Report cover image

India Stent Market - By Product (Coronary Stents, Peripheral Stents, Stent-related Implant); By Material (Metallic Biomaterial, Polymer Biomaterial, Natural Biomaterial); By End User (Hospital, Ambulatory Surgical Centers); By Region (North India, South I

Publisher BlueWeave Consulting
Published Apr 18, 2023
Length 260 Pages
SKU # BLWC17899919

Description

India Stent Market - By Product (Coronary Stents, Peripheral Stents, Stent-related Implant); By Material (Metallic Biomaterial, Polymer Biomaterial, Natural Biomaterial); By End User (Hospital, Ambulatory Surgical Centers); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


India Stent Market Size Growing at Steady CAGR of 4.8% to Reach USD 426.5 Million by 2029


India stent market is flourishing because of a spurring demand for minimally invasive procedures to treat increasing prevalence of cardiovascular diseases due to unhealthy and hectic lifestyle.



BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India stent market size at USD 309.6 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India stent market size to grow at a significant CAGR of 4.76% reaching a value of USD 426.49 million by 2029. Major growth factors of India stent market include increasing incidence of cardiovascular diseases and surging demand for minimally invasive surgeries to treat them. It has resulted in a significant increase in the number of coronary angioplasties, with contributing factors, such as an increase in healthcare spending, the presence of more interventional cardiologists, and a rise in the number of cardiac catheterization laboratories (cath labs) in both public and private hospitals. In addition, the emergence of individual cath lab centers run by interventional cardiologists and new corporate hospitals has also driven the rise in demand. The affordability of the procedure has been improved through the central and state governments' decision to cap reimbursement rates, resulting in increased volume. Mid-sized multinational companies based in India, Asia, and certain parts of Europe have benefited from this reimbursement rate decrease, as they offer stents at nearly half the price of those sold by US companies. Consequently, these factors are expected to propel the growth of the India stent market during the period in analysis. However, stent failure and recall are anticipated to restrain the overall market growth.

India Stent Market – Overview


India stent market refers to the market for medical devices known as stents, which are used to treat narrow or blocked arteries caused by cardiovascular diseases. Stents are small, expandable mesh tubes that are inserted into arteries during a minimally invasive procedure called angioplasty to keep the artery open and improve blood flow. The stent market in India includes the sale of diverse types of stents, such as bare-metal stents, drug-eluting stents, and bioresorbable stents, among others. The market comprises both domestic and multinational companies that manufacture and distribute stents to hospitals, clinics, and other healthcare facilities across India.



Impact of COVID-19 on India Stent Market

COVID-19 pandemic had a detrimental impact on the stent market in India. During the pandemic, the Indian healthcare system was under tremendous pressure, and the focus was on treating COVID-19 patients, resulting in a decrease in elective procedures such as angioplasty. The temporary closure of hospitals and clinics during the lockdown period also led to a decrease in stent procedures. Additionally, supply chain disruptions and the restriction on the movement of goods also affected the availability of stents in the market. However, the Indian government took steps to address the impact of the pandemic on the healthcare system, including the expansion of healthcare infrastructure, increased spending on healthcare, and the relaxation of regulations on telemedicine. Moreover, as the country emerges from the pandemic, there could be a surge in demand for stent procedures that were delayed or postponed during the pandemic, which could drive the growth of the stent market in the coming years.

India Stent Market – By Product



By product, India stent market is divided into Coronary Stents, Peripheral Stents, and Stent Related Implant segments. The coronary stents segment held the highest share in the India stent market. Coronary stents are the most commonly used type of stents in India, as they are used to treat narrow or blocked coronary arteries caused by cardiovascular diseases. The coronary stents segment includes distinct types of stents, such as bare-metal coronary stents, drug-eluting stents, and bioasorbable stents. The peripheral stents segment, which includes stents used to treat peripheral arterial diseases in the legs, arms, and other parts of the body, is also growing and expected to gain a significant market share in the coming years. Also, the peripheral stents segment is sub-segmented into llilac Stents, Femoral-popliteal Stents, Renal & related Stents, and Carotid Stents. The stent-related implant segment, which includes stent grafts and other implantable devices used in combination with stents, holds a lower market share than the coronary stents and peripheral stents segments.

Competitive Landscape

Major players operating in India stent market include Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Group, Biotronik SE & Co. KG, Boston Scientific Corporation Elixir Medical Corporation, Medtronic Plc, Stryker, and MicroPort Scientific Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Stent Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Stent Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

260 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. India Stent Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Rising Demand for Minimally Invasive Procedures
3.2.1.2. Unhealthy and Hectic Lifestyle
3.2.2. Restraints
3.2.2.1. Stent Failure and Recall
3.2.3. Opportunities
3.2.3.1. Advancements in Healthcare Technology
3.2.4. Challenges
3.2.4.1. Stringent Regulatory Approvals
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. India Stent Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Product
4.2.1.1. Coronary Stents
4.2.1.1.1. Drug-eluting Stents
4.2.1.1.2. Bare-metal Coronary Stents
4.2.1.1.3. Bioabsorbable Stents
4.2.1.2. Peripheral Stents
4.2.1.2.1. llilac Stents
4.2.1.2.2. Femoral-popliteal Stents
4.2.1.2.3. Renal & related Stents
4.2.1.2.4. Carotid Stents
4.2.1.3. Stent Related Implant
4.2.1.3.1. Synthetic Grafts
4.2.1.3.2. Vena Cava Filters
4.2.2. By Material
4.2.2.1. Metallic Biomaterial
4.2.2.2. Polymer Biomaterial
4.2.2.3. Natural Biomaterial
4.2.3. By End User
4.2.3.1. Hospital
4.2.3.2. Ambulatory Surgical Centers
4.2.3.3. Others
4.2.4. By Region
4.2.4.1. North India
4.2.4.2. South India
4.2.4.3. East India
4.2.4.4. West India
5. North India Stent Market
5.1. Market Size & Forecast, 2019–2029
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
5.2.1. By Product
5.2.2. By Material
5.2.3. By End User
6. South India Stent Market
6.1. Market Size & Forecast, 2019–2029
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Material
6.2.3. By End User
7. East India Stent Market
7.1. Market Size & Forecast, 2019–2029
7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Material
7.2.3. By End User
8. West India Stent Market
8.1. Market Size & Forecast, 2019–2029
8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Material
8.2.3. By End User
9. Competitive Landscape
9.1.
List of Key Players and Their Offerings
9.2. India Stent Company Market Share Analysis, 2022
9.3. Competitive Benchmarking, By Operating Parameters
9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Stent Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
11.1. Abbott Laboratories
11.2. B. Braun Melsungen AG
11.3. Biosensors International Group
11.4. Biotronik SE & Co. KG
11.5. Boston Scientific Corporation
11.6. Elixir Medical Corporation
11.7. Medtronic Plc
11.8. Stryker
11.9. MicroPort Scientific Corporation
11.10. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
13.1. Qualitative Research
13.1.1. Primary & Secondary Research
13.2. Quantitative Research
13.3. Market Breakdown & Data Triangulation
13.3.1. Secondary Research
13.3.2. Primary Research
13.4. Breakdown of Primary Research Respondents, By Region
13.5. Assumptions & Limitations
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 India Stent Segmentation
Figure 2 India Stent Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India Stent Market Size, By Value (USD Million), 2019–2029
Figure 5 India Stent Market Share, By Product, By Value, 2019–2029
Figure 6 India Stent Market Share, By Material, By Value, 2019–2029
Figure 7 India Stent Market Share, By End User, By Value, 2019–2029
Figure 8 North India Stent Market Size, By Value (USD Million), 2019–2029
Figure 9 North India Stent Market Share, By Product, By Value, 2019–2029
Figure 10 North India Stent Market Share, By Material, By Value, 2019–2029
Figure 11 North India Stent Market Share, By End User, By Value, 2019–2029
Figure 12 South India Stent Market Size, By Value (USD Million), 2019–2029
Figure 13 South India Stent Market Share, By Product, By Value, 2019–2029
Figure 14 South India Stent Market Share, By Material, By Value, 2019–2029
Figure 15 South India Stent Market Share, By End User, By Value, 2019–2029
Figure 16 East India Stent Market Size, By Value (USD Million), 2019–2029
Figure 17 East India Stent Market Share, By Product, By Value, 2019–2029
Figure 18 East India Stent Market Share, By Material, By Value, 2019–2029
Figure 19 East India Stent Market Share, By End User, By Value, 2019–2029
Figure 20 West India Stent Market Size, By Value (USD Million), 2019–2029
Figure 21 West India Stent Market Share, By Product, By Value, 2019–2029
Figure 22 West India Stent Market Share, By Material, By Value, 2019–2029
Figure 23 West India Stent Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 India Stent Market Size, By Value (USD Million), 2019–2029
Table 2 India Stent Market Size, By Product, By Value, 2019–2029
Table 3 India Stent Market Size, By Material, By Value, 2019–2029
Table 4 India Stent Market Size, By End User, By Value, 2019–2029
Table 5 North India Stent Market Size, By Value (USD Million), 2019–2029
Table 6 North India Stent Market Size, By Product, By Value, 2019–2029
Table 7 North India Stent Market Size, By Material, By Value, 2019–2029
Table 8 North India Stent Market Size, By End User, By Value, 2019–2029
Table 9 South India Stent Market Size, By Value (USD Million), 2019–2029
Table 10 South India Stent Market Size, By Product, By Value, 2019–2029
Table 11 South India Stent Market Size, By Material, By Value, 2019–2029
Table 12 South India Stent Market Size, By End User, By Value, 2019–2029
Table 13 East India Stent Market Size, By Value (USD Million), 2019–2029
Table 14 East India Stent Market Size, By Product, By Value, 2019–2029
Table 15 East India Stent Market Size, By Material, By Value, 2019–2029
Table 16 East India Stent Market Size, By End User, By Value, 2019–2029
Table 17 West India Stent Market Size, By Value (USD Million), 2019–2029
Table 18 West India Stent Market Size, By Product, By Value, 2019–2029
Table 19 West India Stent Market Size, By Material, By Value, 2019–2029
Table 20 West India Stent Market Size, By End User, By Value, 2019–2029
Table 21 Abbott Laboratories Company Overview
Table 22 Abbott Laboratories Financial Overview
Table 23 B. Braun Melsungen AG Company Overview
Table 24 B. Braun Melsungen AG Financial Overview
Table 25 Biosensors International Group Company Overview
Table 26 Biosensors International Group Financial Overview
Table 27 Biotronik SE & Co. KG Company Overview
Table 28 Biotronik SE & Co. KG Financial Overview
Table 29 Boston Scientific Corporation Company Overview
Table 30 Boston Scientific Corporation Financial Overview
Table 31 Elixir Medical Corporation Company Overview
Table 32 Elixir Medical Corporation Financial Overview
Table 33 Medtronic Plc Company Overview
Table 34 Medtronic Plc Financial Overview
Table 35 Stryker Company Overview
Table 36 Stryker Financial Overview
Table 37 MicroPort Scientific Corporation Company Overview
Table 38 MicroPort Scientific Corporation Financial Overview

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us