Coronary Stents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : Ongoing | Healthcare IT | PPT format

Get Report in 5 to 7 Working Days

Report Digest


Global Coronary Stents Market: Overview

Coronary stents are used during the treatment of coronary arteries that supply the heart muscle with blood. A tube-shaped device inserted in coronary arteries, they help open up an artery and are left there permanently.

Fat often gets deposited along the arterial wall, thereby narrowing the area for the blood to flow. This can result in reduced flow of blood to the crucial heart muscle, which in turn can lead to chest pain and heart attack. Clots also form at times, which completely siphon off the flow of blood to the heart causing an attack again. Stents help to thwart such outcomes by keeping the coronary arteries open for the blood to flow smoothly.

Global Coronary Stents Market: Key Trends

Coronary stents are efficient and safe. This unique perceived benefit has been the single most important driver of its market so long. Additionally, clinical research organizations (CROs) with their constant evaluations leveraging clinical trials have egged manufacturers to focus on product development. Such organizations also bring down the time taken for regulatory approvals by partnering with regulatory agencies for pre- and post-market approvals of stents. All these have driven steady growth in the market.

Besides, patients who undergo angioplasty and have stents installed recover faster than patients who have coronary artery bypass surgery (CABG). Coronary stents cause much less discomfort and this has been resulting in their swift adoption too.

Global Coronary Stents Market: Market Potential

Coronary stents play an extremely important role in saving human lives. Recently, the government in India ordered stent manufacturers, especially multinationals Abbot and Medtronic, to not withdraw supply in response to pricing regulations. It cited emergency clause in public interest. Given the crucial function they serve, many governments are coming up with different incentives to make sure everyone can access the lifesaving devices. Some such incentives are reducing the price or providing subsidies.

The three different types of coronary stents available in the market are drug-eluting stents (DES), bare metal stent (BMS), and bioresorbable stent. The drug-eluting stents (DES), among them, grosses maximum revenue on account of the spike in number of people suffering from cardiovascular diseases (CVD). The growing efforts by companies to prove the efficacy of their products through clinical studies has also driven up demand for the product.

In terms of end users, ambulatory surgery centers account for maximum share in the market as they help to minimize medical expenses and lessen the duration of hospital stays. They also come equipped with advanced operating equipment, specialist surgeons, and operating and recovery rooms without complex administrative procedures.

Global Coronary Stents Market: Regional Outlook

From a geographical standpoint, the Americas hold a leading position in the global market for coronary stents due to the advanced medical facilities in the region. Going forward too, the Americas will likely hold on to their leading share.

Global Coronary Stents Market: Competitive Analysis

A large number of regional and international players makes the global market for coronary stents competitive and diversified. These vendors are making constant efforts to outsmart one another by coming up with more cutting-edge devices such as nano-coated stents or through shrewd pricing strategies. They are also resorting to strategic distribution partnerships and mergers and acquisitions to bolster their positions. Some such vendors profiled in the report are Abbott Laboratories, Medtronic, and Boston Scientific.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC