An Incisive, In-depth Analysis on the Coronary Stents Market
This study offers a comprehensive, 360 degree analysis on the Coronary Stents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Coronary Stents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Factors Shaping the Coronary Stents Market
Increasing prevalence of coronary artery diseases (CAD)
Increasing prevalence of coronary artery disease is fuelling the demand for interventional cardiology treatment. Patients suffering from long-term CAD are opting for angioplasty as first line of treatment.
According to National Centre for Health Statistics, every year 1 in 4 deaths in the U.S. are caused due to coronary artery diseases (CAD) and approximately 785,000 people in the U.S. suffer from their first heart attack and 470,000 suffer from myocardial infraction. This due to changing lifestyle habits, smoking, pollution and other factors. This increasing prevalence of coronary artery diseases and higher healthcare expenditure in lower middle income countries is projected to boost growth of the global coronary stents market over the forecast period.
Increasing Prevalence of Obesity
Increasing global ageing population is resulting in an increasing patients pool with major cardiovascular diseases. Also, hypertension is emerging as a major public health concern. Aged individuals are more prone to various cardiovascular diseases due to high total serum cholesterol level.
Also, obesity is one of the major risk factors responsible for various cardiovascular diseases worldwide. Excessive weight or obesity causes abnormal or excessive accumulation of fats inside the artery lumen that causes several health problems such as coronary heart diseases. Hence, weight loss and obesity management is an integral parameter to avoid any kind of cardiovascular disease. According to WHO estimates, each year, 2.8 million deaths across the globe are due to diseases caused by obesity. Thus, increasing ageing and obese population are major factors expected to fuel growth of the global coronary stents market over the forecast period.
Increasing Number of Stenting Procedures
Added advantages of stenting procedures include substantial improvement of blood flow and prevention of further damage to the heart muscle. It also helps in improving the symptoms of heart disease, such as angina and shortness of breath thereby, reducing need for coronary bypass surgery. Thus, surgeons prefer stenting, as it is a minimally invasive procedure and post-operative recovery is relatively fast.
Patients suffering from coronary artery blockage are prescribed coronary stenting. Angioplasty is the first line of treatment for patients suffering from acute coronary artery blockages. Number of patients undergoing stenting has been increasing steadily over the last decade. This is due to emergence of outpatient coronary stenting procedure, which reduces long hospital stays. Further, usage of bioabsorbable coronary scaffolds in coronary blockage has proven more benificial over drug eluting stents.
Therefore, increasing number of cardiologists referring stenting procedures for patients suffering from CAD is a major factor expected to fuel revenue growth of coronary stents market in the near future.
Coronary Stents Market Structure Analysis
- Tier I companies in the coronary stents market include Abbot Vascular, Medtronic Inc., Terumo Corporation, Boston Scientific and few other key players.
- Companies in implantable cardiovascular devices market in U.S. are actively involved in mergers and acquisitions. The implantable cardiovascular device manufacturers have started taking the strategic decisions to engage in mergers and acquisitions to strengthen their product portfolio and increase their brand share in the market.
FAQ About the Market Coronary Stents Market
How the market is expected to grow in forecast period?
The market is expected to grow at a moderately high CAGR of 7% during the forecast period.
Which product is expected to impacting growth of the market?
Drug eluting stent segment is expected to create a lucrative growth opportunity for the growth of the coronary stent market owing to the rising number of infections globally
Which key countries offer lucrative growth opportunities?
APEJ is expected to lead the growth of the coronary stent market owing to the large patient pool in the region.
Which companies dominating the market?
Companies like Boston Scientific Inc., Medtronic, Terumo Corporation are the one that dominate the market.
Future Market Insights offers a 10-year forecast of the global coronary stents market in a new report titled “Coronary Stents Market: Global Industry Analysis and Opportunity Assessment, 2016-2026”. Our study demonstrates key market dynamics and trends likely to impact the current status and future growth prospects of the global coronary stents market for the period 2016 – 2026. The primary objective of the report is to offer updates and information related to market opportunities in the global coronary stents market.
This report provides a detailed segmentation wise and region wise market analysis of the global coronary stents market. We have included an extensive analysis of key industry drivers, restraints, market trends, market structure, and other macro-economic factors influencing the growth of the global coronary stents market; and have provided a comprehensive assessment of stakeholder strategies and imperatives for business success. The report begins with an overview of the global coronary stents market followed by an analysis of the drivers, restraints, trends, opportunities, value chain analysis, and pricing analysis. To understand and assess opportunities in the global coronary stents market, we have categorised the report into different sections based on market segmentation – by Product Type, by End Use, by Raw Material, and by Region. The subsequent sections analyse the global coronary stents market based on product type, end use, raw material, and region and provide a comprehensive forecast in terms of value for the next 10 years.
In the final section of the report, we have included a competitive landscape to provide a dashboard view of key companies operating in the global coronary stents market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global coronary stents market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. This section also includes detailed profiles of leading players dominating the global coronary stents market with an analysis of their strengths, weaknesses, opportunities, and threats and an evaluation of their short-term and long-term strategies.
We have conducted in-depth primary and secondary research to ascertain the overall market size of the global coronary stents market, top industry players, top products, industry associations, etc. The forecast presented in the report assesses the total revenue by value across the global coronary stents market and to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global coronary stents market is likely to develop in future.
Given the characteristics of the global coronary stents market, we have triangulated the data gathered through comprehensive primary and secondary research and further scrutinised it using advanced tools to acquire useful qualitative and quantitative insights. Our forecasts are not only in terms of CAGR, but also factor in an in-depth analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global coronary stents market. Further, we have analysed the different segments of the global coronary stents market in terms of Basis Point Share to understand individual segments’ relative contribution to overall market growth. This detailed level of information is important to identify the key trends impacting the global coronary stents market.
Another important feature of our report is the analysis of the global coronary stents market in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve in the global coronary stents market, as well as to identify potential resources from a sales and delivery perspective. To understand key segments in terms of their growth and performance in the global coronary stents market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global coronary stents market.