The global arterial stents market is rising due to the increasing prevalence of atherosclerosis and other arterial disorders along with introduction of innovative arterial stents such as bioresorbable stents
Albany, NY -- (SBWIRE) -- 01/05/2018 -- According to TMR, the global arterial stents market is likely to expand at a CAGR of 9.5% from 2017 to 2025, for the market to be valued at US$17.8 bn by the end of 2025 from US$8.0 bn in 2016. Among the key product types, coronary stents held the leading market share in 2016. However, peripheral stents is anticipated to surpass in terms of growth rate by 2015. On the basis of application, coronary artery held the leading market share in 2016; going forward, the segments is anticipated to continue to lead over the forecast period. Geography-wise, Europe emerged as the most lucrative market for arterial stents in 2016.
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Global Arterial Stents Market: Overview
This report on the Global Arterial Stents market analyzes the current and future scenario of the global market. Rise in private and public funding for R&D of novel arterial stents, increase in prevalence of coronary and peripheral arterial disease and their improved diagnosis are boosting the growth of the global arterial stents market. Improved access to the deep long arteries located in the iliac and femoral portion of the body, and availability of well-qualified interventional cardiologists in the developed countries are some of the factors expected to drive the growth of global arterial stents market during the forecast period.
Global Arterial Stents Market: Scope of Study
The arterial stents market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the global market with respect to the segments based on product, application, and geography. A detailed qualitative analysis of drivers and restraints, and opportunities has been provided in the market overview section. Additionally, the section comprises exhaustive mapping of all the products & companies operating in the global arterial stents market, to help understand the competitive landscape in the market. Moreover, the global corporate scenario is provided in the report in terms of prominent mergers and acquisitions of arterial stent manufacturers. An overview of critical arterial diseases such as Coronary artery disease (CAD) and Peripheral artery diseases (PAD) in terms of their prevalence, diagnosis, symptoms, and treatment options are provided. This report also provides market attractiveness and its analysis in terms of geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global arterial stents market. The volume forecast and analysis along with the pricing scenario at global level has also been provided in brief for better understanding of the arterial stents market.
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Global Arterial Stents Market: Market Segmentation
Based on the product type, the global arterial stents market is segmented into coronary stents and peripheral stents. The coronary stents are further classified into bare metal stents, bioresorbable stents, drug-eluting stents and others. The others segment is comprised of dual therapy stents, covered stents. The peripheral stents segment is further divided into self-expanding stents, balloon-expanding stents, and others (Drug-eluting stents, covered stents etc.). In 2016, coronary stents accounted for a highest market share. Drug-eluting stents sub-segment generated highest revenue in 2016, which is owing to the development and incorporation of anti-restenotic agents for drug-eluting stents, aimed at preventing the incidence of re-stenosis. The peripheral stents segment is anticipated to witness maximum CAGR by 2025, due to the high flexibility of self-expanding peripheral stents and usage of Co–Cr material in their design to impart radial strength. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Different types of applications in the arterial stents market are coronary artery, carotid artery, iliac artery, femoral & popliteal artery, and others. The coronary artery segment dominated the market in terms of market share in 2016, and is expected to continue to lead the global market during forecast period. However, femoral & popliteal artery segment is likely to expand with relatively significant CAGR during 2017-2025, due to rising number of PCI procedures on femoral artery, as it is considered to be the most safe and accessible artery for stenting.
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Geographically, the global arterial stents has been categorized into five major regions and the key countries in the respective region: North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa).
Global Arterial Stents Market: Competitive Landscape
The report also profiles major players in the global arterial stents based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include Abbott Vascular (Abbott Laboratories), Cordis Corporation (A Cardinal Health Company), Boston Scientific Corporation, C. R. Bard, Inc. (BARD Peripheral Vascular), Medtronic, Gore Medical, Cook Medical, Biosensors International Group, Ltd., Lifetech Scientific, and BIOTRONIK AG.
Global Arterial Stents Market has been segmented as given below:
Global Arterial Stents Market, by Product,
Bare Metal Stents
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Global Arterial Stents Market, by Application,
Femoral & Popliteal Artery
Global Arterial Stents Market, by Region
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa