The Global Coronary Stents Market is prognosticated to witness rapid growth in the coming years. In a report, titled, “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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Fortune Business Insights identifies various factors enabling growth in the market. As per the report, the global coronary stents market is expected to reach a value of US$ 8,414.5 Mn by 2025, from US$ 5,244.9 Mn in 2017, with a promising CAGR of 6.1%.
Increasing Demand for Self-Expandable Stents to Augment Growth
Manufacturers have introduced next-generation drugs in the drug-eluting stents segment. The widespread distribution of drug-eluting systems around the world is likely to help this segment emerge dominant. In 2017, the drug-eluting stents systems segment accounted for 65.8% share in the market. This segment is also expected to continue dominating the market during the forecast period.
Unhealthy Lifestyle and Food Habits, Causing Cardiovascular Disorders, Augmenting Market Growth
Rising geriatric population and their vulnerability towards various diseases are creating the need for medical aids such as coronary stents. Rising prevalence of cardiovascular diseases will also augment the market during the forecast period.
According to the Centre for Disease Control and Prevention, about one-third of the population in the U.S. is obese. The change in lifestyle such as physical inactivity, smoking, drinking, and mistimed and unhealthy food habits are among the major reasons leading to health problems such as obesity, hypertension, arterial blockage, and others.
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