Coronary stents may be used to prevent sudden death from heart attacks and strokes, although it is often used primarily to prevent heart attacks caused by coronary vasculitis. Coronary stent placement can help reduce blood buildup in and around the heart. Although this is the primary reason for having a heart attack, increased blood buildup is also an indication of having an atherosclerotic disease (AD).
Increasing incidence of coronary artery disease is expected to drive growth of the global coronary stents market. According to the Centers for Disease Control and Prevention (CDC), in 2017, around 365,914 people die due to CAD with around 18.2 million adults in the U.S. of age 20 years and above have CAD. Furthermore, 2 in 10 deaths from CAD happen in adults aged 65 years and below. Hypertension and tobacco smoking are major risk factors of coronary artery disease in the U.S. Stents are often used to treat coronary arteries that supply the heart with oxygen-rich blood. Furthermore, stents hold open the narrowed arteries to allow an appropriate amount of blood to flow to the heart. Hence, such factors are expected to drive growth of the global coronary stents market. Furthermore, increasing demand for minimally invasive procedures is expected to propel the global coronary stents market growth in the near future.
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Stringent regulations on product approval and availability of alternative treatment methods for CAD are expected to restrain growth of the global coronary stents market. However, the advent of bioresorbable vascular scaffolds and untapped potential in emerging markets can provide major business opportunities in the global coronary stents market in the near future. Among regions, North America is expected to witness significant growth in the global coronary stents market. This is owing to increasing cases of lifestyle diseases such as stroke and heart attack. According to CDC, over 795,000 people in the U.S. have a stroke every year. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to growing healthcare awareness and improving healthcare infrastructure in emerging economies.
Major companies involved in the global coronary stents market are Abbott Laboratories, Translumina GmbH, B. Braun Medical Inc., Terumo Corporation, Biosensors International Group Ltd, Medtronic plc, Biotronik SE & Co. KG, Cook Medical Technologies, and Boston Scientific Corporation.
For instance, in October 2020, Biosensors International Group Ltd received the CE Mark for BioFreedom Ultra, their new drug-coated coronary stent system.
By Product Type:
- Bare-Metal Stents
- Drug Eluting Stents
- Bioabsorbable Stents
- Stainless Steel
- Silicon Carbide
- Titanium Nitride Oxide
- Cobalt Chromium
- Platinum Chromium
- Non-degradable/Permanent Stents
- Degradable/Temporary Stents
By End User:
- Specialty Clinics
- Ambulatory Surgical Centers
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If opting for the Global version of Coronary Stents Market analysis is provided for major regions as follows:
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Reasons to Purchase this Report
Current and future of global Coronary Stents market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Major Point Answered in Coronary Stents Market Research Study are:
What will be the progress rate of the Coronary Stents Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Coronary Stents Market across different regions?
Who are the major vendors dominating the Coronary Stents industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Coronary Stents Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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