Coronary Stents Market Report 2020 Size, Share, Growth, Business Analysis, and Regional Forecast to 2025 is latest research report on Global Coronary Stents Market published by “Fortune Business Insights”. According to report the Global Coronary Stents Market to grow at 6.1% CAGR and reach $8,414.5 million value by 2025. Coronary Stents Industry report anlayzes Market for Coronary Stents 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 Regional Forecast 2018-2025.
Coronary Stents Industry Key Players Analyzed in Report Are:
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.
Global Coronary Stents Market Insights:
The global Coronary Stents market size is predicted to grow $8,414.5 billion by 2025, exhibiting a CAGR of 6.1%% during the forecast period. A coronary stent is a tube-shaped device inserted into coronary arteries which helps to regulate the blood supply to the heart.
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.
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.
Coronary Stents Market Segmentation:
The global Coronary Stents Market is segmented on the basis of Deployment, Stent Type, End User and Region.
Based on Deployment the Global Coronary Stent Market is segmented into Self and Balloon-expandable.
Based on Stent Type the Coronary Stents market is segmented by Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others.
Based on End User the Coronary Stent market is segmented by Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Catheterization Labs.
On the basis of region market for Coronary Stents segmented by North America, Europe, Asia-Pacifica, Africa and other regions.
Regional Market Insights:
Report analyzes Global Market for Coronary Stents by North America, South America, Asia-Pacific, Europe, Middle East and Africa.
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.
In order to improve their accessibility, India has capped prices of coronary stents, and this will be a key factor fueling demand in the long run. Such factors will help the market in the Asia Pacific to emerge as the fastest growing region. The competitive landscape of the global coronary stents market is consolidated with the top five market players holding a prominent share. These companies are not only investing hugely in research and development but also launching improved products in order to improve their market share post-approval.
Global Coronary Stents Market Growth Insight:
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. Increasing fatalities due to coronary artery disease have fueled the demand for coronary stents across all health centers and hospitals worldwide.
Highlights of the Report:
In-depth analysis of various insights, namely, Coronary Stents Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Coronary Stents Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
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Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
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