Global Coronary Stent Market to Register Remarkable Growth through 2021, Expects MarketsandMarkets in New Study Uploaded at MarketPublishers.com
28 Mar 2017 • by Natalie Aster
LONDON – In the past year, the world’s market for coronary stent stood at the value of USD 7.16 billion. Through to 2021, this market is anticipated to exhibit growth at a 7.6% CAGR to reach USD 10.31 billion by the year 2021.
Key factors fueling growth in the coronary stent market comprise rising technological advancements, escalating number of PCI procedures, increasing CAD burden, steady rising demand for minimally invasive procedures and also rising number of geriatric population, amid others.
Furthermore, ongoing expansion in emerging countries as well as continuous development of bioresorbable vascular scaffold (BVS) open new lucrative growth opportunities in the market. Still, some factors could restrain the further market growth, for example, stringent regulations for product approval, introduction of alternative treatment methods for CAD along with numerous cases of product failure.
Asia is expected to dominate the world’s market for coronary stent through 2021. Strong growth in this regional market is encouraged by large population base, expanding adoption of advanced technologies, increasing prevalence of cardiac diseases along with low production costs in the region.
Cutting-edge topical report “Coronary Stent Market by Type, Mode of Delivery, Material & End User - Global Forecasts to 2021” prepared by MarketsandMarkets offers a reliable in-depth analysis of the global market scenario as well as discloses updated market performance estimates. The publication offers a comprehensive overview of the market dynamics, scrutinizes the key influencing factors and discusses top trends. It delves into the competitive environment, touches upon regulative norms, investigates the situation across the top regional market as well as provides a granular analysis of the market segmentation. Additionally, a future outlook for the global coronary stent market through 2021 is provided in the report.
Many other research studies by the publisher can be found in the MarketsandMarkets catalogue at MarketPublishers.com.