Growing Demand and Innovations: An Overview of the Indian Coronary Stent Market is estimated to cross US$ 4.45 Billion by 2032

By 2032, it is anticipated that the Indian Coronary Stent Market will surpass $4.45 billion USD. the Future Market Insights (FMI) company. The market is projected to grow in value at a CAGR of 14.0% over the course of the forecast period. The coronary stents market in India will be impacted by market dynamics and trends during the course of the forecast period, both in terms of the existing environment and the status quo.

Report Description:

The market for coronary stents in India is examined in this Future Market Insights study for the years 2016 to 2026. The report’s main goal is to provide information on several coronary stent market products, including drug-eluting stents (DES), bare metal stents (BMS), and bioresorbable vascular stents (BVS).

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The first section of this study defines the major coronary stent market product categories and leading brands. The overview of market dynamics for coronary stents in India is then given, together with FMI analysis of the major trends, factors influencing them, opportunities they present, and significant competitors. Additionally, it offers product analytics that highlight regional patterns and reimbursement scenarios. In order to provide readers with more insightful information on current market developments, impact evaluations of important growth drivers and restraints based on the weighted average model have also been included in the study.

The rapidly ageing population with coronary heart disease indication, strong healthcare consciousness, and modified coronary stents are the main drivers of the global market for coronary stents. The market for coronary stents is also being driven by easy access to reimbursement and an increase in PCI procedures.

Advanced technology-based coronary stent solutions aid in lowering restenosis following angioplasty. On the other hand, it is anticipated that in the near future, issues including the high cost of stents and regional rivalry among local companies in India may impede market expansion in the nation.

The market has been divided into three categories based on product type: drug eluting stents, bare metal stents, and bioresorbable vascular stents. Each segment’s market size, Y-o-Y growth rate, absolute $ potential, and BPS analysis have all been thoroughly examined.

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Based on raw material type, the market has been segmented into Cobalt Chromium, Stainless Steel, Platinum Chromium, Nickel Titanium and Polymer. A detailed analysis has been provided for every segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.

Furthermore, on the basis of end users, hospitals segment is expected to witness significant demand for coronary stents over the forecast period. This trend is expected to be particularly prominent in India, which are increasing access to healthcare services. However, Cardiac Catheterization Laboratories segment is expected to exhibit the highest growth over the forecast period.

The above sections—by product type, raw material and end users—evaluate the present scenario and growth prospects of the India coronary stents market for 2016–2026. We have considered 2015 as the base year and provided data for the forecast period.

In addition, it is imperative to note that in an ever-fluctuating developing economy, we not only conduct forecasts in terms of CAGR, but also provide analysis based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the market and to identify the right opportunities across the coronary stents market.

The Coronary Artery Stent Market in terms of product, raw material and end users are analyzed in terms of Basis Point Share (BPS) to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the coronary stents market.

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Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective of the coronary stents market.

In the final section of the report, competitive landscape of the coronary stents market is included to provide report audiences with a dashboard view, based on categories of providers in the value chain, their respective product portfolios and key differentiators. Key categories of providers covered in the report are coronary stents companies. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the coronary stents market value chain and potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and successes in the coronary stents market.

Key Players:

Some key players in the global infusion pumps market identified in this report are Abbott Laboratories, Medtronic, Inc., Biosensors Inc., and Boston Scientific Inc. The report also identifies company-specific strategies related to product development, market consolidation initiatives and analysis of their specific strengths, weaknesses, opportunities and threats.

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Key Segments

Product Type

  • Drug Eluting Stent
  • Bare Metal Stent
  • Bioresorbable Vascular Stent

Raw Material Type

  • Cobalt Chromium
  • Stainless Steel
  • Platinum Chromium
  • Polymer

End User

  •   Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterization Laboratories

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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