Coronary Stents Market will exhibit a CAGR of around 7.34%,Size, Key Trends Analysis

Rise in the prevalence of angioplasty surgeries coupled with the rising geriatric population is promoting the coronary stents market value. Data Bridge Market Research analyses that the coronary stents market will exhibit a CAGR of around 7.34% for the forecast period of 2021-2028.

View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/coronary-stents-market

Coronary stents are the expandable mesh tubes that are inserted into the coronary arteries to regulate to flow or the supply of blood. It is used during a surgical process to keep the arteries open and prevent them from getting blood clogged. The coronary stents are made of medical-grade steel and once inserted, stay in the arteries permanently. This is because the tissues will start to coat the stent-like layer of the skin itself. Coronary stents are used in almost every angioplasty nowadays.

With the rising number of patients with heart-related diseases, the demand for coronary stents has significantly gone up. The rising geriatric population coupled with rising cardiovascular diseases and diabetic patients have led to the rise in demand for coronary stents. The low rate of risks involved coupled with the low cost of manufacturing has also propelled the demand for coronary stents.

Complications involved in the insertion of a stent will slow down the rate of market growth. The high cost of undergoing the procedure of implantation will further restrict the scope of growth. The recent coronavirus outbreak has also negatively impacted the market.

Key Players Analysis:

The major players covered in the coronary stents market report are Medtronic, Abbott., Boston Scientific Corporation or its affiliates., BIOTRONIK SE & Co KG, B. Braun Melsungen AG, Terumo Corporation, STENTYS SA, MicroPort Scientific Corporation., Meril Life Sciences Pvt. Ltd., Vascular Concept., W. L. Gore & Associates, Inc., BD., ENDOLOGIX LLC., Translumina., JOTEC GmbH, Lombard Medical, Xcell Medical Group, Cardinal Health., Cook and Sahajanand Laser Technology Limited (SLTL Group) among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Coronary Stents Market Scope and Market Size

The coronary stents market is segmented on the basis of type, absorption rate, material, rate, application, mode of delivery and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

On the basis of type, the coronary stents market is segmented into dual therapy stent, bioabsorbable vascular scaffold, drug eluting stent (DES), bio-engineered stent and bare metal steel. Drug Eluting Stent (DES) is further sub-segmented into paclitaxel and limus-based drugs.

On the basis of absorption rate, the coronary stents market is segmented into slow-absorption DES and fast-absorption DES.

On the basis of material, the coronary stents market is segmented into stainless steel, cobalt alloy metal, gold, tantalum, nitino and polymers.

On the basis of rate, the coronary stents market is segmented into slow absorption stents and fast-absorption stents.

The coronary stents market is also segmented on the basis of application into coronary artery disease and peripheral artery disease.

On the basis of mode of delivery, the coronary stents market is segmented into balloon-expandable stents and self-expanding stents.

The market is also segmented on the basis of end users into hospitals, cardiac centres and others.

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