Market Overview:
The global self-expanding coronary stents market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing incidence of cardiovascular diseases, technological advancements in stent design and manufacturing, and rising demand for minimally invasive procedures. Based on type, the global self-expanding coronary stents market is segmented into metallic stents, cobalt chromium stents, platinum chromium stents, nickel titanium (NiTi) stents, stainless steel (SS)stents,, and others. The metallic segment dominates the global self-expanding coronary Stent Market with a share of more than 60%. This can be attributed to their high strength and durability as compared to other types of materials used in manufacturing coronary Stent s. By application , hospitals account for the majority share in terms of revenue followed by cardiac centers and ambulatory surgical centers . Geographically , North America leads the global self- expanding coronary Stent Market followed by Europe .
Product Definition:
A self-expanding coronary stent is a wire mesh tube that is inserted into an artery to prop it open and improve blood flow. The stent is placed over a balloon, which is then inflated. This causes the stent to expand and press against the inside of the artery, holding it open.
Metallic Stents:
Metallic stents are used to prop open coronary arteries and allow the flow of blood through them. They are also known as self-expanding stents, which is a type of drug delivery device that is used to treat blocked or narrowing passageways in the body. Metallic stents can be easily inserted into narrow passageways such as those in the neck, arms, and legs owing to their shape and size.
Cobalt Chromium:
Cobalt chromium is a metal used in the production of self-expanding coronary stents. It is a key component of the alloy, which comprises nickel, chromium and iron. The metal has high corrosion resistance properties and can be easily obtained as an oxide form which can be utilized in manufacturing various products such as coatings, paints & dyes; rubber goods; chemicals; pharmaceuticals & agrochemicals among others.
Application Insights:
By application, the global self-expanding coronary stents market is segmented into hospitals, cardiac centers and ambulatory surgical centers. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a high prevalence of cardiovascular diseases and rising number of procedures involving the use of SES. Furthermore, increasing government funding for heart research coupled with growing investments by private players are expected to drive growth over the forecast period.
The cardiac center segment is anticipated to witness significant growth during the forecast period due to an increase in demand for advanced medical care facilities that offer better treatment options for patients suffering from CVDs such as heart attack or stroke. Moreover, an increase in R&D initiatives by various companies including Cordis Corporation; Medtronic Plc; and Boston Scientific Corporation will further boost product demand during this period. However, these facilities are relatively more expensive than conventional hospitals thus restraining its adoption rate among other applications globally.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of industry players and high adoption rate for CSEs. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, increasing prevalence of heart diseases, and rising awareness about CSEs. In addition, growing preference for minimally invasive surgeries is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to be one of fastest-growing regions during the same period owing with increasing geriatric population and cardiac disorders in this region which increases need for CSEs implantation procedure thus boosting demand from hospitals & ambulatory surgical centers (ASC). Moreover, government initiatives promoting quality healthcare are also driving growth in this region thereby boosting regional market share over next seven years. Growing medical tourism industry coupled with low cost treatment offered by countries such as India & China are further contributing towards increased demand from across Asia Pacific thus fueling regional market growth during estimated time frame.
Growth Factors:
- Technological advancements in the field of coronary stents
- Increasing incidence of coronary artery diseases (CAD)
- Rising awareness about self-expanding coronary stents among people
- Growing demand for minimally invasive procedures for treating CAD
- Availability of government funding and insurance coverage for self-expanding coronary stents
Scope Of The Report
Report Attributes
Report Details
Report Title
Self-expanding Coronary Stents Market Research Report
By Type
Metallic Stents, Cobalt Chromium, Platinum Chromium, Nickel Titanium, Stainless Steel, Others
By Application
Hospitals, Cardiac Centers, Ambulatory Surgical Centers
By Companies
Medtronic plc (Ireland), Abbott Laboratories (US), Boston Scientific Corporation (US), Biosensors International Group, Ltd. (Singapore), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), TERUMO CORPORATION (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), Translumina GmbH (Germany)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Self-expanding Coronary Stents Market Report Segments:
The global Self-expanding Coronary Stents market is segmented on the basis of:
Types
Metallic Stents, Cobalt Chromium, Platinum Chromium, Nickel Titanium, Stainless Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Cardiac Centers, Ambulatory Surgical Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic plc (Ireland)
- Abbott Laboratories (US)
- Boston Scientific Corporation (US)
- Biosensors International Group, Ltd. (Singapore)
- BIOTRONIK SE & Co. KG (Germany)
- B. Braun Melsungen AG (Germany)
- TERUMO CORPORATION (Japan)
- STENTYS SA (France)
- MicroPort Scientific Corporation (China)
- Meril Life Sciences Pvt. Ltd. (India)
- Vascular Concepts (India)
- Translumina GmbH (Germany)
Highlights of The Self-expanding Coronary Stents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metallic Stents
- Cobalt Chromium
- Platinum Chromium
- Nickel Titanium
- Stainless Steel
- Others
- By Application:
- Hospitals
- Cardiac Centers
- Ambulatory Surgical Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Self-expanding Coronary Stents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Self-expanding coronary stents are a type of medical device that expand when they are placed in the arteries of the heart. This helps to keep the artery open and prevent it from narrowing, which can lead to heart attack or stroke.
Some of the key players operating in the self-expanding coronary stents market are Medtronic plc (Ireland), Abbott Laboratories (US), Boston Scientific Corporation (US), Biosensors International Group, Ltd. (Singapore), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), TERUMO CORPORATION (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), Translumina GmbH (Germany).
The self-expanding coronary stents market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self-expanding Coronary Stents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Self-expanding Coronary Stents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Self-expanding Coronary Stents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Self-expanding Coronary Stents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Self-expanding Coronary Stents Market Size & Forecast, 2018-2028
4.5.1 Self-expanding Coronary Stents Market Size and Y-o-Y Growth
4.5.2 Self-expanding Coronary Stents Market Absolute $ Opportunity
Chapter 5 Global Self-expanding Coronary Stents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Self-expanding Coronary Stents Market Size Forecast by Type
5.2.1 Metallic Stents
5.2.2 Cobalt Chromium
5.2.3 Platinum Chromium
5.2.4 Nickel Titanium
5.2.5 Stainless Steel
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Self-expanding Coronary Stents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Self-expanding Coronary Stents Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Cardiac Centers
6.2.3 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self-expanding Coronary Stents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Self-expanding Coronary Stents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Self-expanding Coronary Stents Analysis and Forecast
9.1 Introduction
9.2 North America Self-expanding Coronary Stents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Self-expanding Coronary Stents Market Size Forecast by Type
9.6.1 Metallic Stents
9.6.2 Cobalt Chromium
9.6.3 Platinum Chromium
9.6.4 Nickel Titanium
9.6.5 Stainless Steel
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Self-expanding Coronary Stents Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Cardiac Centers
9.10.3 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Self-expanding Coronary Stents Analysis and Forecast
10.1 Introduction
10.2 Europe Self-expanding Coronary Stents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Self-expanding Coronary Stents Market Size Forecast by Type
10.6.1 Metallic Stents
10.6.2 Cobalt Chromium
10.6.3 Platinum Chromium
10.6.4 Nickel Titanium
10.6.5 Stainless Steel
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Self-expanding Coronary Stents Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Cardiac Centers
10.10.3 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Self-expanding Coronary Stents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Self-expanding Coronary Stents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Self-expanding Coronary Stents Market Size Forecast by Type
11.6.1 Metallic Stents
11.6.2 Cobalt Chromium
11.6.3 Platinum Chromium
11.6.4 Nickel Titanium
11.6.5 Stainless Steel
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Self-expanding Coronary Stents Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Cardiac Centers
11.10.3 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Self-expanding Coronary Stents Analysis and Forecast
12.1 Introduction
12.2 Latin America Self-expanding Coronary Stents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Self-expanding Coronary Stents Market Size Forecast by Type
12.6.1 Metallic Stents
12.6.2 Cobalt Chromium
12.6.3 Platinum Chromium
12.6.4 Nickel Titanium
12.6.5 Stainless Steel
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Self-expanding Coronary Stents Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Cardiac Centers
12.10.3 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Self-expanding Coronary Stents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Self-expanding Coronary Stents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Self-expanding Coronary Stents Market Size Forecast by Type
13.6.1 Metallic Stents
13.6.2 Cobalt Chromium
13.6.3 Platinum Chromium
13.6.4 Nickel Titanium
13.6.5 Stainless Steel
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Self-expanding Coronary Stents Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Cardiac Centers
13.10.3 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Self-expanding Coronary Stents Market: Competitive Dashboard
14.2 Global Self-expanding Coronary Stents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic plc (Ireland)
14.3.2 Abbott Laboratories (US)
14.3.3 Boston Scientific Corporation (US)
14.3.4 Biosensors International Group, Ltd. (Singapore)
14.3.5 BIOTRONIK SE & Co. KG (Germany)
14.3.6 B. Braun Melsungen AG (Germany)
14.3.7 TERUMO CORPORATION (Japan)
14.3.8 STENTYS SA (France)
14.3.9 MicroPort Scientific Corporation (China)
14.3.10 Meril Life Sciences Pvt. Ltd. (India)
14.3.11 Vascular Concepts (India)
14.3.12 Translumina GmbH (Germany)
