Press release
Global Bare Metal Stents Market Industry Trends, Estimation & Forecast, 2018-2025
Bare Metal Stents Market
It is anticipated to witness flourishing growth over the forecasted period. Increasing adoption of minimum invasive techniques, raising various cardiovascular surgeries, hectic lifestyle coupled with rising matured population base will dispute the market growth. Accelerating in the adoption of an inactive lifestyle, increasing consumption of junk food and development in healthcare technology will further fuel the growth of the market. Moreover, demanding government approvals procedure is one of the crucial reasons to delay the adoption rate of stent in developing as well as developed countries.
The Global Stent Market Size was accounted for USD 8.7 billion in 2018 and is estimated to watch 7.3% CAGR from 2018 to 2025.
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The market outlook is segmented into vascular and non-vascular stents. Vascular stents include coronary stents, peripheral stents, and neurovascular stents and accounted for the majority of the market share in 2018. A high growth rate is attributed to the increasing market demand of vascular stents in cardiovascular and elderly patients. Also, factors such as various government policies and expanding product portfolio of companies will be conducive to market growth in the future.
North America, the U.S. dominated the world market in 2017 and accounting highest revenue developed in 2017. Owing to increased disposable income and various compensate protocols allowing patients to select for percutaneous coronary intervention techniques should drive the regional market. However, increasing demand for minimally invasive medical mechanisms and various reimbursement and insurance policies by Centre for Medicare and Medicaid i.e. CMS will stimulate business growth in perceived years.. The industry share is rapidly growing in the Asia Pacific region due to large patient population base along with various government initiatives and favorable regulations.
key industry players holding majority shares are B. Braun Melsungen AG, Meril Life Sciences, MicroPort Scientific Corporation, Medtronic, Biotronik, Biosensors International Group, Abbott Laboratories, Terumo, C R Bard and Elixir Medical Corporation are some of the major industry players operating in the global market.
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