Coronary Stents Market Forecast to 2026 Focusing on Top Key Players Boston Scientific Corporation, Abbott, Medtronic plc, B. Braun Melsungen AG, Stentsy SA, Terumo Interventional Systems, Kyoto Medical Planning Co., Ltd., QualiMed, Elixir Medical Corporat

Coronary Stents Market is expected to have a highly positive outlook for the next five years 2018–2026 according to a recently released Coronary Stents Market research report. The report has been added in his large database by Coherent Market Insights.

Coronary stents are small wired mesh-like medical interventional devices used for treatment of narrowed arteries. Increasing incidence of coronary blockage and changes in lifestyle from physically active to sedentary lifestyle, in turn is increasing cholesterol accumulation, and in turn aiding the coronary stents market growth. For instance, according to World Health Organization (WHO) 2017 survey, the global prevalence of obesity increased by three times between 1975 and 2016.

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The trajectory growth in the coronary stents market can be attributed to increasing number of product launches in the market. Intense competition and pricing pressure is compelling manufacturers to develop cost-effective and innovative stents in the market.

For instance, in 2017, Medtronic received approval for Onyx drug eluting stents from the U.S. FDA for the treatment of coronary artery disease in adults. In the same year, company also received approval for cobalt chromium coronary stent system, known as Pro-Kinetic energy stents after BIOHELIX-I studies.

Furthermore, in 2017, Cordis launched two products: the Tryton Side Branch Stent and Medinol’s NIRxcell, a cobalt-chromium bare metal stent (BMS) under comprehensive interventional cardiology portfolio at 29th Transcatheter Cardiovascular Therapeutics Symposium. Such product launches in symposiums and conferences are expected to highlight the product and its features to healthcare professionals and distributors, in turn aiding in increasing the customer base of the company.

Market Dynamics

Increasing product launches coupled with increasing geographical approval in drug eluting coronary stents is propelling growth of the coronary stents market. For instance, in May 2018, Abbott received the U.S. FDA approval for XIENCE Sierra, the new generation of everolimus-eluting coronary stent. The XIENCE received approval from the Japan’s regulatory body in April 2018, and CE mark from European regulatory bodies in 2017. Furthermore, companies are also evaluating and launching products with novel material, such as with metal like cobalt chromium and fully biodegradable stents. For instance, in 2017, Biotronik received FDA approval for PRO-Kinetic energy cobalt chromium-based bare metal coronary stent system to treat coronary artery blockage. However, coronary stents market is also subjected to the factors such as stringent regulatory approval policies for the interventional devices and medical complications such as restenosis and thrombosis, which are expected to restrain coronary stents market growth.

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Major players operating in the coronary stents market include;

- Boston Scientific Corporation.
- Abbott.
- Medtronic plc.
- B. Braun Melsungen AG.
- Stentsy SA.
- Terumo Interventional Systems.
- Kyoto Medical Planning Co., Ltd.
- QualiMed.
- Elixir Medical Corporation.
- ENDOCOR GmbH.
- BIOTRONIK SE & Co. KG.
- Amaranth Medical, Inc.
- Arterial Remodeling Technologies SA.

Detailed Segmentation:

Global Coronary Stents Market, By Product Type:
Bare-Metal Stents
Drug Eluting Stents
Bioabsorbable Stents

Global Coronary Stents Market, By Material:
Metallic
Stainless Steel
Silicon Carbide
Titanium Nitride Oxide
Cobalt Chromium
Platinum Chromium
Others
Polymeric
Non-degradable / Permanent Stents
Degradable / Temporary Stents

Global Coronary Stents Market, By End Users:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers

Global Coronary Stents Market, By Region:
North America
By Product Type:
Bare-Metal Stents
Drug Eluting Stents
Bioabsorbable Stents

By Material:
Metallic
Stainless Steel
Silicon Carbide
Titanium Nitride Oxide
Cobalt Chromium
Platinum Chromium
Others
Polymeric
Non-degradable / Permanent Stents
Degradable / Temporary Stents

By End Users:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers

By Country:
U.S.
Canada

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.