Healthcare Coronary Stent Market | Page 2

The global coronary stent market is segmented into product type such as drug
eluting stent, bare metal stent and bioresorbable vascular stent. Among these
segments, drug eluting stent segment is expected to occupy top position in overall
coronary stent market during the forecast period. This can be attributed to the
advantages of drug eluting stent over other coronary stent such as lower chances
of complications. However, bare metal stents are anticipated to witness
significant growth during the forecast period owing to its lower cost as compared
to other coronary stents.
Global coronary stent market is expected to flourish at a significant CAGR during
the forecast period. Moreover, the global coronary stent market was estimated at
USD 8.6 Billion in 2015. Rapid growth of aging population and increasing
cardiovascular diseases across the globe are fostering the growth of the global
coronary stent market.
North America captured largest market share of coronary stent in 2016. Further,
North America is projected to continue its dominance over the forecast period.
High prevalence of coronary heart diseases in the United States is fueling the
demand for coronary stents. According to a U.S. health agency “Center for
Disease Control and Prevention”, more than 370,000 people die of coronary
heart disease annually. Further, continuous effort of the U.S. government to
prevent heart diseases and strokes through various action plans and policies is
anticipated to accelerate the growth of coronary stent market. Asia Pacific is
anticipated to showcase lucrative growth in coronary stent market during the
forecast period. Factors such as increasing penetration of coronary disease
among urban population and favorable government initiatives are expected to
strengthen the growth of coronary stent market in Asia Pacific region. In India,
coronary disease prevalence rate has rose from 4% to 11% among urban
population in the past five decades. This fact coupled with recent initiatives of
government of India such as reduction in the price of coronary stent is likely to
drive the growth of coronary stent market.
High Prevalence of Coronary Heart Disease
Growing cases of cardiovascular diseases in the world is major factor behind the
growth of coronary stent market. According to World Health Organization, more
than 17.7 million people die every year from cardiovascular diseases. Further, the
cases of cardiovascular diseases are projected to increase in the upcoming years.
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