Research on Coronary Stents Market: Economic Performance Evaluation, Business Competition & CAGR Analysis
Factors that drive the growth of the global coronary stents market are an increase in the prevalence of CAD, improved patient outcomes with stenting, and the emergence of new trends in the field of coronary artery stents.
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In addition, an increase in demand for coronary stents from the emerging countries and growth in awareness about the availability of suitable insurance & reimbursement policies provide opportunities to the coronary stents manufacturers.
However, the high cost of procedures associated with coronary stents and the availability of a substitute method for the treatment of CAD is 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 has been significantly improved and show the reduction in stent thrombosis.
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• Abbott Laboratories
• Boston Scientific Corporation
• Microport Scientific Corporation
• Terumo Corporation
• Stentys SA.
• Biotronik SE & Co. KG
• Biosensors International Group Ltd.
KEY FINDINGS OF CORONARY STENTS MARKET:
• Asia-Pacific is projected to maintain its leadership position throughout 2022, growing at a CAGR of 11.5%.
• The metallic biomaterial segment occupied more than half of the total market in 2015.
• China occupied one-fourth of the share of the total Asia-Pacific coronary stents market in 2015.
• The bio-absorbable stents are anticipated to grow at the highest rate during the analysis period from 2016 to 2022.
• India is expected to grow at the highest CAGR of 14.2% from 2016 to 2022.
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