Coronary Stent Global Market,Key Factors, Comprehensive Analysis 2027

Coronary Stent Market Research Report: By Type (Bare-Metal Stents, Drug-Eluting Stents, and Bio Absorbable Stents), by Mode of Delivery (Balloon-Expandable Stents and Self-Expanding Stents), by End-User (Hospitals & Clinics) -Forecast Till 2027

Market Highlights

Factors such as the increasing prevalence of heart diseases and rising therapeutics demand are estimated to drive the market growth during the forecast period. Additionally, advancements in diagnostic and treatment technologies boost the market. However, low awareness and lack of healthcare services in the middle and low-income countries are estimated to restrain the market growth during the projected period.

The Global Coronary Stent Market is expected to have a CAGR of 7.8% during the forecast period.

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Many private and government insurance organizations are present in developed countries. Over 50 private insurance companies are present in the U.S. The policies cover more than 75% of the cost of the devices and treatment. For instance, under the Medicare plan in the U.S., if the average cost of three stents is approximately USD 10,000, then USD 7,500 is reimbursed. Additionally, in developed countries such as the U.K., Canada, and Germany, other similar reimbursement policies are available. On the other hand, alternative treatment methods for coronary arteries disease and numerous cases of product recalls may hamper the market growth.

Key Players in the Global Coronary Stent Market

• Abbott Laboratories (U.S.)

• Boston Scientific Corporation (U.S.)

• Elixir Medical Corporation (U.S.)

• Reva Medical Inc. (U.S.)

• BIOTRONIK SE & Co. KG (Germany)

• Braun Melsungen AG (Germany)

• Terumo Corporation (Japan)

• Medtronic plc (Ireland)

• MicroPort Scientific Corporation (China)

• Meril Life Sciences Pvt. Ltd. (India)

• Vascular Concepts (India)

• Translumina GmbH (Germany)

• STENTYS SA (France)

• Biosensors International Group, Ltd. (Singapore)

• Kyoto Medical Planning Co. Ltd. (Japan)

Segments

The global coronary stent market is segmented on the basis of type, mode of delivery, material, and end-user.

On the basis of type, the market is segmented into bare-metal stents, drug-eluting stents, and bio absorbable stents.

On the basis of mode of delivery, the market is segmented into balloon-expandable stents and self-expanding stents.

On the basis of material, the market is segmented into metallic stents, cobalt chromium, platinum chromium, nickel titanium, stainless steel, and others.

On the basis of end-user, the market is segmented into hospitals and clinics, cardiac centers, ambulatory surgical centers, and others.

Regional Analysis of the Global Coronary Stent Market

The American coronary stent market is segmented into two regions, namely, North America and South America. North America, being the largest market, is mainly driven by the increasing patient population suffering from coronary heart disease, growing investment in healthcare, and increasing geriatric population. Furthermore, the U.S. is the largest market in North America owing to the presence of a large number of market players manufacturing coronary stents and the increasing awareness about risk factors for the coronary heart disease. Canada is expected to be the fastest growing market which is driven by the overall increasing demand for medical devices with progress in coronary stent devices. South America is expected to be the fastest growing market due to technologically advanced devices for diagnosis and the increasing demand for treatment options of the coronary heart disease.

Asia Pacific is expected to be the fastest growing market whose growth is attributed to the increasing burden of cardiovascular diseases and increasing focus on early diagnosis and treatment of heart diseases. Furthermore, other factors contributing to the growth of the market are lifestyle changes, the influence of western culture among adults, and addiction to smoking. Additionally, the increasing environmental pollution and exposure to harmful chemicals also attribute to the growth of the market.

The European coronary stent market exhibits a positive growth with an increasing emphasis on the diagnosis of heart diseases and other related diseases. Moreover, Germany and the U.K. are the major contributors to the growth of the market. Additionally, the increasing expenditure in healthcare by major countries in Europe also accelerates the growth of the market.

The Middle Eastern and African market for coronary stents exhibits a steady rise with an increase in the number of healthcare facilities providing treatments for chronic conditions and the flourishing growth of the medical device sector especially diagnostic devices. In the African region, the awareness about the coronary heart disease is increasing the growth of the market.

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