Industry Background:
A drug-eluting stent is small expandable tubes made of wire placed into narrowed, diseased coronary arteries that slowly release a drug to block cell proliferation. Stent helps to hold the artery open to release a drug that stops blockage occurring in artery and increases the blood flow. The stent is generally placed within the coronary artery by an Interventional Cardiologist during an angioplasty procedure. The constantly rising geriatric population across the globe is primarily driving the growth of the market
The Global Drug Eluting Stents market presents a comprehensive analysis of the Drug Eluting Stents market by product type (Bare metal Stents, Drug eluting Stents and Drug eluting Balloons), by end-user/application (Coronary Artery Disease and Peripheral Artery Disease), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Abbott Laboratories (United States), Boston Scientific Corporation (United States), Terumo Corporation (Japan), Medtronic (Ireland), Biosensors International (Singapore), Cook Medical (United States), Envision Scientific (India) and Biotronik (Germany). Additionally, other players that are part of this comprehensive study are Lepu Medical (China) and Stentsys (France).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Abbott Laboratories (United States), Boston Scientific Corporation (United States), Terumo Corporation (Japan), Medtronic (Ireland), Biosensors International (Singapore), Cook Medical (United States), Envision Scientific (India) and Biotronik (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The reimbursement coverage along with a high incidence rate of artery diseases
Market Growth Drivers:
The rising geriatric population worldwide and The increasing prevalence of chronic diseases, such as diabetes and cardiac arrest
Challenges:
Decreasing price of device.
Restraints:
Rising risk of developing late-stage thrombosis
Opportunities:
Increasing demand from emerging economies
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Drug Eluting Stents industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the North America holds majority of market share of the Drug Eluting Stents, the Asia Pacific has emerged as a crucial market for several Drug Eluting Stents brands.
The Drug Coating, such as Polymer-based Coatings, is boosting the Drug Eluting Stents market and is anticipated to experience a steady growth during the forecast period.
The End user, such as Hospitals, is boosting the Drug Eluting Stents market and is anticipated to experience a steady growth during the forecast period.
On 24 Sept, 2018, Boston Scientific announced that the U.S. Food and Drug Administration (FDA) has approved its Premarket Approval (PMA) application to market the Eluvia™ Drug-Eluting Vascular Stent System, specifically developed for the treatment of peripheral artery disease (PAD)
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)