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

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Extensive insights into the Growth of Coronary Stent Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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 anesthesia 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. CLICK TO DOWNLOAD FREE SAMPLE REPORT

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 (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & 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

Scope and Context

Overview of the Parent Market

Analyst View


  • 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                  

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