The global coronary stent market is expected to grow from USD 7,756 million in 2018 to USD 13,907 million in 2025, at a CAGR of 8.7% from 2019 to 2025. The growth in the market is attributed to the increasing prevalence of coronary artery diseases and heart valve disorders, and technological advancement in coronary stents. Moreover, growing demand for drug-eluting stents and biodegradable polymer-coated coronary stents, favorable reimbursement policies, and growing government support and new product launches are further propelling the industry growth.
Coronary stent is a small, metal mesh that expands inside a coronary artery. It has been used to treat coronary artery diseases for more than a decade. These stents hold a coronary artery open and maintain blood flow after an angioplasty. Currently, more than 2 million people get a coronary stent each year. The years used for the assessment are as follows:
Historical year: 2015, 2016, 2017
Base year: 2018
Forecast period: 2019 – 2025
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;