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Coronary Stents Market Analysis 2021-2027 | Abbott, B Braun, Biosensors, Biotronik, Boston Scientific, Medtronic

04-29-2021 12:41 PM CET | Health & Medicine

Press release from: Global Market Insights Inc.

Coronary Stents Market Analysis 2021-2027 | Abbott, B Braun,

In October 2017, Abbott, a prominent player in the coronary stents market, obtained the CE Mark for its XIENCE Sierra everolimus-eluting coronary stent system. The reception of the CE Mark enabled the sale of the device in the EU and other nations that recognize the mark.

Advancements in this XIENCE generation, which is recognized for its exceptional safety, comprised features that facilitate cardiologists in the successful completion of complex procedures that now account for nearly 70 per cent of cases.

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The product makes it easier for cardiologists to unblock and access difficult-to-reach lesions and its new features comprise small-diameters, thinner profile, longer lengths, and increased flexibility.

Similar developments are set to boost the demand for several coronary stent types through the forthcoming years. On this note, the global coronary stents market size is anticipated to surpass USD 8.7 billion by 2027, cites the latest research by Global Market Insights, Inc.

Prominent players operating in the coronary stents industry comprise Terumo, Boston Scientific Corporation, Medtronic, B Braun, and others. These players are focusing on numerous strategies comprising novel product developments, acquisitions, mergers, and collaborations for increasing product penetration.

Citing an instance, in July 2019, Terumo Corporation rolled out MISAGO Self-expanding Peripheral Stent to be deployed in iliac arteries in Japan. The roll-out helped in reinforcing the geographical footprint of the company.

The cardiac stents segment is forecasted to depict appreciable growth of 4.6 per cent through 2027. This upsurge is on account of the reduced cost of post cardiac surgeries, rising prevalence of coronary artery diseases, and surging focus on enhancing the life expectancy of patients. The outreach of specialized cardiac centers to the extensive patient pool and the availability of advanced treatment alternatives are set to bolster market growth through the forecasted period.

The bioresorbable vascular scaffold segment held a substantial share of USD 416.0 million of the overall coronary stents market value. A rise in the number of minimally invasive surgeries owing to the constantly evolving technology has been the major reason for increased adoption. The bioresorbable vascular scaffold decreases complications comprising thrombosis and inflammation and helps in the restoration of normal vasomotion and improvement of abnormal endothelial function.

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The Asia Pacific coronary stents market held more than 50 per cent of the overall revenue in 2020 and is projected to record remarkable growth over the analysis period. The high rate of growth is on account of the rising prevalence of chronic diseases including cardiac diseases and cancer. There is also an increase in the demand for minimally invasive surgical procedures owing to numerous advantages comprising shorter hospital stays, small scars, short recovery time, and low risk of infection. Various regulations, for instance, price capping in India are expected to increase the acceptance of the stents of local manufacturers.

In a nutshell, the rising number of research activities leading to the development of various coronary stent types are anticipated to augment coronary stent market size over the estimated span.

Partial Chapter of the Table of Content

Chapter 3. Coronary stents Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2016 - 2027

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising burden of coronary artery disease

3.3.1.2. Increasing demand for minimally invasive procedures

3.3.1.3. Technological advancement in developing economies

3.3.1.4. Growing geriatric population

3.3.2. Industry pitfalls & challenges

3.3.2.1. Product failure and recall

3.3.2.2. Stringent regulatory approvals

3.3.2.3. Dearth of skilled healthcare professional in developing economies

3.4. Growth potential analysis

3.4.1. By product

3.4.2. By end-use

3.5. COVID-19 impact analysis

3.6. Regulatory landscape

3.7. Technology landscape

3.8. Porter's analysis

3.9. Competitive landscape, 2019

3.9.1. Company matrix analysis

3.10. PESTEL analysis

Chapter 4. Coronary stents Market, By Product

4.1. Key segment trends

4.2. Bare metal stents

4.2.1. Market size, by region, 2016 - 2027 (USD Million)

4.3. Drug eluting stents

4.3.1. Market size, by region, 2016 - 2027 (USD Million)

4.4. Bioresorbable vascular scaffold

4.4.1. Market size, by region, 2016 - 2027 (USD Million)

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/coronary-stents-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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