Coronary Stent Market Growth Analysis Forecast Report 2024

Coronary stent market size was valued at USD 8.9 billion in 2019 and it is projected that it will reach USD 12.9 billion by 2024, registering at a CAGR of 7.68% during the forecast period.

Coronary Stent Market Size and Growth Rate:
Coronary Stent Market is expected to grow at a CAGR of 7.68% during the forecast period
Coronary stent market size was valued at USD 8.9 billion in 2019 and it is projected that it will reach USD
12.9 billion by 2024, registering at a CAGR of 7.68% during the forecast period.
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Coronary Stent Market Overview:
A coronary stent is a device used to supply blood to the heart by placing a tube-shaped device in the
coronary arteries. This increases the lifetime of a person suffering from coronary heart disease. This is to
be done under the guidance of expertise as the procedure is a bit complex.
Coronary Stent Market Growth Drivers and Restraints:
Rise in the demand for effective therapeutic procedures and promote the wellbeing of the patient after
surgery is the primary factor driving the demand of the market. A growing number of patient’s suffering
from cardiovascular and cancer diseases is fueling the growth of the coronary stent market. Initiative
steps by the government to ensure a quality life for the patient are spurring the demand of the market.
However, the cost for installation and maintenance of the devices is little high and this leads to a high
price for the treatment procedure. This factor is restraining the demand of the market. The dearth of
skilled persons in performing the operations using systems is slowly hindering the growth of the market.
Frequent changes in economic strategies may show a negative impact on the growth of the market.
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Growing investments in the construction of hospitals due to increased flow of patients are anticipated to
present growth opportunities for the market. Launch of reimbursement by the government in favor of
the common people is escalating the growth of the market. Furthermore, the market is ascribed to
bolster with the emergence of advanced technology into the medical sector.
Coronary Stent Market Geographical Analysis:
Regionally, North America is witnessed in holding the largest shares of the market by owing to
increasing revenue in developed and developing countries. Also, the growing demand for personalized
medicine is prompting the demand for this market. Europe is following North America with the rise in
the incidences of heart failure cases and the growing need for coronary stent procedures to clear blocks.
Asia pacific is to have a tremendous growth rate in the coming years. Increasing geriatric population is
one of the factors magnifying the growth rate in Asia pacific.
Keyplayers of the Coronary Stent Market:
Companies involved in the coronary stent market are Medtronic plc (Ireland), Abbott Laboratories (U.S.),
Boston Scientific Corporation (U.S.), Biosensors International Group, Ltd. (Singapore), BIOTRONIK SE &
Co. KG (Germany), B. Braun Melsungen AG (Germany), TERUMO CORPORATION (Japan), STENTYS SA
(France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts
(India) and Translumina GmbH (Germany)
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the
market. It helps us understand the market better through size anticipation and CAGR calculation to
estimate the next market. It has a broader segmentation for better understanding of the enterprising of
the market at a low level by segregating the market into smaller sectors.
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