Coronary Stents Market Expected to Witness a Sustainable Growth Over 2022


Posted March 12, 2019 by sandeeps88

increase in prevalence of CAD, improved patient outcomes with stenting, and emergence of new trends in the field of coronary artery stents.

 
Coronary stents are small elastic tubes used for the treatment of narrowed and blocked coronary arteries in patients with coronary artery disease (CAD). These reduce the symptoms of chest pain (angina) and aid in the treatment of a heart attack. These types of stents are also called as heart stents or cardiac stents. They comprise metal mesh and are implanted in constricted coronary arteries during a technique known as percutaneous coronary intervention (PCI) or angioplasty.

Market projects that the global market was valued at $4,806 million in 2015, and is projected to reach at $9,003 million by 2022, growing at a CAGR of 9.5% from 2016 to 2022.


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Factors that drive the growth of the global coronary stents market are increase in prevalence of CAD, improved patient outcomes with stenting, and emergence of new trends in the field of coronary artery stents. In addition, increase in demand for coronary stents from the emerging countries and growth in awareness about availability of suitable insurance & reimbursement policies provide opportunities to the coronary stents manufacturers.

However, high cost of procedures associated with coronary stents and availability of substitute method for the treatment of CAD are expected to hamper the market growth. DES is expected to maintain its dominant position throughout the analysis period, owing to its significant property of preventing the growth of scar tissue (restenosis) in the arterial wall after the procedure.

In addition, with the advancements in stents field, DES have been significantly improved and show reduction in stent thrombosis. Moreover, they provide improved outcomes for patients with CAD treated with percutaneous coronary intervention (PCI).


Key Benefits:

•The study provides an in-depth analysis of the global coronary stents market, with current trends and future estimations to elucidate the imminent investment pockets from 2014 to 2022.

•A quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on the prevailing market opportunities is discussed.

•Key market players are profiled and their strategies are analyzed thoroughly, which helps understand competitive outlook of the market.

•Porters Five Forces model elucidates the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.

Key Players:

•Abbott Laboratories
•Boston Scientific Corporation
•C. R. Bard Inc.
•Medtronic plc.
•Microport Scientific Corporation
•B. Braun Melsungen AG
•Terumo Corporation
•Biotronik SE & Co. KG
•Biosensors International Group Ltd.
•Stentys SA.

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Issued By Allied Market Research
Country United States
Categories Industry , Medical , Research
Tags coronary stents industry , coronary stents market , coronary stents market analysis
Last Updated March 12, 2019