Coronary Stent Market Registering CAGR of ~6.8% Expected by 2023


Posted June 14, 2018 by dikshapote3847

The Global Coronary Stent Market is expected to have a CAGR of 7.8% during the forecast period 2018 to 2023. The coronary stent industry is segmented on the basis of type, mode of delivery, material, and end-user.

 
Worldwide Coronary Stent Market Highlights:The Global Coronary Stent Market is segmented on the basis of type, mode of delivery, material, and end-user. On the basis of type, the market is segmented into bare-metal stents, drug-eluting stents, and bio absorbable stents. On the basis of mode of delivery, the market is segmented into balloon-expandable stents and self-expanding stents.

On the basis of material, the market is segmented into metallic stents, cobalt chromium, platinum chromium, nickel titanium, stainless steel, and others. On the basis of end-user, the market is segmented into hospitals and clinics, cardiac centers, ambulatory surgical centers, and others.

Factors such as the increasing prevalence of heart diseases and rising therapeutics demand are estimated to drive the market growth during the forecast period. Additionally, advancements in diagnostic and treatment technologies boost the market. However, low awareness and lack of healthcare services in the middle and low-income countries are estimated to restrain the market growth during the projected period.

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Coronary Stent Market Segmentation:

The global coronary stent market is segmented on the basis of type, mode of delivery, material, and end-user. On the basis of type, the market is segmented into bare-metal stents, drug-eluting stents, and bio absorbable stents. On the basis of mode of delivery, the market is segmented into balloon-expandable stents and self-expanding stents. On the basis of material, the market is segmented into metallic stents, cobalt chromium, platinum chromium, nickel titanium, stainless steel, and others. On the basis of end-user, the market is segmented into hospitals and clinics, cardiac centers, ambulatory surgical centers, and others.

Coronary Stent Market Major Key Players:

BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), Medtronic plc (Ireland), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), and Translumina GmbH (Germany), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.),STENTYS SA (France), Biosensors International Group, Ltd. (Singapore), Kyoto Medical Planning Co. Ltd. (Japan), Elixir Medical Corporation (U.S.), and Reva Medical Inc. (U.S.), and others.

Coronary Stent Market Regional Analysis:

The Americas dominates the global coronary stent market owing to the increasing prevalence of heart diseases and presence of a well-developed healthcare sector within the region. Moreover, the increasing healthcare expenditure and presence of key players within the regional boundaries provide a favorable background for market growth.

Europe is the second largest in the global coronary stent market. Factors such as increasing availability of funds for research and a huge patient population followed by a well-developed healthcare sector drive the market within the region.

Asia Pacific is estimated to be the fastest growing market for coronary stents. This can be attributed to the presence of developing economies such as India and China and increasing patient population. Moreover, the increasing healthcare expenditure and a rapidly developing healthcare sector boost the market growth within the region.

On the other hand, the Middle East and Africa has the least share in the global coronary stent market due to low per capita healthcare expenditure and stringent government policies, especially within the Africa region. It is estimated that the Middle East holds a majority of the market within the Middle Eastern and African region.

Major Table of Contents For Coronary Stent Market Research Report – Forecast to 2023:

Report Prologue
Market Introduction
2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Research Methodology
3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Market Dynamics
4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Market Factor Analysis
5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

5.1.2 Bargaining Power Of Buyers

5.1.3 Threat Of New Entrants

5.1.4 Threat Of Substitutes

5.1.5 Intensity Of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

TOC Continued…!

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Last Updated June 14, 2018