“Coronary Stent Market: Global Demand, Growth Analysis & Opportunity Outlook 2023”

Coronary Stent helps in avoiding the heart attacks which is caused by narrowing of the coronary arteries. Stent is a small tube made up of stainless steel or cobalt alloy, tube and is attached onto small balloons which act as a support to reinstate blood flow and support the vessel wall. Methods for the treatment of coronary heart disease includes pharmaceuticals, balloon angioplasty, stenting and coronary artery bypass grafting. Stenting is considered as more comfortable for heart patients as compared to the bypass heart surgery. Stenting does not involve any major operation as it can be performed with the help of local anaesthesia and low sedation.

Global coronary stent market is expected to flourish at a significant CAGR during the forecast period. Moreover, the global coronary stent market was estimated at USD 8.6 Billion in 2015. Rapid growth of aging population and increasing cardiovascular diseases across the globe are fostering the growth of the global coronary stent market.

The initial section of the report includes market segmentation, table of content, assumptions, definitions and abbreviations, executive summary, PORTER’S Five Forces Analysis, market dynamics, drivers, restraints, opportunities, and trends, followed by an overview and then analysis of the overall market. The Coronary Stent market report is segmented and analysis and insights are offered in terms of revenue (US$) for each segment, on a global scale, which is then presented region-wise and country-wise. The rationale is also offered to justify the findings and results, and reminders are included regarding various factors driving market growth.

High Prevalence of Coronary Heart Disease

Growing cases of cardiovascular diseases in the world is major factor behind the growth of coronary stent market. According to World Health Organization, more than 17.7 million people die every year from cardiovascular diseases. Further, the cases of cardiovascular diseases are projected to increase in the upcoming years. Consequently, the demand for coronary stent is projected to witness growth during the forecast period.

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Government Initiatives and Policies

Several government policies and initiatives to reduce the mortality due to cardiovascular diseases are anticipated to foster the growth of coronary stent market. Moreover, similar initiatives launches by health organizations to raise the awareness are anticipated to accelerate the growth of coronary stent market during the forecast period.

However, high cost of treatment and lack of awareness in undeveloped nations are some of the factors which are likely to inhibit the growth of the global coronary stent market in the near future.

The report titled “Coronary Stent Market: Global Demand, Growth Analysis & Opportunity Outlook 2023” delivers detailed overview of the global coronary stent market in terms of market segmentation by product type, by raw material, by end use and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global coronary stent market which includes company profiling of Terumo Corporation, Boston Scientific Corporation, Medtronic, Vascular Concepts, B. Braun Melsungen AG, Biotronik, Abbott Laboratories, Biosensors International Group, Ltd., Hexacath and Stentys SA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global coronary stent market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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