Asia-Pacific to continue to lead the global coronary stent market by 2025 – GMI Research

November 02 18:30 2018

The global coronary stent market was valued at USD 5,753.7 million in 2017, and is expected to reach USD 8,365.3 million by the end of 2025, growing at a CAGR of 5.6% during 2018–2025
Global Coronary Stent Market, By Product Type (Dual Therapy Stent, Bioresorbable Stent, Bioengineered Stent, Drug Eluting Stent and Bare Metal Stent), By Material (Metallic Stent, Polymer Stent and Copolymer Stent), By End User (Hospitals, Cardiac centers and Ambulatory Surgical Centers) and Geography – Opportunities & Forecast, 2018–2025

The global coronary stent market exhibited a value of USD 5,753.7 million in 2017, and is expected to reach USD 8,365.3 million by 2025, growing at a CAGR of 5.6% during 2018–2025. The key factors boosting growth of the market are minimally invasive interventional procedure which is alternative to bypass surgery, innovations and technological advancement in stent technology and increasing patients’ disposable income and government insurance coverage in the emerging markets.

Download Sample Brochure : https://www.gmiresearch.com/sample-research-report.php?rid=127

Furthermore, increasing adoption of coronary stent in minimally invasive interventional surgery, growing incidence of cardiovascular diseases, rising technological advancement and spending on healthcare facilities across the globe have led to the burgeoning market growth of coronary stent.

Drug-eluting stent dominates the global coronary stent market. In 2017, more than one-third of the market share was held by the drug-eluting stent. However, the highest growth rate is expected to be witnessed by the bioresorbable stent over the aforementioned forecast period owing to growing adoption among healthcare professionals and patients due to its characteristics of high stability and biodegradable properties.

Technological advancements in biomaterial industry and increasing research & development activities are likely to drive the growth of these segments; thereby, boosting the coronary stent market growth during the forecast period. Bioresorbable stent and the third generation of DES with biodegradable polymer/polymer-free coatings are emerging stent technologies in the coronary stent market.

“Market leaders consistently indulge in research & development activities to keep leadership in the competitive coronary stent market. For example: Abbott introduced next generation of most widely used heart stent for people with coronary artery disease in Europe”
— GMI Research

For Sample Pages & Detailed Report Description Visit : https://www.gmiresearch.com/report/global-coronary-stent-market-2018-2025-share-stent-material-cad-cdc-trends-artery.html

Based on geography, Asia-Pacific held the largest share in the market in 2017 on account of large patient pool, high volume of minimally invasive interventional procedure and growth in medical tourism. In addition, there has been a rise in incidences of coronary artery diseases and; hence, increased government and private funding on healthcare infrastructure.

Key takeaways:
•    In 2017, the drug eluting stent captured more than one third of the market share
•    Abbott, Boston Scientific, and Medtronic are the leading players holding approximately around one third of the market share
•    Asia-Pacific held the largest share in the market in 2017

Some of the key players operating in the global market for coronary stents include Abbott Laboratories, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Biosensors International Group, Ltd, Medtronic plc, MicroPort Scientific Corporation, Biotronik SE & Co. KG among others.

The global coronary stent market has been segmented on the basis of product type, material type, end user and key geographies. Based on product type, the coronary stent market comprises of dual therapy stent, bioresorbable stent, bio engineered stent, drug eluting stent and bare metal stent.
Based on material, the coronary stent market comprises of metallic stent, polymer stent and copolymer stent. The end user segment includes, hospital, cardiac centers and ambulatory surgical centers.

The research report on coronary stent market provides in-depth analysis of the global coronary stent market based on product type, material, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by the market participants. The research report also provides market size and forecast for coronary stent market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

Buy Premuim Reoprt @ https://www.gmiresearch.com/buy-research-report.php?rid=127&licence=singaluser

 

About GMI Research

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth. 

 

Our Customized Research (Market Intelligence and Competitive Intelligence) Offerings

Our clients rely on us for the range of our services to give them the intelligence they need to act decisively. GMI Research offers in-depth market and competitive intelligence solutions by leveraging its industry knowledge and experience to provide accurate insights with a complete picture of the market and competition. To know more about our product offering click on the below link:

https://www.gmiresearch.com/productservices/marketcompetitiveintelligence.html

 

Our Company Profile Solution

Company Profiles provide an insight on competitors, customers, and potential suppliers. We at GMI Research understands that the standard or on shelf company profiles provides little help when it comes to business decision making as it doesn’t cover the information required by the clients.

We have developed a range of company profiles solution to meet our client’s specific business requirements irrespective of their role and the industry they operate in. Our company profiles solutions fit into our client’s business requirements because it provides our client’s with a broader choice of profiles:

https://www.gmiresearch.com/productservices/companyprofiles.html

 

 

Media Contact
Company Name: GMI RESEARCH
Contact Person: Media Relations
Email: Send Email
Phone: +353 1 442 8820
Address:Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate
City: Dublin
Country: Ireland
Website: www.gmiresearch.com

view more articles

About Article Author