The Global Coronary Stents Market potential has widened due to recent technological advancements. According to a report published by Fortune Business Insights, 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,” the market was valued at US$ 5,244.9 Mn in 2017.
According to Fortune Business Insights, the market will reach US$ 8,414.5 Mn by the end of 2025, exhibiting a CAGR of 6.1%
Some of the Main Key Players Covered in the Coronary Stents Market Report:
- Biotronik
- Cardinal Health
- Cook Medical
- C R Bard
- MicroPort Scientific Corp
- Terumo Corporation
- BKK B. Braun Melsungen AG
- Abbott
- Boston Scientific
- Medtronic
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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.
Technological Advancements in Products to Enable Coronary Stents Market Growth
Coronary stents allow minimally invasive surgical procedures, thereby leading to a huge uptake among end users, globally. Surgical procedures using coronary stents are carried out in a much shorter time and with less discomfort than the procedures such as coronary bypass surgeries. The aforementioned factors will contribute to the growth of the global market and will enable the increase in the global coronary stents market value in the forthcoming years.
The Resolute Onyx 2.0 was a new drug eluting stent which was introduced as the smallest stent available in the market at the time of its launch. Fortune Business Insights predicts that increasing the introduction of technologically advanced products will favor the growth of the global coronary stents market in the coming years.
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Table of Content from Coronary Stents Market
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
5. Global Coronary Stents Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Deployment
5.2.1 Self-Expandable
5.2.2 Balloon Expandable
5.3. Market Analysis, Insights, and Forecast – By Stent Type
5.3.1 Drug-Eluting Stents (DES)
5.3.2 Bioresorbable Stents
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