Poland's Coronary Stents Market is expected to witness growth from $66 Mn in 2022 to $98 Mn in 2030 with a CAGR of 5.20% for the forecasted year 2022-30. The demand for minimally invasive procedures like stenting is increasing as individuals and healthcare professionals look for less invasive treatment choices more frequently. In Poland, the demand for coronary stents is being driven by this trend. The market is segmented by type, mode of delivery, materials, and end user. Some key players in this market include Balton, Metrum Cryoflex, Skamex, B. Braun, Abbott Laboratories, Biotronik, Medtronic, GE Healthcare, Boston Scientific, Transmedia Healthcare and Philips Healthcare.
Poland's Coronary Stents Market is expected to witness growth from $66 Mn in 2022 to $98 Mn in 2030 with a CAGR of 5.20% for the forecasted year 2022-30. Poland's 2020 health spending per person is $1347.23, or 6.3% of GDP, compared to the EU average of $3000, or 10.12% of GDP. Public funding only covers 72% of costs, which is less than the EU average of 79%. The somewhat high out-of-pocket expense (22%) raises accessibility problems. Despite a drop from 23% in 2014 to 19% in 2023, Poland still has a greater prevalence of daily smokers among adults than the majority of other European Union (EU) nations.
Around 2.5 million people in Poland have coronary artery disease. This is equivalent to about 6.5% of the Polish populace. The condition known as CAD, which happens when the coronary arteries constrict or block as a result of a build-up of plaque, is frequently treated with coronary stents. When drugs and lifestyle modifications fail to control CAD, stenting is frequently utilized as a treatment. Coronary stents assist in enhancing blood flow to the heart by maintaining the coronary arteries open, which can lower the risk of heart attack and other cardiovascular events. The condition known as restenosis is when the artery narrows once again subsequent stenting. Modern stents are made to lower the chance of restenosis, which might enhance patient outcomes and lessen the demand for additional surgeries.
Market Growth Drivers
The demand for minimally invasive procedures like stenting is increasing as individuals and healthcare professionals look for less invasive treatment choices more frequently. In Poland, the demand for coronary stents is being driven by this trend. The market for these devices in Poland is being driven by the creation of novel stent designs such as drug-eluting stents and bioresorbable stents. These stents are more effective than conventional stent designs and are growing in acceptance among patients and healthcare professionals. In Poland, coronary artery disease and other cardiovascular diseases are on the rise. The market for medical devices like coronary stents is being driven by the rising prevalence of these illnesses.
Market Restraints
In Poland, healthcare professionals and patients must both consider the cost of cardiac stents. Manufacturers may experience pricing challenges that restrict their profitability due to increased competition and pressure to lower healthcare costs. Although Poland generally has good access to healthcare, there might be barriers or disparities in access to specific procedures or technologies, which could have an impact on the market for coronary stents. Although coronary stents are a common treatment for coronary artery disease, they are up against alternatives like medication therapy and coronary artery bypass surgery.
Key Players
In Poland, the Office for Registration of Medicinal Products, Medical Devices, and Biocidal Products (URPL) is in charge of the regulatory environment for coronary stents. Manufacturers of coronary stents in Poland are required to obtain a CE mark, which certifies that the product complies with the MDD or MDR, respectively, of the European Union's directive on medical devices. The National Health Fund (NFZ) sets the policies for medical device reimbursement, including those for coronary stents. Manufacturers are responsible for making sure their products are listed on the NFZ's reimbursement list and that they satisfy the standards for reimbursement.
1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
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 cPolandity 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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