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Coronary Stents Market Rising at a CAGR of 9.5% | Current Trends, Share, Industry Analysis & Forecast by 2022
Market projects that the global market was valued at $4,806 million in 2015, and is projected to reach at $9,003 million by 2022, growing at a CAGR of 9.5% from 2016 to 2022.
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Factors that drive the growth of the global coronary stents market are increase in prevalence of CAD, improved patient outcomes with stenting, and emergence of new trends in the field of coronary artery stents. In addition, increase in demand for coronary stents from the emerging countries and growth in awareness about availability of suitable insurance & reimbursement policies provide opportunities to the coronary stents manufacturers.
However, high cost of procedures associated with coronary stents and availability of substitute method for the treatment of CAD are expected to hamper the market growth. DES is expected to maintain its dominant position throughout the analysis period, owing to its significant property of preventing the growth of scar tissue (restenosis) in the arterial wall after the procedure.
In addition, with the advancements in stents field, DES have been significantly improved and show reduction in stent thrombosis. Moreover, they provide improved outcomes for patients with CAD treated with percutaneous coronary intervention (PCI).
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Key Benefits:
•The study provides an in-depth analysis of the global coronary stents market, with current trends and future estimations to elucidate the imminent investment pockets from 2014 to 2022.
•A quantitative analysis from 2014 to 2022 to enable the stakeholders to capitalize on the prevailing market opportunities is discussed.
•Key market players are profiled and their strategies are analyzed thoroughly, which helps understand competitive outlook of the market.
•Porters Five Forces model elucidates the bargaining power of suppliers & buyers, threat of new entrants & substitutes, and competition among the key players.
Key Players:
•Abbott Laboratories
•Boston Scientific Corporation
•C. R. Bard Inc.
•Medtronic plc.
•Microport Scientific Corporation
•B. Braun Melsungen AG
•Terumo Corporation
•Biotronik SE & Co. KG
•Biosensors International Group Ltd.
•Stentys SA.
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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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