Market Snapshot:
A coronary stent is referred to as a miniature tube which is been used to open a narrowed artery during the procedure of PCI (percutaneous coronary intervention). This kind of treatment comprises of the insertion of a balloon-tipped tube in the artery system which is then transported to the location of the blockage. The stent enlarges and after the balloon inflates it forms a platform. This procedure helps the artery to open and stabilize the flow of blood to the heart. The Coronary stents are basically used in the treatment of cardiac disorders like myocardial infarction, angina pain, and coronary artery disease. The market of the coronary stents is increasing due to the growing demand for procedures of minimally invasive surgical. While some of the factors like the risk associated with the surgery and technical issue regarding the stents can cause the hampering of the market.The research analyst at AMA estimates Coronary Stents market to grow at a compounded annual growth rate of 8.8%
Segment Analysis
AMA Research have segmented the market of United States Coronary Stents market by Type, Application and Region. On the basis of Type, Drug-Eluting Stents are dominating the market in the year 2021
On the basis of geography, the market of Coronary Stents has been segmented into North America (United States, Canada, Mexico).
Market Trend
Growing patient pool coupled with introduction of cutting-edge equipment
Market Drivers
Technological Advancements in the Coronary Stents and High Demand for Minimally Invasive Surgical Procedures
Opportunities
Declining Prices Of Coronary Stents and Advantages like Reduced Hospital Stays, and Lesser Healing Time Associated with Use of Advanced and Miniaturized Coronary Stents.
Restraints
- Technical Issues in CT Imaging of Coronary Stents
In addition to the aforementioned factor, Technological Advancements in the Coronary Stents
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
The key Players profiled in the study are Abbott Laboratories (United States), Boston Scientific Corporation (United States), Elixir Medical Corporation (United States), Reva Medical Inc. (United States), C. R. Bard, Inc. (United States), Medtronic (United States), Proven Process Medical Devices, Inc. (United States), Edwards Lifesciences (United States) and W. L. Gore & Associates (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.