Coronary Stents Market Trends, Revenue & Regional Forecast To 2025
Category: #headlines  By Ronak Bora  Date: 2020-07-13
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Coronary Stents Market Trends, Revenue & Regional Forecast To 2025

According to the latest research report, the global coronary stents market is expected to record 5.4% CAGR during the forecast period 2019-2025.

Coronary artery disease (CAD) is one of the most common medical conditions that affects millions of people worldwide. Rapid advancements in the pharmaceutical industry have led companies to design advanced stent therapies. The use of biodegradable materials and the advent of bifurcated stents are further expected to foster coronary stents industry size.

A notable portion of industry growth comes from market players developing new stent products for heart patients. Citing an instance, in 2018, medical device company Medtronic plc launch the smallest coronary stent, dubbed Resolute Onyx 2.0 mm Drug-Eluting Stent (DES), into the market.

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Based on product, the coronary stents market is segmented into drug-eluting stent, bare-metal stent and bioresorbable vascular scaffold. According to reports, bare-metal stent segment recorded USD 506.5 million in 2018. Being the first stent to be licensed for use in cardiac arteries, bare-metal stent minimize the chances of stent thrombosis following a heart bypass. With the multiplying occurrence of coronary heart diseases worldwide, the bare-mental stent market is estimated to witness robust growth in the coming years.

Coronary Stents are mostly used in cardiac centers, ambulatory surgical centers and hospitals. In 2018, the hospital segment generated around 40% of total coronary stents market revenue. However, stent implantation can only be carried out by those hospitals that satisfy the percutaneous coronary intervention safety standards.

For attaining successful surgeries, stricter guidelines are required to be adhered with optimal safety. In addition to this, elements such as growing presence of government hospitals that offer cost-efficient alternatives and stern regulations could supplement coronary stents market size in the hospital segment.

According to regional share, Germany coronary stents market is anticipated to procure lucrative growth of 3.0% over the coming years. Growing incidents of cardiovascular diseases in the region will majorly influence industry expansion. According to a report, around 51,000 heart bypass surgeries were being conducted in Germany in 2016. However, given to the rate at which ambulatory surgical centers are being developed in Europe, the coronary stents industry might accrue noteworthy expansion in the future.

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For instance, in 2019, Terumo announced the finalization of the acquisition of Essen Technology, a Chinese firm that specializes in offering drug-eluting stents. Reportedly, the move would allow Terumo to expand into the Chinese market, further bolstering its presence in the Asia Pacific market. Additionally, companies are also focused on developing innovations to modify stents as per patient’s condition and capitalize on market prospects to gain a competitive edge over rivals. Furthermore, GMI, suggests that the coronary stents market size could exceed USD 8.0 billion by 2025.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1. Coronary stents market industry 3600 synopsis, 2014 - 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. End-use trends

2.1.4. Regional trends

Chapter 3. Coronary Stents Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising burden of coronary artery disease in the U.S.

3.3.1.2. Increasing demand for minimally invasive procedures

3.3.1.3. Technological advancements in developed economies

3.3.1.4. Pricing control of coronary stents in Asia Pacific region

3.3.1.5. Rising geriatric population in developing economies

3.3.2. Industry pitfalls & challenges

3.3.2.1. Product failure and product recall

3.3.2.2. Stringent regulatory scenario in developed countries

3.3.2.3. Dearth of skilled healthcare professionals in developing economies

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By end-use

3.5. Regulatory landscape

3.6. Technology landscape

3.7. Porter’s analysis

3.8. Competitive landscape, 2018

3.8.1. Strategy dashboard

3.9. PESTEL analysis

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/coronary-stents-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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