Emergence of Newer Trend Drives the Growth of Coronary Stents Market | Industry Perspective & Forecast 2022

Coronary stents are small elastic tubes that are used for the treatment of narrowed and blocked coronary arteries in patients with coronary artery disease (CAD). These reduce the symptoms of chest pain (angina) and help in the treatment of a heart attack. These types of stents are also called heart stent or heart stent. They comprise a metallic mesh and are implanted in constricted coronary arteries during a technique known as the percutaneous coronary intervention (PCI) or angioplasty.

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The factors driving the growth of the global coronary stent market are the increase in the prevalence of CAD, the improvement of patient outcomes with stenting, and the emergence of new trends in the field of coronary stents. In addition, increased demand for coronary stents from emerging countries and increased awareness of the availability of adequate insurance and reimbursement policies provide opportunities for coronary stents. However, the high cost of the procedures associated with coronary stents and the availability of a substitute method for the treatment of CAD is expected to hamper market growth.

The DES is expected to maintain its dominant position throughout the period of analysis, due to its important property of preventing the growth of scar tissue (restenosis) in the arterial wall after the procedure. In addition, with advances in the field of stents, DES has improved significantly and shows a reduction in stent thrombosis. In addition, they provide better results for patients with CAD treated with percutaneous coronary intervention (PCI).

The metallic biomaterials segment dominated with three-quarters of the market, in 2015, due to the profitability of these materials. Metallic biomaterials provide vascular healing efficiency compared to other materials. These are used to make expandable and drug-eluting stents. It is expected that the market segment of metal biomaterials worldwide grow to a CAGR of 9.5%.

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Market Players:

• Abbott Laboratories
• Boston Scientific Corporation
• C. R. Bard Inc.
• Medtronic plc.
• Microport Scientific Corporation
• B. Braun Melsungen AG

Key Findings of the Coronary Stents Market:

• It is anticipated that bioabsorbable stents will grow at a higher rate during the period of analysis from 2016 to 2022.

• It is projected that Asia-Pacific will maintain its leading position throughout 2022, growing at a compound annual rate of 11.5%.

• The metal biomaterials segment accounted for more than half of the total market in 2015.

• China accounted for a quarter of the total market share of coronary stents from Asia and the Pacific in 2015.

• India is expected to grow to the highest CAGR of 14.2% from 2016 to 2022

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