The coronary stents market is anticipated to witness significant growth over the coming time period owing to rising prevalence of coronary artery diseases and increasing demand for minimally invasive surgeries. Coronary heart disorder is known to be the common heart disorder affecting nearly millions of people across the globe.
On the geographical front, coronary stents market in Germany is expected to witness lucrative market growth of nearly 3.0% over the forthcoming time period. This anticipated growth is ascribed to the rising prevalence of cardiovascular diseases. Meanwhile, increasing number of ambulatory surgical centers across Europe is another factor fueling the business growth. Furthermore, high rate of heart surgeries will also favor the market growth. For example, according to 2016 statistics, nearly 51,000 heart bypass surgeries were conducted across Germany.
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With respect to product, the bare metal stent segment will witness tremendous growth over the coming years. In 2018, the segment accounted for approximately $506.5 million. Bare-metal stent is without a coating or covering and were among the first ever stents licensed for use in cardiac arteries. These types of stents decrease the risk of stent thrombosis after undergoing a heart bypass. Rising prevalence of coronary heart disorders across numerous regions of the globe will drive the growth of the segment.
In terms of end-use, the coronary stents market is categorized into ambulatory surgical centers, cardiac centers, and hospitals. Among these, hospital segment will witness tremendous growth over the coming years. In 2018, the segment held over 40% revenue share. Hospitals which meets the necessary safety standards of PCI can perform stent implantations. Stringent guidelines are followed with optimum safety for such kind of procedures. Consequently, the market would be driven by the presence of high safety standards as well as cost efficiency across government hospitals.
Today, numerous clinical research studies are being conducted and submitted for regulatory approval to government bodies like the FDA. Citing an instance, in November 2020, 1 year results off the PIONEER III study comparing safety as well as efficacy of the Supreme HT drug-eluting stent to the Promus DP DES demonstrated that it was equal in clinical performance to the industry-leading DES.
The trial results were presented at the AHA (American Heart Association) Scientific Session 2020. The HT-DES is mainly designed for restoring endothelial function after delivery of stent using a combination of a quick sirolimus delivery as well as a bioresorbable PLGA polymer which dissolves after 4-6 weeks and leaves a bare metal stent. The thin strut stent is nearly 80 microns and comprises of a layer of inert eG coating promoting endothelial growth and also aids in avoiding hyperplasia.
Medtronic plc, B. Braun Melsungen AG, Boston Scientific Corporation, Abbott, and Biosensors International Group among many others are some of the key players operating in the coronary stents market.
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Partial Chapter of the Table of Content
Chapter 4. Coronary Stents Market, By Product
4.1. Key segment trends
4.2. Drug eluting stents (DES)
4.2.1. Coronary Stents Market size, by region, 2014 – 2025 (USD Million)
4.3. Bare metal stents (BMS)
4.3.1. Market size, by region, 2014 – 2025 (USD Million)
4.4. Bioresorbable vascular scaffold (BVS)
4.4.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 5. Coronary Stents Market, By End-use
5.1. Key segment trends
5.2.1. Market size, by region, 2014 – 2025 (USD Million)
5.3. Cardiac centers
5.3.1. Coronary Stents Market size, by region, 2014 – 2025 (USD Million)
5.4. Ambulatory surgical centers
5.4.1. Market size, by region, 2014 – 2025 (USD Million)
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