Global Coronary Stents Market 2017-2021

Coronary stents market analysis

According to coronary stents market opportunity analysis, the global coronary stents market is anticipated to grow at a steady rate and post a CAGR of close to 6% during the forecast period. The evaluation of the safety and efficacy of coronary stents by clinical research organizations (CROs) using clinical trials will drive the growth prospects for the global coronary stents market until the end of 2021. It has been observed that these organizations increasingly help manufacturers in the development of these devices.

Moreover, these organizations minimize the duration of regulatory approvals by engaging in tie-ups with regulatory agencies for pre- and post-market approvals of stents. Various companies conducted their research activities with Clinical Research Institute, Center for Cardiovascular Diseases, Rotenburg an der Fulda, Germany, for the paclitaxel-eluting Corofle DES (PECOPS II) followed by a six-month clinical and angiographic study and a further one-year clinical study in 2016.

Coronary stents market forecast based on geography

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. The medical facilities in the region use technologically advanced coronary stent procedures such as DES, bare-metal stents (BMS), and bioresorbable stents that provide better efficacy and safer treatment for cardiac patients and minimize hospital stays.

Coronary stents market growth: Competitive landscape and key vendors

The global coronary stents market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly competing against each other based on factors such as technological advancements like nano-coated stents, product differentiation, and product pricing. Moreover, several vendors are increasingly focusing on research and developmental activities, combined clinical studies, distribution partnerships, mergers and acquisitions, and technological innovations to extend their product portfolios. The global manufacturers rely heavily on advanced technology, high-quality products, and their brand /image to increase their revenue shares.

Key vendors in the coronary stents market

• Abbott Laboratories
• Boston Scientific
• Medtronic

Coronary stents market segmentation by product type

• DES
• BMS
• Bioresorbable stent

The drug-eluting stents (DES) segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors that will fuel the growth of the market segment includes the increasing number of people suffering from cardiovascular diseases (CVD). The increasing efforts taken by companies to prove the efficacy of their products using clinical studies such as the trial of drug-eluting stents vs. bare metal stents to treat coronary artery stenosis (NORSTENT) by the Research Council of Norway, the Royal Norwegian Ministry of Health, and the Norwegian Council on Cardiovascular Diseases, will also fuel the coronary stents market revenue.

Coronary stents market segmentation by end-user

• ASCs
• Hospitals
• Physicians’ offices

The ASCs segment accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the factors contributing growth in the market segment include the minimization of medical expenses and the duration of hospital stays and the availability of a wide range of medical services and surgical and non-surgical procedures in outpatient settings. Furthermore, since they have advanced operating equipment, specialist surgeons, and operating and recovery rooms without complex administrative procedures, ASCs is gaining traction in the market.

Key questions answered in the report include

• What will the coronary stents market size and the growth rate be in 2021?
• What are the key factors driving the global coronary stents market?
• What are the key coronary stents market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global coronary stents market?
• What are the market opportunities and threats faced by the vendors in the global coronary stents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global coronary stents market?

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