Global Coronary Stent Device Market To Reach $10.6 Billion In 2016
February 17, 2012
Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR CORONARY STENT DEVICES (HLC111A) from BCC Research (www.bccresearch.com), the global market for coronary stent devices was valued at $7.1 billion in 2011 and is expected to increase to $10.6 billion in 2016, a five-year compound annual growth rate (CAGR) of 8.3%.
The global market for coronary stent devices can be separated into four regions: The Americas, Europe, Asia, and the rest of the world.
The Americas market accounted for more than $2.8 billion in 2011 and is expected to increase at a CAGR of 8.9% to reach $4.3 billion in 2016.
In 2011, the European market segment was $2.6 billion, and in 2016, that value should reach nearly $3.4 billion, a CAGR of 5.2%.
A smaller market, Asia was worth $923 million in 2011, and in 2016, that value should reach nearly $1.7 billion, a CAGR of 12.9%.
The rest of the world totaled $710 million in 2011. By 2016, that value should be nearly $1.2 billion, a CAGR of 10.4%.
Advances in stent technology have continued to improve clinical outcomes for patients with coronary artery disease. The need to improve stent performance to meet the challenges of more complicated lesions remains a key driver for stent design. Stent developers desire a material that can balance a thin-strut design for flexibility and deliverability with the demand for high radial strength and visibility. With continued growth of heart disease worldwide, it is anticipated that the stent market will continue to blossom.
Regions such as the U.S. and Europe are mature markets for coronary stent devices, but rapidly aging populations and rising incidence of cardiovascular diseases contribute to sustained growth.
China, India, Brazil and other markets are set to experience growth in coronary stent devices due to aging demographics, rising incomes, healthcare reform, westernization of diets, and an increase in the treatment of cardiovascular disease.
In addition to HLC111A, BCC also has published HLC115A, HLC116A, HLC117A, and HLC118A.These reports cover coronary stent device markets with focuses, respectively, on the Americas, Europe, Asia, and emerging markets, or the rest of the world.
TOTAL GLOBAL MARKET SIZE AND GROWTH FOR CORONARY STENT DEVICES BY REGION, 2010-2016
Source: BCC Research
Global Markets for Coronary Stent Devices( HLC111A )
Publish Date: February 2012
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