Research Reports

Healthcare

icon
Home » Reports » Coronary Stent Market Global Demand Growth Analysis Opportunity Outlook 2023
Market Research Report

Coronary Stent Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-205 Category: Healthcare

Global Coronary Stent Market Overview

Stent helps in avoiding the heart attacks which is caused by narrowing of the coronary arteries. Stent is a small tube made up of stainless steel or cobalt alloy, tube and is attached onto small balloons which act as a support to reinstate blood flow and support the vessel wall. Methods for the treatment of coronary heart disease includes pharmaceuticals, balloon angioplasty, stenting and coronary artery bypass grafting. Stenting is considered as more comfortable for heart patients as compared to the bypass heart surgery. Stenting does not involve any major operation as it can be performed with the help of local anaesthesia and low sedation.

       Coronary Stent Market Demand & Revenue Opportunity

Market Size & Forecast

Global coronary stent market was valued at USD 8.6 billion in 2015. Owing to the increasing cardiovascular disorders across the globe, the global coronary stent market is anticipated to project a promising compound annual growth rate of 6% over the forecast period.

North America stent market is anticipated to dominate the global market in terms of revenue share by the end of 2016; the market is estimated to project 30% of the global revenue share by 2016 owing to the large patient population and increasing demand of coronary stents in the region.

Asia-Pacific is expected to reach USD 3.9 billion by 2023, witnessing a strong compound annual growth rate of 7.9% over the forecast period owing to the increasing expenditure in the healthcare sector coupled with the increasing awareness of coronary stent treatment among the heart patients.

Drug eluting stents product type segment is anticipated to reach USD 7.8 billion by 2023; these stents are more popular as compared to the other product type owing to its high mortality and low probability of complications.

Stents which are coated with medication commonly known as drug eluting stents, these are widely used to avoid blockage in the arteries. Many key players in the market are making huge investment to develop next generation stents such as bioresorbable stents and drug filled stents. In the year 2010, the global market for coronary stent was affected by rising issues of stent deformity and pricing pressure. Later the technological innovation in coronary stent has boost the growth of market across the globe

Market Segmentation

By Product Type

In-depth study has been carried out on the following product type segments:-

  • Drug Eluting Stent
  • Bare Metal Stent
  • Bioresorbable Vascular Stent

By Raw Material

By raw material, the coronary market can be segmented into following categories:-

  • Cobalt Chromium
  • Stainless Steel
  • Platinum-Chromium
  • Nickel-Titanium
  • Polymer ICE

By End Use

Following end use are analysed in the report:-

  • Hospitals
  •  Ambulatory Surgical Centres
  • Cardiac Catheterisation Laboratories

By Region

Global Coronary Stent Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa ( GGC, South Africa, North Africa ) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Increasing aging population, rise in hypertension, increased consumption of alcohol along with the rising obese population are the factors resulted in the rising prevalence of coronary heart diseases, this will further fuel the demand for stents in the global market. Improved medical facilities coupled with the increasing healthcare expenditure have led the key players to make huge investment in the stent market in order to develop more efficient products.

Various awareness campaigns conducted by government bodies, reform in the government policies along with the increasing healthcare expenditure in the developing countries such as India and China are expected to boost the growth of global coronary stent market over the forecast period.

Stenting has largely replaced the conventional balloon angioplasty as a preferred mode of percutaneous coronary intervention owing to the introduction of advanced drug eluting stents. Approximately 75% of the coronary interventions are carried out by the use of drug eluting stents and this percentage is anticipated to increase over the forecast period.

Challenge to be faced ahead by the global coronary market is pricing pressure, regulatory issues and complications associated with the implantation of stents.

Key Players

  • Terumo Corporation
  • Boston Scientific Corporation
  • Medtronic
  • Vascular Concepts
  • B. Braun Melsungen AG
  • Biotronik SE & Co
  • Abbott Laboratories
  • Biosensors International Group, Ltd.
  • Hexacath
  • Stentys SA

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Raw Material Market Size & Y-O-Y Growth Analysis

By Regions

Global Coronary Stent Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                   Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2018 Research Nester. All rights reserved

Top