Press release
Coronary Stents Market to Reach an Overall Valuation of US$ 8.292 Billion by 2019
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According to the report, the global coronary stents market can be divided into three product type segments of bio-absorbable stents, drug eluting stents (DES), and bare metal stents. Of these, the report states that the largest market share is held by the drug eluting stents segment. This leading market contributor held nearly 55% to 60% of the share in 2010.The major advantage that drug eluting stents offer is the highly demanded non-invasive procedure that is currently finding a high penetration rate of more than 60% on an average.
An analyst at Transparency Market Research states, “The global coronary stents market’s greatest segment, drug eluting stents, is expected to be worth around US$5.3 billion in 2019. The segment’s CAGR from 2013 to 2019 is estimated to be 9.54%. The major reason why this segment continues to grow at such a rapid pace is its high rate of acceptance in developed countries.”
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The drug eluting stents segment in the global coronary stents market is expected to grow at 9.0% in the U.S., at 10% in the Asia Pacific region, and at 3.1% in Europe as well as the Rest of the World. The older and more invasive procedure of using bare metal stents declined rapidly after the introduction of drug eluting stents.The segment of bare metal stents has found less favor in recent years. It held nearly 40% to 45% of the global coronary stents market in 2010 and is currently growing at a CAGR of 2% till 2019.
The prime growth driver in the global coronary stents market is the high prevalence of cardiovascular diseases. With a growing population of senior citizens around the world, especially in developed countries, the global coronary stents market is set to find large regions of growth across the globe.Other factors that drive the growth of the global coronary stents market include changes in lifestyle that have led to the rise in obesity and the advancements in technology of new generation bio-absorbable stents.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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