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Coronary Stents Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-11-19 

Coronary Stents Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Rise and prevalence of chronic diseases and an inclining demand for minimally invasive surgeries have influenced the coronary stents industry trends. Coronary disorders can be addressed as the most common heart disorders affecting millions of people globally. It is a medical condition caused by the deposition of fatty plaques in the artery walls of the heart interrupting a patient’s blood circulation.

Stringent regulations in developed countries and post-surgical complications associated with coronary stents along with the current COVID-19 related economic and industrial impact are some of the factors negatively impeding the market outlook. Based on estimates from a GMI Inc. report, the coronary stents market size is anticipated to cross an annual valuation of USD 8 billion by 2025.

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Based on product, the coronary stents market is segmented into drug-eluting stent, bare-metal stent and bioresorbable vascular scaffold. According to reports, bare-metal stent segment recorded USD 506.5 million in 2018. Being the first stent to be licensed for use in cardiac arteries, bare-metal stent minimize the chances of stent thrombosis following a heart bypass. With the multiplying occurrence of coronary heart diseases worldwide, the bare-mental stent market is estimated to witness robust growth in the coming years.

Coronary Stents are mostly used in cardiac centers, ambulatory surgical centers and hospitals. In 2018, the hospital segment generated around 40% of total coronary stents market revenue. However, stent implantation can only be carried out by those hospitals that satisfy the percutaneous coronary intervention safety standards.

For attaining successful surgeries, stricter guidelines are required to be adhered with optimal safety. In addition to this, elements such as growing presence of government hospitals that offer cost-efficient alternatives and stern regulations could supplement coronary stents market size in the hospital segment.

According to regional share, Germany coronary stents market is anticipated to procure lucrative growth of 3.0% over the coming years. Growing incidents of cardiovascular diseases in the region will majorly influence industry expansion. According to a report, around 51,000 heart bypass surgeries were being conducted in Germany in 2016. However, given to the rate at which ambulatory surgical centers are being developed in Europe, the coronary stents industry might accrue noteworthy expansion in the future.

Major firms operating in coronary stents market include B. Braun Melsungen AG, Abbott, Biotronik, Biosensors International Group, Medtronic plc and Boston Scientific Corporation. These firms are employing various strategies like partnerships and acquisitions to strengthen their market position and expand business reach.

For instance, in 2019, Terumo announced the finalization of the acquisition of Essen Technology, a Chinese firm that specializes in offering drug-eluting stents. Reportedly, the move would allow Terumo to expand into the Chinese market, further bolstering its presence in the Asia Pacific market. Additionally, companies are also focused on developing innovations to modify stents as per patient’s condition and capitalize on market prospects to gain a competitive edge over rivals. Furthermore, GMI, suggests that the coronary stents market size could exceed USD 8.0 billion by 2025. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/coronary-stents-market

Partial Chapter of the Table of Content 

Chapter 4. Coronary Stents Market, By Product

4.1. Key segment trends

4.2. Drug eluting stents (DES)

4.2.1. Market size, by region, 2014 – 2025 (USD Million)

4.3. Bare metal stents (BMS)

4.3.1. Market size, by region, 2014 – 2025 (USD Million)

4.4. Bioresorbable vascular scaffold (BVS)

4.4.1. Market size, by region, 2014 – 2025 (USD Million)

Chapter 5. Coronary Stents Market, By End-use

5.1. Key segment trends

5.2. Hospitals

5.2.1. Market size, by region, 2014 – 2025 (USD Million)

5.3. Cardiac centers

5.3.1. Market size, by region, 2014 – 2025 (USD Million)

5.4. Ambulatory surgical centers

5.4.1. Market size, by region, 2014 – 2025 (USD Million)

5.5. Others

5.5.1. Market size, by region, 2014 – 2025 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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