At 6.1% CAGR Market snapshot on Coronary Stents Market

The Global Coronary Stents Market is prognosticated to witness rapid growth in the coming years. In a report, titled, "Coronary Stents Market Size, Share and Global Trend By Deployment (Self and Balloon-expandable), Stent Type (Drug Eluting Stent, Bioresorbable Stent, Bare Metal Stent, Covered Stent and Others), End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Catheterization Labs) and Geography Forecast till 2025". Fortune Business Insights identifies various factors enabling growth in the market. As per the report, the global coronary stents market is expected to reach a value of US$ 8,414.5 Mn by 2025, from US$ 5,244.9 Mn in 2017, with a promising CAGR of 6.1%.

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Leading Players operating in the Coronary Stents Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Biotronik
o Cardinal Health
o Cook Medical
o C R Bard
o MicroPort Scientific Corp
o Terumo Corporation
o BKK B. Braun Melsungen AG
o Abbott
o Boston Scientific
o Medtronic

The report covers:

o Global Coronary Stents Market trends, with detailed analysis on consumer trends & manufacturer trends.
o Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
o Key areas of investments identifying market opportunities and challenges in forecast timeframe.
o Competitive analysis of the industry players along with the overview on strategic management.
o Comprehensive company profiles of the major industry players.

Technological Advancements in Products to Enable Coronary Stents Market Growth

Recent product advancements have created a rising uptake of coronary stents in heart-related surgical procedures. In 2018, Medtronic launched a new 2 mm coronary stent for small vessels. The company also announced that it has received approval from the Food and Drug Administration (FDA) or the usage of its latest product. The Resolute Onyx 2.0 was a new drug eluting stent which was introduced as the smallest stent available in the market at the time of its launch. Fortune Business Insights predicts that increasing the introduction of technologically advanced products will favor the growth of the global coronary stents market in the coming years.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/coronary-stents-market-100065

Key Segmentation of Coronary Stents Market:
By Stent Type
o Drug-Eluting Stent
o Bioresorbable Stent
o Bare Metal Stent
o Covered Stent
o Others
By Deployment
o Self-expandable
o Balloon-expandable
By End-User
o Hospitals
o Ambulatory Surgical Centers
o Specialty Clinics
o Catheterization Labs
By Geography
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Growing Regulatory Approvals Will Lead to Substantial Coronary Stents Market Growth
The high prevalence of coronary arterial diseases has opened up a huge coronary stents market potential. Resulting from the high demand for coronary stents, several companies have shifted their focus on developing technologically advanced stents with the aim of serving a wider audience. The coronary stents market trends such as incorporation of micro-sized stents and use of minimally invasive procedures have contributed to the market growth.

In recent years, regulatory authorities have eased off on their reluctance to approve coronary stents market products. Abbott's CE approval for Xience Sierra was a game changer in the coronary stents industry as the device received worldwide allocates for its exceptional functional operations. Fortune Business Insights predicts that with Xience, Abbott will account for substantial coronary stents market growth and will encourage other companies operating in the market.

Besides Abbott, some of the key players that have contributed to the increase in the coronary stents market size are Medtronic, Terumo Corporation, C. R. Bard, Inc., Cardinal Health, Boston Scientific Corporation, B. Braun Melsungen AG, MicroPort Scientific Corporation, Cook, and Biotronik SE & Co. KG.

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Report Focus:

o Extensive product offerings
o Customer research services
o Robust research methodology
o Comprehensive reports
o Latest technological developments
o Value chain analysis
o Potential Coronary Stents Market opportunities
o Growth dynamics
o Quality assurance
o Post-sales support
o Regular report updates

Reasons to Purchase this Report:

o Comprehensive analysis of the Coronary Stents Market growth drivers, obstacles, opportunities, and other related challenges.
o Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
o Identifies market restraints and boosters.
o Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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