The coronary stent market is expected to reach USD 10.31 Billion by 2021 from USD 7.16 Billion in 2016, at a CAGR of 7.6% from 2016 to 2021. Major factors driving growth of this market include technological advancements, increasing number of percutaneous coronary intervention (PCI) procedures, rising burden of CAD, increasing demand for minimally invasive procedures, & rising geriatric population.
The coronary stent market is categorized on the basis of type, mode of delivery, material, end user, and region. Based on type, market is categorized into bare-metal stents, drug-eluting stents and bioabsorbable stents.
Bioabsorbable stents segment is expected to grow at the highest CAGR during the forecast period.These stents help restore normal vasomotion, improve abnormal endothelial function, and lower risk of complications such as thrombosis and inflammation.
- Coronary Stent Manufacturers
- Healthcare Institutions (Hospitals, Cardiac Centers, and Surgical Centers)
- Coronary Stent Distributors and Suppliers
- Contract Manufacturing Organizations (CMOs)
Asia is coronary stent market is projected to be fastest-growing region in during forecast period. High growth in this region can be attributed to factors like large population base, growing prevalence of cardiac diseases, rising adoption of advanced technologies, and low manufacturing costs in region.
Moreover, growing focus of major players in this region is expected to boost the coronary stents market in Asia.
The coronary stent market is dominated by North America, followed by Europe, Asia, and the Rest of the World. North America is expected to dominate market in 2016.
Asia is expected to grow at a highest CAGR during the forecast period. Factors such as large population base, growing prevalence of cardiac diseases, rising adoption of advanced technologies, and low manufacturing costs in the region are expected to drive market growth in Asia.
1 Coronary Stent: Market Overview
2 Coronary Stent Market, By Type
3 Coronary Stent Market, By Mode of Delivery
4 Coronary Stent Market, By Material
5 Metallic Coronary Stent Market, By Type
6 Coronary Stent Market, By End User
7 Geographic Snapshot: Coronary Stent Market
Key players in the coronary stent market include Medtronic plc (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), Biosensors International Group, Ltd. (Singapore), BIOTRONIK SE & Co.
KG (Germany), B. Braun Melsungen AG (Germany), TERUMO CORPORATION (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), and Translumina GmbH (Germany).
Major factors contributing to growth of coronary stent market include technological advancements, increasing number of percutaneous coronary intervention (PCI) procedures, rising burden of CAD, increasing demand for minimally invasive procedures, and rising geriatric population. Moreover, development of bioresorbable vascular scaffold (BVS) and expansion in emerging markets provide significant growth opportunities in market provide significant growth opportunities in market.
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