Global Bare Metal Stents Market, By Product (Balloon Catheter, Self-Expendable, Metallic Stent, and Balloon Expendable Stent), End Users (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bare Metal Stents Market
Bare metal stents market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 11,464.79 million and grow at a CAGR of 5.98% in the above-mentioned forecast period. Rise in prevalence of coronary heart diseases drives the bare metal stents market.
Bare metal stent is a type of stent which does not contain any coating or covering. It generally consists of a mesh-like tube with a thin wire and the structure of a bare metal stents looks like a metallic coil or a tubular mesh, that is usually made up stainless steel, cobalt chromium alloy, or other high-grade metals. Bare metal stents surgeries do not include incisions procedures and are generally performed under local anaesthesia.
Rising technological advancements in the healthcare sector is the vital factor escalating the market growth, also rising growth in geriatric population, increasing incidence of coronary artery disease and subsequent growth in the number of PCI procedures, rising demand for minimally invasive procedures, increasing burden of coronary artery disease in the U.S. and rising price control of coronary stents in Asia Pacific region are the major factors among others driving the bare metal stents market . Moreover, rising bioresorbable vascular scaffolds and increasing emerging markets will further create new opportunities for bare metal stents market in the forecasted period of 2021-2028.
However, rising availability of alternative treatment methods for coronary artery disease, rising stringent regulations for product approval and increasing product failure and product recalls are the major factors among others which will obstruct the market growth, while rising complications associated with implantation of stents and declining costs of stents will further challenge the growth of bare metal stents market in the forecast period mentioned above.
This bare metal stents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bare metal stents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bare Metal Stents Market Scope and Market Size
Bare metal stents market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the bare metal stents market is segmented into balloon catheter, self-expendable, metallic stent, and balloon expendable stent.
- The bare metal stents market is also segmented on the basis of end-user into hospitals, ambulatory surgical centers, and cardiac catheterization laboratories.
Bare Metal Stents Market Country Level Analysis
Bare metal stents market is analysed and market size insights and trends are provided by country, product and end-user as referenced above.
The countries covered in the bare metal stents market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bare metal stents market due to rising lifestyle resulting in obesity and other cardiovascular diseases such as heart attack, stroke, and ischemic heart diseases (IHD), rising incidence of coronary artery disease and subsequent growth in the number of PCI procedures and rising demand for minimally invasive procedures in this region. Asia-Pacific is the expected region in terms of growth in bare metal stents market due to rising aging population with cardiovascular disease, rising PCI procedures, improving healthcare infrastructure in developing economies, growing healthcare awareness, improved reimbursement scenario, and low manufacturing cost of coronary stents in this region.
The country section of bare metal stents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Bare metal stents market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for bare metal stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bare metal stents market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Bare Metal Stents Market Share Analysis
Bare metal stents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bare metal stents market.
The major players covered in the bare metal stents market report are Abbott, Boston SciTech Inc. Minvasys, Medinol Ltd, iVascular SLU, Elixir Medical Corporation, Inspire MD Inc., STENTYS SA, Hexacath, Medtronic, Andramed GmbH, Cardinal Health, ORBUSNEICH MEDICAL, Eurocor Tech GmbH, Comed B.V., Endocor GmbH, MicroPort Scientific Corporation (China), Amaranth Medical, Inc., Terumo Corporation, Degania Silicone Ltd., Meril Life Sciences Pvt. Ltd. (IN), InSitu Technologies Inc., AlviMedica, Biotronik SE & Co. KG, amg International GmbH, Arthesys, Lepu Medical and Translumina Therapeutics among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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