Coronary Stents Market Rising Trend Including Key Players Profile like Abbott, Boston SciTech Inc., Minvasys, Medinol Ltd, iVascular SLU, Elixir Medical Corporation
Global Coronary Stents Market report brings into light key market dynamics of the sector. It gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. This report is intended to help readers develop a practical and intelligent approach to market dynamics and exploit opportunities. The Global Coronary Stents Market report is a professional yet exhaustive study on the current as well as future state for the market. This report analyzes the status and future forecast involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast in the major regions of the world.
Market Analysis:
Global Coronary Stents 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.
Key Market Competitors:
Few of the major competitors currently working in the coronary stents market are Abbott (US), Boston SciTech Inc. (US), Minvasys (France), Medinol Ltd (Israel), iVascular SLU (Spain), Elixir Medical Corporation (US), Inspire MD Inc. (Israel), STENTYS SA (France), Hexacath (France), Medtronic (US), Andramed GmbH (Germany), Cardinal Health (US), ORBUSNEICH MEDICAL (Hong Kong), Eurocor Tech GmbH (Germany), Comed B.V. (Netherlands), Endocor GmbH (Germany), MicroPort Scientific Corporation (China), Amaranth Medical, Inc. (Singapore), Terumo Corporation (Japan), Degania Silicone Ltd. (Israel), Meril Life Sciences Pvt. Ltd. (IN), InSitu Technologies Inc. (US), AlviMedica (Turkey), Biotronik SE & Co. KG (Germany), amg International GmbH (Ireland), Arthesys (France), Lepu Medical (China), Translumina Therapeutics (Germany), among other companies.
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The Global Coronary Stents Market report makes some important proposals for a new project of industry before evaluating its feasibility. While formulating this market report, client business competence is understood adeptly to identify tangible growth opportunities. The base year for calculation in the report is considered as 2017 while the historic year is 2016 which will tell you how the Global Coronary Stents Market is going to act upon in the forecast years by giving information about the several market insights. Identifying significant trends, drivers, influencing factors in global and local regions is one of the key goals of this market document.
Competitive Analysis:
Global coronary stents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of coronary stents market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Coronary Stents Market By Type (Dual Therapy Stent, Bioresorbable Vascular Scaffold, Drug Eluting Stent (DES) (Paclitaxel, Limus-Based Drugs), Bio-Engineered Stent, Bare Metal Stent), Absorption Rate (Slow-Absorption DES, Fast-Absorption (DES)), Material (Stainless Steel, Cobalt Alloy Metal, Gold, Tantalum, Nitinol, Polymers), Rate (Slow-Absorption Stents, Fast-Absorption Stents), Application (Coronary Artery Disease, Peripheral Artery Disease), End-User (Hospitals, Cardiac Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 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.
Market Restraints
- Non-availability for the middle class people due to pricing of the stents is expected to act as a restraint to the market growth
- Complications associated with implantation of stents is expected to act as a restraint to the market growth
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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
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.
Reasons to Purchase this Report
- Current and future of coronary stents market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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