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Rapid Industrialization to Boost Coronary Stents Market Growth by 2019-2026

The Coronary Stents market research encompasses an exhaustive analysis of the market outlook, framework, and socio-economic impacts. The report covers the accurate investigation of the market size, share, product footprint, revenue, and progress rate. Driven by primary and secondary researches, the Coronary Stents market study offers reliable and authentic projections regarding the technical jargon.

All the players running in the global Coronary Stents market are elaborated thoroughly in the Coronary Stents market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the Coronary Stents market players.

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Market segmentation

By Product Type

  • Drug Eluting Stent
  • Bare Metal Stent
  • Bioresorbable Vascular Stent

By Raw Material

  • Cobalt Chromium
  • Stainless Steel
  • Platinum-Chromium
  • Nickel-Titanium
  • Polymer

By End Use

  • Hospitals
  • Ambulatory Surgical Centres
  • Cardiac Catheterisation Laboratories

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • MEA
  • Japan

Drug Eluting Stent product type segment estimated to account for significant market share by 2016 end

The Drug Eluting Stent segment is anticipated to account for 75.6% value share of the global coronary stents market by the end of 2016. This segment is expected to register a CAGR of 6.8% in terms of value over the forecast period. The Bioresorbable Vascular Stent segment is projected to register a CAGR of 9.4% between 2016 and 2026 and reach a market valuation of US$ 1,617.6 Mn by 2026.

Polymer raw material segment likely to be the most lucrative segment

The Polymer segment is expected to register high Y-o-Y growth throughout the forecast period and is expected to be valued at US$ 4,215.6 Mn by 2026, registering a CAGR of 9.2% during the forecast period. The Cobalt Chromium segment is estimated to account for 21.4% market share of the global coronary stents market by the end of 2016.

Hospitals end use segment expected to dominate the global coronary stents market in terms of value

The Hospitals segment is estimated to be valued at US$ 7,851.8 Mn by 2026, registering a CAGR of 6.3% during the forecast period. The Cardiac Catheterisation Laboratories segment is estimated to account for 19.8% revenue share by 2016 end.

APEJ market likely to register significant Y-o-Y growth throughout the forecast period

The APEJ coronary stents market is expected to hold 36.8% revenue share of the global coronary stents market by 2026. The APEJ market is expected to witness a CAGR of 8.0% during the forecast period. The North America market is anticipated to account for 29.2% market share of the global coronary stents market by 2016 end. Revenue from the North America market is projected to register a CAGR of 6.9% during 2016–2026, to reach a market valuation of US$ 3,426.0 Mn by 2026.

Global coronary stents market players are focussing on product innovation and geographical expansion to augment market share

Terumo Corporation, Boston Scientific Corporation, Medtronic, Vascular Concepts, B. Braun Melsungen AG, Biotronik SE & Co. KG, Abbott Laboratories, Biosensors International Group, Ltd., Hexacath, and Stentys SA are some of the top companies operating in the global coronary stents market. Key market players are focussing on increasing their footprints in emerging markets such as Asia Pacific and are expanding their manufacturing facilities and distribution network to gain a larger share of the global coronary stents market.

Abbott Laboratories, Medtronic, and Boston Scientific Corporation emerged as the market leaders in the global coronary stents market for both the Drug Eluting Stent and Bare Metal Stent segments in 2015. The top three market players are estimated to hold more than 70% revenue share of the global coronary stents market in 2016. Abbott Laboratories accounted for the largest share in the global coronary stents market in 2015. Boston Scientific Corporation held maximum revenue share in Brazil in 2015. The company has a strong foothold in the domestic market of Latin America, particularly in the rapidly growing cardiovascular devices market in Brazil and other emerging countries.

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Objectives of the Coronary Stents Market Study:

  • To define, describe, and analyze the global Coronary Stents market based on oil type, product type, ship type, and region
  • To forecast and analyze the Coronary Stents market size (in terms of value and volume) and submarkets in 5 regions, namely, APAC, Europe, North America, Central & South America, and the Middle East & Africa
  • To forecast and analyze the Coronary Stents market at country-level for each region
  • To strategically analyze each submarket with respect to individual growth trends and their contribution to the global Coronary Stents market
  • To analyze opportunities in the market for stakeholders by identifying high growth segments of the global Coronary Stents market
  • To identify trends and factors driving or inhibiting the growth of the market and submarkets
  • To analyze competitive developments, such as expansions and new product launches, in the global Coronary Stents market
  • To strategically profile key market players and comprehensively analyze their growth strategies

The Coronary Stents market research focuses on the market structure and various factors (positive and negative) affecting the growth of the market. The study encloses a precise evaluation of the Coronary Stents market, including growth rate, current scenario, and volume inflation prospects, on the basis of DROT and Porter’s Five Forces analyses. In addition, the Coronary Stents market study provides reliable and authentic projections regarding the technical jargon.

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After reading the Coronary Stents market report, readers can:

  • Identify the factors affecting the Coronary Stents market growth – drivers, restraints, opportunities and trends.
  • Examine the Y-o-Y growth of the global Coronary Stents market.
  • Analyze trends impacting the demand prospect for the Coronary Stents in various regions.
  • Recognize different tactics leveraged by players of the global Coronary Stents market.
  • Identify the Coronary Stents market impact on various industries.