The global market for coronary stent devices reached $7.1 billion in 2011. By 2016, it is expected that total market value will reach $10.6 billion, a projected compound annual growth rate (CAGR) of 8.3% between 2011 and 2016.
The market for coronary stent devices in the emerging countries region reached $710 million in 2011. This is expected to grow to $1.2 billion in 2016, demonstrating a CAGR of 10.4% between 2011 and 2016.
In 2011, India was responsible for $312.4 million in revenues from coronary stent devices, and this revenue is expected to grow at a CAGR of 12.4%, reaching $559.7 million in 2016.