+1-888-308-5802     
News Contact Us

Coronary Stents Market 2020 growth factors, latest trend and regional analysis of leading players by 2025

Author : Ronak Bora | Published Date : 2020-09-09 

Coronary Stents Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

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. reportthe coronary stents market size is anticipated to cross an annual valuation of USD 8 billion by 2025.

 

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2966

Technological advancements in coronary stents like bifurcated stents and the use of biodegradable materials will boost the market outlook. Suppliers operating in the industry are working on innovations to modify stents.

 

For instance, Medtronic in February 2018 introduced Resolute Onyx 2.0 mm Drug-Eluting Stent (DES), the smallest coronary stent in the market. This stent uses continuous sinusoid technology, which involves transforming a single strand of cobalt wire into a sinusoidal wave to build a stent. To enhance its visibility in angiography, the DES is structured with a metal core inside the wire.

 

Coronary stents are segmented into drug-eluting stents, bare-metal stents, and bioresorbable vascular scaffolds based on the type of product. The bare-metal stents were the first licensed stents used in cardiac arteries and function without a covering or coating.

 

They are mainly deployed to minimize the risk of stent thrombosis after a heart bypass. This segment of the coronary stents was valued at USD 506.5 million in annual revenues in 2018 and is anticipated to escalate in market value.

 

In terms of end-users, the coronary stents market is bifurcated into hospitals, cardiac centers, and ambulatory surgical centers. Hospitals dominated the industry outlook in 2018 and were responsible for close to  40% of the annual revenue shares.

 

Hospitals that provide a percutaneous coronary intervention with optimum safety and strict guidelines are permitted to perform stent implantations. The cost-efficiency of coronary stents in government hospitals will also bolster the preference for surgeries.

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.gminsights.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

Related News

Implantable Cardioverter-Defibrillators Market Growth Drivers, Regional Trends And Competitive Landscape Forecast To 2026

Published Date: 2020-09-18         Author: Ronak Bora

The report titled ‘Global Implantable Cardioverter-Defibrillators Market Research Report’ is based on the comprehensive analysis undertaken by the analysts and contains thorough insights about the global market sphere. Detailed study of the business landscape, alongside the essential par... Read More

Medical Disposables Market Statistical Forecast and Competitive Analysis Report to 2026

Published Date: 2020-09-18         Author: Ronak Bora

Titled ‘Global Medical Disposables Market Research Report’, the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The study is inclusive of a well-elaborated, extensive scrutiny of this industry alongside ... Read More

Pulse Oximeters Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2026

Published Date: 2020-09-18         Author: Ronak Bora

The study, called ‘Global Pulse Oximeters Market Research Report’, is conceptualized by means of massive research that has been undertaken by analysts. An in-depth analysis of the global industry has been provided in the study. This detailed, massive report is complete with pivotal aspec... Read More

© 2020 Fractovia. All Rights Reserved