Coronary Stents Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025
Category: #health  By Partha Ray  Date: 2019-08-02
  • share
  • Twitter
  • Facebook
  • LinkedIn

Coronary Stents Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025

The rising prevalence of a sedentary lifestyle has had a positive impact on the coronary stents market share pertaining to the surging prevalence of heart-related diseases that have been fueling the need for several surgeries. Lifestyle changes have led to a spur in the obese population and the number of people suffering from chronic ailments such as cardiovascular disorders. As the demand for coronary stents for heart surgeries has been depicting an upsurge, healthcare companies have been developing sustainable and affordable products that will help them to gain competitive benefits. The increasing focus of players involved in the coronary stents market toward the development and commercialization of bio-resorbable polymer technologies for vascular applications is also slated to push industry trends.

In line with healthcare product manufacturing companies, regulatory bodies have also been playing a crucial role related to the clinical trials, commercial operations, financial support, and pipeline product development. For instance, in 2016, U.S. Food and Drug Administration has given the approval for the use of bio-resorbable stents for treating coronary artery diseases. Before sanctioning the clinical permission, the FDA undertook a clinical trial to check its applicability while treating the patients with a major advanced cardiac issue. As per estimates, every year, nearly 370,000 people lose their lives due to coronary heart diseases in U.S. In this regard, the recent approval for the bio-resorbable stent to treat coronary artery diseases is likely to generate lucrative opportunities for coronary stents market contenders. Reportedly, with the growing prevalence of coronary artery disease, bioresorbable vascular scaffold (BVS) based coronary stents industry is likely to register a CAGR of 7.6 percent over 2018-2024.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2966

Though advanced clinical facilities have been deployed in U.S. on a large scale, the high prices of the coronary stents as compared to the other countries have been encouraging the government to implement a slew of supportive policies. Some of the governmental agencies have also been studying technology related policies to control the prices of cardiac devices. The supportive stand taken by the regional governments will turn out to be rather beneficial for companies, as they are encouraged to get involved in the development of cost-effective medical technologies. The deployment of supportive medical facilities along with the growing popularity of minimally invasive treatments are poised to enhance the U.S. coronary stents market trends. Regionally, U.S. accounted for nearly USD 2331.8 million of North America coronary stents market share in 2017.

In order to deal with the issues related to the prices of cardiac devices, most of the countries have been striving to develop in-house medical devices with the help of local healthcare companies. As coronary artery disease is one of the leading causes of mortality across the globe, the tactics adopted by the regional government to curb the number of heart attacks by boosting the availability of affordable medical facility across the country will have a significant impact on the product demand. Validating the aforementioned fact, recently, a medical company based in Vietnam has developed stents in collaboration with hospitals. The Vietnamese healthcare organizations have claimed that the coronary artery made in Vietnam has emerged fruitful for the patients pertaining to its positive results after completion of surgery. In addition, the advent of a new stent will cut approximately 30 to 40 percent of the device cost that will ultimately reduce the financial burden for patients.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/2966

The ongoing innovations related to the advancement of coronary stents around the world are likely to have a notable influence on the coronary stents industry outlook. The extensive support of healthcare regulatory bodies and regional governments to increase the availability of highly advanced medical facilities at an affordable cost will fuel the product demand over the years ahead. Reportedly, the overall coronary stents market will surpass a revenue collection of USD 11.9 billion by the end of 2024.

Table of contents

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1.  Secondary

1.4.1.1.    Paid sources

1.4.1.2.    Unpaid sources

1.4.2.  Primary

Chapter 2. Executive Summary

2.1. Coronary stents market industry 3600 synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  End-user trends

2.1.4.  Regional trends

Chapter 3. Coronary Stents Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1. Rising burden of coronary artery disease in U.S.

3.3.1.2.    Increasing demand for minimally invasive procedures

3.3.1.3.    Technological advancements in developed economies

3.3.1.4.    Pricing control of coronary stents in Asia Pacific region

3.3.1.5.    Rising geriatric population in developing economies

3.3.2.  Industry pitfalls & challenges

3.3.2.1. Product failure and product recall

3.3.2.2.    Stringent regulatory scenario in developed countries

3.3.2.3.    Dearth of skilled healthcare professionals in developing economies

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By end-user

3.5. Regulatory landscape

3.6. Technology landscape

3.7. Porter’s analysis

3.8. Competitive landscape, 2017

3.8.1.  Strategy dashboard

3.9. PESTEL analysis

Chapter 4. Coronary Stents Market, By Product

4.1. Coronary stents market share by Product, 2017 & 2024

4.2. Drug eluting stents (DES)

4.2.1.  Market size, by region, 2013 – 2024 (USD Million)

4.3. Bare metal stents (BMS)

4.3.1.  Market size, by region, 2013 – 2024 (USD Million)

4.4. Bioresorbable vascular scaffold (BVS)

4.4.1.  Market size, by region, 2013 – 2024 (USD Million)

Chapter 5. Coronary Stents Market, By End-user

5.1. Coronary stents market share by procedure, 2017 & 2024

5.2. Hospitals

5.2.1.  Market size, by region, 2013 – 2024 (USD Million)

5.3. Cardiac centers

5.3.1.  Market size, by region, 2013 – 2024 (USD Million)

5.4. Ambulatory surgical centers

5.4.1.  Market size, by region, 2013 – 2024 (USD Million)

5.5. Others

5.5.1.  Market size, by region, 2013 – 2024 (USD Million)

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Composite metal finishing market size is expected to show significant growth over the forecast period
Composite metal finishing market size is expected to show significant growth over the forecast period
By Partha Ray

Asia Pacific region will capture a significant market share in composite metal finishing market owing to fast pacing industrialization and increasing manufacturing activities. This region accounted for more than half of worldwide automotive productio...

Environmental hazard monitoring software market- Global Industry Forecast Report 2025
Environmental hazard monitoring software market- Global Industry Forecast Report 2025
By Partha Ray

North America held a significant industry share in 2018 and is estimated to dominate the Environmental hazard monitoring software market share over the forecast timeline due to the recent increase in the frequency of environmental hazards such as cyc...

Automated Guided Vehicle Market 2019: Overview and Share Forecasted to 2025
Automated Guided Vehicle Market 2019: Overview and Share Forecasted to 2025
By Partha Ray

The material handling equipment demand in the automated guided vehicle market is increasing to aid operational efficiency in the industrial processes and increasing labor costs. Work safety initiatives across various manufacturing industries and the ...