The global coronary stent market is anticipated to grow at a considerable CAGR during the forecast period (2021-2027). The key factor to drive the market growth is the increasing prevalence of coronary heart diseases among the population. For instance, according to Heart Foundation in 2019, around 2.4% of people live with coronary heart disease in Australia that accounts for 580,000 people in the country. Also, coronary heart disease is killing an average of one person every 29 minutes that is 50 person per day and further, almost 443 people are hospitalized due to coronary heart diseases every day.
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Moreover, the market player also contributing significantly to the growth of the market by introducing advanced technology-based coronary stents. For instance, in May 2018, Abbott announced that it received approval from the US FDA for its new generation of company’s XIENCE everolimus-eluting coronary system. The system is designed to treat the complex blockages that are currently 70% of cases.
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With this approval, the company will be able to provide ways to physicians to deliver stents in the most challenging cases and can unblock the difficult to treat lesions with flexibility. Further, in January 2020, Proximo medical became a partner with CeloNova Biosciences to supply COBRA PzF noncoated coronary stent in the US market. With this partnership, both the companies can leverage their experience, expertise to accelerate the market with the support of its breakthrough technologies such as COBRA PzF noncoated coronary stent. The following stent will also allow physicians to give treatment effectively who may benefit from short one-month dual antiplatelet therapy.
Global Coronary Stent Market Report Segment
By Mode of delivery
- Balloon-Expandable Stents
- Self-Expanding Stents
By Type
- Bare-Metal Stents
- Drug-Eluting Stents
- Bioabsorbable Stents
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
