent, Bioresorbable Vascular Scaffold, Bio-Engineered Stent, and Bare Metal Stent), By Absorption Rate (Slow-Absorption DES and Fast-Absorption DES), By Material (Cobalt Alloy Metal, Stainless Steel, Tantalum, Gold, and Nitinol Polymers), By Application (Peripheral Artery Disease and Coronary Artery Disease), By End-Users (Cardiac Centers, Hospitals, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Global Coronary Stents market, which is projected to accrue revenue worth 9,957. 58 (USD Million) by 2026, is set to grow at a CAGR of 9.4% during the period from 2020 to 2026.

15-Sep-2020 | Number of pages: 110 | Report Code: ZMR-2860 | Report Format : | Status : Published

Abstract

The global Coronary Stents market, which is projected to accrue revenue worth 9,957. 58 (USD Million) by 2026, is set to grow at a CAGR of 9.4% during the period from 2020 to 2026. The report offers valuation and analysis of the Coronary Stents market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on value (USD Million).

Introduction

A coronary stent is tube-shaped equipment that is placed in the coronary arteries that supplies blood to heart and assist in keeping the arteries open for treating coronary artery disorder.  It is utilized in a procedure termed as percutaneous coronary intervention or coronary angioplasty through stent replacement. Moreover, these medical devices minimize chest pain and enhance the rate of patient survival along with decreasing adverse effects during acute myocardial infarction.

Moreover, the device was first introduced in 1980 and has evolved in terms of shape, material, and structure. The major anatomical parts of coronary stents are platform, released medicine, and bio-absorbable & hydrophobic polymer coating. Furthermore, stent platform or scaffold are metallic as well as bio-degradable and offer radio-opacity, radial strength, and flexibility. Apparently, the polymer coating serves as stable reservoir and modulates the drug release. The last component referred as released medicine possesses ant-proliferative features and help in obstructing smooth muscle proliferation. Today, stent scaffolds are made from platinum-chromium and cobalt- chromium as compared to stainless steel earlier and improve drug-eluting features. This has facilitated in reduction of strut width and enhances drug delivery. The innovations in stent designs have brought a drastic improvement in mechanical performance of the coronary stents and improved drug-eluting features.

Market Growth Drivers

The growth of coronary stents industry over the estimated timespan is attributed to surge in the proportion of percutaneous coronary intervention methods and product innovations. Apart from this, escalating demand for minimally invasive procedures and rise in the number of aging population prone to heart ailments will enhance the product demand over the ensuing years.  Furthermore, the beneficial features of coronary stents including flexibility, visibility, bio-compatibility, tractability, low crossing profile, high radial strength, ease of deployment, low metallic surface area, and favorable radiographic features will steer the market trends.

Moreover, altering government policies for reducing the coronary stent costs will result in cost-effective medical treatment, thereby paving the way for the growth of coronary stents industry over the forthcoming years.

Asia Pacific Set To Establish Market Domination Over 2020-2026

The growth of the market in Asia Pacific during the estimated timespan is due to supportive government laws and huge patient population base in the densely populated countries of the region. In countries like India, the government has reduced the costs of bare metal stents & drug eluting stents and this will boost regional market size over the estimated timespan.

Key players profiled in the report are C R Bard, Boston Scientific, Meril Life Sciences, Medtronic, B. Braun Melsungen AG, Terumo, Abbott Laboratories, MicroPort Scientific Corporation, Biosensors International Group, Biotronik SE & Co. KG, and Elixir Medical Corporation.

The global coronary stents market is segmented as follows:

By product type:

  • Bioresorbable Vascular Scaffold
  • Dual Therapy Stent
  • Drug-Eluting Stent (DES)
    • Limus-Based Drugs
    • Paclitaxel
  • Bare Metal Stent
  • Bio-Engineered Stent

By absorption rate:

  • Slow-Absorption DES
  • Fast-Absorption DES

By material:

  • Gold
  • Stainless Steel
  • Cobalt Alloy Metal
  • Tantalum
  • Nitinol Polymers

By application:

  • Peripheral artery disease
  • Coronary artery disease

By end-users:

  • Cardiac centers
  • Hospitals
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The growth of coronary stents industry over the estimated timespan is attributed to surge in the proportion of percutaneous coronary intervention methods and product innovations. Escalating demand for minimally invasive procedures and rise in the number of aging population prone to heart ailments will enhance the product demand over the ensuing years.

According to Zion market research, the global Coronary Stents Market, which is lively to accrue revenue worth USD 9,957.58 million by 2026, is set to grow at a CAGR of over 9.4% during the period from 2020 to 2026.

Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The growth can be credited to supportive government laws and huge patient population base in the densely populated countries of the region. Apart from this, in countries like India, the state has reduced the costs of bare metal stents & drug eluting stents and this will steer business surge in the region.

The key players profiled in the report include Boston Scientific; Medtronic; Terumo; Abbott Laboratories; B. Braun Melsungen AG; C R Bard; Biotronik SE & Co. KG; Biosensors International Group; MicroPort Scientific Corporation; Meril Life Sciences; and Elixir Medical Corporation. Industry players are trying to increase their regional market share through introduction of new products and forming partnerships with other players. They are also focusing on creating cost-effective as well as affordable products and enhance its access or availability even to remote & distant locations.

Related Reports

Infrared Thermometer Market by Product Type (In-ear, Forehand, and Others), and Application (Medical and Veterinary): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5356 | Report Format:

The report covers forecast and analysis for the infrared thermometer market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the infrared thermome...Read More

Medical Oxygen Cylinder Market by Type (Portable and Fixed), and Application (Respiratory Department, Emergency Room, Household, Operating Room, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5355 | Report Format:

The report covers forecast and analysis for the medical oxygen cylinder market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). The study includes drivers and restraints for the medical oxygen...Read More

Artificial Disc Market – By Type (Lumbar Artificial Disc and Cervical Artificial Disc), By Material (Metal-On-Biopolymer and Metal-On-Metal), And By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5311 | Report Format:

This report analyzes and estimates the artificial disc market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the artificial disc mar...Read More

Medical Equipment Financing Market – By Type (Refurbished Equipment, New Medical Equipment, and Rental Equipment), By Equipment (Patient Monitoring Equipment, Diagnostic Equipment, Laboratory Equipment, Therapeutic Equipment, and Medical Furniture), By End-Use [Hospitals, Laboratories & Diagnostic Centers, Clinics, Ambulatory Surgical Centers (ASCs), and Others], and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5285 | Report Format:

This report analyzes and estimates the medical equipment financing market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the medical...Read More

Request Free Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.