This report is an analytical view of business aspects like drivers and restraints, global opportunities to scale up business. Regional performance and demanding structure for market is included in this coronary stent report. It also offers holistic view of the market and offers an accurate understanding of the competitive landscape. The report is designed to incorporate both qualitative and quantitative aspects of the coronary stent industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
The main objective of the coronary stent report is to study and forecast the market size of the block chain technology in the global coronary stent market. This report defines, describes and forecast the market from 2019 to 2026. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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Global coronary stent market is expected to rise from its initial estimated value of USD 7.76 billion in 2018 to an estimated value of USD 13.60 billion by 2026, registering a CAGR of 7.2% in the forecast period of 2019-2026.
Market Definition: Global Coronary Stents Market
A small mesh like elastic tube composed of metal like cobalt alloy or stainless steel that attaches onto small balloons and opens inside the artery to support the vessel wall and facilitates the blood flow is known as a Stent.
According to World Health Organization, there were an estimated 17.9 million people die which accounts for 31% of all deaths worldwide, almost more than half of these deaths could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.
Market Drivers
- Increasing demand by supplier side and parent side due to convenience during medicine intake will drive the market.
- Increase in diabetic population, increased consumption of alcohol, rising obese population, increase in hypertension, aging population are the main drivers of the market.
Some of the major players operating in this market are
Abbott Vascular
SciTech
Boston Scientific Corporation
Minvasys
Medinol Ltd
iVascular SLU
Elixir Medical Corporation
Inspire MD
Stentys SA
Hexacath
Medtronic
Andramed GmbH
Cordis Corporation
Orbusneich
Eurocor GmbH
Comed B.V.
Endocor GmbH
MicroPort Scientific Corporation
Amaranth Medical, Inc.
Terumo Corporation
Others: Degania Silicone Ltd., Meril Life Sciences Pvt. Ltd., InSitu Technologies Inc., Alvimedica, Biotronik SE & Co. KG, AMG International GmbH, Arthesys, Lepu Medical, Translumina GmbH, Accura, Svelte Medical, B. Braun Melsungen AG and, Eucatech AG among other companies.
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Segmentation: Global Coronary Stents Market
By Product Type
Dual Therapy Stent
Bioresorbable Vascular Scaffold
Drug Eluting Stent (DES)
Paclitaxel
Limus-Based Drugs
Bio-Engineered Stent
Bare Metal Stent
By Absorption Rate
Slow-Absorption DES
Fast-Absorption DES
By Material
Stainless Steel
Cobalt Alloy Metal
Gold
Tantalum
Nitinol Polymers
By Rate
Slow-Absorption Stents
Fast-Absorption Stents
By Application
Coronary artery disease
Peripheral artery disease
By End-Users
Hospitals
Cardiac centers
Others
By Geography
North America (U.S., Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)
Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)
Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)
Key Developments in the Market:
On 6th January, 2017, Abbott has completed its $25 billion acquisition of St. Jude Medical, the healthcare company announced. The merger melds St. Jude’s strength in heart failure devices, catheters and defibrillators with St. Jude’s prowess in coronary intervention value repair. St. Jude bolstered its heart failure business a little over a year ago with the purchase of Thoratec for USD 3 billion.
In February 2017, PRO-Kinetic Energy Cobalt Chromium Bare-Metal Stent of Biotronik received FDA approval for treating coronary artery blockage. This novel medical device which has already been used to treat more than 650,000 patients worldwide.
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