Coronary Stent Market accounted for US$ 7475 million in 2019 and is estimated to be US$ 11,158.29 million by 2030 and is anticipated to register a CAGR of 6.9%. Increasing geriatric population and their vulnerability towards various diseases are creating the need for medical aids such as coronary stents which in turn drives growth of the global market. Growing cases of cardiovascular diseases is also expected to boost growth of the global market over the forecast period. Coronary angioplasty and stent placement: It is also known as percutaneous coronary intervention (PCI). This procedure is recommended to open the clogged coronary arteries.
The report “Global Coronary Stent Market, By Product Type (Drug-Eluting Stent, Bare-Metal Stent, and Bioresorbable Vascular Stent), By Material Type (Metallic, Cobalt Chromium (CoCr), Platinum Chromium (Pt-Cr), Stainless Steel, Nickel Titanium, and Others), By End-User (Hospitals, Cardiac Center, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”
Key Highlights:
· On 1st April 2021, The National Pharmaceutical Pricing Authority has approved a hike un prices of two coronary stents by 0.53638 %, in line with the wholesale price index for the year 2020 over 2019 ass per official notice.
Analyst View:
The alarming rise in the number of CVDs, especially vascular diseases, has become the primary growth driver for the global coronary stents market. Changing lifestyles that are characterized by high stress levels, smoking, alcohol consumption, and poor choice of food habits have collectively led to questionable heart health among people globally. As this problem aggravates, the coronary stents market is projected to witness steady growth during the forecast period.
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Key Market Insights from the report:
The Global Coronary Stent Market accounted for US$ 7475 million in 2019 and is estimated to be US$ 11,158.29 million by 2030 and is anticipated to register a CAGR of 6.9%. The global coronary stent market report segments the market on the basis of product type, material type, end user, and region.
· On the basis of product, the global coronary stent market is segmented into Drug-Eluting Stent, Bare-Metal Stent, and Bioresorbable Vascular Stent.
· Based on material type, the target market is segmented into Metallic, Cobalt Chromium (CoCr), Platinum Chromium (Pt-Cr), Stainless Steel, Nickel Titanium, and Others.
· On the basis of end-user, the target market is segmented into Hospitals, Cardiac Center, and Others.
· By region, the Global Coronary Stent Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the worldwide leader in the sepsis diagnostics market in terms of revenue.
Competitive Landscape:
The key players operating in the global coronary stent market includes Biotronik SE & Co. KG, Braun Melsungen AG, Terumo Corporation, Medtronic plc, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Abbott Laboratories, Boston Scientific Corporation, STENTYS SA, Biosensors International Group, Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
