#Absorbable Heart Stent Market Forecast

[gqresearch24]

Absorbable Heart Stent Market Dynamics: Technological Advancements and Consumer Preferences | GQ Research

The Absorbable Heart Stent market is set to witness remarkable growth, as indicated by recent market analysis conducted by GQ Research. In 2023, the global Absorbable Heart Stent market showcased a significant presence, boasting a valuation of US$ 2.78 billion. This underscores the substantial demand for Absorbable Heart Stent technology and its widespread adoption across various industries.

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Projected Growth: Projections suggest that the Absorbable Heart Stent market will continue its upward trajectory, with a projected value of US$ 4.6 Billion by 2030. This growth is expected to be driven by technological advancements, increasing consumer demand, and expanding application areas.

Compound Annual Growth Rate (CAGR): The forecast period anticipates a Compound Annual Growth Rate (CAGR) of 7%., reflecting a steady and robust growth rate for the Absorbable Heart Stent market over the coming years.

Technology Adoption:

The absorbable heart stent market has witnessed a gradual but steady adoption rate since its inception. Initially, there were reservations regarding the efficacy and safety of absorbable stents compared to traditional metal stents. However, as clinical trials demonstrated comparable outcomes and advantages such as reduced risk of long-term complications, adoption rates have increased. Healthcare providers are increasingly embracing absorbable stents due to their potential to mitigate issues associated with permanent implants, such as late thrombosis and interference with future interventions.

Application Diversity:

The diversity in applications of absorbable heart stents is expanding, driven by advancements in materials science and medical technology. Initially developed for coronary artery disease, absorbable stents are now being explored for peripheral vascular interventions and structural heart procedures. Additionally, ongoing research is investigating their potential in pediatric cardiology and complex lesions. This diversification of applications underscores the versatility and adaptability of absorbable stent technology, opening up new avenues for patient care.

Consumer Preferences:

Consumer preferences in the absorbable heart stent market are evolving in tandem with increased awareness and education. Patients are becoming more proactive in their treatment decisions, seeking alternatives that offer improved safety profiles and reduced long-term risks. Consequently, there is a growing preference for absorbable stents among patients and healthcare professionals alike, especially in younger populations and those with concerns about the long-term effects of permanent implants. This shift in preferences is driving manufacturers to prioritize innovation and address consumer demands for safer and more effective treatment options.

Technological Advancements:

Technological advancements play a pivotal role in shaping the absorbable heart stent market landscape. Innovations in material science have led to the development of bioresorbable polymers with enhanced mechanical properties and biocompatibility. Furthermore, advances in imaging modalities and catheter-based delivery systems have improved procedural precision and patient outcomes. The integration of drug-eluting capabilities and bioactive coatings has also contributed to the refinement of absorbable stent technology, offering targeted therapy and reducing the risk of restenosis. Continuous research and development efforts are expected to drive further technological advancements, ushering in the next generation of absorbable heart stents.

Market Competition:

The absorbable heart stent market is characterized by intense competition among key players and emerging entrants. Established medical device companies are vying for market share through product differentiation, strategic partnerships, and acquisitions. Simultaneously, startups and research institutions are driving innovation with novel designs and manufacturing techniques. Regulatory approvals and clinical evidence play a crucial role in determining market competitiveness, with companies investing heavily in clinical trials and post-market surveillance to demonstrate the safety and efficacy of their products

Environmental Considerations:

Environmental considerations are increasingly influencing the absorbable heart stent market, reflecting broader trends towards sustainability and environmental responsibility in healthcare. The use of bioresorbable materials in stent manufacturing aligns with efforts to reduce the environmental impact of medical devices by minimizing the need for permanent implants and associated waste. Additionally, biodegradable polymers offer the potential for eco-friendly disposal post-procedure, reducing the burden on healthcare facilities and the environment.

Regional Dynamics: Different regions may exhibit varying growth rates and adoption patterns influenced by factors such as consumer preferences, technological infrastructure and regulatory frameworks.

Key players in the industry include:

Abbott Laboratories

Biotronik

Boston Scientific Corporation

Medtronic plc

Biotronik SE & Co. KG

Terumo Corporation

Meril Life Sciences Pvt. Ltd

Elixir Medical Corporation

The research report provides a comprehensive analysis of the Absorbable Heart Stent market, offering insights into current trends, market dynamics and future prospects. It explores key factors driving growth, challenges faced by the industry, and potential opportunities for market players.

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[rohanisblog]

Global Absorbable Heart Stent Market generated revenue of US$ 307.1 million in 2022 and is estimated to reach a valuation of US$ 822.7 million by 2031 at a CAGR of 12.02% during the forecast period, 2023–2031.

Key Players in the Market Report 

Abbott Laboratories

Arterial Remodeling Technologies

B. Braun Melsungen AG

Biotronik

Boston Scientific Corporation

Elixir Medical Corporation

Kyoto Medical Planning

Medtronic

Meril Life Sciences Pvt. Ltd

Reva MedicalTerumo Medical Corporation

Lepu Medical Technology Co.

Other Prominent Players

[report-1]

Absorbable Cardiac Stent Market Size, Type, segmentation, growth and forecast 2023-2030

Absorbable Cardiac Stent Market

The Absorbable Cardiac Stent Market is expected to grow from USD 2.30 Billion in 2022 to USD 3.10 Billion by 2030, at a CAGR of 3.90% during the forecast period.

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Absorbable Cardiac Stent Market Size

The absorbable cardiac stent market research report provides a comprehensive analysis of the market segmented by type (polymer, biomaterials), application (acute myocardial infarction, unstable angina, angina pectoris), region (North America, Asia Pacific, Middle East, Africa, Australia, and Europe), and key market players (Abbott Laboratories, Biotronik, Arterial Remodeling Technologies, Amaranth Medica, Kyoto Medical Planning, Elixir Medical Corporation, Reva Medical). These stents are made of bioabsorbable materials and dissolve over a period of time, reducing the risk of restenosis and the need for permanent stent implantation. The report also covers regulatory and legal factors specific to market conditions, such as the approval process and patent protection, affecting the growth of the absorbable cardiac stent market. The increasing prevalence of cardiovascular diseases, technological advancements in stent manufacturing, and rising healthcare expenditure are some major driving factors for the market growth.

Absorbable Cardiac Stent Market Key Player

Abbott Laboratories

Biotronik

Arterial Remodeling Technologies

Amaranth Medica

Kyoto Medical Planning

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Absorbable Cardiac Stent Market Segment Analysis

The Absorbable Cardiac Stent target market is primarily composed of patients suffering from coronary artery disease who require stent placement for restoring blood flow to the blocked arteries. This segment is expected to witness substantial growth due to the rising prevalence of cardiovascular diseases and the increasing demand for minimally invasive procedures that offer better recovery times and fewer complications.

The major factors driving revenue growth in the Absorbable Cardiac Stent market include the growing adoption of absorbable stents owing to their superior clinical outcomes, the increasing disposable income in developed countries, and the advent of advanced manufacturing techniques and material innovations.

The latest trends followed by the Absorbable Cardiac Stent market are the development of next-generation stents that address the limitations of existing products, the expansion of product portfolios by manufacturers through strategic collaborations and acquisitions, and the increasing focus on emerging markets for growth opportunities.

The major challenges faced by the Absorbable Cardiac Stent market include the high cost of treatment, the limited reimbursement coverage for absorbable stents in some countries, and the stringent regulatory requirements for clinical trials and product approvals.

The report's main findings suggest that the Absorbable Cardiac Stent market is poised for significant growth during the forecast period due to the growing demand for advanced cardiovascular devices and the rising incidence of heart diseases worldwide. The report recommends that manufacturers focus on enhancing product efficacy, improving clinical outcomes, and expanding their product portfolios to gain a competitive edge in the market. In addition, the report suggests that healthcare policymakers should take steps to improve reimbursement coverage and incentivize the adoption of absorbable stent technologies to facilitate wider access to these products.

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Market Segmentation (by Application):

Acute Myocardial Infarction

Unstable Angina

Angina Pectoris

Information is sourced from www.reportprime.com

[swarajya7793]

Significant COVID-19 Impact on Absorbable Heart Stent | Healthcare Industry

Impact of COVID-19 on Absorbable Heart Stent in Healthcare Industry 

Coronavirus disease 2019 (COVID-19), also known as SARS-CoV-2 or 2019-nCoV, is a human infectious disease caused by the coronavirus that causes severe acute respiratory syndrome. COVID-19 was declared a pandemic by the world health organization due to the rapid rise in human infection rates. The COVID-19 pandemic has influenced the whole planet with its major impacts on the economy and businesses across the globe. Though the emergence of the virus can be traced back to Asia, many European countries along with the U.S. have been struck massively by the pandemic. The virus has spread across all regions ranging from North America, Europe, Asia-Pacific, Middle East, and Africa up to South America. After the declaration of the pandemic, various countries announced the complete lockdown such as India, China, and other Asian countries to decrease its spread. According to the latest situation report by World Health Organization (WHO) stated 175 million cases of corona virus have been reported globally and 4 million patients are dead due to the coronavirus. On a slightly positive note, a total of 158 million people have recovered and a total of 2 million vaccine doses have been administered.

On March 11, 2020, the World Health Organization declared the coronavirus COVID-19 pandemic.

Coronavirus disease 2019 (COVID-19) is a worldwide pande0mic, and cardiovascular complications and arrhythmias in these patients are common. Cardiac monitoring is recommended for at-risk patients. The novel coronavirus pandemic has significantly impacted the timely delivery of surgical or stent treatment for patients with severe coronary vascular disease. This has created a large backlog of work and upstaging of disease with consequent increase in risk and cost of treatment and potential for worse long-term outcomes. As countries emerge from lockdown but with COVID-19 pandemic in society, precautions remain that restrict ‘normal’ practice. 

Stents are small, expandable tubes that treat narrowed arteries. Coronary artery stents are used to open the blockage of arteries or to expand the narrowing arteries, which helps to treat a heart attack, and reduce pain like chest pain. Absorbable Heart Stents are said to be “the fourth revolution” after balloon angioplasty, baremetal stents, and drug-eluting stents. As these provide mechanical support for a determined period and then disappear from the vessel, allowing its natural healing, and avoiding the risks associated with having a permanent metallic cage, such as stent thrombosis. The absorption of the stent could potentially lead to a recovery of the endothelial function of the vessel, making it responsive again to vasoactive agents. The potential benefits, including the decreased risk of stent thrombosis at long-term follow-up, one of the most feared complications of metallic stents, have led to absorbable stents, a field of growing interest in interventional cardiology.

The increasing prevalence of geriatric population and adoption of sedentary lifestyle along with the rise of obesity in people are driving the absorbable heart stent market as coronary artery diseases require appropriate surgeries for 'their treatment’. But there is a negative impact of COVID-19 on the absorbable heart stent market due to massive disruption of supply chains, and financial fragility forced manufacturers to shut down their industries as absorbable stents require high financial inputs for manufacturing.

For Instance,

·         According to the Center for Disease Control and Prevention (CDC), about 18.2 million US adults age 20 and older have CAD (about 6.7%), which has required appropriate treatment

·         According to the European Cardiovascular Disease Statistics 2017, each year, cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU)

Moreover, COVID-19 has made it more challenging for the manufacturing companies to bridge the losses and attempt to fulfil the demands during these times. The COVID-19 has impacted the business of manufacturers, and other service providers that are involved in absorbable heart stent devices.

STRATEGIC INITIATIVES FOR MANUFACTURERS

A large pool of the population affected by this COVID-19 virus, and its spread is expanding across the world in the last few months. To deal with the COVID-19 outbreak challenges, many market players are creating new strategies.

The key players engaged in providing products such as Medtronic, Boston Scientific Corporation, Abbott, Cook Group, Angiomed GmbH & Co. Medizintechnik KG face challenges to keep the growth during coronavirus and to maintain the demand and supply chain with proper protection of the employees.

For instance,

·         Medtronic focused on providing special protection and care to its employees. Its manufacturing and distribution facilities are routinely cleaned and sanitized, employees are utilizing personal protective equipment (PPE) and social distancing, including staggered breaks to reduce crowds in common areas, and additional screening and access protocols have been implemented.

·         Medtronic increased contributions to its Employee Emergency Assistance Fund, which is providing need-based financial grants to employees who are experiencing economic impact due to the COVID-19 pandemic, including childcare reimbursement.

·         Boston Scientific Corporation is providing extra precautions, including increased cleaning measures, social distancing protocols, and the use of face coverings for employees who work onsite, along with personal protective equipment (PPE) for employees in the workplace ensuring business continuity.

IMPACT IN DEMAND

The outbreak of the coronavirus has shown impacts on various markets around the world. It is the cause of lockdown and isolation, which ultimately has an impact on global economic activity. This is why the global epidemic has shrunk by 1.0% in the current year.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.

As heart patients are under suspection for higher exposure to COVID-19, demand for absorbable stents surges as companies are making efforts to provide help to healthcare systems to overcome the scarcity of stents while treating CAD. Absorbable stents are in high demand due to the high prevalence of interventional cardiology and peripheral vascular procedures amid the COVID-19 pandemic, which prevents the patient from staying in the hospital for long.

The clinical observations suggest that a person with heart disease has been more prone to COVID-19, which lead to clinical complications. Therefore, the government of various countries laid guidelines for special care, and treatment for heart patients. This has surged the demand for absorbable stents among people for early treatment of CAD to prevent complications of COVID-19.

For Instance,

·          According to an early bulletin released by the American College of Cardiology (ACC) on March 6, 2020, people who have underlying cardiovascular disease, have a higher mortality rate when it comes to COVID-19 (10.5 percent) than people who have an underlying chronic respiratory disease (6.3 percent)

·         According to the American Journal of the Medical Sciences, the COVID-19 mortality rate for people with pre-existing cardiovascular disease was between 10.5 and nearly 14 percent, and the number surged to between 35 percent and almost 87 percent for people who had underlying coronary artery disease

IMPACT ON PRICE

COVID-19 has forced the countries to impose lockdown and restrictions worldwide. This has affected many industries and economies. The total lockdown in various countries forbade the transportation of raw materials, and the business of service providers. So, manufacturing absorbable heart stent devices has become difficult, which directly impacted the prices largely.

For instance,

·         In 2020, National Pharmaceutical Pricing Authority (NPPA) has been approved to hike the prices of absorbable heart stent on seeing the current scenario and making it easy for the manufacturers.

IMPACT ON SUPPLY CHAIN

The COVID-19 outbreak has disrupted the supply chains for absorbable heart stents globally. The sudden outbreak of COVID-19 and its subsequent impact on restrictions on trade and development of goods has resulted in a shutdown of vast portions of the global economy, resulting in disrupted supply chains due to transportation cessation, which affected the manufacturing unit largely.

Companies in the arterial stents market are helping healthcare systems to stock inventory and medical devices in order to avoid supply shocks amidst the COVID-19 pandemic.

For instance,

·         According to FDA, there have been reported shortages of medical devices and equipment amid COVID-19 due to disruption of supply and service providers

·         According to Springer, 2020, many companies experienced dramatic exposure to supply chain disruptions during the pandemic and the subsequent lockdowns (Strange 2020) due to their reliance on offshore supplies

CONCLUSION

The COVID-19 has impacted the market positively. To summarize, the prices for this market has increased as manufacturing requires raw materials which have been disrupted amid COVID-19. The demand for absorbable heart stent market has been increasing due to the prevalence of geriatric population and adoption of sedentary lifestyle which leads to various coronary vascular diseases, but the supply chain and service providers are unable to satisfy the needs, and thus, have impacted largely. However, manufacturers, service providers, and the government are making new guidelines to work safely in the workplace in the new normal and combat the gap between demand and supply. Overall, various measures have been taken by the market players to improve their business and the quality of their services.

[healthcare-market]

Absorbable Heart Stent Market Estimated to Record Highest CAGR by 2024

Absorbable Heart Stent Market: Introduction

·         As the global health care industry undergoes reforms to convert the current fee-for-service model to a fee-for-value model, reduction in patient complications and the number and duration of hospital stays is being focused on. Interventional cardiology, in particular, is at a pivotal point, with remarkable advancements taking place in the device technology, operator techniques, and clinical safety and efficacy. Significant advances have been made in the treatment of coronary artery disease (CAD), which has started the era of absorbable heart stents. Moreover, the advent of absorbable heart stents has considerably changed and revolutionized the landscape of interventional cardiology and made angioplasties more predictable.

·         Bio-resorbable stents degrade completely within 6 months or a year. This leaves the blood vessel naturally healed. These stents can help reduce chronic inflammation of the artery and avoid use of the long-term antiplatelet therapy. Increase in awareness about advantages of absorbable heart stents over bare metal stents, new product launches, and regulatory approvals are likely to drive the demand for fully absorbable heart stents in the near future. For instance, in April 2017, Reva Medical received the CE mark for its Fantom drug-eluting scaffolds.

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Key Drivers and Restraints of Global Absorbable Heart Stent Market

·         Cardiovascular diseases is a major health concern, whose prevalence is increasing rapidly. Changing lifestyle, increase in the prevalence of obesity, and addiction to alcohol are various risk factors for the development of heart diseases. As per the American Heart Association, in 2018, cardiovascular diseases (CVDs) caused nearly 836,546 deaths in the U.S. In other words, one in every three deaths in the country was caused by CVDs in 2018. Furthermore, nearly 2,300 people in the U.S. die of cardiovascular diseases every day and CVDs is the leading cause of deaths in the U.S., followed by stroke and heart failure.

·         The prevalence of cardiovascular diseases in Europe is also increasing. According to the European Heart Network AISBL, in 2015, more than 85 million people in Europe were living with cardiovascular diseases and nearly 49 million people in the European Union had cardiovascular diseases.

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·         Increase in geriatric population is another major driver of the global market for absorbable heart stents. Hypertension, obesity, diabetes, tobacco smoking, dyslipidemia, lack of physical inactivity, and family history are key risk factors for the development of cardiovascular diseases among geriatric population. According to the World Health Organization (WHO), the global geriatric population is expected to increase from 524 million in 2010 to 1.5 billion by 2050. This is anticipated to drive the demand for absorbable heart stents, thereby creating immense growth opportunities for players operating in the global absorbable heart stent market during the forecast period. As per the American Heart Association, 85.6 million adults in the U.S. have one or more types of CVDs, out of which 43.7 million adults are aged 60 years or above.

·         Changing demographics in developing economies, such as China, India, Brazil, and South Africa, are anticipated to provide significant growth opportunities to pharmaceutical companies. Increase in the number of cardiac procedures using stents has led to increase in the adoption of absorbable heart stents. The number of percutaneous coronary interventions (PCIs) has increased at a steady pace. According to the Fortis Escorts Heart Institute, in 2016, 495,000 PCIs were performed in India, with drug-eluting stents (DESs) accounting for 80% of the total i.e. 594,000 stents implanted. As per a study by the Chinese People's Political Consultative Conference (CPPCC), in 2015, 500,000 stents were implanted in China, nearly 100% of which were DESs.

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Coronary Diseases Segment to Dominate Global Market

·         In terms of application, the coronary diseases segment accounted for a major market share in 2018. The segment is projected to expand at a steady pace during the forecast period. The segment is likely to be driven by increase in the prevalence of coronary diseases and rise in the number of percutaneous coronary intervention (PCIs) worldwide.

·         According to the WHO’s Global Health Observatory, coronary diseases is the leading cause of death among diabetic patients. The prevalence of coronary diseases is increasing in highly populated countries across the globe. Countries with growing population, such as China, India, and Russia, have the largest number of deaths caused due to CVDs.

·         Moreover, reduction in prices of stents by regulatory authorities in countries such as India is providing local population with an access to new and advanced absorbable heart stents. This, in turn, offers significant opportunities to the absorbable heart stent market in Asia Pacific. Geographical expansion by China-based players in India and availability of reimbursement for coronary stents in Japan are likely to offer lucrative opportunities to the market in the region in the near future.

·         However, the number of deaths caused by cardiovascular diseases is lower in developed countries in spite of increasing prevalence of CVDs in these countries

Hospitals Segment to Lead Global Absorbable Heart Stent Market

The hospitals segment accounted for a prominent share of the global absorbable heart stent market in 2018

·         The segment is estimated to expand significantly during the forecast period, due to increase in the number of cardiovascular procedures, availability of well-equipped health care facilities for cardiac diseases, and continuous demand for cost-effective coronary interventions

·         However, the hospitals segment is likely to lose market share by 2027, due to shift of percutaneous coronary interventions (PCIs) from inpatient settings to ambulatory care centers

·         As per the Physician/Supplier Procedure Summary 2013–2014, the number of percutaneous coronary interventions (PCIs) in inpatient settings decreased by 45% i.e. from 159,710 in 2013 to 81,839 in 2014

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The ambulatory surgical centers segment is expected to witness significant growth during the forecast period

·         As per a report of the Physician/Supplier Procedure Summary, in 2014, Medicare paid physicians higher for invasive cardiology procedures conducted in outpatient settings than inpatient ones

·         In 2014, payments made to physicians for invasive cardiology procedures in outpatient settings were valued at US$ 539.3 Mn, while those in inpatient settings were valued at US$ 508.4 Mn

Key Manufacturers Operating in Global Market

The global absorbable heart stent market is moderately fragmented, with market players focusing on strategic partnerships, collaborations, mergers, acquisitions, and new product launches.

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“Absorbable Heart Stent Market ” study By Devices Segment, Application, Geography, Region and Company Profile.

[healthcareandwellness-blog]

Implantable Drug Delivery Devices Market Introduction:

The implantable drug delivery is the procedure that facilitates the drug to be released in the bloodstream. To deliver the drug, numerous devices are being offered in the market, depending upon the kind of cure the device is manufactured for. For instance, by utilizing implantable drug delivery infusion pump, the insulin is delivered in the human body to cure diabetes. Moreover, contraceptive drug delivery devices including intrauterine devices are being utilized to control the birth. These devices are actively programmable with access ports to resupply the medications when needed. Owing to such factors, implantable drug delivery devices market is anticipated to have significant growth over the forecast period.

The growth is attributed to the rising prevalence of chronic diseases including cardiovascular, diabetes, obesity and cancer, etc., coupled with increasing involvement of government bodies such as U.S. Food and Drug Administration and European Union towards the use of safer products along with recommended quality of the implant devices, is also fueling the demand for implantable drug delivery devices in the market.

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 Implantable Drug Delivery Devices Market: Dynamics

The implantable drug delivery devices market is largely driven by the simplified targeted therapy that avoids patients from being hospitalized and from intravenous infusions. Furthermore, the advancement in the implantable drug delivery devices to microscale implantable drug delivery devices (IDDSs) have gained traction over the past few years. This miniaturization of the technology is highly advanced in delivering the drug, thereby providing better control over the disease via its accurate, less painful and long-life expectancy features. Patients suffering from osteoporosis have been much relieved owing to the development for microscale IDDS’s that has come out to be effective in the treatment of disease and enhancing the quality of life. This innovative technology has potential to cure further diseases such as neurological disorders, contraception, movement disorders particularly hip and knee movements among others. Therefore, the technology enhancement is anticipated to be a major booster to the market.

Furthermore, these devices responsibly take a reduced amount of time in recovery and closure of wounds during the surgery over the traditional methods such as conventional oral (through mouth) and parenteral dosage form (injections into systemic circulation). Therefore, surging up the market.

The major factors restraining the implantable drug delivery devices market comprises of the high costs involved in manufacturing the implantable devices coupled with the possible device failures which could hamper the growth of the implantable drug delivery device market. For instance, in 2016, Medtronic developed devices named SynchroMed II and SynchroMed EL implantable drug infusion pump. These pumps are utilized among the patients suffering from metastatic cancer, and chronic pain. The device incurred a software problem which lead to Medtronic to recall and update the software of the product, under the guideline of U.S. FDA.

 Implantable Drug Delivery Devices Market: By Product Type

Contraceptive drug delivery devices’ segment is anticipated to have a prime share in the implantable drug delivery devices market over the forecast period owing to the decent rise in demand for hormone regulation and contraception by the adoption of non-biodegradable implants over the recent years, thus, offering a generous market growth. For instance, contraceptive rings are being placed in the vagina for the birth control by women.

Moreover, bio absorption stents are anticipated to rise enormously over the projected period. The growth is majorly attributed owing to the rise in cardiovascular diseases including coronary artery diseases (CAD) among the patients. As per the statistics by American Heart Association, in 2018, 92.1 million (approx.) adult people in the U.S. suffer from some kind of cardiovascular disorder, which is expected to result in 2300 deaths a day. Due to this, the utilization of the bio absorption stents is expected to rise, thus helping the market to grow further.

 Implantable Drug Delivery Devices Market: By Material Type

On the basis of material, the implantable drug delivery devices market is segmented into biodegradable and non-biodegradable. Biodegradable implantable devices market is anticipated to witness high growth over the forecast period. L-lactide is an absorbable material used in the manufacturing of bio-absorbable stents. They have the capability to dissolve naturally in the human body, and is attributed towards the market growth. For instance, Abbott developed the Absorb GT1 Bioresorbable Vascular Scaffold System (BVS) which was approved by the U.S. Food and Drug Administration in 2016. This implantable device can deliver the drug named everolimus which limits the growth of the tissue scars, and also has the capability to dissolve in the human body in about 3 years.

 Implantable Drug Delivery Devices Market: By Application:

The implantable drug delivery devices market for cardiovascular applications is anticipated to be dominant during the forecast period. According to the American College of Cardiology, cardiovascular diseases (CVD) are responsible for the death of nearly 8,00,000 people in the U.S. alone. Majority deaths in the U.S. are caused by cardiovascular disease including coronary heart diseases, followed by heart failure and stroke. Therefore, the rise in the cardiovascular diseases would give space for the growth of absorbable stents, which is further expected to contribute a decent revenue share in the market.

 Implantable Drug Delivery Devices Market: Regional Analysis

North America is anticipated to have a dominant share in the market during the forecast period with the U.S. maintaining its dominance owing to its world’s largest and established pharmaceutical market. Moreover, the nation is highly focused and known to be world leader in the biopharmaceutical research. As per the statistics by the Bureau of Labor Statistics, U.S. in 2010, approximately US$ 67.4 billion was invested in the research and development in pharmaceutical sector. Some of the leading players investing hugely in the research & development include Pfizer, Inc, Johnson & Johnson, Inc, Antares Pharma and Dickinson and others.

The treatment of prostate cancer is quite painful, and this pain can be reduced by the use of intrathecal drug delivery pumps, thus, providing a significant growth to the implantable drug delivery devices. Rising prostate cancer cases among men in the U.S. is another reason attributed to the growth of U.S. implantable drug delivery devices market. According to the stats by National Cancer Institute, the estimated new cases of prostate cancer in 2018 is about 15,646 cases, out of which 1,413 deaths are estimated.

Asia Pacific is predicted to have a substantial growth over the forecast period, which is highly attributed by the steep growth in the healthcare industry majorly in China and India. According to China Chamber of Commerce for Import and Export of Medicines and Health Products, China became the second largest pharmaceutical market in 2014. According to CCCMHPIE, China healthcare industry output value reached to US$ 420.0 billion in 2015, increasing from US$ 380.0 billion in 2014. This will further give some good opportunities for the growth of China implantable drug delivery devices market.

Moreover, the presence of some major pharmaceutical companies in the Asia Pacific region will further open up opportunities for the growth of Asia Pacific implantable drug delivery devices market. Some of the predominant players present in this region include Baxter International, Glaxo Smith Kline and Boehringer Ingelheim GmbH among others.

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 Competitive Landscape:

The key vendors in the implantable drug delivery devices market include Medtronic Inc, Cydex, Inc, Alkermes, Inc, Abbott Laboratories, Bayer Healthcare, Psivida Corp, Allergan, Inc. and Boston Scientific Corporation among several others.

Major players in this market are working on the development of new devices to overcome the failure cases, broaden the device application and to enhance the device’s efficiency. For instance, in 2018, Medtronic announced the approval received from U.S. FDA on implantable drug delivery system and cardiac catheter technology for the patients suffering from pulmonary arterial hypertension.

[rahulg1122]

Bioabsorbable Stents Market to reach USD 417.2 million by 2022

The global bioabsorbable stents market is expected to reach USD 417.2 million by 2022 from USD 242.4 million in 2017, at a CAGR of 11.5% during the forecast period. Market growth of bioresorbable stents is attributed to the growing aging population susceptible to coronary and peripheral artery diseases, rising PCI procedures, increasing focus of companies on clinical trials of bioresorbable stents, increasing adoption of these stents by physicians and patients, and patients’ preference for minimally invasive therapies. 

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Bioabsorbable stents or scaffolds are implanted within the artery for clearing the blockage caused due to the accumulation of plaque (cholesterol, fatty substances, cellular waste products, calcium, and fibrin). These devices dissolve within the body after eluting the drug within a certain period of time and are aimed at increasing the efficiency of the treatment by reducing the chances of thrombosis and dual anti-platelet therapy among patients.

Based on material, the bioabsorbable stents market is segmented into bioresorbable polymer-based stents and bioresorbable metallic stents. The bioresorbable polymer-based stents segment is expected to grow at the highest CAGR. The growth of this market is mainly attributed to companies’ increasing focus on developing polymeric stents and increasing approvals for polymer-based stents across various regions

Based on application, the market is segmented into coronary artery diseases and peripheral artery diseases. In 2017, coronary artery diseases accounted for the largest share of the market. The dominance of this segment is attributed to factors such as increasing aging population prone to coronary and the adoption of unhealthy lifestyle habits leading to increased risk of coronary artery diseases.

Based on end users, the bioabsorbable stents market is segmented into hospitals and cardiac centers. The hospitals segment is expected to dominate the market and grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to increasing need of surgeries, growing risk of CAD and PAD, and improving reimbursement scenario for the hospitals.

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Key Players of Market

Some prominent players in the bioabsorbable stents market include Abbott (US), BIOTRONIK SE & Co. KG (Germany), REVA Medical, Inc. (US), Elixir Medical Corporation (US), Arterial Remodeling Technologies (France), and Kyoto Medical Planning Co., Ltd. (Japan). 

Major Market Developments:

In 2016, Abott received Received approval from the Ministry of Health, Labor and Welfare (MHLW) in Japan for its Absorb bioresorbable heart stent.

In 2017, Reva Medical received CE approval for Fantom, a drug-eluting bioresorbable coronary scaffold

In 2015, Abbott received CE mark approval for Absorb GT1, which is the world’s first fully bioresorbable stent system. This approval helped the company to market this product in Europe, thus expanding its customer base.

[industry365]

Coronary Stent Market Is Expected To Reach New Growth Revenues During 2021-2028

The global coronary stent market size is expected to reach USD 15.28 billion by 2027 according to a new study by Polaris Market Research. The report “Coronary Stent Market Share, Size, Trends, Industry Analysis Report, By Product (Drug Eluting, Bioresorbable Vascular Scaffold, Bare Metal Stents); By Metal (Cobalt Chromium, Platinum Chromium, Nickel Titanium, and Stainless Steel); By End Use (Hospitals, Ambulatory Surgical Centers, and Cardiology Centers); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global Coronary Stent Market offers prominent opportunities for the players to flourish in the untapped low-income countries, particularly in the Asia Pacific region. Market is characterized by intense competition, flooded with many local players that develop safe, cost-effective, easy to use, and widely available products. These players adopt innovative strategies and develop full proof devices to provide product differentiation.

Cath labs or cardiac catheterization laboratories in hospitals and ambulance conduct both diagnostic and therapeutic procedures. For example, The Frankel Cardiovascular Center, has 4 cardiac catheterization laboratory that are used for coronary procedures, these labs complement two hybrid operating rooms. These medical facilities use technologically advanced such as DES, BMS and Bioresorbable Vascular Scaffold stents to improve the quality of life, offer better patient healthcare benefits like efficacy and safety profile, and minimize hospital stays. These procedures are not complex and are mostly performed in ASCs and digital cath labs. For Example, Absorb GT1 has clinically proven that the artery is able to dilate and contract, called vasomotion that is similar to healthy blood vessels.

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The incidence of CVDs is on the rise in globally. This is due to the lifestyle changes such as smoking and alcohol over consumption, un-healthy food habits, and lack of physical inactivity. These factors cause obesity, heart related ailments and diabetes that can lead to CVDs. In 2015, according to Global prevalence of Diabetes, India is seeing increasing diabetic patients which accounts for more than 62 million diabetic patients.

To treat this growing cases of CVDs, players are using advanced technologies to develop innovative products such as Bioresorbable Vascular Scaffold and nano-coated stents. Improvement in healthcare infrastructure has allowed medical facilities to adopt these advanced systems for disease treatment in spite of its cost. This will lead many people to undergo stent procedure to treat cardiac disorders. Public awareness of this procedure and associated systems and benefits will further lead many people to undergo them.

Market participants such as Medtronic plc, Abbott Laboratories, Boston Scientific Corporation, Biotronik, Terumo Corporation, Shandong JW Medical Systems, Cook Medicals, Biosensors International Group (acquired by Blue Sail Medical Co., Ltd), Stentys SA, B. Braun Melsungen AG, Liaoning Biomedical Materials, Meril Life Sciences, MicroPort Scientific Corporation, Lepu Medicals, Vascular Concepts, and Translumina GmbH are some of the key players operating in the concerned market.

For instance, in July, 2020, Blue Sail Medical Co., Ltd established its new Blue Sail Shanghai Innovation Center (BSIC), which was built after months of rigorous effort and well equipped with GMP facilities. The company entered into cardio-vascular area after acquiring Biosensors International Group. BSIC’s focus would be co-operating with the research and development based in Germany and Singapore to develop innovative coronary intervention products including stent from scratch.

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Polaris Market research has segmented the Coronary Stent Market report on the basis of product, metal, end-use and region

Coronary Stent Product Outlook (Revenue – USD Million, 2016 – 2027)

Drug Eluting Stent

Bioresorbable Vascular Scaffold Stent

Bare Metal Stents

Coronary Stent Metal Outlook (Revenue – USD Million, 2016 – 2027)

Cobalt Chromium

Platinum Chromium

Nickel Titanium

Stainless Steel

Coronary Stent End-Use Outlook (Revenue – USD Million, 2016 – 2027)

Hospitals

Ambulatory Surgical Centers

Cardiology Centers

Coronary Stent Regional Outlook (Revenue – USD Million, 2016 – 2027)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

U.S.

Canada

France

Germany

UK

Italy

Spain

Netherlands

Austria

China

India

Japan

Malaysia

South Korea

Indonesia

Mexico

Brazil

Argentina

UAE

Saudi Arabia

Israel

South Africa

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[alex121world]

Interventional Cardiology Devices Market Competitive Share and Forecasts 2028

Global Interventional Cardiology Devices Market: Overview Interventional cardiology deals with the treatment of the heart related diseases such as coronary artery disease, congenital heart defect and aneurysm through catheter based devices. The process involves the insertion of catheter into large peripheral artery or vein to perform surgical process. Interventional cardiology provides fast recovery, controlled bleeding and short hospital stay. The interventional cardiology market has witnessed constant development from bare metal stent to bio-absorbable stent. Intervention cardiology devices include stents, catheters, guide wires, filters and balloons. According to Center of Disease Control and Prevention, in 2018 approximately 40,000 children are suffering from coronary heart disease in the U.S. The market is expected to register a CAGR of xx % during the forecast period of 2018 to 2028.

Request for Sample with Complete TOC and Figures & Graphs @ https://www.trendsmarketresearch.com/report/sample/3631 Geographic Analysis Geographically, North America is leading in the interventional cardiology devices market owing to large geriatric population and sedentary life-style causing cardiovascular disorders. In 2016, as per Population Reference Bureau, approximately 40 million of age 60 and above are suffering from cardiovascular diseases and the prevalence is expected to reach 89 million by 2050 in the U.S alone, followed by Europe. Asia Pacific is expected to expand significantly in the near future because emerging economies such as China and India owing to its large population base are suffering from cardiovascular diseases and diabetes. The continuous increase in healthcare expenditure and increase in geriatric population are also fueling the growth of interventional cardiology devices market. Competitive Scenario The major players operating in the interventional cardiology devices include Boston Scientific Corporation, Cook Medical, Medtronic Plc, Cardinal Health, Terumo Medical Corporation, Abbott Scientific and B Braun Melsungen A.G. The key players are focusing on acquisition to increase its portfolio of product offerings.  In this direction, in 2017, Abbott acquired St Jude Medical to increase in product pipeline. St Jude Medical is into atrial fibrillation, heart failure, chronic pain and structural heart devices manufacturing, which will supplement the products of the Abbott.

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Global Interventional Cardiology Devices Market: Segmentation By Product Type Stents Catheters Percutaneous Transluminal Coronary Angioplasty (PTCA) Balloons Intravascular Ultrasound System Inferior Vena Cava (IVC) Filter Percutaneous Transluminal Coronary Angiography (PTCA) Guide Wires Left Atrial Appendage (LAA) Device

Increased prevalence of cardiovascular disorders is expected to fuel the growth of interventional cardiology devices market The overall world population is witnessing increase in proportion of geriatric population and obesity which is causing numerous heart related diseases. For instance, according to the United Nations report, around xx million people of age 65 and above in 2015 across the globe are suffering from heart related disorders and it is expected to reach xx billion by 2050. The major drivers responsible for the growth of the market are the advancement in the healthcare research, increase in the demand of minimal invasive procedures and increasing patient awareness. The increase in geriatric population coupled with obesity and lifestyle patterns leads to the increase in coronary artery disease. In 2017, American Heart Association reported 36,000 deaths due to coronary artery disease in the U.S alone. Continuous innovations in interventional cardiology devices such as new generation drug eluting balloons and bio-absorbable stents are expected to further support the growth in the interventional cardiology devices market. However the market is hindered by product recalls and high cost of manufacturing the devices.

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[market-researchm]

Coronary Stents Market: In-depth Study by Key Reasons, Product Segments and Application to 2024

The global Coronary Stent Market is predicted to reach USD 15.18 billion by 2024 owing to factors include technological advancements, rising load of CAD, growing number of PCI procedures (percutaneous coronary intervention), increasing geriatric population and increasing demand for user-friendly procedures. A coronary stent is a miniature tube that is used to open a narrowed artery during the PCI (percutaneous coronary intervention) procedure. This treatment comprises insertion of balloon-tipped tube in the artery which is transported to the blockage location. The stent enlarges and forms a platform after the balloon inflates. This helps the artery to open and stabilize the blood flow to the heart. The Coronary stents are used in the treatment of cardiac disorders like angina pain, myocardial infarction and coronary artery disease. The Coronary Stent Market is expected to grow significantly with CAGR of 6.2% in the forecast period.

The Coronary Stent prevents the heart attack that is caused by the narrowing of coronary arteries. The stent is made of cobalt alloy or stainless steel tube and is attached to small balloons that support to proper blood flow and take care of the vessel wall. The coronary heart disease treatments comprise balloon angioplasty, pharmaceuticals, stenting of coronary artery bypass grafting. Stenting is regarded efficient for the heart patients in comparison to the bypass heart surgery. It is free of any major operation since it can be performed with the support of local low sedation and anesthesia.

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The main driver for the growth of coronary stent industry is the rising prevalence of heart diseases. Owing to the rising elderly population across globe, particularly in the developed economies, the market expects wide opportunities in the different parts of the world. Other factors that drive the market are the genetic diseases like obesity that is prevailing in all the age groups due to the changing unhealthy lifestyle and the technological advancements of bio-absorbable stents.

The main reason for maximum amount of deaths caused by the heart diseases across the globe is the CAD (Coronary artery disease). Nevertheless, the number of Coronary Artery Disease patients has decreased due to the increasing number of PCIs (percutaneous coronary interventions). This procedure makes use of wide range of coronary stents which again drives the industry growth. Besides, the expansion of BVS (bio resorb able vascular scaffold) and the emergence of the coronary stent market offer considerable growth opportunities. Moreover, the alternative treatment methodologies of CAD, numerous cases of product failure and strict regulations for product approval will restrict the market growth in the forthcoming years.

The coronary stent industry is categorized on the grounds of product type, delivery modes, material, end-user and geographic region. On the grounds of product type, the market is divided into drug-eluting stents, bare-metal stents and bio absorbable stents. In the forecast period, the drug-eluting stents section is predicted to capture maximum share of the market. This is because the drug-eluting stents possess more benefits than the bare-metal stents and bio absorbable stents. The benefits can be stated as reduced risk of restenosis and other major disorders. On the grounds of delivery modes, the coronary stent market is divided into self-expanding stents and balloon-expanding stents. The balloon expandable stents is predicted to capture larger market share due to the factors like increasing regulatory approvals for balloon-expandable stents, greater use of these stents and growing research activities to enhance technology.

Geographically, the Coronary Stents Market is divided into Europe, North America and Asia, and the rest of the world. North America is estimated to capture comparatively larger market share followed by Europe. Asia is projected to capture the coronary stents industry with a good pace in the coming years. Other factors for the growth of the market in Asia include growing population base, prevalence of heart disease, focus of major players, increasing adoption of modern technologies and lower manufacturing costs in the area.

The prominent and emerging market players of coronary stent market are Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., B. Braun Melsungen AG, Terumo Corporation, Medtronic, plc, BIOTRONIK SE & Co. KG, STENTYS SA, MicroPort Scientific Corporation, Meril Life Sciences Pvt. Ltd., Translumina GmbH, and Vascular Concepts.

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[crystalmarketresearch]

Interventional Cardiology & Peripheral Vascular Devices Market To Register Substantial Expansion By 2023

A research study titled, “Interventional Cardiology & Peripheral Vascular Devices Market by product (angioplasty stents, angioplasty balloon catheter, guidewires, vascular closure devices, peripheral embolic protection devices, atherectomy devices, endovascular stent grafts, vascular grafts, thrombectomy devices, inferior vena cava filter, other products) - global industry analysis and forecast to 2023” published by crystal market research. Competitive Outlook-  The leading players in the market are B. Braun Melsungen AG, Cardinal Health, Inc., Medtronic plc, Terumo Corporation, ABIOMED, Inc. and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

Get sample copy of this report:  www.crystalmarketresearch.com/report-sample/HC071100 Industry Outlook- The Interventional Cardiology & Peripheral Vascular Devices Market was worth USD 12.18 billion in 2014 and is expected to reach approximately USD 27.82 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.61% during the forecast period.  Cardiovascular diseases is one of the essential driver of the worldwide mortality was in charge of 17.7 million passing’s around the world, as announced by the World Health Organization (WHO). This worldwide rate of death raised the significance of taking preventive wellbeing measures and cantering into advancement of enhanced treatment devices keeping in mind the end goal to accomplish powerful clinical results. Interventional method deployment in cardiology and fringe vascular ailment treatment is generally liked to stay away from entanglements and scar, diminishing torment and quicker recuperation. Market Segmentation- Interventional Cardiology & Peripheral Vascular Devices Market By Product Angioplasty Stents Angioplasty Balloon Catheter Guidewires Vascular Closure Devices Peripheral Embolic Protection Devices Atherectomy Devices Endovascular Stent Grafts Vascular Grafts Thrombectomy Devices Inferior Vena Cava Filter Interventional Cardiology & Peripheral Vascular Devices Market - By Region: Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) North America (U.S, Canada, Mexico) Europe (Germany, France, UK, Italy, Spain, Rest of Europe) Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others) Drivers & Restrains Continuous mechanical developments in the field of interventional cardiology and fringe vascular gadgets are relied upon to drive the worldwide market. Researchers have concentrated on growing new frameworks with enhanced traits, for example, new age of medication eluting inflatables, and bio absorbable stents. Likewise, a few organizations have put resources into their research and development exercises to create imaginative products. Awareness among patients about coronary heart sicknesses and fringe vascular scatters assumes an imperative part in market development. Regional Outlook -  Over the previous decade, legislatures of different nations, particularly rising economies, have expanded their consumption on building up their human services framework. In this manner, increment in broad daylight and private use to build up the wellbeing framework in these locales will additionally support the selection of interventional cardiology and peripheral vascular devices in creating nations. Research Methodology We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments. To Avail Discount, Please click On the Link @ www.crystalmarketresearch.com/check-discount/HC071100 About Crystal Market Research: Crystal Offers One Stop Solution For Market Research, Business Intelligence, And Consulting Services To Help Clients Make More Informed Decisions. It Provides Both Syndicated As Well As Customized Research Studies For Its Customers Spread Across The Globe. The Company Offers Market Intelligence Reports Across A Broad Range Of Industries Including Healthcare, Chemicals & Materials, Technology, Automotive, And Energy. Contact Us: Judy S,  304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: Sales@Crystalmarketresearch.Com

[marketresearchhealthcarefuture]

Coronary Stent Market Size, Share 2021, Global Industry Report

Coronary Stent Market Research Report: By Type (Bare-Metal Stents, Drug-Eluting Stents, and Bio Absorbable Stents), by Mode of Delivery (Balloon-Expandable Stents and Self-Expanding Stents), by End-User (Hospitals & Clinics) – Global Forecast Till 2023

Coronary Stent Market Overview

Coronary stents are a small tube-like device that is placed into the coronary arteries of a patient in order to keep the arteries open in the coronary heart disease treatment and prevent the same from any kind of blockage. It is used for broadening the narrowed arteries and helps curb-down chest pain and the chances of heart attack. According to the recently published report by the team of Market Research Future (MRFR), the global coronary stent market is projected to grow at a rate of 7.8% during the review period.

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The market is identified to be driven by a number of factors, including the wide-spread prevalence of heart-related diseases and a proliferating demand for diagnosis and treatment methods. Additionally, the growing availability of diagnostic services for coronary heart diseases is also pushing the growth of the market. A growing percentage of positive outcomes with stenting and the emergence of a number of advancing technologies in the coronary artery field is adding to the market growth of the device. It is also worth noting that alternative treatment methods for curing coronary artery diseases and a number of product recall cases are likely to hinder the market growth of coronary stents.

Coronary Stent Market Segmentation

Global coronary stent market segmentation is classified on the basis of mode of delivery, type, material, and end-user.

By type, the market segments into drug-eluting stents, bioabsorbable stents, and bare-metal stents.

By material, the market comprises cobalt chromium, metallic stents, stainless steels, platinum chromium, nickel titanium, and others.

By end-user, the market includes hospitals and clinics, ambulatory surgical centers, cardiac centers, and others.

By mode of delivery, the market divides into self-expanding and balloon-expandable stents.

Coronary Stent Market Regional Analysis

The regional analysis of the global

coronary stent market

segments into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

North America is the dominant region of the lot and is primarily driven by the surging patient population suffering from coronary heart diseases, an increasing pool of geriatric population, and growing investments in the healthcare sector. Latin America, on the other hand, is slated to be one of the fastest growing regional market owing to the rising demand for coronary heart disease treatment options and the availability of technologically advanced devices for diagnosis purposes.

With Germany and the UK being the major contributors, the European coronary stent market is expected to flourish in the forthcoming years. An increasing emphasis on the diagnosis and treatment of heart and other related diseases has majorly driven the market in this region. The increasing healthcare expenditure is another key contributor to the market’s growth.

Asia-Pacific stands out as the fastest growing market amongst all the mentioned regions. This projection can be primarily attributed to the increasing prevalence of cardiovascular diseases and a rising focus on performing early diagnosis and treatment of heart diseases. The Middle East & African region is forecasted to exhibit a slow and steady rise in the growth ladder. The regional market is starting to show positive signs with an increasing number of healthcare facilities offering treatments for chronic diseases and an increasing growth of the medical device sector, especially for diagnostic devices. In Africa, increasing awareness concerning coronary heart diseases is pushing the market growth herein.

Coronary Stent Market Competitive Landscape

The market includes some highly noteworthy players including B. Braun Melsungen AG (Germany), MicroPort Scientific Corporation (China), Vascular Concepts (India), Terumo Corporation (Japan), BIOTRONIK SE & Co. KG (Germany), Translumina GmbH (Germany), Biosensors International Group, Ltd. (Singapore), Meril Life Sciences Pvt. Ltd. (India), Elixir Medical Corporation (U.S.), Boston Scientific Corporation (U.S.), STENTYS SA (France), Medtronic plc (Ireland), Abbott Laboratories (U.S.), Reva Medical Inc. (U.S.), and others.

Coronary Stent Industry Overview

Feb 8th, 2019, CeloNova BioSciences, Inc. (CeloNova), an innovative global medical device leader, announced the signing of a three-year group purchasing agreement with HealthTrust for their new game-changing Coronary Stent named COBRA PzF(TM) NanoCoated Coronary Stent (NCS) System.

Feb 22nd, 2019, Biotronic announced the approval of Osiro, an ultrathin-strut coronary stent, from the US Food and Drug Administration for the treatment of coronary artery disease. It was approved in Europe eight years back and has been implanted upon millions of patients globally.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.