This report examines India coronary stents market for the period 2016–2026. The primary objective of the report is to offer insights on various coronary stents market products such as Drug eluting stent (DES), Bare Metal Stent (BMS) and Bioresorbable Vascular Stent (BVS).
This report begins by defining various coronary stents market product types and top brands in the market. It is followed by an overview of market dynamics of the India coronary stents market, which includes FMI analysis of key trends, drivers, restraints and opportunities and key players. It also includes insights into product highlighting regional trends and reimbursement scenario. Impact analyses of key growth drivers and restraints based on the weighted average model have also been included in the report to better equip readers with meaningful insights on ongoing developments in the market.
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Primary factors fuelling growth of the global coronary stents market include rapidly ageing population with coronary heart disease indication, strong healthcare consciousness and modified coronary stents. Other factors driving demand for coronary stents market are rising number of PCI procedures and easy access to reimbursement.
Coronary stents products based on advanced technology helps in reducing restenosis after angioplasty. On the contrary, factors such as high cost of stents and regional competition among local players in India are factors expected to hamper market growth in the country in the near future.
Based on product type, the market has been segmented into Drug Eluting Stent, Bare Metal Stent & Bioresorbable Vascular Stent. A detailed analysis has been provided for every segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.
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Based on raw material type, the market has been segmented into Cobalt Chromium, Stainless Steel, Platinum Chromium, Nickel Titanium and Polymer. A detailed analysis has been provided for every segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity and BPS analysis.
Furthermore, on the basis of end users, hospitals segment is expected to witness significant demand for coronary stents over the forecast period. This trend is expected to be particularly prominent in India, which are increasing access to healthcare services. However, Cardiac Catheterization Laboratories segment is expected to exhibit the highest growth over the forecast period.
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The above sections—by product type, raw material and end users—evaluate the present scenario and growth prospects of the India coronary stents market for 2016–2026. We have considered 2015 as the base year and provided data for the forecast period.
In addition, it is imperative to note that in an ever-fluctuating developing economy, we not only conduct forecasts in terms of CAGR, but also provide analysis based on key parameters such as year-on-year (Y-o-Y) growth rates to understand the predictability of the market and to identify the right opportunities across the coronary stents market.
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