Coronary Stents Market 2019 Leading Company Analysis, Global Share, Growth, Size, Opportunities, Trends, Regional OverviewForecast To 2025
Coronary Stents Industry 2019 Fortune Business Insights provides key analysis on the market status of the Coronary Stents Market manufacturers with market size, growth, share, trends as well as industry cost structure.
Pune, India – June 21, 2019 /MarketersMedia/ —
The Global Coronary Stents Market is prognosticated to witness rapid growth in the coming years. In a report, titled, “Coronary Stents Market Size, Share and Global Trend By Deployment (Self and Balloon-expandable), Stent Type (Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others), End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Catheterization Labs) and Geography Forecast till 2025”, Fortune Business Insights identifies various factors enabling growth in the market. As per the report, the global coronary stents market is expected to reach a value of US$ 8,414.5 Mn by 2025, from US$ 5,244.9 Mn in 2017, with a promising CAGR of 6.1%.
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Some of the Main Key Players Covered in the Report:
• Biotronik SE & Co. KG
• Cardinal Health
• Cook
• C. R. Bard, Inc.
• MicroPort Scientific Corporation
• Terumo Corporation
• B. Braun Melsungen AG
• Abbott
• Boston Scientific Corporation
• Medtronic
Owing to the rise in the prevalence of coronary artery diseases (CAD), the Global Coronary Stents Market is witnessing remarkable growth. Significant players are focussing on expanding their geographical reach, for dominating the current market. In the year 2018, Abbott received the approval from the United States Food and Drug Administration (USFDA) for a new generation coronary stent system, named as XIENCE Sierra. FDA approvals to novel technologies will bode well for the global coronary stents market in the long run. Fortune Business Insights predicts such strategies to drive the market in their report.
Increasing Demand for Self-Expandable Stents to Augment Growth
Manufacturers have introduced next-generation drugs in the drug-eluting stents segment. The widespread distribution of drug-eluting systems around the world is likely to help this segment emerge dominant. In 2017, the drug-eluting stents systems segment accounted for 65.8% share in the market. This segment is also expected to continue dominating the market during the forecast period.
Technological advancements in the coronary stents market, such as error reduction, enhanced workflow, and additional capabilities along with improved accuracy, are helping the market to witness remarkable growth.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Prevalence of Coronary Artery Diseases (CAD)- Key Countries, 2017
4.2 Health Reimbursement Scenario- Key Countries
4.3 Regulatory Scenario- Key Countries
4.4 Pricing Analysis
4.5 Key Industry Developments – Partnerships, Mergers & Acquisitions
Unhealthy Lifestyle and Food Habits, Causing Cardiovascular Disorders, Augmenting Market Growth
Rising geriatric population and their vulnerability towards various diseases are creating the need for medical aids such as coronary stents. Rising prevalence of cardiovascular diseases will also augment the market during the forecast period.
According to the Centre for Disease Control and Prevention, about one-third of the population in the U.S. is obese. The change in lifestyle such as physical inactivity, smoking, drinking, and mistimed and unhealthy food habits are among the major reasons leading to health problems such as obesity, hypertension, arterial blockage, and others.
Similarly, the self-expandable stents segment will show faster growth among other segments based on deployment. This is owing to the expansion of the regional and local markets for coronary stent material across the globe. In addition to this, clinically proven efficiency of self-expandable stents as compared to its counterparts will boost the Coronary Stents Market.
Price Capping System in India, Propelling Asia Pacific to Emerge as Fastest Growing Market
The presence of a majority of manufacturers in Canada and the U.S. has enabled the North America coronary stent market to emerge dominate. Besides this, the increasing prevalence sedentary lifestyle among people in several developed countries is also fueling demand for coronary stents in the regional market, thus making North America the leading region in the global market. As per Fortune Business Insights, the North America market for coronary stents was valued at US$ 1,616.2 Mn in the year 2017.
It is expected to continue leading the market in the years. Additionally, Asia Pacific is anticipated to show rapid growth during the forecast period because of the improved supply chain of coronary stents across pharmacies across hospitals in the region, especially in developing regions of India and China.
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