Coronary Stent Market Research Report

The GMI Research forecasts that the coronary stent market is witnessing an upsurge in demand over the forecast period starting from 2020 till 2027. This is mainly due to the growing adoption of minimally invasive interventional surgery, rising incidence of cardiovascular diseases, increasing technological advancement, and spending on healthcare facilities globally.

Introduction of the Coronary Stent Market:

A coronary stent refers to a tube-shaped device situated in the coronary arteries that supply blood to the heart to keep the arteries open to treat coronary heart disease. A coronary stent is used in a procedure called percutaneous coronary intervention. Coronary stents are now used in more than 90% of PCI procedures.

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Coronary Stent Market Dynamics (Including market share and size)

The significant factors contributing to the growth of the global coronary stent market include rapid technological advancements, an increasing number of percutaneous coronary intervention (PCI) procedures, and the growing burden of CAD. Rising demand for minimally invasive procedures and increasing geriatric population are some other factors driving the growth of the coronary stent market size. Furthermore, the development of bioresorbable vascular scaffold (BVS) and expansion in developing markets will create various market growth opportunities. The growing number of percutaneous coronary intervention (PCI) procedures will fuel the market growth in the last few years. The Korean Journal of Thoracis and Cardiovascular Surgery in 2016 declared that the fraction of PCI for coronary artery disease (CAD) was 78%, and its country-specific PCI proportion exceeded 96%, which was higher than the world average. In addition to this, a rise in the number of PCI interventions and advancements in stenting technology is projected to bolster the growth of the coronary stents market share in terms of revenue.

Growing habits of binge eating, along with sedentary lifestyles and rising stress levels, are some of the major factors responsible for the growth in prevalence of heart disorders. On the other hand, the growing demand for treatment solutions and the various side effects regarding the use of coronary stents will hamper the growth of the market. Furthermore, rigorous government regulations related to product approval will further hinder the market growth.

Key Players of the Global Coronary Stent Market:

·        Abbott Laboratories

·        Boston Scientific Corporation

·        B. Braun Melsungen AG

·        Terumo Corporation

·        Biosensors International Group, Ltd

·        Medtronic plc

·        MicroPort Scientific Corporation

·        Biotronik SE & Co. KG

Coronary Stent Market Segmentation:

Global Coronary Stent Market Report Segment by Product Type:

·        Dual Therapy Stent

·        Bioresorbable Vascular Stent

·        Bio-engineered Stent

·        Drug Eluting Stent

·        Bare Metal Stent

Global Coronary Stent Market Report Segment by Material Type:

·        Metallic Stents

·        Platinum Chromium

·        Nickel Titanium

·        Stainless Steel

·        Other

Global Coronary Stent Market Report Segment by End-User:

·        Hospitals

·        Cardiac centres

·        Ambulatory Surgical Centres =

Global Coronary Stent Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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Contact Person: Sarah Nash
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