Press release
Global Coronary Artery Disease Treatment Devices Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025
Anticipated expansion of these devices in the near future is because of a surge in the demand of these therapeutics owing to the rising incidences of chronic disease across the globe. The high cost of therapeutics, limited awareness, and unavailability of proper healthcare infrastructure for therapeutics is expected to restrain the growth of the global coronary artery disease therapeutics market in the coming years.
Global coronary artery disease treatment devices market to grow with a CAGR of 5.45 % over the forecast period of 2018-2025.
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Minimal invasiveness has been attracting the attention of many in recent times. Since Coronary Angioplasty is one of the types of minimally intrusive treatments, there has been a spur of growth in the demand for this procedure. Increasing cases of coronary artery diseases has triggered research and development initiatives to develop several innovative solutions for treatment purposes, which lays a foundation for future growth.
North America dominates the coronary artery disease treatment devices market, followed by Europe. North America accounted for the highest market share in 2018 on the rising geriatric population having cardiovascular and diabetes disease. In addition, countries like U.S and Canada have developed healthcare infrastructure and improved reimbursement policies. Asia Pacific region is the fastest-growing region on account of developing healthcare infrastructure in emerging economies such as China and India and rising disposable income in this region will boost the growth in this region.
Key players of the market include Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, B. Braun Melsungen AG, Vascular Concepts, Stentys SA, Biosensors International Group Ltd., and Orbus Neich.
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