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Coronary Stents Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast 2026

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jhon tanison
Coronary Stents Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast 2026

 

High prevalence of coronary artery disease, changes in lifestyles and a rise in the geriatric population are the key factors contributing to the CAGR in the forecasted period.

Market Size – USD 8.30 Billion in 2018, Market Growth - CAGR of 7.9%, Market Trends – launch of new, more efficient types of stents for better results.

According to the current analysis of Reports and Data, the global Coronary Stents market was valued at USD 8.30 Billion in 2018 and is expected to reach USD 15.37 Billion by the year 2026 at a CAGR of 7.9%. Stents are small expandable tubes that are used to treat narrowed or weakened arteries. A coronary stent is a small mesh tube that holds open passages in the body such as weak or narrow arteries. It is a small tube shaped device placed in the coronary arteries, which supply blood to the heart, to keep the arteries open in the treatment of coronary heart diseases. The coronary stents are used in almost all the percutaneous coronary intervention (PCI) procedures. Stents reduce chest pains and have been proven to have improved chances of survival and decrease adverse events in the acute myocardial infraction. Coronary Stents market is continuously growing. With the rising advancements and launch of new products, there is huge scope to the product.

Key companies profiled in the report include

Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, B. Braun Melsungen AG, Vascular Concepts, Stentys SA, Biosensors International Group Ltd. and Orbus Neich.

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Coronary Stents market.

The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:

  • North America (U.S.A., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Coronary Stents Market Segmentation based on Types:

By Type (Revenue, USD Million; 2016–2026)

  • Dual Therapy Stents
  • Drug Eluting Stents
  • Bio-engineered Stents
  • Bare Metal Stents
  • Bioresorbable Vascular Scaffold (BVS)

By End Use (Revenue, USD Million; 2016–2026)

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Centers

By Material (Revenue, USD Million; 2016–2026)

  • Metal
  • Polymer
  • Copolymer

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Further key findings from the report suggest

  • Minimal invasiveness has been attracting the attention of many in the recent times. Since Coronary Angioplasty is one of the types of minimal intrusive treatments, there has been a spur of growth in the demand for this procedure. Increasing cases of coronary artery diseases, has triggered research and development initiatives to develop several innovative solutions for the treatment purposes, which lays a foundation for future growth.
  • Hospitals dominate the market with a market share of 63%. This is due to the extensive facilities offered in hospitals.
  • The coronary stents are of two types in terms of delivery. These include, balloon expandable stents and self-expandable stents.
  • The existence of alternatives for coronary angioplasty has also become a restraining factor for the coronary stents market. These alternatives include procedures such as Atherectomy, Laser angioplasty, coronary artery bypass etc.
  • Recent developments have encouraged the market to the very large extent. For instance, the recent launch of Dual Therapy Stents (DTS) is a one of its kind type of stent. The DTS is a combination of Drug Eluding Stents and Bio-engineered Stent. It has a coating on the inside as well as outside making the chances of blood clots, inflammations and tissue injuries less likely. The DTS is seen to grow at a rate of 8.8%.
  • Among the types of stents, Drug Eluting Stents, being the most time tested type of stents, dominate the market. They are the considered to be the safest and the most time tested among all the other types of stents. They are expected to grow at a rate of 7.7%.
  • North America dominates the market with the highest market share. The changing dietary habits and cases of obesity have led to an increase in the cases of CAD i.e. Coronary Artery Disease. The market is expected to grow at a CAGR of 7.7%.
  • Europe follows North America closely and holds the highest market share amounting to 30.4%. This can be attributed to the rising technological advancements in the region. The region is expected to register a CAGR of 7.6%.
  • Asia Pacific is seen to be the fastest growing region with a CAGR of 8.7%. This can be attributed to the increasing geriatric population in the region and the rising cases of Coronary Artery Disease. Several governments in this region have taken initiatives to make medical facilities and surgical procedures affordable. Asia Pacific holds a market share of around 26.6%.

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