Treatment of coronary artery disease through interventional cardiology, by stenting and angioplasty, remains competitive in its clinical outcomes and cost compared to traditional coronary artery bypass graft (CABG) and rising minimally invasive alternatives to CABG. Further, several manufacturers have mainly eliminated the concerns about late stent thrombosis that is likely to slow down the market in stents, as they have largely produced technology developments in stents, their composite coatings, and materials.
Coronary Artery Disease Treatment Devices Market Size – USD 12.2 billion in 2016, Market Growth – CAGR of 5.55%, Market Trends – The high occurrence of cardiovascular diseases (CVDs) and the increasing geriatric population is likely to fuel the development of this market.
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The change in the standard of living and rising psychosocial stress is likely to lead to coronary artery disease, therefore the demand and popularity for coronary artery disease treatment devices have grown considerably. On the other hand, the costs of devices are high, which is restraining the growth of the market. In addition, the major key manufacturers focusing on the expansion of technologically advanced devices are expected to bring new opportunities to the market.
North America is likely to dominate the coronary artery disease treatment devices market, which is expected to be followed by Europe. North America is expected to account for the maximum market share in 2016 on a growing geriatric population having diabetes and cardiovascular disease. In addition, countries like Canada and the U.S have developed healthcare infrastructure as well as improved reimbursement policies, thus the above-mentioned factors are likely to fuel the global market growth.
Most exhaustive List of Top key vendors in Coronary Artery Disease Treatment Devices Market are:
Abbott Laboratories, B. Braun Melsungen AG, Biosensors International Ltd, Biotronik, Boston Scientific, Cardinal Health, Cook Medical Inc., Medtronic Inc., and Terumo Medical Corporation.
In terms of Type (Revenue, USD Billion; 2016-2026)
In terms of End-user (Revenue, USD Billion; 2016-2026)
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Further key findings from the report suggest
- The global equine healthcare market share of 12.2 billion in 2016 and forecast to grow at a CAGR of 5.55%, during the forecast period.
- On the basis of type, the global coronary artery disease treatment devices can be split into Coronary Stents, PTCA Balloon Catheters and Coronary Guidewires. In terms of application, the global coronary artery disease treatment devices market is bifurcated into Hospitals and Clinics.
- The United States, presently, is anticipated to continue with its major share in the coronary stents market. Much of the popularity and demand and production of interventional cardiology devices are taken up by Europe and North America. North America is likely to have a high consumption rate of premium-priced interventional cardiology devices, as well as it is the province that can offer to a high rate of innovation in medical devices, therefore, dominating this market.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
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