Stents Market to Reach More Than $10.6 Billion in 2019
BCC Research reveals in its new report on stents there has recently been several innovations and developments expected to influence the market, particularly with bioabsorbable stents. The stents market is predicted to grow by a compound annual growth rate (CAGR) of 5.7%, from nearly $8.1 billion in 2014 to more than $10.6 billion in 2019.
Stents are primarily used in cardiovascular diseases, which account for the largest number of deaths in developed nations. They are a solution to several coronary and non-coronary diseases to decrease disease morbidity as well as mortality rates, depending on the type of stents used and their related risks.
Some of the factors contributing to the growth in the stents market include an increasing trend in performing minimally invasive procedures, a rise in the number of cardiovascular and peripheral diseases, and the emergence of new products with proven clinical efficiency and efficacy. However, the availability of alternative treatments coupled with a rise in research and development for those treatments are some factors limiting or challenging market growth. In addition, the stents market is currently facing turbulence due to a decline in some key markets combined with promising growth in other sectors. The market is also experiencing continuous price erosion in some product segments.
“The stents market is mature in key regions, such as the US and Europe, where the market’s success can only be ensured by developing significantly promising products and/or disruptive technology, which could reinvigorate the market,” says BCC Research analyst Himani S. Wadhwa. “This is expected to start happening in the coronary stents market over the next five years.”
Stents: Technologies & Global Markets measures, forecasts and segments the global stents market by type of stent devices and products market. The report also highlights key market strategies, trends and recommendations, as well as provides a quantitative assessment of the market to help manufacturers and suppliers understand the growth potential of different market segments. The report focuses on stent devices such as bare-metal, drug-eluting and fully bioabsorbable stents.
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today’s major industrial and technology sectors, including emerging markets. BCC Research is a unit of Eli Global, LLC. Visit www.bccresearch.com. Contact: (+1) 781-489-7301 (US Eastern time), or email information@bccresearch.com.
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