Coronary
stents market insights and analysis by products, by end users -
forecast till 2032. The coronary stents market was valued at USD 16.63 billion
and is predicted to grow at a 6.3% CAGR between 2022- 2032, as per the recent
analysis by Market Research Future (MRFR). A coronary stent, simply put, is a
device that is tube-shaped inserted into the coronary
artery that helps in regulating the supply of blood to the heart. These
stents have substantially altered the practice of interventional cardiology via
reducing the early complications like abrupt vessel closure along with
enhancing late clinical outcomes or restenosis, thus resulting in physician and
patient satisfaction.
The expansion of the worldwide coronary stents market is
being driven by a number of factors. According to the most recent MRFR study,
these variables include growing public investment, sharp increases in
healthcare spending and coverage, building health infrastructure, and
lifestyle-related disorders. Along with an ageing and increasingly obese
population, prostheses are widely used in coronary artery treatment operations,
new technologies have received FDA approval, and the incidence of coronary
artery illnesses is rising.
On the contrary, the lack of institutional support may limit
the global coronary stents market growth over the forecast period. Besides,
supply chain constraints, delayed elective surgeries, and primary focus to
treat COVID-19 patients is also affecting market growth.
Key Players
Leading players profiled in the global coronary stents
market report include Terumo Corporation, Stentys SA, MicroPort Scientific
Corporation, Meril Life Sciences, Medtronic Plc, Elixir Medical Corporation,
Cook Medical, C. R. Bard, Inc., Boston Scientific Corporation, Biotronik SE
& Co. KG, B. Braun Melsungen AG, and Abbott.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the
global coronary
stents market players based on end users and products.
By products, the global coronary stents market is
segmented into bioresorbable vasculae scaffolds, bare metal stents, and drug
eluting stents. Of these, the drug eluting stent segment will lead the market
over the forecast period. Better patient compliance and wider acceptance in
angioplasty procedures are adding to the growth of the segment. Meanwhile, the
bioresorbable stents are predicted to grow at a fast pace over the forecast
period.
By end users, the global coronary stents market is
segmented into specialty centers, ambulatory surgical centers, hospitals and
clinics, & others. Among these, hospitals and clinics will spearhead the
market over the forecast period. Meanwhile, the ambulatory surgical centers is
predicted to grow at a fast pace over the forecast period for the growing
establishments of ambulatory surgical centers especially in developing and
developed countries.
Regional Analysis
Based on the region, the global coronary stents market
report covers the growth opportunities and recent trends across the Americas,
Europe, the Asia Pacific, & the Middle East and Africa (MEA). Among these,
the Americas will spearhead the market over the forecast period. The presence
of leading medical device manufacturers, high disposable income, increasing
awareness about population, advanced treatment procedures, development of
improved therapeutic approaches, and growing cases of cardiovascular diseases
like coronary artery disease, arterial blockage, cardiac arrhythmia,
among others are adding to the global coronary stents market growth.
The global coronary stents market in Europe is predicted to
have the second-largest share over the forecast period. Growing government
support for device manufacturers and the expansion of companies geographically
are adding to the global coronary stents market growth in the region.
Over the course of the projection period, it is expected
that the global market for coronary stents in the APAC region will expand
quickly. The region's market for coronary stents is expanding as a result of
the increasing medical industry, particularly in China and India, rising
government support for healthcare, an increase in the number of medical device
firms, and rising R&D spending.
The global coronary stents market in the MEA is predicted to
have small growth over the forecast period.
About Market Research Future:
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global market research company that takes pride in its services, offering a
complete and accurate analysis with regard to diverse markets and consumers
worldwide. Market Research Future has the distinguished objective of providing
the optimal quality research and granular research to clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help answer your
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