December 12, 2019
According to the research report titled ‘Coronary Stents Market Size by Product (Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Scaffold), By End-Use (Hospitals, Cardiac Centers, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global coronary stents market is expected to accrue USD 8 billion by the year 2025.
Growing occurrences of coronary artery diseases and rising prevalence of cardiovascular diseases are major factors driving the growth of coronary stents market. Advancement in technology such as bifurcated stents and utilization of biodegradable materials is also aiding the market expansion. Surging preference for minimally invasive medical procedures is augmenting the demand for coronary stents across the globe.
However, rising concerns regarding complications after surgery and strict government regulations in developed countries may hinder the growth of the coronary stents market to some extent.
On the basis of product type, bare metal stent segment was worth USD 506.5 million in 2018 and is expected to grow substantially over the forecast period. Growing occurrences of cardiovascular disorders, along with the ability of these products to reduce the stent thrombosis risk after heart bypass surgery are contributing towards the segmental share.
Elaborating on end-user spectrum, hospital segment held 40% share in coronary stents market revenue in 2018 and is estimated to show significant growth through 2025. Safety measures taken by these establishments in line with strict guidelines for implantation surgeries, coupled with low costs associated with government hospitals is fueling growth of the segment.
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Considering geographical landscape, Europe will dominate the global coronary stents market owing to growing occurrences of heart diseases and rising number of cardiovascular surgeries in Germany. According to the report, Germany coronary stents market is expected to grow by 3% during the period of 2019-2025. Moreover, increasing number of surgical centers across Europe will contribute towards regional growth.
The prominent companies operating in the coronary stents market are B. Braun Melsungen AG, Abbott, Boston Scientific Corp., Medtronic Plc, Biotronik, and Biosensors International Group among others.
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