Global Coronary Stents Market Expected To Reach USD

Newark, NJ, November 17, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global coronary stent market is expected to increase from USD 8.29 billion in 2020 and reach USD 12.13 billion by 2028, with a CAGR of 4.87% during the forecast period 2021-2028.

Over the forecast period, the increasing incidence of cardiovascular disease (CVD) such as strokes and heart attacks, as well as an aging population at increased risk of major heart disease, are expected to drive demand for stent grafts. coronary artery. The need for an effective coronary stent for treatment is expected to increase due to an extraordinary increase in the number of people with coronary artery disease. Over the years forecast, this factor is likely to increase demand. Another factor projected to promote the use of coronary stents throughout the projected period is the increased desire for minimally invasive procedures (MIS). These treatments have the advantage of having tiny incision wounds, which leads to increased patient satisfaction. These treatments also result in shorter hospital stays and faster recovery times.

A coronary stent is a tube-shaped device that is placed in the coronary arteries that supply blood to the heart to keep the arteries open in the treatment of coronary heart disease. It is used in the procedure known as percutaneous coronary intervention (PCI). Coronary stents are now used in over 90% of PCI operations. Stents have been shown to improve survival and reduce angina in people with acute myocardial infarction (chest discomfort). Coronary stents (CS) are expandable tubular metal implants that are placed in narrowed coronary arteries caused by atherosclerosis. This revascularization procedure is known as percutaneous coronary intervention (PCI) or coronary angioplasty with stent placement. Due to the expandable metal mesh of coronary stents, which prevents negative remodeling, coronary dissection and vascular recoil were eliminated with the introduction of coronary stents.

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In addition, the development of the market has been favored by an increase in the number of percutaneous coronary interventions (PCI) performed in recent years. Due to the development of sophisticated DES and emerging bioabsorbable scaffolds, stenting is becoming more popular than traditional balloon angioplasty. Technological advances in coronary stents, such as the invention of bifurcation stents and the use of biodegradable materials, have resulted in more effective and better CVD treatment results. Product creation, partnerships and strategic collaborations are all things that companies are actively interested in.

The major players operating in the global coronary stents market are Terumo Corporation, Cook Medical, MicroPort Scientific Corporation, Abbott, Boston Scientific and CR Bard, Inc. To gain significant market share in the global coronary stents market, the major players now focus on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.

Bare Metal Stents (BMS) Expected to Significantly $ 4.32 Billion by 2028

The product segment includes drug eluting stents, bare metal stents and bioabsorbable vascular scaffolds (BVS). Bare Metal Stents (BMS) are expected to represent a significant value of $ 4.32 billion in 2028. Although DES is gradually replacing BMS, it is still used in many PCI procedures due to its low cost and convenience. low rate of hospitalization. After DES, bioabsorbable scaffolds (BRS) are the most recent technology on the market. For example, in 2016, Abbott launched Absorb, the first bioabsorbable vascular scaffolding technology. However, in 2017, the company issued a global recall of the drug due to certain negative side effects. Companies are investing in the development of next-generation BRS that are more patient-friendly.

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Regional Segment Analysis of Coronary Stents Market

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
  • Asia-Pacific (China, Japan India, rest of APAC)
  • South America (Brazil and rest of South America)
  • Middle East and Africa (UAE, South Africa, rest of MEA)

On the basis of geography, the global coronary stents market is categorized into North America, Europe, South America, Asia-Pacific, Middle East, and Africa. In 2028, Asia-Pacific is expected to have the highest value of $ 3.02 billion. A large aging population suffering from cardiovascular disease, increased PCI operations, expansion of healthcare infrastructure in emerging countries, increased healthcare awareness, improved reimbursement scenarios and production costs Inexpensive coronary stent grafts in this area are all driving the market.

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About the report:

Global Coronary Stents Market is analyzed on the basis of its value (USD Billion). All segments were analyzed on a global, regional and national basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges to gain key insights into the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.

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Fior Markets is a futuristic market intelligence company, helping clients develop their business strategies and make better decisions using actionable intelligence. With a transparent information pool, we achieve client goals, high level engagements and targeting possible perspectives for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market research reports, especially in industries such as technology, pharmaceuticals, consumer goods, food & beverage, chemicals, media, materials and many more. Our strategic intelligence capabilities are purposefully planned to drive the expansion of your business and elucidate the strength of a diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective fields. The global market research reports we provide involve qualitative and quantitative analysis of the current market scenario according to the separate geographic regions and complete performance in different regions with a holistic approach. Plus, our syndicated research reports offer a comprehensive guide to keeping businesses up to date with the major overhaul coming in their fields. Fior Markets facilitates clients with personalized research analyzes based on their exact requirements, specifications and challenges, whether it is full desk research, investigative work, composition of multiple methods, detailed interviews or competitive intelligence. Our research experts are experienced in matching staff and methodology exactly to your business needs.

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