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Coronary Stents Market Analysis | CMI

Read here the latest updates on the Coronary Stents Market Analysis published by CMI team

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Coronary Stents Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. CORONARY STENTS MARKET ANALYSIS • Coronary Stents Market, By Product Type (Bare-metal Stents, Drug Eluting Stents, and Bioabsorbable Stents), By Material (Metallic (Stainless Steel, Silicon Carbide, Titanium Nitride Oxide, Cobalt Chromium, Platinum Chromium, and Others) and Polymeric (Non-degradable/Permanent Stents and Degradable/Temporary Stents)), By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027 • The global coronary stents market is estimated to be valued at US$ 8,985.6 million in 2020 and is expected to exhibit a CAGR of 7.7% during the forecast period (2020-2027).

  3. Figure 1. Global Coronary Stents Market Share (%) in Terms of Value, By Region, 2020

  4. Market Drivers • The increasing prevalence of coronary heart disease is expected to drive the market growth during the forecast period • Coronary heart disease (CHD) is usually caused by a build-up of fatty deposits (atheroma) on the walls of the arteries around the heart (coronary arteries). The build-up of atheroma makes the arteries narrower, restricting the flow of blood to the heart muscle. This process is called atherosclerosis. Thus, the rising prevalence of coronary heart disease is increasing demand for coronary stents for management of coronary heart diseases. • According to the World Health Organization’s 2017 report, cardiovascular diseases (CVDs) were the number 1 cause of death globally, and around 17.9 million individuals died due to cardiovascular diseases in 2016. CVDs are a group of disorders of the heart and blood vessels and include coronary heart disease, cerebrovascular disease, rheumatic heart disease and other conditions. • Moreover, according to the U.S. Department of Health & Human Services report, coronary heart disease is the most common type of heart disease in the U.S. In 2017, around 3,65,914 people died due to coronary heart disease in the U.S.

  5. Figure 2. Global Coronary Stents Market Share (%), by Product Type, 2020

  6. Launch and approval of novel products is expected to drive the market growth during the forecast period • Key players operating in the global Coronary Stents Market are focusing on product launches and obtaining regulatory approval for novel coronary stents which is expected to drive the market growth during the forecast period • For instance, in February 2019, Medtronic PLC received an approval from the U.S. Food and Drug Administration for its Resolute Drug-Eluting Stent (DES) platform (including the Resolute Onyx and Resolute Integrity DES) for treatment of patients with coronary artery disease who have de novo chronic total occlusion (CTO), a complex vessel condition of complete blockage of a coronary artery. CTO is considered more difficult to treat with percutaneous coronary intervention (PCI) due to a greater risk of complications.

  7. In September 2019, OrbusNeich Medical K.K., a Japan-based company, received approval for its COMBO Plus Coronary Stent from the Japan Ministry of Health, Labor, and Welfare (MHLW). The COMBO Plus Coronary Stent is the first drug-eluting stent [DES] to combine the proprietary endothelial progenitor cell [EPC] capture technology with an abluminal sirolimus drug elution delivered from a biodegradable matrix polymer that achieves full and complete dissipation in 90 days. • Moreover, in May 2019, Medtronic Plc launched the Telescope Guide Extension Catheter. The extension catheters help to deliver coronary stents, balloons and other interventional devices during angioplasty procedures that help to restore blood flow through the coronary and peripheral arteries.

  8. Global Coronary Stents Market – Impact of Coronavirus (Covid-19) Pandemic • Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries around the globe with the World Health Organization declaring it a public health emergency. According to the World Health Organization’s report, the manifestation of COVID-19 has resulted in more than 20.6 million infected individuals worldwide as of 13 August 13, 2020. Furthermore, the global COVID-19 pandemic has led to a sudden pause in manufacturing activities across the globe, thereby affecting demand for coronary stents, as well as production and processing of coronary stents.

  9. Market Restraint • Factors such as risky stent implantation and complications associated with implantation of stents is expected to negatively affect growth of the market. For instance, stents implantation is prone to stents displacement and re-narrowing of the arteries. Re-blockages are addressed by administering blood-thinning drugs, which is leading to high adoption of drug eluting coronary stents.

  10. Key Players • Major players operating in the global medical metal tubing market are Boston Scientific Corporation, Abbott, Medtronic plc, B. Braun Melsungen AG, Stentsy SA, Terumo Interventional Systems, Kyoto Medical Planning Co., Ltd., QualiMed, Elixir Medical Corporation, ENDOCOR GmbH, BIOTRONIK SE & Co. KG, Amaranth Medical, Inc. and Arterial Remodeling Technologies SA

  11. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/coronary-stents-market-2031

  12. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  13. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  14. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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