Increasing Cardiovascular Surgeries Leads To Higher Market Value For Cardiovascular Stents
Many people are diagnosed by cardiovascular disease nowadays, it is important to develop new medical instruments and solutions which will help cure those diseases. Therefore the use of coronary or cardiovascular stents is adopted in clinical practices which should have the clinical evidence, improved outcomes and physician’s experience. One of the drawback for the cardiovascular stent market is the increase prices of coronary stents. However, by using cost –containment policies and appropriateness criteria they can reduce the cost and in future the price of cardiovascular stents will decrease. The increasing geriatric population in the countries will be one of the reason to enhance the growth of this market. China has more number of aged people so stents producers are more likely to tap this market. According to WHO report in 2015 people died from cardiovascular diseases, representing 31% of all global deaths. On the preventions measures for this the global cardiovascular stents market is expected to grow in the future.
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Drug Eluting Stents have much better angiographic and clinical results as compared to other type of segment in the cardiovascular stents Market
The global cardiovascular stents market is segmented on the basis of product type:
Drug Eluting stents,Bare Metal Stents,Bio-absorbable stents
The global cardiovascular stents market is segmented on the basis of material type
Carbon,Silicon carbide,Titanium Nitride Oxide,Cobalt Chromium,Platinum Chromium,Other stents
The global cardiovascular stent market is segmented on the basis of end user
Hospitals,Cardiac centers,Ambulatory surgical centers
Drug eluting absorbable metal scaffold, a new class of absorbable metal scaffold
According to the technological trends of cardiovascular stents market, Bio -absorbable Polymer-coated drug Eluting Stents become available in the US market, which are the enfold type of DES. The Circulatory System Devices Panel of the FDA’s Medical Devices Advisory Committee has approved application for the Absorb GT1 Bioresorbable Vascular Scaffold System. The DREAMS (Drug-Eluting Absorbable Metal Scaffold) device is a fully bioresorbable scaffold made from a magnesium alloy covered with a polymer and sirolimus drug coating, this new class of absorbable metal scaffolds has the potential to become available in the United State market. The stent-on –wire is also a new type of coronary stent available which is a Drug eluting coronary fixed wire systems. There are some other coronary stents newly developed which are Tryton Side Branch Stent, PK Papyrus Covered Stent.
Major players to lead in the cardiovascular stents market
The key players operating the cardiovascular stents market include Medtronic, St. Jude Medical, Boston scientific, and Edward Lifesciences, Abbott laboratories, Johnson &Johnson, Getinge, Terumo, W. L. Gore & Associates, and Lepu Medical Technology.
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