Coronary Stent Market is forecasted to grow at 7.2% for 2019 to 2026 to an estimated value of USD 13.60 billion by 2026 with factors such as high product recalls and strict government rules & norms associated with the approval process of stent hampering the market growth.
Coronary stent market has shown a significant adoption rate and preferences from the North America region. Increasing cases of heart diseases and rising ageing population in the region further the adoption and demand rate for coronary stent.
According to Data Bridge Market Research the coronary stent market in developing regions is witnessing a growth in terms of its adoption rate, due to rising cases of coronary artery disease. Government is also making investment in the coronary stent which is also expected to drive the market growth. On the other hand, rising ageing population, advancement in medical technologies and increasing number of percutaneous coronary intervention (PCI) procedure are the factors which will affect the growth of the coronary stent in the forecast period of 2020 to 2027.
Now the question is which are the regions that coronary stent market players should target? Data Bridge Market Research has forecasted market leaders to target North America developing regions to help them in attaining better volume of revenue generation.
Coronary stent market is becoming more competitive every year with drug eluting stent sector currently being the largest market type for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the coronary stent market.
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Terumo Corporation announced the acquisition of Essen Technology (Beijing) Co., Ltd., in January 2019. This acquisition will help the company so they can enhance their reach and also strengthen their market position. With this the company will be expanding their interventional system business.
STENTYS announced the acquisition of MINVASYS in April 2019. This acquisition will allow the company to strengthen them in interventional cardiology business and will also help them to offer better services and products to their customer.
The Global Coronary Stent Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
All country based analysis of the coronary stent market is further analysed based on maximum granularity into further segmentation.
On the basis of type, the coronary stent market is divided into dual therapy stent, bioresorbable vascular scaffold, bio-engineered stent, bare metal stent and drug eluting stent. The absorption rate is also segmented on the basis of slow-absorption DES and fast-absorption DES. The material segment of the coronary stent market is divided into stainless steel, cobalt alloy metal, gold, tantalum, and nitinol polymers. The rate segment is also divided into slow rate absorption and fast absorption stents. On the basis of application, the coronary stent market is segmented into coronary artery disease and peripheral coronary disease. On the basis of end- users, the coronary stent market is divided into hospitals, cardiac centers and other.
A coronary stent is a tube-shaped system which is specially designed so that they can be inserted in the coronary arteries which provide the heart with blood to keep the arteries open in the diagnosis of heart disease. They are mainly used in the percutaneous coronary intervention procedure. Some of the common types of the coronary stents are dual therapy stents, drug eluting stent, bio- engineered stent, and bare metal stent.
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Key Pointers Covered in the Coronary Stent Market Industry Trends and Forecast to 2026
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of coronary stent companies, contact https://www.databridgemarketresearch.com/reports/coronary-stents-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Coronary Stents Market – Industry Trends - Forecast to 2026