Global Coronary Artery Disease Medical Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Coronary Artery Disease Medical Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coronary artery disease medical devices market report has been segmented on the basis of type, application, and region.
Global Coronary Artery Disease Medical Devices Market: Overview
Coronary artery disease occurs when the major blood supplying vessels to the heart is damaged. Some of the reasons for coronary artery disease are increase in the deposit of cholesterol-containing in arteries.
Global Coronary Artery Disease Medical Devices Market: Dynamics
Rising number of patient suffering from coronary artery diseases in developed and developing countries and rapid advancements in drug emulating stent and balloon are major factors expected to drive growth of the global market. In addition, increasing government expenditure on the healthcare sector in order to facilitate the adoption of advanced healthcare services is another factor expected to drive growth of the global market.
Moreover, some other factors that are expected to increase demand for coronary artery disease medical devices are increasing spending capacity, changing lifestyle pattern and growing number of heart inpatient. In addition, rising geriatric population across the globe and demand for a stent with biodegradable materials and bifurcated stents are among other factors expected to further support market growth.
However, high-cost of devices is a major factor expected to hamper growth of the global market. In addition, stringent government regulations related to product approval is another factor expected to further challenge the market growth.
Technological advancements by major players, coupled with innovative product offerings are expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, growing public-private partnerships for R&D activities are expected to further support the market growth.
Global Coronary Artery Disease Medical Devices Market: Segment
Among the type segments, the coronary stents segment is expected to dominate in the target market over the forecast period.
Among the application segments, the hospital segment is expected to dominate in the target market over the forecast period.
Global Coronary Artery Disease Medical Devices Market: Region
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This dominance can be attributed to the rising number of patient suffering from cardiovascular diseases, availability of favorable reimbursement policies, and the presence of major manufacturers operating in the countries in this region. In 2016, According to the American Heart Association, Inc., coronary heart disease accounted for 13% of deaths which was 363,452 deaths in the US.
In addition, increasing business expansion activities through strategic mergers and acquisitions is another factors expected to further support the market growth in this region to a certain extent.
The market in Asia Pacific is expected to witness faster growth, owing to developing healthcare regulations and standards and the presence of prominent players operating in emerging economies in this region. The markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period.
Global Coronary Artery Disease Medical Devices Market Segmentation
Segmentation by type
- Coronary Stents
- PTCA Balloon Catheters
- Coronary Guidewires
Segmentation by application
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Braun Melsungen AG
- Amaranth Medical, Inc.
- Blue Medical Devices B.V.
- Abbott Vascular Inc.
- Boston Scientific Corporation
- Medtronic, Inc.
- Terumo Corporation
- Biotronik, Inc.
- REVA Medical, Inc.
- Atrium Medical Corporation
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