The global demand for Coronary Stents Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
A coronary stent refers to a tube-shaped apparatus positioned in the coronary arteries that supply blood to the heart to keep the arteries open in the coronary heart disease treatment. Coronary stents are small; wire mesh tubes that help broaden a congested artery and reinstate adequate blood flow to the heart. It is mostly used in a procedure called percutaneous coronary intervention (PCI). More than 90% of PCI procedures make use of coronary stents. Stents are also utilized to treat narrowed coronary arteries that supply the heart with oxygen-rich blood. The stent grasp releases the narrowed arteries to allow sufficient blood to flow to the heart. Stents can treat the aorta if it has an aneurysm or bulge in it.
Market Dynamics
The growing prevalence of coronary artery disease and consequent growth in the number of PCI procedures is the primary factor driving the coronary stent market. The growing demand for minimally invasive procedures contributes to the coronary stent market's growth. Also, the advancement in technologies and the development of bioresorbable vascular scaffold (BVS) are positively impacting the coronary stent market's growth. Moreover, the rapidly expanding geriatric population and expansion in emerging markets are likely to create beneficial growth opportunities for key players of the coronary stents market in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of coronary stents.
Market Segmentation
This section of the coronary stents market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.
By Type
- Bare-metal Stents
- Drug-eluting Stents
- Bioabsorbable Stents
By Material
- Cobalt Chromium
- Metallic Stents
- Platinum Chromium
- Nickel Titanium
- Stainless Steel
- Other Stents
By Mode of Delivery
- Balloon-expandable Stents
- Self-expanding Stents
By End-User
- Hospitals
- Cardiac Centers
- Ambulatory Surgical Centers
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for Coronary Stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Coronary Stents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coronary stents market include Abbott Laboratories, Medtronic plc, Biosensors International Group, Ltd., Boston Scientific Corporation, IOTRONIK SE & Co. KG, TERUMO CORPORATION , STENTYS SA , MicroPort Scientific Corporation, B. Braun Melsungen AG, Meril Life Sciences Pvt. Ltd. , Vascular Concepts , and Translumina GmbH. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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