Coronary Stents Market (Bare Metal Stents, Drug Eluting Stents and Bio-absorbable Stents) - Global Industry Analysis, Size, Share, Pipeline Overview, Growth, Trends and Forecast, 2013 - 2019

Albany, NY -- (SBWire) -- 11/10/2014 --The World Health Organization (WHO) reported that 17.3 million people died from cardiovascular diseases in 2008. They also predicted that more than 23.3 million people will die of the same reason each year up till 2030. Coronary artery diseases form the basis of the largest amount of cardiovascular disease-induced deaths. Two of the strongest agents being used to combat this issue are PCIs and a range of coronary stents.

Coronary Stents Overview:

A coronary stent is a miniscule expandable tube that is used to expand a narrowed or weakened coronary artery. The patients that suffer from coronary heart disease, which is a result of plaque buildup, are advised to use stents to open up the clogged arteries and reduce discomfort such as chest pain and prevent the occurrence of heart attacks.

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Also known as heart stents or cardiac stents, coronary stents are made of metal mesh and are delivered into the coronary artery using a catheter. Each type of stent comes with its own set of advantages and controversies. They are used in cases where the patient suffers from coronary artery diseases including angina pectoris and myocardial infarction, among others. There are currently multiple organizations that are performing research on the efficiency and development of stents. Most of these research projects focus on eliminating the negative impact of stents such as thrombosis and restenosis.

The use of stents is always preceded by the fulfillment of appropriate tests such as an angiography and a stress test. The tests help the doctor decide if stents are absolutely necessary and if so, of what kind and size. Most of the stents in the U.S. coronary stents market are of the drug-coated type. Outside of the U.S., doctors might use a procedure known as direct stenting, where the stent is first threaded through the coronary lesion before expanding.

Coronary Stents Market Segmentation, Drivers and Restraints :

The coronary stents market is usually divided according to the product type and geography. By type, the market is segmented into bio-absorbable, drug eluting stents, and bare metal stents.

Bio-absorbable stents are a relatively new technology and have only recently been commercialized in the global market. They display the least number of complications and side effects of all the types of stents. Extensive research and current level of feasibility speak in favor of the growth rate of the bio-absorbable stents segment. Drug eluting stents currently hold the majority of the market share, followed by bare metal stents. The market share for bare metal stents is expected to decline as that of bio-absorbable stents grows.

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The greatest driving factor for the growth of the global coronary stents market is the increasing prevalence of multiple coronary artery diseases. An increasing demand for advanced coronary stents, an aging global population, along with a growing obesity rate in developed countries complete the list of market drivers.

Key Players in the Global Coronary Stents Market
Some of the top companies in the coronary stents market hold a dominant steak, while the lesser known firms are facing seemingly insurmountable challenges. Terumo Corporation, MicroPort Scientific Corporation, B. Braun Melsungen AG, and C. R. Bard, Inc., Cook Medical, Inc., Abbott Laboratories, Inc., Stentys SA, Medtronic, Inc., Boston Scientific Corporation, Biotronik SE & Co. KG, AMG International GmbH, and Johnson & Johnson. A majority of the top companies are based in developed countries, especially the U.S., and lead the research wings to create innovative stents and delivery methods.

By region, North America dominates the market share of coronary stents, followed by Europe. The growing obesity rates are putting pressure on the healthcare industry to come up with better quality stents that have little to no side effects.

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