This report presents a strategic analysis of the UK Coronary Stents Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the UK Coronary Stents Market, offering unmatched value, accuracy and expert insights.
In 2020, total healthcare spending in the United Kingdom was £257.6 billion, or £3,840 per person. In nominal terms, healthcare spending increased by 15.7 percent in 2020, or 10.0 percent in real terms after inflation; this was the greatest growth rate since the series began in 1997.
In 2020, The total current healthcare expenditure in the United Kingdom was 12.0% of the GDP, up from 9.9% in 2019. Preventive care spending reached £15.7 billion in 2020, up 40.8 percent in real terms, owing partly to increased government spending during the coronavirus (COVID-19) pandemic. The market size, measured by revenue, of the Pharmaceutical Wholesaling industry, is £64.9bn in 2022.
To develop universal health care, deal with medical emergencies, and encourage healthier populations, access to high-quality, reasonably priced, and suitable health products is essential.
Without medical devices, it would be impossible to do regular medical procedures like bandaging a damaged ankle, diagnosing HIV/AIDS, implanting an artificial hip, or performing any type of surgery. Medical gadgets are utilized by laypeople at home, paramedical workers and clinicians at outlying clinics, optometrists, dentists, and healthcare professionals in cutting-edge medical facilities, for screening and prevention, as well as in palliative care. These medical technologies are employed in the diagnosis and treatment of acute and chronic illnesses, as well as in the support of persons with disabilities.
In order to treat coronary heart disease, a coronary stent is a tube-shaped medical device inserted into the arteries supplying the heart. It keeps the arteries open. It is applied during a process known as percutaneous coronary intervention (PCI). More than 90% of PCI procedures also employ coronary stents. Stents have been proven to increase survival by lowering adverse events in acute myocardial infarction. They lessen angina, or chest discomfort, which is a common side effect.
The Europe Coronary Stents Market size is at around US $ 2.57 Bn in 2021 and is projected to reach US $ 3.64 Bn in 2030, exhibiting a CAGR of 7.28% during the forecast period.
Market Growth Drivers Analysis
Over the projection period, demand for coronary stents is anticipated to be driven by an ageing population and an increase in the prevalence of risk factors such as cardiovascular diseases (CVDs), complicated lesions, diabetes, obesity, and others.
Availability of alternative treatment methods for coronary artery disease, stringent regulations for product approval, product failure, and product recalls are the factors restraining the coronary stents market.
Major players in this market include Medtronic, plc (Ireland), Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG, B. Braun Melsungen AG, Terumo Corporation, STENTYS SA, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Vascular Concepts, and Translumina GmbH. Product approvals, launches, and enhancements were the key strategies adopted by players to grow and expand their presence in the coronary stents market.
1. Report Description of the UK Coronary Stents Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. UK Coronary Stents Market Executive Summary
2.1 UK Coronary Stents Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of UK Coronary Stents Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. UK Coronary Stents Market Segmentation
4.1 By Type
4.1.1 Bare-metal Stents
4.2.1 Drug-eluting Stents
4.3.2 Bioabsorbable Stents
4.2 By Mode of Delivery
4.2.1 Balloon-expandable Stents
4.2.2 Self-expanding Stents
4.3 By Materials
4.3.1 Metallic Stents
4.3.2 Cobalt Chromium
4.3.3 Platinum Chromium
4.3.4 Nickel Titanium
4.3.5 Stainless Steel
4.3.6 Other Stents
4.4 By End User
4.4.2 Cardiac Centers
?4.4.3 Ambulatory Surgical Centers
5. UK Coronary Stents Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in UK
8.2 Regulatory Framework in UK
8.3 Pricing & Reimbursement Scenario in UK Coronary Stents Market
9. Factors Driving Future Growth
9.1 New Trends and Development UK Coronary Stents Market
9.2 Future Opportunities
10. Strategic Recommendations
By Type (Revenue, USD Billion):
The three main categories of coronary stents are bare-metal, drug-eluting, and bioabsorbable, depending on their nature. The segment for bioabsorbable stents is anticipated to increase at the fastest rate over the forecast period. The benefits that are encouraging the use of bioabsorbable stents include a decrease in problems including thrombosis and inflammation, the cUKity to restore normal vasomotion, and an improvement in aberrant endothelial function. However, in the upcoming years, the expansion of this market segment is anticipated to be constrained by the high cost of bioabsorbable stents.
By Mode of Delivery (Revenue, USD Billion):
The market is divided into self-expanding and balloon-expandable stents according to delivery method. Because of the high use of these stents, rising research initiatives to advance the technology, and rising regulatory approvals for balloon-expandable stents, the balloon expandable stents segment is anticipated to increase at the greatest CAGR over the projection period.
By Materials (Revenue, USD Billion):
The coronary stent market is divided into metallic (cobalt chromium, platinum chromium, nickel-titanium, and stainless steel) and other stents according to the material. The market for other stents is anticipated to experience the largest CAGR growth during the projection period. The rapid expansion of this market can be ascribed to the increased use of polymers and copolymers in the production of bioabsorbable stents.
By End User (Revenue, USD Billion):
The coronary stent market is divided into hospitals, cardiac centres, and ambulatory surgical centres based on the end user. According to predictions, the hospital sector will control the market in 2016. This is primarily caused by hospitals using a lot of coronary stents.
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