Increasing incidence of Cardiovascular Diseases worldwide is creating growth opportunities for the Global Cardiovascular Stents Market, predicts Fortune Business Insights in their new study. The study is titled “Cardiovascular Stents Market: Global Market Analysis, Insights and Forecasts, 2018 – 2025”. As per Fortune Business Insights, the market is prognosticated to exhibit 6.6% CAGR and reach a valuation of US$ 13,100.2 Mn by 2025 from US$ 7,838.9 Mn in 2017.
Some of the leading companies in the global Cardiovascular Stents Market are
- Biotronik SE & Co. KG
- Cardinal Health
- R. Bard, Inc.
- MicroPort Scientific Corporation
- Terumo Corporation
- Braun Melsungen AG
- Boston Scientific Corporation
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Alpine Stent to Open Growth Opportunities for Market in the Asia Pacific
The cardiovascular stents market in the Asia Pacific is likely to show growth at a higher rate on account of the improved distribution of cardiovascular stents in emerging economies such as China and India. In order to improve their accessibility, price capping of stents is introduced in these developing nations and this will help the market gain momentum. Thus, Asia Pacific is likely to register itself as the fastest growing region in the during the forecast tenure.
The cardiovascular stents market in North America was emerged dominant and was valued at US$ 2,344.9 Mn in 2017. This is mainly due to the presence of better medical facilities and skilled professionals in the developed nations of Canada and the U.S. North America is likely to remain dominant in the coming years as well on account of ongoing clinical trials on novel stents in the U.S. and various regulatory approvals on cardiovascular stents
Key Segments Analysis of Cardiovascular Stents Market:
By Product Type
- Coronary Stenting
- Peripheral Stenting
By Stent Type
- Drug Eluting Stents (DES)
- Bioresorbable Stents
- Bare Metal Stents
By Disease Indication
- Venous Disease
- Arterial Disease
By End User
- Ambulatory Surgery Centers
- Specialty Clinics
- Catheterization Labs
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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The Global Cardiovascular Stents Market derives growth from a number of factors such as increasing focus on research and development (R&D), increasing investment from leading companies towards R&D. Besides this, increasing regulatory approvals from organizations such as the Food and Drug Administration (FDA) have contributed significantly to the global Cardiovascular Stents Market
Furthermore, newer drug discoveries as a result of the emphasis on R&D have favored the growth of the global Cardiovascular Stents Market and are likely to boost the market in the coming years. Backed by contributions from the government as well as private organizations, the global Cardiovascular Stents Market is likely to gain traction in the coming years.
Various companies operating in the global cardiovascular stents market are B. Braun Melsungen AG, Cardinal Health, C. R. Bard, Inc., Terumo Corporation, MicroPort Scientific Corporation, Biotronik SE & Co. KG, and others. Major vendors are focusing on investing in clinical studies and research and development of better stents. At present, Boston Scientific Corporation, Abbott, and Medtronic are leading the market.
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