Global Coronary Stent Grafts Market: Future Forecast Indicates Impressive Growth Rate Till 2028

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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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Stents are small expandable tubes used to treat narrowed or weakened arteries in the body. In patients with coronary artery disease (CAD), coronary stents are used to open narrowed arteries and also help in reducing symptoms, such as chest pain (angina), as well as in the treatment of heart attack. Coronary stent grafts are used for transluminal implantation in coronary arteries or aorto-coronary bypass grafts for the treatment of acute perforation or rupture of coronary arteries as well as aneurysm of coronary arteries or coronary bypass-vein graft. Coronary stents are implanted in narrowed coronary arteries during a procedure called the percutaneous coronary intervention (PCI) or angioplasty.

Coronary stent grafts are of various types, such as Bio-Vascular Scaffold (BVS), Bio-engineered Stent, Drug Eluting Stents (DES), Bare metal stents and Dual Therapy Stent (DTS). These different types of stents are used for various different purposes. The Bio-Vascular Scaffold (BVS) is a drug eluting stent on a dissolvable type of scaffold platform which can be absorbed by the body over time. A Bio-engineered Stent (antibody-coated stent), on the other hand, helps in speed up the cell lining of the artery (endothelialization), thereby promoting natural healing. The Drug Eluting Stents (DES) are coated with medication that is released (eluted) to help prevent the growth of scar tissue in the artery lining. This type of stent helps the artery to remain smooth and open, thereby ensuring good blood flow and reducing the chances of artery re-narrowing or restenosis. Bare metal stents are usually made from stainless steel and have no special coating.

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:

  • Metal
  • Plastic

Based on end users, the global coronary stent grafts market is segmented as:

  • Hospitals
  • Ambulatory Surgical Centers
  • Emergency Rooms
  • Others

Coronary Stent Grafts Market: Overview

The global market for coronary stent grafts 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.

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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 is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, Rest of MEA)

Report Highlights:

  • 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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