• Report Description
  • Table Of Content
  • Request Methodology

Coronary stents, also referred to as heart stents or cardiac stents are small, expandable, and wired metallic mesh tube-shaped devices which are placed in the constricted coronary arteries that supply blood to the heart, to keep the arteries open for the prevention of blockage during the treatment of coronary heart disease. They are predominantly used in a procedure called percutaneous coronary intervention (PCI) or angioplasty and are also used for a wide range of other indications in CAD, including small-vessel disease (SVD), de novo lesions, bifurcation lesions, and tortuous and narrow lesions.

By improving blood flow to heart, coronary stents aid effectively in reducing angina (chest pain) and shortness of breath, enhancing survivability rate and help in decreasing adverse events in acute myocardial infarctions.

Some advantages of using stenting along with angioplasty include small incision wounds leading to higher patient satisfaction, shorter hospital stays and fast recovery.

The global coronary stents market is expected to witness a CAGR of around 5.9% over the period of next 5 years.

MARKET DRIVERS:

The growth of this market is attributed towards major pertaining factors including; the surging prevalence and recurrence of cardiovascular diseases (CVDs) such as stroke and heart attack across the globe, the increasing incidences of coronary artery disease (CAD) worldwide, the growing number of percutaneous coronary intervention (PCI) procedures, the burgeoning demand for minimally invasive procedures in different regions, the proliferating awareness regarding the risks pertaining to coronary diseases and the increasing availability of diagnostic services for coronary heart diseases etc.

Additionally, the major industry players in the coronary stents market are seen to be majorly emphasizing on the research and development of new and technologically advanced products which offer greater accuracy, reliability and efficiency and which have the option of being modified as per the patient’s condition. Some of the most prominent and notable introductions in the recent years include that of; the introduction of Bioresorbable stents which get absorbed by the body right after serving their purpose, thereby lowering the necessity of further surgery for stent removal; the launch of the smallest DES, Resolute Onyx 2.0 mm Drug-Eluting Stent (DES) in the market, the introduction of minimally invasive coronary stents, the advancements in 2nd generation drug eluting stents (DES), the development of biodegradable and polymer free DES in order to increase patient compliance, the emergence and development of bioresorbable vascular scaffolds and that of third generation DESs with low strut thickness among others etc. These developments contribute tremendously in the growth of demand for coronary stents and also fuel the overall market growth comprehensively.

Moreover, various market vendors along with the government agencies across different regions are enforcing numerous initiatives focused on increasing awareness and information about the availability of the latest-generation heart stents and their advantage over conventional invasive procedures. Also, private and government insurance organizations present in developed countries are witnessed to be rolling out reimbursement policies which cover more than 75% of the cost of the devices and treatment. For instance, Centers for Medicare & Medicaid Services (CMS) from January 2020, proposed reimbursement for some angioplasty and stenting procedures performed in the ambulatory surgical centers (ASC). These efforts play a standing role in the upscaling of the coronary stents market at a considerable rate.

Furthermore, other factors such as the declining prices of coronary stents across different regions, the rising demand for diagnosis and treatment methods and the massive reduction in post-operative trauma and complications with the use of a minimally invasive surgical procedures further augment the growth of the coronary stent market.

However, factors such as the high costs of stents, the availability of alternative treatment methods for CADs, stringent regulations for product approval in developed countries, the lack of skilled healthcare professionals in developing economies, the presence of post-surgical complications and numerous cases of product failure and product recall hinder the growth of this market.

CORONARY STENT MARKET SEGMENTATION:

By Product Type:

  • Bare Metal Stents (BMS)
  • Drug Eluting Stents (DES)
    • Biodegradable
    • Non-Biodegradable
  • Bioresorbable Vascular Scaffold (BVS)
  • Dual Therapy Stent (DTS)
  • Others

By Material:

  • Metallic Stents
  • Cobalt Chromium
  • Platinum Chromium
  • Nickel Titanium
  • Stainless Steel
  • Tantalum Alloy
  • Polymer
  • Others

By Design Type:

  • Slotted
  • Coiled
  • Permanent
  • Fully degradable
  • Others

By Absorption Rate:

  • Slow-Absorption Rate Stents
  • Fast-Absorption Rate Stents

By Mode of Delivery:

  • Balloon-Expandable Stents
  • Self-Expanding Stents

By End User

  • Hospitals
  • Cardiac Centers
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Others

By Region:

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

REGIONAL INSIGHT:

The North American region holds the largest share in the coronary stent market and is expected to further continue with the trend and dominate the market in the upcoming years as well. The growth of the market in the region could be attributed to various factors such as the increasing sedentary lifestyles of the people leading to obesity and other cardiovascular diseases in the region, the growing number of technological advancements in coronary stent technologies such as bifurcated stents in the region, the increasing presence of well-established market players in the region and the burgeoning awareness regarding the risks associated with coronary artery diseases in the region etc. Furthermore, factors such as the growing geriatric population, the growing healthcare expenditure and the high acceptance of advanced and innovative technologies in the region also contribute substantially in the growth of this region’s market. The major contributors to the region are the U.S. and Canada.

The European region is the second most prominent regional market for coronary stents which is further anticipated to experience significant growth in the market in the forthcoming years owing to factors such as the high presence of key stent manufacturing players in the region, the rising focus on the diagnosis of heart and other related diseases in the region, the presence of highly sophisticated healthcare infrastructure in the region, the proliferating expenditure in healthcare by major economies in the region and the burgeoning R&D investments on innovative coronary stents in the region. The major contributors in the region include the UK, Germany, France, Italy, and Spain.

The Asia Pacific region is the third and the fastest growing regional market for coronary stents. The region is further expected to grow massively in the years to follow on account of factors including; the increasing patient pool suffering from cardiovascular diseases in the region, the improving healthcare infrastructure in the developing economies in the region, the low manufacturing cost of coronary stents in the region, the growing adoption of advanced technologies in the region and the increasing number of favorable government initiatives in the region. Furthermore, factors such as the massively augmenting geriatric population, the lifestyle changes among people, the influence of western culture among adults and the growing medical tourism industry in the region also contribute significantly to the growth of the market. The major contributors in the region include India, Japan and China.

FEW KEY PLAYERS IN CORONARY STENT MARKET:

  • Cook Medical
  • BIOTRONIK SE & Co. KG
  • B. Braun Melsungen AG
  • Terumo Corporation
  • Medtronic plc
  • MicroPort Scientific Corporation
  • Meril Life Sciences Pvt. Ltd.
  • STENTYS SA
  • Biosensors International Group Ltd.
  • Kyoto Medical Planning Co. Ltd.
  • Elixir Medical Corporation
  • Reva Medical Inc.
  • C. R. Bard Inc.
  • Vascular Concepts
  • Translumina GmbH
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Other Players

RECENT DEVELOPMENTS:

  • In March 2021, MedAlliance SA, the company commercialising Selution SLR, raised over $50 million in equity funding. Selution SLR is a sirolimus-eluting balloon which is said to provide a controlled and sustained release of a limus drug, with a similar elution time to that of a drug-eluting stent (DES).  Selution SLR was awarded CE mark approval for the treatment of coronary arterial disease in May 2020.
  • In March 2021, Meril Life Sciences announced the launch of its indigenously researched and developed bioresorbable scaffold (BRS) MeRes100 in India.

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary
2. Growth Drivers & Issues in Global Coronary Stent Market
3. Global Coronary Stent Market Trends
4. Opportunities in Global Coronary Stent Market
5. Recent Industry Activities, 2019
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Coronary Stent Market Size & Forecast (USD Million), 2019-2025

10. Global Coronary Stent Market Segmentation Analysis, By Product Outlook
10.1. Introduction
10.2. Market Attractiveness, By Product Outlook
10.3. BPS Analysis, By Product Outlook
10.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
10.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
10.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025

11. Global Coronary Stent Market Segmentation Analysis, By Type
11.1. Introduction
11.2. Market Attractiveness, By Type
11.3. BPS Analysis, By Type
11.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
11.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025

12. Global Coronary Stent Market Segmentation Analysis, By Distribution Channel
12.1. Introduction
12.2. Market Attractiveness, By Distribution Channel
12.3. BPS Analysis, By Distribution Channel
12.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
12.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
12.6. Others Market Size & Forecast (USD Million), 2019-2025

13. Global Coronary Stent Market Segmentation Analysis, By Material
13.1. Introduction
13.2. Market Attractiveness, By Material
13.3. BPS Analysis, By Material
13.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
13.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
13.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
13.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
13.8. Others Market Size & Forecast (USD Million), 2019-2025

14. Geographical Analysis
14.1. Introduction
14.2. North America Market Size & Forecast (USD Million), 2019-2025
14.2.1. By Product Outlook
14.2.1.1. Introduction
14.2.1.2. Market Attractiveness, By Product Outlook
14.2.1.3. BPS Analysis, By Product Outlook
14.2.1.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
14.2.1.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
14.2.1.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025
14.2.2. By Type
14.2.2.1. Introduction
14.2.2.2. Market Attractiveness, By Type
14.2.2.3. BPS Analysis, By Type
14.2.2.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
14.2.2.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025
14.2.3. By Distribution Channel
14.2.3.1. Introduction
14.2.3.2. Market Attractiveness, By Distribution Channel
14.2.3.3. BPS Analysis, By Distribution Channel
14.2.3.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
14.2.3.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
14.2.3.6. Others Market Size & Forecast (USD Million), 2019-2025
14.2.4. By Material
14.2.4.1. Introduction
14.2.4.2. Market Attractiveness, By Material
14.2.4.3. BPS Analysis, By Material
14.2.4.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
14.2.4.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
14.2.4.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
14.2.4.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
14.2.4.8. Others Market Size & Forecast (USD Million), 2019-2025
14.2.5. By Country
14.2.5.1. Market Attractiveness, By Country
14.2.5.2. BPS Analysis, By Country
14.2.5.3. U.S. Market Size & Forecast (USD Million), 2019-2025
14.2.5.4. Canada Market Size & Forecast (USD Million), 2019-2025

14.3. Europe Market Size & Forecast (USD Million), 2019-2025
14.3.1. By Product Outlook
14.3.1.1. Introduction
14.3.1.2. Market Attractiveness, By Product Outlook
14.3.1.3. BPS Analysis, By Product Outlook
14.3.1.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
14.3.1.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
14.3.1.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025
14.3.2. By Type
14.3.2.1. Introduction
14.3.2.2. Market Attractiveness, By Type
14.3.2.3. BPS Analysis, By Type
14.3.2.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
14.3.2.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025
14.3.3. By Distribution Channel
14.3.3.1. Introduction
14.3.3.2. Market Attractiveness, By Distribution Channel
14.3.3.3. BPS Analysis, By Distribution Channel
14.3.3.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
14.3.3.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
14.3.3.6. Others Market Size & Forecast (USD Million), 2019-2025
14.3.4. By Material
14.3.4.1. Introduction
14.3.4.2. Market Attractiveness, By Material
14.3.4.3. BPS Analysis, By Material
14.3.4.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
14.3.4.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
14.3.4.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
14.3.4.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
14.3.4.8. Others Market Size & Forecast (USD Million), 2019-2025
14.3.5. By Country
14.3.5.1. Market Attractiveness, By Country
14.3.5.2. BPS Analysis, By Country
14.3.5.3. Germany Market Size & Forecast (USD Million), 2019-2025
14.3.5.4. United Kingdom Market Size & Forecast (USD Million), 2019-2025
14.3.5.5. France Market Size & Forecast (USD Million), 2019-2025
14.3.5.6. Italy Market Size & Forecast (USD Million), 2019-2025
14.3.5.7. Spain Market Size & Forecast (USD Million), 2019-2025
14.3.5.8. Russia Market Size & Forecast (USD Million), 2019-2025
14.3.5.9. Rest of Europe Market Size & Forecast (USD Million), 2019-2025

14.4. Asia Pacific Market Size & Forecast (USD Million), 2019-2025
14.4.1. By Product Outlook
14.4.1.1. Introduction
14.4.1.2. Market Attractiveness, By Product Outlook
14.4.1.3. BPS Analysis, By Product Outlook
14.4.1.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
14.4.1.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
14.4.1.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025
14.4.2. By Type
14.4.2.1. Introduction
14.4.2.2. Market Attractiveness, By Type
14.4.2.3. BPS Analysis, By Type
14.4.2.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
14.4.2.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025
14.4.3. By Distribution Channel
14.4.3.1. Introduction
14.4.3.2. Market Attractiveness, By Distribution Channel
14.4.3.3. BPS Analysis, By Distribution Channel
14.4.3.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
14.4.3.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
14.4.3.6. Others Market Size & Forecast (USD Million), 2019-2025
14.4.4. By Material
14.4.4.1. Introduction
14.4.4.2. Market Attractiveness, By Material
14.4.4.3. BPS Analysis, By Material
14.4.4.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
14.4.4.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
14.4.4.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
14.4.4.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
14.4.4.8. Others Market Size & Forecast (USD Million), 2019-2025
14.4.5. By Country
14.4.5.1. Market Attractiveness, By Country
14.4.5.2. BPS Analysis, By Country
14.4.5.3. China Market Size & Forecast (USD Million), 2019-2025
14.4.5.4. India Market Size & Forecast (USD Million), 2019-2025
14.4.5.5. Japan Market Size & Forecast (USD Million), 2019-2025
14.4.5.6. South Korea Market Size & Forecast (USD Million), 2019-2025
14.4.5.7. Indonesia Market Size & Forecast (USD Million), 2019-2025
14.4.5.8. Taiwan Market Size & Forecast (USD Million), 2019-2025
14.4.5.9. Australia Market Size & Forecast (USD Million), 2019-2025
14.4.5.10. New Zealand Market Size & Forecast (USD Million), 2019-2025
14.4.5.11. Rest of Asia Pacific Market Size & Forecast (USD Million), 2019-2025

14.5. Latin America Market Size & Forecast (USD Million), 2019-2025
14.5.1. By Product Outlook
14.5.1.1. Introduction
14.5.1.2. Market Attractiveness, By Product Outlook
14.5.1.3. BPS Analysis, By Product Outlook
14.5.1.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
14.5.1.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
14.5.1.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025
14.5.2. By Type
14.5.2.1. Introduction
14.5.2.2. Market Attractiveness, By Type
14.5.2.3. BPS Analysis, By Type
14.5.2.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
14.5.2.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025
14.5.3. By Distribution Channel
14.5.3.1. Introduction
14.5.3.2. Market Attractiveness, By Distribution Channel
14.5.3.3. BPS Analysis, By Distribution Channel
14.5.3.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
14.5.3.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
14.5.3.6. Others Market Size & Forecast (USD Million), 2019-2025
14.5.4. By Material
14.5.4.1. Introduction
14.5.4.2. Market Attractiveness, By Material
14.5.4.3. BPS Analysis, By Material
14.5.4.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
14.5.4.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
14.5.4.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
14.5.4.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
14.5.4.8. Others Market Size & Forecast (USD Million), 2019-2025
14.5.5. By Country
14.5.5.1. Market Attractiveness, By Country
14.5.5.2. BPS Analysis, By Country
14.5.5.3. Brazil Market Size & Forecast (USD Million), 2019-2025
14.5.5.4. Mexico Market Size & Forecast (USD Million), 2019-2025
14.5.5.5. Rest of Latin America Market Size & Forecast (USD Million), 2019-2025

14.6. Middle East & Africa Market Size & Forecast (USD Million), 2019-2025
14.6.1. By Product Outlook
14.6.1.1. Introduction
14.6.1.2. Market Attractiveness, By Product Outlook
14.6.1.3. BPS Analysis, By Product Outlook
14.6.1.4. Bare-Metal Stents Market Size & Forecast (USD Million), 2019-2025
14.6.1.5. Drug-Eluting Stents Market Size & Forecast (USD Million), 2019-2025
14.6.1.6. Bioabsorbable Stents Market Size & Forecast (USD Million), 2019-2025
14.6.2. By Type
14.6.2.1. Introduction
14.6.2.2. Market Attractiveness, By Type
14.6.2.3. BPS Analysis, By Type
14.6.2.4. Balloon Expandable Stents Market Size & Forecast (USD Million), 2019-2025
14.6.2.5. Self-Expanding Stents Market Size & Forecast (USD Million), 2019-2025
14.6.3. By Distribution Channel
14.6.3.1. Introduction
14.6.3.2. Market Attractiveness, By Distribution Channel
14.6.3.3. BPS Analysis, By Distribution Channel
14.6.3.4. Hospitals Market Size & Forecast (USD Million), 2019-2025
14.6.3.5. Ambulatory Surgical Centers Market Size & Forecast (USD Million), 2019-2025
14.6.3.6. Others Market Size & Forecast (USD Million), 2019-2025
14.6.4. By Material
14.6.4.1. Introduction
14.6.4.2. Market Attractiveness, By Material
14.6.4.3. BPS Analysis, By Material
14.6.4.4. Stainless Steel Market Size & Forecast (USD Million), 2019-2025
14.6.4.5. Cobalt Chromium Market Size & Forecast (USD Million), 2019-2025
14.6.4.6. Platinum Chromium Market Size & Forecast (USD Million), 2019-2025
14.6.4.7. Nickel Titanium Market Size & Forecast (USD Million), 2019-2025
14.6.4.8. Others Market Size & Forecast (USD Million), 2019-2025
14.6.5. By Geography
14.6.5.1. Market Attractiveness, By Geography
14.6.5.2. BPS Analysis, By Geography
14.6.5.3. GCC Market Size & Forecast (USD Million), 2019-2025
14.6.5.4. North Africa Market Size & Forecast (USD Million), 2019-2025
14.6.5.5. South Africa Market Size & Forecast (USD Million), 2019-2025
14.6.5.6. Rest of Middle East & Africa Market Size & Forecast (USD Million), 2019-2025

15. Competitive Landscape
15.1. Market Share of Key Players
15.2. Market Positioning of Major Players in Global Coronary Stent Market
15.3. Company Profiles
15.3.1. Abbott Laboratories
15.3.2. Boston Scientific Corporation
15.3.3. Cordis
15.3.4. Medtronic PLC
15.3.5. Biotronik SE & Co. Kg
15.3.6. Alvimedica
15.3.7. Arterius Limited
15.3.8. Biosensors International Ltd
15.3.9. Stentys SA
15.3.10. Translumina GmbH
15.3.11. Vascular Concepts Limited
15.3.12. Other Major & Niche Players

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