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Coronary Stent Market: Global Forecasts until 2021

  • March 2017
  • 152 pages
  • ID: 4773676
In this report:
North America commanded the largest share of the coronary stents market in 2016; it is expected to grow at a CAGR of ##.##% to reach USD ##,##.## billion by 2021
Moreover, Boston Scientific (U.S.) increased its emerging market mix from ##% of total sales in 2013 to ##% of total sales in 2014.
France's expenditure on healthcare (as a part of its GDP) increased from ##.##% in 2012 to ##.##% in 2013, as per WHO.

Summary

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The overall coronary stent market is forecasted to reach ~$10.3B by 2021 from ~$7.2B in 2016, at a compound annual growth rate (CAGR) of 7.60 percent from 2016 to 2021

Top factors providing to the increase of the overall coronary stent market contain technological improvements, growing number of percutaneous coronary intervention procedures, growing burden of CAD, growing demand for minimally invasive procedures, and increasing geriatric population. Also, development of bioresorbable vascular scaffold and development in emerging industries offer significant increase opportunities in the sector offer significant increase opportunities in the industry. Nevertheless, alternative treatment methods for CAD, stringent regulations for product approval, and numerous cases of product failure and product recall may hinder the increase of this market during the estimate period.

Different firms are focusing on technological improvements to enhance the coronary stents offerings. Firms such as Biosensors International Ltd., Abbott Laboratories, and Boston Scientific focused on developing biodegradable and bifurcated stents to deal with concerns about thrombosis caused by long-term device implantation. For example, in May 2014, Boston Scientific launched the Promus PREMIER Everolimus-eluting Platinum Chromium Coronary Stent System in Japan (JP). Presently, the coronary stents market is attesting a new phase of technological developments, with the launch of fully dissolving stents. In July 2016, Abbott Laboratories received U.S. FDA approval to commercially launch its Absorb bioresorbable heart stent. Absorb is the only fully dissolving stent approved for the treatment of CAD.

Asia continent is forecasted to be quickest-increasing area in the coronary stent market during the outlook period. Important rise in this zone can be accredited to Elements such as big population base, increasing prevalence of cardiac diseases, growing adoption of advanced technologies, and low manufacturing costs in the territory. Furthermore, the increasing focus of main actors in this area is forecast to boost the coronary stents market in Asia area.

Segment Research

This industry is clasified on the basis of class, mode of delivery, material, final user, and area. Apart from comprehensive geographical study, product review, and sizing of market, the analysis also offers a competitive analysis that includes increase strategies approved by sector actors in the last three years. Additionally, the corporation reviews include basic views on the top players and their products review, advancements, and strategies approved. The abovementioned market research data, current market sizes, and projection of future trends will facilitate top players and new sector entrants make informed decisions regarding product offerings, spatial focus, changes in strategic way, Research and development investments for modernizations in products and technologies, and levels of output in order to remain profitable.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations collect greater segment market share. Companies obtaining the industry report can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the product portfolios of top actors in the coronary stent market. The analysis examines this sector by category, mode of delivery, material, end-user, and area

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the coronary stent market

- Opposing assessment: In-depth assessment of market strategies, geographical and industry segments, and product review of the main players in the coronary stent market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the sector for coronary stent across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the coronary stent market

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