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Coronary Stents Market Evolving Opportunities with Latest Market Insight 2025 | The Insight Partners

10-11-2021 09:03 AM CET | Health & Medicine

Press release from: The Insight Partners

Coronary Stents Market Evolving Opportunities with Latest

The Insight Partners market research study titled 'Coronary Stents Market to 2025 - Global Analysis and Forecasts by Type, by Absorption Rate, by Material, and End-Users, the global coronary stents market was valued at US$ 7,619.4 Mn in 2017 and is estimated to reach US$ 13,879.0 Mn by 2025.

The key players operating in the field of Coronary Stents worldwide include Microport Scientific Corporation, Medtronic PLC, Biosensors International Group, Ltd., Abbott Laboratories, Vascular Concepts Limited, SE & Co. Kg, Stentys SA, B. Braun Melsungen AG, Translumina GmbH, and Terumo Corporation.

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The report provides trends prevailing in the global coronary stents marketand the factors driving the market along with those that act as hindrances. Owing to the factors such as the rising prevalence of coronary artery diseases, technological advancements and rising geriatric population are anticipated to drive the growth of the market.

Market Insights

Rising Prevalence of Coronary Artery Diseases - Cardiovascular diseases or CVDs are the disorders of the heart and blood vessels and include cerebrovascular disease, coronary heart disease, rheumatic heart disease, and other conditions. Some of the significant factors which lead to death and difficulties are the use of tobacco, unhealthy diet, and physical inactivity, which increases the risk of heart attacks and strokes.

Declining Prices of Coronary Stents- Coronary stents are a type of small mesh metal tubes that are developed for providing support to the weakened arteries in the heart. The surgery for CVD, coronary heart diseases and other heart ailments need treatments for a better and healthy lifestyle. The cost of coronary stents is the most crucial factor which is considered before using stents.

Type Insights

The coronary stents market on the basis of type is segmented into drug-eluting stents, bare-metal stents, and bioabsorbable stents. In 2017, the drug-eluting stents segment accounted for the largest market share in the global coronary stents market by type. These stents are inserted to keep arteries open after the angioplasty procedure ensuring good blood flow. In turn, reducing the risks of heart attack and stroke, and prevent the reoccurrence of any symptoms.

Strategic Insights

Some of the activities undertaken by the companies, which have promoted its growth are majorly organic developments. Companies such as MicroPort Scientific Corporation, Abbott, Terumo Corporation, and Medtronic among others have been implementing various strategies that have helped the growth of the company and in turn, have brought about various changes in the coronary stents market.

The report segments the coronary stents market as follows:

- By Type

Biodegradable Stents
Bare Metal Stents
Drug Eluting Stents

- By Absorption Rate

Slow Absorption Rate
Fast Absorption Rate

- By Material

Stainless Steel
Cobalt Alloy Metal

- By End-User

Ambulatory Surgical Centers
Cardiac Centers

The market for the coronary market is likely to grow more in the Asia Pacific region owing to developments in the region and rising awareness on better healthcare. In addition, the countries like Japan, China, and India are investing in improving healthcare infrastructure. Furthermore these countries have presence of large pool of population with heart diseases.

The market for coronary stents is well established in the region of North America, owing to the awareness regarding medical practices and technological developments in the treatment of cardiovascular diseases. Coronary stents is mature market in some of the region such as Japan, whereas, with some recent development in countries such as India, China, Indonesia and Taiwan, the demand for these devices is expected to upsurge in the coming years. Additionally, factors such as increasing focus of industry players in India and Japan, funds and grants in China are likely to propel growth of the market.

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Contact Person: Sameer Joshi
Phone: +1-646-491-9876
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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