LI_172187
|
Pages: 151
|
Apr 2017 | 2860 Views
|
|
|
Author(s) :
Deepa Tatkare
|
Tables: 30
|
Charts: 33
|
Formats*: |
|
Global Coronary Stents Market was valued at $4,806 million in 2015, and is expected to reach at $9,003 million in 2022, registering a CAGR of 9.5% from 2016 to 2022. A coronary stent is a minute tube widely used to open narrowed artery during percutaneous coronary intervention procedure (PCI). This treatment procedure involves insertion of balloon-tipped tube (catheter) into an artery and is carried toward location of blockage. Furthermore, the stent expands and forms a scaffold after inflation of balloon, holding the artery open, and thereby improving the blood flow to the heart. Coronary stents are applicable in treatment of cardiac diseases, such as myocardial infarction, angina pain, and coronary artery disease. The demand for coronary stents has increased significantly, owing to rise in prevalence of coronary artery disease (CAD) globally. In addition, the emergence of innovation in coronary stents further drives the market growth.
Get more information on this report : Request Sample Pages
The global coronary stents market is segmented based on product, biomaterial, end user, and geography. Based on product, it is classified into drug-eluting stent, bare-metal stent, and bio-absorbable vascular stent. Based on biomaterial, it is categorized into metallic, polymeric, and natural biomaterial. Metallic stents are further classified into cobalt chromium (CoCr), platinum chromium (Pt-Cr), stainless steel, and nickel titanium. Based on end user, it is divided into hospital & clinic and ambulatory surgical centers. In metallic biomaterials segment, by type, cobalt chromium occupied dominant share in 2015, and is expected to maintain this trend during the forecast period, owing to features such as high flexibility, unique hydrophilic coating technology, excellent pushing ability, and ideal fitting for the narrow and tortuous lesions.
Get more information on this report : Request Sample Pages
Drivers, Restraints, and Opportunities
The impact of the driving factors is expected to surpass the effect of restraints. Moreover, rise in R&D of coronary stents and untapped emerging countries are expected to provide new market opportunities to coronary stents manufacturers in the near future.
Get more information on this report : Request Sample Pages
Global Coronary Stents Market Key Product Segment
The metallic biomaterial segment accounted for a significant share in the global coronary stents market in 2015, and is expected to continue this trend during the forecast period.
LAMEA Coronary Stents Market
Rise in incidence of CAD and rapid adoption of coronary stents for the treatment drive the growth of the coronary stents market in LAMEA. However, due to low gross income in countries, such as Latin America, there are less expenditures on the development of new methods and devices for the treatment of CAD. Lack of healthcare facilities and increased need for treatment devices for CAD have increased the penetration of major players in the Middle East region. Nevertheless, the market growth is driven by improvements in healthcare infrastructure and rise in disposable income. Regionally, Saudi Arabia country in LAMEA region showcased the highest CAGR in 2015.
The key players operating in the global coronary stents market include Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, C. R. Bard, Inc., Microport Scientific Corporation, Terumo Corporation, Medtronic plc., Biotronik SE & Co. KG, Biosensors International Group, Ltd., and Stentys SA.
The other significant players in the value chain include Meril Life Sciences Pvt. Ltd., Vascular Concepts Limited, Translumina GmbH, REVA Medical, Inc., and Elixir Medical Corporation.
Key Benefits for Stakeholders
The adoption of coronary stents, such as bare-metal and biabsorbale stents, is expected to increase in the near future, owing to high prevalence of coronary artery diseases (CAD) and rise in geriatric population. The coronary stents market has gained the interest of healthcare providers due to the benefits offered by these stents in effective treatment of CAD. There have been significant technological advancements in drug-eluting stent (DES) useful in CAD treatment. At present, DES is widely adopted in clinical practice, owing to improved patient outcomes, reduction in chances of restenosis, and stent thrombosis. Asia-Pacific and LAMEA regions are expected to offer lucrative opportunities to the players, as the markets in the developed nations are saturated with large number of coronary stents.
The global market is driven by emergence of new trends in the coronary stent industry, innovation in the coronary stents in terms of coatings & designs, and increase in patient preference for minimally invasive procedures. However, this growth is restricted by high cost of these devices (especially in the developing nations) and availability of substitutes in the market. Conversely, emerging markets of the Asia-Pacific and LAMEA regions are expected to provide several growth opportunities during the forecast period.
At present, many stent manufacturers have ventured into the R&D of bio-absorbable vascular stents (BVS), which is in developmental stage. However, its demand is expected to rise in near future, owing to its several benefits. Limitations are associated with BVS, although with improvement in the device it is expected to be first line of therapy for certain indications as compared to the currently used second-generation DES. In addition, the emerging countries have witnessed rapid increase in the shipments of these coronary devices, resulting in the improvement of their healthcare infrastructure.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.