The growing incidence of cardiovascular disease around the world is creating growth opportunities for the “global cardiovascular stents market,” Fortune Business Insights predicts in its new study. The study is titled “Cardiovascular Stents Market: Global Market Analysis, Outlook and Forecast, 2018-2025”. According to Fortune Business Insights, the market is expected to grow at a CAGR of 6.6% and reach a valuation of US $ 13,100.2 million by 2025 from US $ 7,838.9 million in 2017.
In terms of stent type, the drug eluting stents segment is expected to hold a larger share of the market, thus occupying the dominant position. This dominance is attributable to key companies introducing next-generation drugs for drug elution systems (DES), and is expected to continue in the years to come.
When it comes to end users, the hospital segment occupies a dominant position in the global market as it registers the highest consumption of cardiovascular stents.
Alpine Stent to Open Growth Opportunities for the Asia-Pacific Market
The cardiovascular stent market in North America has become dominant and was valued at US $ 2344.9 million in 2017. This is mainly due to the presence of better medical facilities and skilled professionals in the developed countries of Canada and the United States. United. dominant in the coming years also due to ongoing clinical trials of new stents in the United States and various regulatory approvals for cardiovascular stents.
The Asia Pacific Cardiovascular Stents market is expected to show faster growth due to improved cardiovascular stent distribution in emerging economies such as China and India. In order to improve their accessibility, a price cap on stents is being introduced in these developing countries and this will help the market to gain momentum. Thus, Asia-Pacific is likely to register as the fastest growing region in the country during the expected term of office.
Various companies operating in the global cardiovascular stents market are
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