Research Nester published a report titled “Coronary Stent Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global coronary stent market in terms of market segmentation by stent type, deployment, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global coronary stent market is expected to garner a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. The market is segmented by end-user into hospitals, specialty clinics, and ambulatory surgical centers, out of which, the hospital segment is expected to hold the largest share in the global coronary stent market over the forecast period on the back of the increasing number of patients with heart diseases getting admitted to the hospitals. As heart diseases are aggressively mushrooming among people, they are seeking treatment in hospitals, which is the reason the hospital sub-segment is expected to hold the maximum share in the end-user segment.
The global coronary stent market is projected to witness growth on the back of increasing cases of heart attacks. The global population aged 65 and over is growing faster than all others, which is the reason the number of heart patients is also increasing. Additionally, according to the data released by the United Nations in 2018, for the very first time in history persons aged 65 or above outnumbered children under 5 years of age globally. Hence, the global coronary heart stent market is predicted to witness considerable growth owing to the increasing geriatric population in the world. Furthermore, the report published by Harvard College states that an estimated 2 million people get coronary artery stents every year. Hence, on the back of an increasing number of people getting coronary stents procedure, the global coronary stent market is estimated to witness significant growth during the forecast period. Additionally, the rising investment in the healthcare sector is also projected to boost global coronary stent market growth during the forecast period.
Regionally, the global coronary stent market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of the presence of state-of-the-art healthcare infrastructure. Furthermore, the report published by the Centers for Diseases Control and Prevention states that 1 person dies every thirty-six seconds in the USA from cardiovascular diseases. Owing to the surging cases of cardiovascular disease in the North America region, the global coronary stent market is expected to grow rapidly during the forecast period.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Skyrocketing Number of Patients Suffering from Cardiovascular Diseases to Foster the Market Growth
The data released by the World Health Organization states that 17.9 million people die each year from cardiovascular diseases.
The unprecedented surge in patients suffering from cardiovascular diseases is anticipated to boost the global coronary stent market growth during the forecast period. Coronary stents are extensively used to treat narrowed coronary arteries and save lives.
However, lack of awareness is expected to operate as key restraint to the growth of global coronary stent market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global coronary stent market which includes company profiling of Abbott Laboratories, Boston Scientific Corporation, Terumo Corporation, BIOTRONIK SE & Co KG, Becton, Dickinson, and Company (BD), MicroPort Scientific Corporation, B. Braun Melsungen AG, Medtronic International Trading Sarl, Cook Group Incorporated, and Elixir Medical Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global coronary stent market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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According to a new market research report "Coronary Stent Market by Type (BMS, BVS, Drug Eluting), Mode of Delivery (Self, Balloon Expandable), Material (Metal (Stainless Steel, CoCr, PtCr, Nitinol), Polymer, Copolymer), & End User (Hospital, Cardiology Center, ASC) - Global Forecasts to 2021" published by MarketsandMarkets, the market is expected to reach USD 10.31 Billion by 2021 from USD 7.16 Billion in 2016, at a CAGR of 7.6% during the forecast period.Browse 103 market data Tables and 49 Figures spread through 151 Pages and in-depth TOC on "Coronary Stent Market"Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=77411272 This report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW).
The growth of this market is mainly driven by factors such as technological advancements, increasing number of percutaneous coronary intervention (PCI) procedures, rising burden of CAD, increasing demand for minimally invasive procedures, and rising geriatric population.
Moreover, development of bioresorbable vascular scaffold (BVS) and expansion in emerging markets provide significant growth opportunities in the market.
However, alternative treatment methods for CAD, stringent regulations for product approval, and numerous cases of product failure and product recall may hinder the growth of this market during the forecast period.The report segments the Coronary Stent Market based on type, mode of delivery, material, end user, and region.
This can primarily be attributed to the advantages of drug-eluting stents over bare-metal stents, such as lower risk of restenosis and other related complications.
Moreover, the growing focus of major players in this region is expected to boost the coronary stents market in Asia.Request For Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=77411272 The Coronary Stent Market is a highly fragmented market, with several big and emerging players.
Global Coronary Stent Market Trending in 2021New York, NY 05 Oct 2021: The global coronary stent market size is expected to reach USD 15.28 billion by 2027 according to a new study by Polaris Market Research.
The report “Coronary Stent Market Share, Size, Trends, Industry Analysis Report, By Product (Drug Eluting, Bioresorbable Vascular Scaffold, Bare Metal Stents); By Metal (Cobalt Chromium, Platinum Chromium, Nickel Titanium, and Stainless Steel); By End Use (Hospitals, Ambulatory Surgical Centers, and Cardiology Centers); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.The global Coronary Stent Market offers prominent opportunities for the players to flourish in the untapped low-income countries, particularly in the Asia Pacific region.
Market is characterized by intense competition, flooded with many local players that develop safe, cost-effective, easy to use, and widely available products.
For example, The Frankel Cardiovascular Center, has 4 cardiac catheterization laboratory that are used for coronary procedures, these labs complement two hybrid operating rooms.
These medical facilities use technologically advanced such as DES, BMS and Bioresorbable Vascular Scaffold stents to improve the quality of life, offer better patient healthcare benefits like efficacy and safety profile, and minimize hospital stays.
For Example, Absorb GT1 has clinically proven that the artery is able to dilate and contract, called vasomotion that is similar to healthy blood vessels.
