Global Coronary Stents Market: Description
This report studies the current as well as future prospects of the coronary stents market globally. At present, there are several individuals around the world who require percutaneous coronary interventions (PCIs) due some form of coronary artery diseases (CADs), such as angina pectoris and acute myocardial infarction, regardless of their gender, age or geographic location. There are various types of coronary stents currently available worldwide, which are utilized during PCIs for treating CADs. Coronary stents are tubular structures, which are majorly made of thin mesh of metal wires, and many a time covered with a biodegradable material that contains the drug. However, at present whole stents that are made of a biodegradable material that wholly gets absorbed in the tissues over time are also available in the global market. This report comprises an elaborate executive summary, which includes a market snapshot that provides overall information of various segments and sub-segments that are contained in the report. It also provides an overall information and data analysis of the global coronary stents market with respect to market segments based on product type as well as geographic regions.
The market for coronary stents is categorized into three major segments, namely, bare metal stents (BMS), drug eluting stents (DES) and bio-absorbable stents. Each of the market segments has been extensively analyzed based on their commercial existence, efficacy, sales revenue and geographic presence. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019. The report also provides compounded annual growth rate (CAGR %) for each market segment for the forecast period 2013 to 2019, considering 2012 as the base year.
Browse Market Research Report:
Coronary Stents Market: Segment
The market for coronary stents can be broadly classified into three major segments, namely, bare metal stents (BMS), drug eluting stents (DES) and bio-absorbable stents. In 2011, the drug eluting stents segment held the largest share of the global coronary stents market, followed by the bare metal stents market. During the forecast period 2013 to 2019, the demand for bare metal stents is expected to be low and its overall growth will be offset by the increasing demand for other stent variants, mainly bio-absorbable stents. The bio-absorbable stents market has been predicted to be the fastest growing segment during the forecast period.
Some of the major factors that will be responsible for the growth of global coronary stents market during the forecast period include increasing prevalence of various coronary artery diseases, rising demand for new and advanced coronary stents, aging population and increasing obesity rates. According to World Health Organization (WHO) estimates, around 17.3 million people died from cardiovascular diseases in 2008 and it is expected that each year more than 23.3 million people will die due to cardiovascular diseases; this trend is predicted to continue till 2030. Among cardiovascular diseases, CADs are responsible for the highest number of deaths worldwide. However, according to the CDC, U.S., the number of deaths due to CADs has started decreasing due to increase in the number of PCIs being performed by using a range of coronary stents available in the global market.
North America holds the largest share in the global coronary stents market in terms of revenue. The key factor responsible for the dominance of this region in the global coronary stents market was that the top players of this market are domiciled in the U.S., where they introduce their product and gain early-bird advantage in the market. Europe is the second largest market for coronary stents, followed by Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing regional market for coronary stents. The market growth in this region will be majorly attributed to the increasing incidences of various CADs, high unmet needs of the patient pool, increasing awareness as well as affordability of the patient population of this region and increasing penetration by U.S. and Europe-based coronary stent manufacturers.
Fill the form for an exclusive sample of this report:
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
Browse market research blog: https://tmrresearch.blogspot.com/