Coronary stent market is the market of coronary stent which are utilized for opening the artery during coronary heart procedures such as, angioplasty specifically in percutaneous coronary intervention (PCI). PCI procedure is helpful in reducing angina and helps in increasing survival probabilities of patient. The global coronary stent market is expected to grow at a CAGR of 7.10% during forecast period 2016-2023. Increasing Geriatric Population, Rising Incidence of Coronary Artery Disease are the major drivers contributing to the growth of global coronary stent market. According to national program from prevention and control diabetes, stroke and CVD, in India, it is estimated that by the end of 2020, cardio artery diseases would be one of the major factor that results in mortality.
Whereas, availability of alternative treatment methods for coronary artery disease such as Enhanced external counter pulsation (EECP), stringent regulations for product approval and product failure and product recalls are some factors that are restricting the market growth.
Rising geriatric population increases risk for prevalence of coronary heart disease that is likely to reflect positive effect in growth of global coronary stent market. According to National Center for Bio-technology Information Western countries are majorly affected by Coronary health diseases and this condition resulting in death of one third of older people. In addition to this, according to American Heart Association statics on heart disease and stroke 2016, around 15.5 million people in United States of America were affected from coronary heart disease. This prevalence of CHD is high in men with around 37.5% and in women in 18.3%. As per National institute of health (NIH), United States, has accounted about 8.5 % of old aged population. It is expected that the geriatric population is likely to reach up to approximately 1.6 billion by the end of 2050. Moreover, According to World Health Organization (WHO), in 2015, about 125 million people were of 80 years and above in United States. Thus, the rising geriatric population is increasing the prevalence of coronary heart diseases which is boosting global coronary stents market.
Source: OBRC Analysis
The report on global coronary stent market is segmented on the basis of its segments which include: type, mode of delivery, material and end user.
The type of coronary stent in market includes:
- Bare-Metal Stents
- Drug-Eluting Stents
- Bioabsorbable Stents
Mode of delivery in coronary stent market includes:
- Balloon-Expandable Stents
- Self-Expanding Stents
End user segment of coronary stent market includes:
- Metallic Stents
- Other Stents
The end users adopting coronary stent include:
- Hospitals
- Cardiac centers
- Ambulatory Surgical Centers
The report scope is widely categorized on the basis of its segments such as type, mode of delivery, material and end user.
Geographically, the coronary stent market report has been segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America is expected to dominate the market for the forecast period 2016-2023 followed by Asia pacific, Europe and Rest of the World. North America accounted for the largest market share in terms of revenue due to planned reimbursement policies, high healthcare spending. However according to OBRC analysis Asia pacific is expected to grow at a faster CAGR during the forecast period 2016-2023 due to positive effect of market factors in the region such as, rising prevalence of cardiac diseases, increasing adoption of advance technology in the region and low manufacturing costs in the region. Moreover presence and increasing focus of key players of coronary stent market in the region is expected to contribute in the growth of coronary stent market in Asia.
Global coronary stent market report covers segmentation analysis of type, mode of delivery, material and end user. Report further covers segmentation analysis of coronal stent type which includes Bare-Metal Stents, Drug-Eluting Stents, Bioabsorbable Stents. Drug eluting stent segment is expected to dominate during the forecast period 2016-2023 due to the advantages of drug eluting stents such as, low risk of restenosis and less complications and low cost procedure. Segmentation on the basis of mode of delivery the coronary stent market is sub-segmented into Balloon-Expandable Stents and Self-Expanding Stents. Balloon expandable stent sub-segment of mode of delivery is expected to dominate the market during forecast period 2016-2023 due to increasing research in accordance to improve technology and growing regulatory approvals for balloon-expandable stents. Material segment of global coronary stent market is segmented into Metallic Stents and Other Stents. Other segment is expected to dominate market due to increasing utilization of polymers and copolymers for developing bioabsorbable stent. On the basis of end user the market is segmented into Hospitals, Cardiac Centers and Ambulatory Surgical Centers. Hospital segment in end user is expected to dominate the market for the forecast period 2016-2023 owning to high utilization of coronary stent in hospitals.
The major market players of the global healthcare workforce management systems market are:
- ABBOTT LABORATORIES
- BOSTON SCIENTIFIC CORPORATION.
- BIOSENSORS INTERNATIONAL GROUP, LTD.
- BIOTRONIK SE & CO. KG
- B. BRAUN MELSUNGEN AG
- OTHER
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch whereas, mergers, acquisition and partnership is the key strategy adopted by the companies in the coronary stent market.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in the global coronary stent market.
Key reasons to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023 of the global coronary stent market.
- Report includes detailed analysis of different segments such as type, mode of delivery, material and end user of the global coronary stent market.
- Identify and understand the strength, opportunities, challenges and threat of the global coronary stent market during the forecast period.
- Covers details analysis of Porters 5 force model and other strategic models. Also covers revenues, market share analysis, and competitive landscape analysis of major players of the global coronary stent market.
- Detailed analysis of various the regulatory policies which are affecting the global coronary stent market during the forecast period.
How are we different from others?
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on the global coronary stent market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the global coronary stent market, with giving extensive SCOT analysis of key companies.
Key findings of the global coronary stent market:
- Large expenditure on healthcare services are adding growth in the global coronary stent market during the forecast period.
- Rising Incidence of Coronary Artery Disease and Subsequent Growth in the Number of PCI Procedures adding growth in the global coronary stent market.
- North America held highest revenue share in 2016 and is expected to dominate the market during the forecast period.
- Bioabsorbable Stents to be the fastest growing type segment during the forecast period.
- Mergers and acquisition is the key strategy adopted by players of the global coronary stent market.