Pune, April 14, 2020 (GLOBE NEWSWIRE) -- The global Drug Eluting Stent Market size is forecast to reach USD 9.58 billion by 2026, attributable to the increasing prevalence of cardiovascular diseases worldwide. A drug eluting stent is a semi-rigid device in the form of a tube that is coated with a drug that helps to prevent restenosis of an arterial blockage when released. They help to reduce restenosis cases and also limits the risk of late or early thrombosis in patients. More information on the market is provided in a recently published report by Fortune Business Insights™ titled, “Drug Eluting Stent Market Size, Share & Industry Analysis, By Type (Coronary Stenting, and Peripheral Stenting), By Scaffold (Cobalt-Chromium, Platinum-Chromium, Nitinol and Others), By Drug (Sirolimus, Paclitaxel, Zotarolimus, Everolimus, and Others), By End User (Hospitals, and Specialty Clinics), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 5.71 billion in 2019 and will exhibit a CAGR of 6.6% between 2019 to 2026.
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What is the Scope of the Report?
The report offers a 360-degree overview of the market and its prime growth trajectories such as drivers, restraints, challenges, and upcoming opportunities. It also discusses the market segment based on factors such as type, scaffold, drug, end-user, and regions. It also provides market figures and CAGRs of the leading segments with its attributed reasons. Additionally, the report throws light on current drug eluting stent market trends, key industry developments, and other interesting insights. Competitive landscape, list of players operating in the market and the strategies adopted by them to earn the leading position in the market are also listed in the report. For more information on the report, log on to the company website.
Market Drivers
Improving Healthcare Infrastructure in Developing Nations will Propel Growth
The increasing cases of cardiovascular diseases worldwide is a significant factor in boosting the global market for drug eluting stents. Besides this, government-supported reimbursement policies and rise in expenditure on research and development of better stents are also aiding in the expansion of the market. This, coupled with the FDA approvals and CE marks received for many stents, is expected to promote the drug eluting stent market growth in the forecast period.
On the other side, the market may face challenges in terms of product recalls. Nevertheless, the introduction of technologically advanced and novel therapeutics is likely to create lucrative growth opportunities for the market in the coming years.
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Regional Segmentation:
Rising Prevalence of Cardiovascular Diseases Will Help Asia Pacific Witness Significant Growth
Currently, North America is holding the significant share drug eluting stent market share owing to the increasing prevalence of cardiovascular diseases and the supported reimbursement policies supported by governments in the region. In 2018, this region generated a revenue of USD 1.76 billion. Additionally, the increasing trend of biodegradable polymer-based drug eluting scaffolds may further help this region continue dominance in the forecast period as well. On the other side, the market in Europe will emerge as the fastest-growing region owing to the rise in the number of third-generation DES with the CE mark and the rising popularity of polymer technology for the production of stents. Furthermore, the increasing cases of cardiovascular diseases and the improving medical infrastructure and medical facilities will help Asia Pacific witness significant growth in the coming years.
Competitive Landscape:
Boston, Abbott, and Medtronic Collectively Holding a Dominant Share in the Consolidated Market
The global drug eluting stent market is consolidated in nature with the presence of both small, medium, and large players. Companies are aiming to develop a DES of various sizes to target multiple indications. Currently, players such as Boston Scientific Corporation, Medtronic, and Abbott are holding more than 50% of the DES market share. All players are focusing on getting FDA approvals and CE marks from authorities for gaining a competitive edge in the market and earn more drug eluting stents market revenue in the forthcoming years.
List of Significant Drug Eluting Stent Market Manufacturers are as follows:
- Boston Scientific Corporation
- Abbott
- Medtronic
- Biotronik
- Terumo Corporation
- MicroPort Scientific Corporation
- Sahajanand Medical Technologies
- Others
Major Industry Developments of the Drug Eluting Stents Market are the following:
February 2018 – The U.S. FDA approved the launch of the smallest DES into the market called Resolute Onyx 2.0 mm to help patients with coronary artery diseases (CAD).
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Cardiovascular Diseases, By Key Regions/ Key Countries, 2018
- New Product Launches, By Key Market Players
- Key Industry Developments, Such as Mergers & Acquisitions
- Pricing Analysis, By Key Brands, Key Players/ Key Regions
- Global Drug Eluting Stents (DES) Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Coronary Stenting
- Peripheral Stenting
- Market Analysis, Insights and Forecast – By Scaffold
- Cobalt-Chromium
- Platinum-Chromium
- Nitinol
- Others
- Market Analysis, Insights and Forecast – By Drug
- Sirolimus
- Paclitaxel
- Zotarolimus
- Everolimus
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Specialty Clinics
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Have a Look at Related Reports:
Cardiovascular Stents Market Size, Share and Global Trend By Product Type (Coronary Stenting, Peripheral Stenting), Stent Type (Drug Eluting Stents (DES), Bioresorbable Stents, Bare Metal Stents & Others), Disease Indication (Venous Disease, Arterial Disease), End User and Geography Forecast by 2025
Cardiovascular Drugs Market Size, Share & Industry Analysis, By Drug Type (Antihypertensive, Antihyperlipidemic, Anticoagulants, Antiplatelet Drugs, Others), By Disease Indication (Hypertension, Hyperlipidemia, Coronary Artery Disease, Arrhythmia, Others), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies, Others) and Regional Forecast, 2019 -2026
Cardiovascular Devices Market Size, Share and Industry Analysis, By Device Type (Diagnostic and Monitoring Devices, and Therapeutic and Surgical Devices), By Application (Coronary Artery Disease (CAD), Cardiac Arrhythmia, Heart Failure, and Others), By End User (Hospitals, Specialty Clinics, and Others), and Regional Forecast, 2019-2026
Coronary Stents Market Size, Share and Global Trend By Deployment (Self and Balloon-expandable), Stent Type (Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others), End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Catheterization Labs) and Geography Forecast till 2025
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