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The global Coronary Stent Grafts Market is expected to witness moderate growth over the forecast period. Metal coronary stent grafts are expected to be a dominant segment in the global coronary stent grafts market over the forecast period. Among all different types of coronary stent grafts, bioresorbable vascular scaffold type to hold significant share in the global coronary stent grafts market. The hospitals end-use segment is expected to contribute high share owing to increasing cases of patients suffering from angina.
Dual Therapy Stent (DTS) is the latest type of coronary stent. It is a first-of-its-kind stent therapy that reduces any likelihood of the re-narrowing of the artery as well as helps in the healing of the artery. It combines the benefit of DES with the benefits of bio-engineered stents and is the only stent to contain a drug with an active healing technology. These types of stents are usually made of metal mesh and are commonly called heart stents or cardiac or coronary stents.
Coronary Stent Grafts Market: Drivers and Restraints
Growing cases of coronary angioplasty (a treatment to widen narrowed sections of coronary arteries) is one of the key factors driving the demand for coronary stent grafts in hospitals, surgical centers and emergency rooms. The growth in the number of patients suffering from angina is leading to growth in demand for coronary angioplasty, which is driving the coronary stent graft market. Besides, due to less surgery time and low cost of surgery as compared to bypass surgery, coronary angioplasty is highly favored. The average cost of the Minimally Invasive Coronary Bypass Surgery in India is approximately $7000 whereas the cost of angioplasty in India for a single stent is around $ 2,745. However, the side effects associated with coronary angioplasty (PCI) might hamper its adoption rate. It has been observed that PCI itself tends to injure the artery walls and increases the risk of secondary obstruction. In fact, 21% of the PCI group required another stent within six months while 60% of the treated vessels required re-stenting. Thus, this factor is expected to restrict the growth of the coronary stent grafts market during the forecast period.
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Coronary Stent Grafts Market: Segmentation
The global coronary stent grafts market can be segmented on the basis of type, material and end users.
Based on type, the global coronary stent grafts market is segmented as:
- Dual Therapy Stent (DTS)
- Bioresorbable Vascular Scaffold (BVS)
- Bio-engineered Stent
- Drug Eluting Stent (DES)
- Bare Metal Stent (BMS)
Based on material, the global coronary stent grafts market is segmented as:
Based on end users, the global coronary stent grafts market is segmented as:
- Ambulatory Surgical Centers
- Emergency Rooms
Coronary Stent Grafts Market: Key Participants
The global market for coronary stent grafts is a highly consolidated market. This market is specifically dominated by key players, such as Bentley Innomed GmbH, Abbott, Vascular Concepts and InSitu Technologies® Inc.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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