Latest Trends and Opportunities in Global Coronary Stent Market
According to a new report published by Reports Monitor titled, “Global Coronary Stent Market, Growth Opportunities, Innovations and Forecast, 2017-2025,”the coronary stent market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025
During last couple of years geriatric population has increased which led to rising prevalence of cardio vascular diseases this drives the growth of the coronary stent market. Technological advancement in diagnostic and treatment of diseases related to blockage of arteries are propels the growth of the market. According to the WHO, 17 million of peoples throughout globe are dying from CVD this attracts the investment from government and private organization.
Higher expectations by healthcare system to provide adequate devices in treating the CVD diseases are boosting the growth of the market. Availability of insurance and reimbursement plan support the market to grow. High cost of stent and stringent government regulation to approve selling of stent in specific country can hampers the growth of the coronary stent market.
This report provides a detailed analysis of coronary stent market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of coronary stent market is majorly focuses on type, mode of delivery and end user. Basis on type the market is segmented into bare metal stent, drug eluting stent and bioresorbable vascular scaffold. While based on mode of delivery the market is segmented into self, expandable and balloon. On the basis of end user, the market is segmented into hospitals, cardiology centre and ASC.
Global Coronary stent market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of geriatric population, high prevalence of cardio vascular diseases, presence of develop healthcare infrastructure and available insurance & reimbursement alternatives driving the growth of the coronary stent market in North America. Rising population, developing medical devices industry and awareness of helathacre education are contributing the market growth in Asia-Pacific region.
Major vendors operating in the global coronary stent market are: Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co. KG , B. Braun Melsungen AG, TERUMO CORPORATION , STENTYS SA, MicroPort Scientific Corporation , Meril Life Sciences Pvt. Ltd. , sahajanand medical technologies, Vascular Concepts, and Translumina GmbH.
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