Coronary Stents Market is Expected to Grow at a CAGR of 7.50% and is Anticipated to Reach USD 10.97 Billion by 2026, Estimates DelveInsight

LAS VEGAS, Nov. 23, 2021 /PRNewswire/ -- DelveInsight's Coronary Stents Market Insights and Forecast report provides the current and forecast Coronary Stents market, upcoming innovation in the devices, individual market shares, challenges, drivers and barriers, market trends, and key competitors in the Coronary Stents market. 

Some of the salient features from the Coronary Stents Market report: 

• As per an analysis by DelveInsight, North America is expected to dominate the overall Coronary Stents market during the forecast period.
• Major pharma players working proactively in the Coronary Stents market include Medtronic, Abbott, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun Melsungen AG, TERUMO CORPORATION, STENTYS SA, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., and others.
• DelveInsight estimates that global Coronary Stents market was valued at USD 8.65 billion in 2020, growing at a CAGR of 7.50% during the forecast period from 2021 to 2026, to reach USD 10.97 billion by 2026.
• In September 2021, BIOTRONIK received the US Food and Drug Administration (FDA) approval for its Orsiro® Mission bioabsorbable polymer drug-eluting stent system (BP-DES).
• In August 2020, Boston Scientific Corporation received FDA approval for its SYNERGY Everolimus-Eluting Platinum Chromium Coronary Stent System (Monorail and Over-The-Wire).

Interested in knowing how the Coronary Stents Market will be growing by 2026? Click to get a snapshot of Coronary Stents Market Analysis

Coronary Stents Overview 

Coronary Stents are expandable tubular metallic devices. These are introduced into the coronary arteries that show stenosis caused by an atherosclerosis disease. It is required during a procedure called percutaneous coronary intervention (PCI) or angioplasty. It is a tiny, expandable metal mesh coil, inserted into the newly opened area of the artery to support the artery from narrowing or closing again. The stent is covered by tissue within 3 to 12 months, depending on if the stent has a medicine coating or not. Stents can aid in the reduction of recurrent blockage or narrowing after an angioplasty procedure. Once the stent is implanted, it will remain in your artery permanently. Types of Coronary Stents includes: Bare metal stents (BMS), Drug-eluting stents (DES), Bioresorbable scaffold system (BRS), and Drug-eluting balloons (DEB). Technical improvements in stent placement and the development of drug-eluting stents (DES) led to greater use of PCI.

To pick on the latest highlights related to Coronary Stents, get the snapshot of the key highlights entailed in the Coronary Stents Market report.

Coronary Stents Market Insight 

Geographically, the global Coronary Stents market is studied for North America, Europe, Asia- Pacific, and Rest of the World. In terms of revenue share North America currently leads the global market and is expected that it will remain constant during the forecast period. This domination is observed majorly due to the growing cases of neurologic disorders, rising healthcare expenditure due to strong economy, and presence of well- established healthcare infrastructure.

According to DelveInsight estimates, the drug eluting stent is expected to hold the largest market share in 2020 which will remain constant during the forecast period. This is owing to the various advantages of drug eluting stents over bare metal stents and others. Drug eluting stents are more effective in the prevention of restenosis than the use of bare-metal stents, the use of newer-generation drug-eluting stents also reduce the rate of stent thrombosis and myocardial infarction. 

The launch of new innovative devices will also lead to an increase in the Coronary Stents market growth. For instance, in October 2021, CytoSorbents Corporation announced that the first patient has been enrolled in the Safe and Timely Antithrombotic Removal-Ticagrelor (STAR–T) double-blind, randomized, controlled clinical trial designed to support FDA marketing approval of the DrugSorb-ATR™ Antithrombotic Removal System for intraoperative removal of ticagrelor during cardiothoracic surgery. In October 2020, Biosensors received the CE Mark for BioFreedomUltra, new drug coated coronary stent system with thin strut (84µm) CoCr polymer and Biosensors' Biolimus A9 drug.

To know more why North America is leading the market growth in Coronary Stents market, get a snapshot of report Coronary Stents Market Assessment

Coronary Stents Market Drivers and Barriers

Owing to the rise in the number of cardiovascular disorder cases, growing burden of old age population susceptible to various cardiovascular disorders, shifting preferences towards minimally invasive surgeries, technological advancement in the product line, there will be a rapid growth observed in Coronary Stents market during the forecast period. In addition to that, presence of key manufacturers such as Medtronic, Boston Scientific Corporation, and recent product approvals is also likely to boost the Coronary Stents market. 

The demand for Coronary Stents is highly affected by the outbreak of the COVID-19 pandemic because of the delay in surgeries needed for the implantation of Coronary Stents. The excessive inflammatory response and hypercoagulable state associated with coronavirus disease (COVID-19) might trigger acute coronary events or stent thrombosis. However, cases of stent thrombosis directly associated with COVID-19 have not been reported.

To get a deeper understanding of the driving factors related to the Coronary Stents market, get a snapshot of the Coronary Stents Market Dynamics

Scope of the Coronary Stents Market Report

Study Period: 2018-2026

Key Companies: Medtronic, Abbott, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun Melsungen AG, TERUMO CORPORATION, STENTYS SA, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., and others.

Coronary Stents Market Segmentation

By Product Type

• Bare Metal Stents
• Drug Eluting Stents
• Bioresorbable Scaffolds

By Material

• Metal
• Stainless Steel
• Cobalt-Chromium
• Platinum-Chromium
• Nitinol
• Polymers

By End-User

• Hospitals
• Ambulatory Surgical Centres
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Rest of World

Delveinsight Analysis: The Coronary Stents market is expected to grow at a CAGR of 7.50% during the forecast period from 2021 to 2026, to reach USD 10.97 billion by 2026.

Table of Contents 

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SOURCE DelveInsight Business Research, LLP