Coronary Stents Revenue in North America Accounts for 30% of the Share as Rise in Medical Tourism
Around US$ 10.1 billion will be spent on coronary stent sales globally in 2020. By the end of 2028, the market for coronary stents is expected to grow at a 12.9% CAGR and reach a value of US$ 25.7 Bn. The market is expanding rapidly due to rising use of drug eluting stents, which account for about 80% of the total market size.
Coronary stents are tubular medical implants that keep the coronary artery open and provide sufficient blood flow. Due to an increase in occurrences of heart disease and other cardiovascular problems, the global market for cardiovascular devices is growing quickly.
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Why is North America Expected to Lead the Global Coronary Stents Market?
In 2020, the market for coronary stents in North America accounted for about 30% of total revenue. An ageing population, improved healthcare facilities, an increase in the prevalence of cardiac ailments, and advantageous reimbursement situations are driving the market expansion in the region.
The rise in medical tourism and increased demand for novel goods with improved attributes are projected to be the main drivers of the North American coronary stent market.
The opening of specialised clinics and greater funding for coronary stent advancements are helping to expand the market in the United States. Furthermore, the existence of significant coronary stent producers in the US significantly boosts growth.
Key Companies Profiled
- Abbott Laboratories, Inc.
- Boston Scientific Corporation
- Medtronic, Inc.
- Terumo Corporation
- B. Braun Melsungen AG
- C. R. Bard, Inc.
- Cook Medical, Inc.
- Biotronik SE & Co. KG
- MicroPort Scientific Corporation
In order to help market leaders, investors, small businesses, and others gain insight into the global market, Coronary Stents market global report offers reliable and useful industry information and statistics on the domestic and international markets.
Participants in the market are provided with the knowledge they need to make vitally important decisions, such as market expansion and foreign market investment, thanks to the study. The study makes predictions about upcoming business, political, and economic trends and developments that may have an impact on how they behave on a national and international level.
What are the key benefits of this Coronary Stents market research report?
- The report does a CAGR computation and covering regulatory updates, best market practices, and new trends in the market.
- The report does international Coronary Stents market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
- The report provides domestic as well as international planning in terms of business expansion and investments.
- The report suggests strategies to the key participants that to enable them expand in their business in existing or new international markets.
- The report is the overall outlook of the global industry economy.
- The report covers all the topics in the Coronary Stents market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.
All market-related issues, markets, and concepts are included in the study. In addition to discussing concerns related to the selected markets, the study also addresses the multinational businesses that have recently dominated the Coronary Stents industry.
The analysis comprises statistical data presented as graphs that indicate the state of the industry on both domestic and international markets. The research’s conclusions are supported by global industry experts and analysts as well as market risks and opportunities.
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The significance of Coronary Stents research, which use a variety of data collection techniques and seeks to understand consumer preferences, geographic markets, and segmentation that may give an advantage over other organisations, has increased in recent years. The information and data gathered throughout the research are typically extensive and complex.
However, utilising tried-and-true methodology and procedures, these complex industry insights are simplified for the market study’s target users. Businesses can choose from a variety of solutions with the aid of estimates of CAGR values, market drivers, and market constraints. After speaking with an expert, the process of creating a market report is started using a few phases or the combination of many techniques.
Coronary Stents Market: Segmentation
- By Product:
- Bare Metal Stents
- Drug Eluting Stents
- Bio-absorbable Stents
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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The key business strategies discussed in this market research revolve around-
- Which are the key business segments in the global industry?
- What are the important elements used to study the business intelligence of the market?
- What is the market value of the dominant firms operating in the Coronary Stents industry?
- What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the industry?
- What are the entry barriers and expansion barriers globally in the business?
- What are the trends in the market, growth possibilities, investment risks in the worldwide Coronary Stents market?
- What are the prospect opportunities and industry investment chances in the market?
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