An Incisive, In-depth Analysis on the Coronary Stents Market
This study offers a comprehensive, 360 degree analysis on the Coronary Stents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Coronary Stents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
A coronary stent is a small cylindrical device used during percutaneous coronary intervention (PCI). Coronary stents help relieve the symptoms of coronary heart disease by reducing blockages and improving blood flow to the heart. They are beneficial for patients suffering from coronary artery diseases such as myocardial infarction and unstable angina. The global coronary stents market is estimated to be valued at US$ 11.32 Bn by 2026, registering a CAGR of 6.6% over the forecast period.
Increasing prevalence of cardiovascular diseases expected to drive overall market growth
The global coronary stents market is driven by an increasing occurrence of lifestyle diseases such as obesity and cardiovascular diseases such as angina pectoris and ischemic heart disease especially in developed countries. Also, an increasing meditech progress in the cardiovascular field is expected to drive the growth of the global coronary stents market during the forecast period. Cardiologists the world over prefer advanced stenting procedures and this is another important factor boosting market growth. However, various complications and risks associated with stenting procedures and high costs of drug eluting stents is expected to adversely affect the revenue growth of the global coronary stents market over the forecast period.
By Product Type
By Raw Material
By End Use
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Drug Eluting Stent product type segment estimated to account for significant market share by 2016 end
The Drug Eluting Stent segment is anticipated to account for 75.6% value share of the global coronary stents market by the end of 2016. This segment is expected to register a CAGR of 6.8% in terms of value over the forecast period. The Bioresorbable Vascular Stent segment is projected to register a CAGR of 9.4% between 2016 and 2026 and reach a market valuation of US$ 1,617.6 Mn by 2026.
Polymer raw material segment likely to be the most lucrative segment
The Polymer segment is expected to register high Y-o-Y growth throughout the forecast period and is expected to be valued at US$ 4,215.6 Mn by 2026, registering a CAGR of 9.2% during the forecast period. The Cobalt Chromium segment is estimated to account for 21.4% market share of the global coronary stents market by the end of 2016.
Hospitals end use segment expected to dominate the global coronary stents market in terms of value
The Hospitals segment is estimated to be valued at US$ 7,851.8 Mn by 2026, registering a CAGR of 6.3% during the forecast period. The Cardiac Catheterisation Laboratories segment is estimated to account for 19.8% revenue share by 2016 end.
APEJ market likely to register significant Y-o-Y growth throughout the forecast period
The APEJ coronary stents market is expected to hold 36.8% revenue share of the global coronary stents market by 2026. The APEJ market is expected to witness a CAGR of 8.0% during the forecast period. The North America market is anticipated to account for 29.2% market share of the global coronary stents market by 2016 end. Revenue from the North America market is projected to register a CAGR of 6.9% during 2016–2026, to reach a market valuation of US$ 3,426.0 Mn by 2026.
Global coronary stents market players are focussing on product innovation and geographical expansion to augment market share
Terumo Corporation, Boston Scientific Corporation, Medtronic, Vascular Concepts, B. Braun Melsungen AG, Biotronik SE & Co. KG, Abbott Laboratories, Biosensors International Group, Ltd., Hexacath, and Stentys SA are some of the top companies operating in the global coronary stents market. Key market players are focussing on increasing their footprints in emerging markets such as Asia Pacific and are expanding their manufacturing facilities and distribution network to gain a larger share of the global coronary stents market.
Abbott Laboratories, Medtronic, and Boston Scientific Corporation emerged as the market leaders in the global coronary stents market for both the Drug Eluting Stent and Bare Metal Stent segments in 2015. The top three market players are estimated to hold more than 70% revenue share of the global coronary stents market in 2016. Abbott Laboratories accounted for the largest share in the global coronary stents market in 2015. Boston Scientific Corporation held maximum revenue share in Brazil in 2015. The company has a strong foothold in the domestic market of Latin America, particularly in the rapidly growing cardiovascular devices market in Brazil and other emerging countries.
Future Market Insights offers a 10-year forecast of the global coronary stents market in a new report titled “Coronary Stents Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”. Our study demonstrates key market dynamics and trends likely to impact the current status and future growth prospects of the global coronary stents market for the period 2016 – 2026. The primary objective of the report is to offer updates and information related to market opportunities in the global coronary stents market.
This report provides a detailed segmentation wise and region wise market analysis of the global coronary stents market. We have included an extensive analysis of key industry drivers, restraints, market trends, market structure, and other macro-economic factors influencing the growth of the global coronary stents market; and have provided a comprehensive assessment of stakeholder strategies and imperatives for business success. The report begins with an overview of the global coronary stents market followed by an analysis of the drivers, restraints, trends, opportunities, value chain analysis, and pricing analysis. To understand and assess opportunities in the global coronary stents market, we have categorised the report into different sections based on market segmentation – by Product Type, by End Use, by Raw Material, and by Region. The subsequent sections analyse the global coronary stents market based on product type, end use, raw material, and region and provide a comprehensive forecast in terms of value for the next 10 years.
In the final section of the report, we have included a competitive landscape to provide a dashboard view of key companies operating in the global coronary stents market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global coronary stents market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. This section also includes detailed profiles of leading players dominating the global coronary stents market with an analysis of their strengths, weaknesses, opportunities, and threats and an evaluation of their short-term and long-term strategies.
We have conducted in-depth primary and secondary research to ascertain the overall market size of the global coronary stents market, top industry players, top products, industry associations, etc. The forecast presented in the report assesses the total revenue by value across the global coronary stents market and to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global coronary stents market is likely to develop in future.
Given the characteristics of the global coronary stents market, we have triangulated the data gathered through comprehensive primary and secondary research and further scrutinised it using advanced tools to acquire useful qualitative and quantitative insights. Our forecasts are not only in terms of CAGR, but also factor in an in-depth analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global coronary stents market. Further, we have analysed the different segments of the global coronary stents market in terms of Basis Point Share to understand individual segments’ relative contribution to overall market growth. This detailed level of information is important to identify the key trends impacting the global coronary stents market.
Another important feature of our report is the analysis of the global coronary stents market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve in the global coronary stents market, as well as to identify potential resources from a sales and delivery perspective. To understand key segments in terms of their growth and performance in the global coronary stents market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global coronary stents market.
Coronary Stents Market Reports - Table of Contents
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology