Los Angeles, CA -- (SBWIRE) -- 12/10/2019 -- Lifestyle and health are correlated with each other. Changing lifestyle has led to several health issues across the globe including diabetics, chronic diseases, hypertension, and obesity. Coronary Stent is highly beneficial in the treatment of coronary heart disease. Analysts at QYR Consulting functioning in the healthcare domain have studied multiple dimensions of the Coronary Stents market. QYR Consulting has come up with a new research report titled, "Global Coronary Stents Market Report, History and Forecast 2014-2025." As per the report, the global Coronary Stents market is anticipated to attain a value of US$ 7.49 Bn by the end of 2025, which was about US$ 5.63 Bn in the year 2018. The market is expected to expand with a moderate CAGR of 4.1% during the forecast period of 2019-2025
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Segmental Analysis
Drug-eluting Stent (DES) segment is likely to hold a greater share in the global Coronary Stents market
The global Coronary Stents market is divided into two segments such as by product and by application. On the basis of products, the market is further segmented into Bioresorbable Vascular Scaffold (BVS), Bare-metal Stent (BMS), and Drug-eluting Stent (DES). As far as products are concerned, Drug-eluting Stent (DES) segment is projected to acquire a key share in the global Coronary Stents market. The BVS products are estimated to attract extensive demand during the forecast period. These products are usually used for the treatment of a young patient population. By application, the global Coronary Stent market is segmented into hospitals, Ambulatory Surgical Centers (ASCs), and cardiology center.
Regional Coverage
North America is likely to dominate in the global Coronary Stents market
Industry leader like North America is expected to show impressive growth in the global Coronary Stents market because of high occurrence of chronic diseases, reimbursement facilities, and presence of key players who fulfill the requirements of the population in the region. Increasing elderly population, rising medical tourism, and changing lifestyles in Asia Pacific to foster the global Coronary Stents market growth. Moreover, government initiatives regarding the standard medication pricing in emerging economies like India and China is further pushing the demand for Coronary Stents in the region. Growing expenditure on healthcare services in Asia Pacific is also supplementing the global market growth.
Key Players
Some of the key players operating in the global Coronary Stents market are Boston Scientific, Lepu Medical, Terumo, Atrium Medical, SINOMED, MicroPort, LBC, Essen Technology, Medtronic, B.Braun, and Biosensors
Market Dynamic
Rising geriatric population is anticipated to augment well for the global Coronary Stents market growth
High prevalence of chronic diseases around the world is likely to surge the demand for Coronary Stents in the years to come. Apart from this, growing geriatric population is treated as one of the significant drivers for the global Coronary Stents market. Nowadays, there are various advanced treatments available to improve the cardiac health of the elderly population. Technological advancement in the healthcare industry is also to increase the demand for Coronary Stents. These advancements are enhancing efficiencies, accuracy, and nullifying errors.
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Evolving trends like scaffolds, bifurcation stent, biodegradable polymer, bioresorbable stents with the implementation of advanced techniques are trending in the healthcare industry. Cardiovascular diseases are associated with changing lifestyle habits like lack of physical activities, unhealthy eating habits, smoking, and work pressure, which are deteriorating heart health and expected to rise in the demand for Coronary Stent devices.