Coronary Stents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

Report Code: ZMR-2860 | Report Format : | Status : Upcoming |

Abstract

Coronary Stents Market: Overview

A coronary stent is a medical device used in angioplasty, an important treatment for removing blockages in the arteries surrounding the heart (a condition known as Coronary Artery Disease). Stents are usually put into the segment of the coronary artery that was made wider by angioplasty procedure. They are expanded and left there to keep the artery wide stretched. Over time, the lining of the artery grows over the stent, so that the metal support i.e., the stent becomes a part of the artery wall.

Angioplasty is a technique in which the surgeon threads a balloon-tipped catheter from an ingress point to the heart. Using imaging devices, the surgeon positions the balloon tip across the blockage, and expands the balloon, compressing the blockage to the artery walls. A stent is a small metal tube that is then placed via catheter where the blockage was cleared and left in the body as structural support for the damaged artery wall.

Coronary Stents Market: Market Dynamics

Stents comprise a growing industry due to various reasons such as lifestyle change diseases, developing health infrastructure, profound increase in healthcare spending and healthcare coverage, increasing geriatric population, rising incidence of coronary artery disease, subsequent growth in the number of Percutaneous coronary intervention (PCI) procedure, advanced medical technologies and procedure, full-fledged demographic shift toward the aging of society and the development of information and communication technologies (ICT). In addition, factors such as the expansion in governmental investment and the increase in market demand add up to the growing industry. In the developed countries, population aging is accelerating, and stenting due to cardiovascular diseases is continuously increasing, so the market stability and growth potential of the stent market is high.

Meanwhile, the market’s restraints include the giant market share of the developed countries and the lack of institutional support. In addition, it is difficult to obtain licensing within the system to enter the market, which is again challenging due to the fact that the success or failure of the business is greatly influenced by medical policies and regulations.

During or after getting operated for implantation of stents there arises few problems with its usage such as an allergic reaction to medications or dyes used in the procedure, breathing problems due to anesthesia, bleeding, a blockage of the artery, blood clots, a heart attack, an infection of the vessel and so on. Also, constant need for new innovation and product development leads to greater efforts in R&D by the competitors and which further invites competition.

Segmentation based on Stent type:

Based on the type of stents used they are segmented as, Bare Metal stents- These are tubular, mesh-like stents that do not have any medications embedded in them, Drug-Eluting Stents- These stents are coated with medications that avert inflammation and restenosis of the artery for a longer period of time and Bioresorbable Stents- These were introduced to overcome downsides of metallic drug-eluting stents such as late in-stent restenosis and persistently caging the vessel. It provides temporal support to the vessel during healing before being degraded and absorbed by the body, promoting restoration of the vessel vasomotion.

Segmentation based on Stent material:

Based on the material used for manufacturing of the stents they are segmented as, Stainless Steel, Gold, Ninitol and Polymers; which includes, Silicon, Polythylene & Polyurethane & Collagen.

Segmentation based on regions:

In terms of volume, the U.S is a dominant player in coronary stents market for the year 2017. Similarly, Germany is the largest player in Europe region, China in The Asia-Pacific region and Brazil for the Latin America market.

Competitors:

Some of the key players in coronary stents market include Boston Scientific Corporation (U.S.), Medtronic plc (Ireland), BIOTRONIK SE & Co. KG (Germany), Abbott Laboratories (U.S.) TERUMO CORPORATION (Japan), B. Braun Melsungen AG (Germany), STENTYS SA (France), , MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India),), Translumina GmbH (Germany), Biosensors International Group Ltd. (Singapore) and so on.

Global Heat Stabilizer Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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