According to a new market research study titled Coronary Stents Market to 2025 – Global Analysis and Forecasts by Type, by Absorption Rate, by Material, and End-Users, the global coronary stents market was valued at US$ 7,619.4 Mn in 2017 and is estimated to reach US$ 13,879.0 Mn by 2025. The report highlights the trends prevalent in the coronary stents market and the factors driving the market along with those that act as deterrents to its growth.
The Prominent Players in Coronary Stents Market includes:
1. Microport Scientific Corporation
2. Translumina GmbH
3. Abbott Laboratories
4. Terumo Corporation
6. Biosensors International Groups, LTD
7. Stentys SA
8. Vascular Concepts
9. B. Braun Melsungen AG
10. Biotronik SE & CO. KG
Order a copy of “Coronary Stents Market to 2025 – Global Analysis and Forecasts by Type (Biodegradable Stents, Bare Metal Stents & Drug Eluting Stents); Absorption Rate (Slow Absorption Rate & Fast Absorption Rate); by Material (Nitinol, Polymer, Nickel, Gold, Tantalum, Stainless Steel); & End User (Ambulatory Surgical Centers, Hospitals and Cardiac Centers)” research study at https://bit.ly/2IHcRp9
The market for coronary stents has been witnessing a healthy growth rate during the previous years and is expected to witness similar trend in the coming years. The coronary stents market is subject to strict and mandated regulatory policies. The companies operating in the market follow stringent regulations of the manufacturing guidelines. In addition, these manufacturing companies are focusing to invest in R&D to develop advanced products for end users such as, hospitals, ambulatory surgical centers, and the cardiac centers, among others.
The market for coronary stents is well established in North America region, especially in the U.S and Canada. Rising prevalence of various types of cardiac diseases and subsequent usage of coronary stents to treat these diseases is one of the major factors for the growth of coronary stents market in the country. According to the American Heart Association (AHA), in 2016, nearly 15.5 million persons aged above 20 years in the US have coronary heart diseases (CHD). The rising number of the coronary heart diseases need more number of coronary stents, hence, the coronary stents market is likely to grow during the forecast period.
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The global coronary stents market is a matured market in the developing countries as well as developing economies worldwide. Rising prevalence of cardiovascular diseases and increasing number of surgical procedures. In the coming years, hospitals followed by cardiac centers & ambulatory surgical centers are likely to experience high demand for coronary stents. Among the coronary stents, the stents made up of cobalt, are in high demand by the doctors, followed by platinum. Furthermore, advancement in the field of molecular biology has equally enhanced the coronary stents in terms of the safe products. And the technologically advanced and cost efficient stents are expected to be the driving factors for the coronary stents market.
The growing geriatric population and increasing number of diabetic patients are key factors for rise in the number of the heart disease cases. For instance, as per the the American Heart Association (AHA), the number of Americans above the age of 65 and older is anticipated to grow more than double from 46 million in 2016 to nearly 98 million by 2060.The cause of the increasing number heart patients is the obesity the obese people also unknowingly invite the heart diseases and the Americans seems to be the obese due to their heavy diet. The growth of the geriatric population and the other habits factors are likely to grow the need of the coronary stent market in coming future.
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The market for the coronary market is likely to grow more in the Asia Pacific region owing to developments in the region and rising awareness on better healthcare. In addition, the countries like Japan, China, and India are investing in improving healthcare infrastructure. Furthermore these countries have presence of large pool of population with heart diseases.
The market for coronary stents is well established in the region of North America, owing to the awareness regarding medical practices and technological developments in the treatment of cardiovascular diseases. Coronary stents is mature market in some of the region such as Japan, whereas, with some recent development in countries such as India, China, Indonesia and Taiwan, the demand for these devices is expected to upsurge in the coming years. Additionally, factors such as increasing focus of industry players in India and Japan, funds and grants in China are likely to propel growth of the market.
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The report segments the global coronary stents market as follows:
Global Coronary Stents Market – By Type
– Biodegradable Stents
– Bare Metal Stents
– Drug Eluting Stents
Global Coronary Stents Market – By Absorption Rate
– Slow Absorption Rate
– Fast Absorption Rate
LIST OF TABLES:
TABLE 1. North America Coronary Stents Market Revenue And Forecasts to 2025,
By Product (US$ Mn) 78
TABLE 2. North America Coronary Stents Market Volume And Forecasts to 2025,
By Product (‘000 Units) 78
TABLE 3. North America Coronary Stents Market Revenue And Forecasts to 2025,
By Absorption Rate (US$ Mn) 79
TABLE 4. North America Coronary Stents Market Revenue And Forecasts to 2025,
By Material (US$ Mn) 79
TABLE 5. North America Coronary Stents Market Revenue And Forecasts to 2025,
By End User (US$ Mn) 79
TABLE 6. US Coronary Stents Market Revenue And Forecasts to 2025, By Product
(US$ Mn) 81
TABLE 7. US Coronary Stents Market Volume And Forecasts to 2025, By Product
(‘000 Units) 81
TABLE 8. US Coronary Stents Market Revenue And Forecasts to 2025, By Absorption
Rate (US$ Mn) 82
TABLE 9. US Coronary Stents Market Revenue And Forecasts to 2025, By Material
(US$ Mn) 82
TABLE 10. US Coronary Stents Market Revenue And Forecasts to 2025, By End User
(US$ Mn) 82
LIST OF FIGURES:
FIGURE 1. Asia Pacific coronary stents market, Revenue (US$ Mn), By Geography
2018 & 2025 22
FIGURE 2. Global coronary stents Market By type, Market Share (%), 2017
FIGURE 3. Global coronary stents Market By material, Market Share (%), 2017
FIGURE 4. Global coronary stents Market By absorption rate, Market Share (%), 2017
FIGURE 5. Global coronary stents Market By end user, Market Share (%), 2017
FIGURE 6. coronary stents Market Segmentation
FIGURE 7. coronary stents Market Segmentation, by region
FIGURE 8. North America PEST Analysis
FIGURE 9. Europe PEST Analysis
FIGURE 10. Asia Pacific PEST Analysis
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