This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

India Coronary Stent Market

Market Insights on India Coronary Stent covering sales outlook, demand forecast & up-to-date key trends

India Coronary Stent Market By Product Type (Drug Eluting Stent, Bare Metal Stent, Bioresorbable Vascular Stent), Raw Material Type (Cobalt Chromium, Stainless Steel, Platinum Chromium, Polymer), End User (Hospitals, Ambulatory Surgical Centres, Cardiac Catheterization Laboratories) & Region - Forecast to 2016-2026

Introduction

Coronary stent is an expandable tube device used to keep the artery open during treatment of coronary heart disease. It is placed in arteries that supply blood to the heart during a procedure called percutaneous coronary intervention (PCI) or angioplasty. The procedure helps reduce chest pain (angina) and increase survival rate of patients. Increasing PCI procedure in India is expected to drive demand for coronary stents, as risk of coronary heart disease is higher among elderly individuals, owing to increasing prevalence of diabetes, acute coronary syndromes and hypertension along with relatively fast detection of disease.

Furthermore, increasing per capita income, strong healthcare infrastructure and well established reimbursements are soaring demand for coronary stents in India. India coronary stents market is segmented by product type, raw material and end user.

Market Value and Forecast

India coronary stents market is estimated to be valued at US$ 531 Mn by 2016 end and is expected to expand at a CAGR of 14.0% over the forecast period (2016–2026)

Customize this Report

Let us know your requirement to get
100% FREE customization

Market Dynamics

Demand for coronary stents is currently witnessing robust growth in India, mainly due to FDA approval for new stents and increasing number of PCI procedures in hospitals. The coronary stents market in India is mainly dominated by MNCs, accounting for the largest share of 70%. 

Rising health consciousness and increased healthcare expenditure is expected to drive the market in near future. Macroeconomic factors such as favourable government reimbursement policies and increase in FDI in healthcare sector is further projected to drive growth of the market.

Other prominent growth drivers include rapidly growing medical technology industry and rising affordability of CHD treatment. However, chances of restenosis after angioplasty is a major factor expected to hamper overall growth of coronary stents market over the forecast period. Moreover, lack of well-established distribution channel associated with stents increases overall cost associated with it, which in turn is negatively impacting overall adoption of stents in the country.

Market Segmentation by Product

On the basis of product type, the market has been segmented into Drug Eluting Stent (DES), Bare Metal Stent (BMS) and Bioresorbable stent (BVS).

India Coronary Stent Market Download Report Brochure

Drug Eluting Stent product type segment is expected to exhibit the highest growth over the forecast period. BMS segment is expected to exhibit stable growth during the forecast period. This is mainly attributed to emergence of new and effective stents in the market, which are expected to stabilize growth of the BMS segment.

Market Segmentation by Raw Material

On the basis of raw material, the market has been segmented into cobalt-chromium, stainless steel, platinum-chromium, nickel-titanium and polymer. Cobalt-chromium segment is expected to exhibit the highest growth over the forecast period, followed by platinum-chromium segment. Development of new stents owing to increasing investment in the healthcare sector along with high efficacy and safety of raw materials that increase lifespan of stents.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
Talk to Analyst

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

Talk to Analyst

Market Segmentation by End User

On the basis of end user, the market has been segmented into hospitals, ambulatory surgical centres, and cardiac catheterization laboratories. Hospitals segment accounts for the highest revenue share in the India coronary stents market, followed by ambulatory surgical centres and cardiac catheterization laboratories segments, respectively. Increasing patient population seeking effective and efficient treatment at low cost is a key factor driving adoption of new medical devices and technologies in hospitals

Key Players

Some key players in the global infusion pumps market identified in this report are Abbott Laboratories, Medtronic, Inc., Biosensors Inc., and Boston Scientific Inc. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of their specific strengths, weaknesses, opportunities and threats.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Key Segments

Product Type

  • Drug Eluting Stent
  • Bare Metal Stent
  • Bioresorbable Vascular Stent

Raw Material Type

  • Cobalt Chromium
  • Stainless Steel
  • Platinum Chromium
  • Polymer

End User

  •   Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterization Laboratories

Frequently Asked Questions

The Indian coronary stent market is likely to secure a CAGR of 14% through 2032.

The Indian coronary stent market size is estimated to cross US$ 4.45 Bn by 2032.

The Indian coronary stent market is likely to record a value of US$ 1.2 Bn in 2022.

India is likely to lead the coronary stent market.

Table of Content

1. Research Methodology

2. Assumptions & Acronyms

3. Executive Summary

4. Coronary Stents Market Overview

4.1. Definition

4.2. Taxonomy

4.3. Parent Market Overview Comparative Analysis

4.4. Market Scenario-Conservative, Likely and Optimistic Outlook

4.4.1. Likely Scenario Factor Analysis

4.5. Value Chain Analysis

4.6. India Coronary Stents Market Overview (US$ Mn), 2015-2026

5. What Makes Coronary stents Market Attractive

6. Market Dynamics

6.1. Macro-Economic Drivers

6.2. Market Opportunity

6.3. Demand Side Drivers

6.4. Supply Side Drivers

6.5. Restraints

6.6. Trends

7. Coronary Stents Market, By Product Type

7.1. Introduction

7.1.1. Y-o-Y Growth Comparison, By Product 

7.1.2. Market Share & Basis Point (BPS) Analysis, By Product 

7.2. Market Forecast, By Product 

7.2.1. Drug Eluting Stent (DES)

7.2.1.1.  Absolute $ Opportunity

7.2.1.2.  Market Value Forecast

7.2.2. Bare Metal Stent (BMS)

7.2.2.1.  Absolute $ Opportunity

7.2.2.2.  Market Value Forecast

7.2.3. Bioresorbable Vascular Stent (BVS)

7.2.3.1.  Absolute $ Opportunity

7.2.3.2.  Market Value Forecast

7.3. Market Attractiveness Analysis, By Product 

7.4. Coronary Stents Market Prominent Trends, By Product 

8. Coronary Stents Market Analysis, By Raw Material

8.1. Introduction

8.1.1. Y-o-Y Growth Comparison, By Material 

8.1.2. Market Share & Basis Point (BPS) Analysis, By Material 

8.2. Market Forecast, By Material 

8.2.1. Metal

8.2.1.1.  Cobalt Chromium

8.2.1.1.1.   Absolute $ Opportunity

8.2.1.1.2.   Market Value Forecast

8.2.1.2.  Stainless Steel

8.2.1.2.1.   Absolute $ Opportunity

8.2.1.2.2.   Market Value Forecast

8.2.1.3.  Platinium Chromium

8.2.1.3.1.   Absolute $ Opportunity

8.2.1.3.2.   Market Value Forecast

8.2.1.4.  Nickel Titanium

8.2.1.4.1.   Absolute $ Opportunity

8.2.1.4.2.   Market Value Forecast

8.2.2. Polymer

8.2.2.1.  Absolute $ Opportunity

8.2.2.2.  Market Value Forecast

8.3. Market Attractiveness Analysis, By Material 

8.4. Coronary Stents Market Prominent Trends, By Material

9. Coronary Stents Market Analysis, By End User

9.1. Introduction

9.1.1. Y-o-Y Growth Comparison, By End User 

9.1.2. Market Share & Basis Point (BPS) Analysis, By End User 

9.2. Market Forecast, By End User 

9.2.1. Hospitals

9.2.1.1.  Absolute $ Opportunity

9.2.1.2.  Market Value Forecast

9.2.2. Ambulatory Surgical Centers

9.2.2.1.  Absolute $ Opportunity

9.2.2.2.  Market Value Forecast

9.2.3. Cardiac Catheterization Laboratories

9.2.3.1.  Absolute $ Opportunity

9.2.3.2.  Market Value Forecast

9.3. Market Attractiveness Analysis, By End User 

9.4. Coronary Stents Market Prominent Trends, By End User 

10.   Competition Landscape

10.1.Competition Dashboard

10.2.Company Profiles

10.2.1. Revenue

10.2.2. Products/Brand Offerings

10.2.3. Key developments

10.2.4. SWOT Analysis

10.2.5. Company Highlights

10.2.5.1.  Abbott Vascular

10.2.5.2.  Medtronic, Inc.

10.2.5.3.  Biosensors Inc.

10.2.5.4.  Boston Scientific Inc.

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

Table 01: India Coronary Stents Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)

Table 02: India Coronary Stents Market Value Forecast, By Raw Material, 2016–2026 (US$ Mn)

Table 03: India Coronary Stents Value Forecast, By End User, 2016–2026 (US$ Mn)

Sabyasachi Ghosh
Principal Consultant
LinkedIn
Talk to Analyst

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

Talk to Analyst

List of Charts

Figure 01: Coronary Stents Market Snapshot (2016)

Figure 02: India Coronary Stents Market Value USD $ Mn, 2016–2026

Figure 03: India Coronary Stents Market Value USD $ Mn, 2016–2026

Figure 04: Indication for PCI

Figure 05: India GDP Vs. Healthcare Expenditure Prevalence

Figure 06: India Geriatrics Population Proportion

Figure 07: Coronary Stents Market Share Analysis, by Product Type (%), 2016–2026

Figure 08: India Coronary Stents Market Y-o-Y Growth (%), by Product, 2016–2026

Figure 09: India Coronary Stents Market Attractiveness Index, by Product, 2016–2026

Figure 10: India Coronary Stents Market (Mn) & Y-o-Y Growth (%) By DES, 2016–2026

Figure 11: India Coronary Stents Market Absolute $ Opportunity, by DES Segment, 2016 – 2026 (US$ Mn)

Figure 12: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by BMS Segment, 2016–2026

Figure 13: India Coronary Stents Market Absolute $ Opportunity, by BMS Segment, 2016 – 2026 (US$ Mn)

Figure 14: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by BVS Segment, 2016–2026

Figure 15: India Coronary Stents Market Absolute $ Opportunity, by BVS Segment, 2016 – 2026 (US$ Mn)

Figure 16: India Coronary Stents Market Share Analysis, by Raw Material (%), 2016 & 2026

Figure 17: India Coronary Stents Market Y-o-Y Growth (%), by Raw Material, 2016–2026

Figure 18: India Coronary Stents Market Attractiveness Index, by Raw Material, 2016–2026

Figure 19: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Cobalt Chromium Segment, 2016–2026

Figure 20: India Coronary Stents Market Absolute $ Opportunity, by Cobalt Chromium Segment, 2016–2026 (US$ Mn)

Figure 21: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Stainless Steel Segment, 2016–2026

Figure 22: India Coronary Stents Market Absolute $ Opportunity, by Stainless Steel Segment, 2016–2026 (US$ Mn)

Figure 23: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Platinum Chromium Segment, 2016–2026

Figure 24: India Coronary Stents Market Absolute $ Opportunity, by Platinum Chromium Segment, 2016–2026 (US$ Mn)

Figure 25: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Nickel Titanium Segment, 2016–2026

Figure 26: India Coronary Stents Market Absolute $ Opportunity, by Nickel Titanium Segment, 2016–2026 (US$ Mn)

Figure 27: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Polymer Segment, 2016–2026

Figure 28: India Coronary Stents Market Absolute $ Opportunity, by Polymer Segment, 2016–2026 (US$ Mn)

Figure 29: India Coronary Stents Market Share Analysis, by End User (%), 2016 & 2026

Figure 30: India Coronary Stents Market Y-o-Y Growth (%), by End User, 2016–2026

Figure 31: India Coronary Stents Market Attractiveness Index, by End User, 2016–2026

Figure 32: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Hospitals, 2016–2026

Figure 33: India Coronary Stents Market Absolute $ Opportunity, by Hospitals Segment, 2016–2026 (US$ Mn)

Figure 34: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Ambulatory Surgical Centers Segment, 2016–2026

Figure 35: India Coronary Stents Market Absolute $ Opportunity, by Ambulatory Surgical Centers Segment, 2016–2026 (US$ Mn)

Figure 36: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Cardiac Catheterization Laboratories Segment, 2016–2026

Figure 37: India Coronary Stents Market Value (US$ Mn) and Y-o-Y Growth (%), by Cardiac Catheterization Laboratories Segment, 2016–2026

Figure 38: Competitive Positioning Analysis

Figure 39: Company Market Value Share (%), 2016

Need specific information?

Request Customization

Explore Healthcare Insights

View Reports

Recommendations

Healthcare

Gastrointestinal Stent Market

Published : February 2022

Healthcare

Thoracic Vascular Stent Grafts Market

Published : January 2018

Healthcare

Gel Stent Market

Published : March 2017

Healthcare

Neurovascular Stent Retrievers Market

Published : April 2016

Google translate

India Coronary Stent Market