Coronary Stents Market Snapshot (2022 to 2032)

As per the latest Future Market Insights (FMI) analysis, demand for coronary stents and portable coronary stents will rise exponentially in the coming years. An aging population and a rising prevalence of risk factors such as cardiovascular diseases (CVDs), complex lesions, diabetes, obesity, and others are expected to drive demand for coronary stents over the forecast period.

Added advantages of stenting procedures include substantial improvement of blood flow and prevention of further damage to the heart muscle. It also helps in improving the symptoms of heart disease, such as angina and shortness of breath thereby, reducing the need for coronary bypass surgery. Thus, surgeons prefer stenting, as it is a minimally invasive procedure and post-operative recovery is relatively fast.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Coronary Stents Demand Analysis (2016 to 2021) Vs Market Outlook (2022 to 2032)

According to the WHO, in 2019, CVDs were among the major causes of mortality worldwide. In 2019, an estimated 17.9 million people died from CVDs, responsible for 32% of all worldwide mortalities. The global Coronary Stents market is expected to grow at a significant CAGR between 2022 and 2032, in comparison to the 7% CAGR registered from 2016 to 2021.

Furthermore, according to research published in the National Library of Medicine in June 2021, one of the CVDs, coronary artery disease (CAD), causes roughly 610,000 fatalities yearly (an estimated 1 in 4 deaths) and is the major cause of mortality in the USA. As a result, the unprecedented rise in CAD incidence is predicted to boost demand for an effective coronary stent device for treatment. This factor is expected to bolster the demand throughout the forecast period.

Which Drivers Underpin Coronary Stents Industry Expansion?

Increasing Prevalence of Obesity Likely to Augment the Overall Demand

The increasing global aging population is resulting in an increasing patient pool with major cardiovascular diseases. Also, hypertension is emerging as a major public health concern. Aged individuals are more prone to various cardiovascular diseases due to high total serum cholesterol levels.

Also, obesity is one of the major risk factors responsible for various cardiovascular diseases worldwide. Excessive weight or obesity causes abnormal or excessive accumulation of fats inside the artery lumen that causes several health problems such as coronary heart diseases. Hence, weight loss and obesity management are integral parameters to avoid any kind of cardiovascular disease.

According to WHO estimates, each year, 2.8 million deaths across the globe are due to diseases caused by obesity. Thus, the increasing aging and obese population are major factors expected to fuel the growth of the global coronary stents market over the forecast period.

Increasing the Number of Stenting Procedures to Push the Sales

Added advantages of stenting procedures include substantial improvement of blood flow and prevention of further damage to the heart muscle. Patients suffering from coronary artery blockage are prescribed coronary stenting. Angioplasty is the first line of treatment for patients suffering from acute coronary artery blockages.

The number of patients undergoing stenting has been increasing steadily over the last decade. This is due to the emergence of outpatient coronary stenting procedures, which reduces long hospital stays. Further, the usage of bioabsorbable coronary scaffolds in coronary blockage has proven more beneficial over drug-eluting stents.

Therefore, an increasing number of cardiologists referring to stenting procedures for patients suffering from CAD is a major factor expected to fuel revenue growth of the coronary stents market in the near future.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Which Factors are limiting the Growth of the Coronary Stents Market?

Some of the leading factors limiting the growth of the market include-

  • Availability of Alternative Treatment Methods for Coronary Artery Disease
  • Stringent Regulations for Product Approval
  • Product Failure and Product Recalls
  • Complications Associated With Implantation of Stents
  • Declining Costs of Stents

USA is Dominating the Coronary Stents Market by Growing Prevalence of Coronary Artery Diseases

The North American region dominates the coronary stents market share by securing the maximum share during the forecast period. The USA is leading the market size due to the growing number of heart diseases and the rising patient who has CAD during the forecast period. However, the rising adoption of angioplasty among patients is increasing the all-over production of coronary stents, which increases the USA coronary stents market share.

According to National Center for Health Statistics, every year, 1 in 4 deaths in the USA are caused due to coronary artery disease (CAD). Approximately 785,000 people in the USA suffer from their first heart attack, and 470,000 suffer from myocardial infarction. In addition, due to changing lifestyle habits, smoking and pollution are increasing the prevalence of coronary artery diseases in the USA in recent years.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

United Kingdom Market for Coronary Stents Drives by Growing Healthcare Sector

The Europe region is capturing a significant market share due to rising government initiatives during the forecast period. The United Kingdom coronary stents market is a prominent leader that contributes a significant share in the region by conducting new initiatives and investing in the healthcare sector during the forecast period.

The key manufacturers have increased the United Kingdom coronary stents market size by innovating advanced technology tools to treat patients efficiently in recent years. Moreover, the innovation of the PCI procedure is advanced and most accepted by the healthcare sector in the USA during the forecast period. In addition, this procedure helps to improve survivability and lower chest pain.

Korea Coronary Stents Market Boost by Growing Medical Infrastructure

The Asia Pacific coronary stents market is one of the fastest-growing regions during the forecast period capturing a high CAGR. Korea is one of the leading countries that increase the coronary stents market growth by growing medical infrastructure during the foreseen time.

The manufacturers in Korea have been developing expensive medical devices and innovating as per end-users' demands to acquire maximum output in recent years. Moreover, these players are launching high-value medical consumables devices for the effective treatment of coronary disease patients, which is likely to increase the Korean coronary stents market size. Coronary stent manufacturers in India have evolved by prioritizing innovation and cost-effectiveness to thrive in a competitive industry.

Japan Market for Coronary Stents Drives by Rising Awareness Related Coronary Treatment

Japan is another country in the Asia Pacific region that also capture the maximum share in the region during the forecast period. Rising awareness related to coronary treatment and the dropping price of coronary stents increased the Japan coronary stents market growth during the forecast period.

Moreover, the Growing sedentary lifestyle and growing management of the disease are surging the demand for coronary stents in Japan during the forecast period. In addition, the growing center for cardiac disease and rising coronary stent implantation are flourishing the Japanese coronary stents market growth in recent years.

Country-wise Insights

How big is the Opportunity in the USA?

The increasing prevalence of coronary artery diseases (CAD) is likely to augment the market growth

The increasing prevalence of coronary artery disease is fuelling the demand for interventional cardiology treatment in the USA. Patients suffering from long-term CAD are opting for angioplasty as the first line of treatment.

According to National Center for Health Statistics, every year 1 in 4 deaths in the USA are caused due to coronary artery diseases (CAD) and approximately 785,000 people in the USA suffer from their first heart attack and 470,000 suffer from myocardial infarction.

This is due to changing lifestyle habits, smoking, pollution, and other factors. This increasing prevalence of coronary artery diseases and higher healthcare expenditure in lower-middle-income countries is projected to boost the growth of the global coronary stents market over the forecast period.

How Lucrative Are Opportunities in China?

Favorable Government Support for Healthcare Development to Push the Market Positively

Increased government investment in healthcare and conducting new initiatives to bring in devices at affordable prices in cost constraint markets such as China are influencing this market as well.

For instance, in China, to address inflated pricing and other issues in the delivery of expensive medical supplies, the Chinese government launched a centralized procurement scheme for high-value medical consumables in January 2021.

The government aims to use this initiative to skip the associated suppliers and buy the items straight from the manufacturers, lowering the inflated pricing. As a result, the cost of coronary stents has dropped dramatically in China. The average price of coronary stents has been reduced by 93 % since 2019 to grab the national tender.

Start-ups for Coronary Stents Market

Some key startups in the Coronary Stents market include-

  • Silk Road Medical produces devices for Transcarotid artery revascularization (TAR) procedures for carotid artery disease. Their products include the EnRoute Transcarotid Neuroprotection and the EnRoute Stent system. The ENROUTE Transcarotid Stent is intended to be used in conjunction with the Transcarotid Neuroprotection System (NPS) during the TCAR procedure. A small incision is made just above the collar bone to expose the common carotid artery in which a flexible sheath is placed directly into the carotid artery and connected to a system that will reverse the flow of blood away from the brain to protect against fragments of plaque.
  • Echopoint Medical is a leading developer of smart devices for monitoring coronary artery disease and microvascular dysfunction. The company is involved in the development of optical-fiber-based sensors that integrate into medical devices for monitoring cardiac health. It has developed its microcatheter device that uses nanomaterials and sensors that can be positioned into cardiovascular devices for detecting heart conditions by using iKOR technology.

Who are the Leading Players in the Coronary Stents Market?

The top Coronary Stents market players are constantly upgrading their offerings to help end users. They are investing in partnerships, acquisitions, collaborations, and new product launches to gain a competitive edge in the market. For instance:

  • In April 2021, Abbott announced the launch of the coronary imaging platform Ultreon 1.0 Software powered by Al in Europe. The software has been launched with the aim to improve the detection of calcium-based blockages and measuring vessel diameter during coronary stenting procedures.
  • In February 2021, Cardiovascular Systems Inc announced a partnership agreement with Chansu Vascular Technologies, LLC with an aim to develop peripheral and coronary drug-coated balloons for applications in drug-eluting stents.

Report Scope

Report Attribute Details
Growth Rate CAGR of 5.1% from 2022 to 2032
Market Value in 2022 USD 33.36 Million
Market Value in 2032 USD 51.2 Million
Base Year for Estimation 2021
Historical Data 2016 to 2021
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered Product Type, Raw Material, End User, Region
Regions Covered North America; Latin America; Brazil; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa (MEA)
Key Countries Profiled USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel
Key Companies Profiled Abbott; Medtronic; Boston Scientific Corporation; Terumo Corporation; B Braun Melsungen AG; Biotronik; Stentys SA; MicroPort Scientific Corporation; C. R. Bard, Inc.; Cook Medical

Key Segments Covered in the Coronary Stents Industry Analysis

By Product:

  • Drug Eluting Stent (DES)
  • Bare Metal Stent (BMS)
  • Bioresorbable Vascular Stent (BVS)

By Raw Material:

  • Cobalt-Chromium
  • Stainless Steel
  • Platinum – Chromium
  • Nickel – Titanium
  • Polymer

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Cardiac Catheterization Laboratories

By Region:

  • North America
  • Latin America
  • Brazil
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the expected market value for Coronary Stents in 2022?

As of 2022, the Coronary Stents market is slated to reach a valuation of USD 33.36 Million.

At what rate will the Coronary Stents market flourish from 2022 to 2032?

From 2022 to 2032, sales of Coronary Stents are expected to grow at a 5.1% CAGR.

What is the expected market value for Coronary Stents in 2032?

By 2032, Future Market Insights expects the Coronary Stents market to reach USD 51.2 Million.

Table of Content
  • 1. Executive Summary | Coronary Stents Market
  • 2. Assumptions and Acronyms Used
  • 3. Research Methodology
  • 4. Market Introduction
  • 5. Market Analysis Scenario
  • 6. Market Dynamics
  • 7. Global Market Analysis and Forecast, By Product
    • 7.1. Drug Eluting Stent (DES)
    • 7.2. Bare Metal Stent (BMS)
    • 7.3. Bioresorbable Vascular Stent (BVS)
  • 8. Global Market Analysis and Forecast, By Raw Material
    • 8.1. Cobalt Chromium
    • 8.2. Stainless Steel
    • 8.3. Platinum – Chromium
    • 8.4. Nickel-Titanium
    • 8.5. Polymer
  • 9. Global Market Analysis and Forecast, By End User
    • 9.1. Hospitals
    • 9.2. Ambulatory Surgical Centers
    • 9.3. Cardiac Catheterization Laboratories
  • 10. Global Market Analysis and Forecast, By Region
    • 10.1. North America
    • 10.2. Latin America
    • 10.3. Brazil
    • 10.4. Western Europe
    • 10.5. Eastern Europe
    • 10.6. Asia Pacific Excluding Japan
    • 10.7. Japan
    • 10.8. Middle East and Africa (MEA)
  • 11. North America Market Analysis and Forecast
  • 12. Latin America Market Analysis and Forecast
  • 13. Brazil Market Analysis and Forecast
  • 14. Western Europe Market Analysis and Forecast
  • 15. Eastern Europe Market Analysis and Forecast
  • 16. Asia Pacific Excluding Japan (APEJ) Market Analysis and Forecast
  • 17. Japan Market Analysis and Forecast
  • 18. MEA (Middle East & Africa) Market Analysis and Forecast
  • 19. Competition Landscape
    • 19.1. TERUMO CORPORATION
    • 19.2. Boston Scientific Corporation
    • 19.3. Medtronic
    • 19.4. Vascular Concepts
    • 19.5. B. Braun Melsungen AG
    • 19.6. BIOTRONIK SE & Co. KG
    • 19.7. Abbott Laboratories
    • 19.8. Biosensors International Group, Ltd.
    • 19.9. HEXACATH
    • 19.10. STENTYS SA
Recommendations

Healthcare

Gastrointestinal Stent Market

February 2023

REP-GB-14295

266 pages

Healthcare

Neurovascular Stent Retrievers Market

November 2022

REP-GB-1409

250 pages

Healthcare

Ureteral Stent Market

July 2022

REP-GB-4056

342 pages

Explore Healthcare Insights

View Reports
Future Market Insights

Coronary Stents Market

Schedule a Call