Technological advancements in the coronary stents is expected to drive the growth of the market

by Sameer Joshi or 16-Apr-2018

According to a new market research study titled ‘Coronary Stents Market to 2025 – Global Analysis and Forecasts by Type, Absorption Rate, Material and End-Users. The global coronary stents market is calculated to account for US$ 13,879.0 Mn by 2025 as compared to US$ 7,619.4 Mn in 2017, growing at a CAGR of 7.8% during the forecast period from 2018 to 2025. The report highlights the trends prevalent in the global coronary stents market and the factors driving the market along with those that act as deterrents to its growth.


The global coronary market is a matured market in the developing countries as well as developing economies worldwide.. Hospitals followed by the cardiac centers and ambulatory surgical centers are experiencing high demand for coronary stents. Among the absorption rate, the demand for slow absorption rate stents is significantly high as stents are the most preferred by physicians and patients. This high demand can be attributed to slow rate of drug elution by the stent, which in turn, decreases the risk of blockage over the time period diagnostics, drug discovery. Furthermore, advancements in technologies is expected to be a driving factor for the coronary stents market.


However, the stringent regulations may hamper the growth of the market in the coming years. In recent years, coronary stents are the implantable devices that are placed percutaneous in one or more coronary arteries for maintaining the patency. The various stages of the regulation of the stents requires an examination at each stage. The clinical evaluation of the drug-eluting stents is majorly aimed to validate the safety and usefulness. As for the safety concerns, clinical evaluation of drug eluting stents plays a major role. Regulatory authorities recommend long term post approval clinical follow up, thereby ensuring safety and efficiency. Therefore strict regulatory requirements may hamper the market growth in near future.


The global coronary stents market has been segmented, based on type, absorption rate, material and end-users. The coronary stents by type is segmented as biodegradable stents, bare metal stents and drug eluting stents. Based on the absorption rate, the market is segmented as the slow absorption rate and fast absorption rate stents. The coronary stents market based on the material is segmented as nitinol, polymers, nickel, gold, tantalum, stainless steel and cobalt alloy metal. The end user segment can be categorized into ambulatory surgical centers, hospitals and cardiac centers. The market is further examined by evaluating the market on basis of five strategic regions worldwide as North America, Europe, Asia Pacific, Middle East and Africa, and South America.


The key players operating in the field of coronary stents worldwide include Stentys SA Biotronik SE & Co. Kg, Microport Scientific Corporation, Medtronic PLC, Translumina GmbH, Biosensors International Group, Ltd., Abbott Laboratories, Vascular Concepts Limited, B. Braun Melsungen AG, , and Terumo Corporation. Many other companies are investing in coronary stents market owing to the potential improvements related to dissolving properties, and safety.


The report segments the global coronary stents market as follows:

Global Coronary Stents Market – By Type

- Biodegradable Stents
- Bare Metal Stents
- Drug Eluting Stents

Global Coronary Stents Market – By Absorption Rate

- Slow Absorption Rate
- Fast Absorption Rate

Global Coronary Stents Market – By Material

- Nitinol
- Polymer
- Nickel
- Gold
- Tantalum
- Stainless Steel
- Cobalt Alloy Metal

Global Coronary Stents Market – By End-User

- Ambulatory Surgical Centers
- Hospitals
- Cardiac Centers

Global Coronary Stents Market – By Geography

- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific (APAC)
- Japan
- China
- India
- Middle East & Africa (MEA)
- South Africa
- South America (SAM)
- Brazil