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Research analysis on the global carotid stents market identifies that the increasing number of catherization laboratories will be one of the major factors that will have a positive impact on the growth of the market. The adoption of latest diagnostic imaging frameworks is increasing in these catherization laboratories because these imaging technologies enable the visualization of arteries and heart chambers. Various diagnostic tests and procedures like angiogram, angioplasty, and pacemaker implantation are carried out in these laboratories. Also, the rising need to diagnose and treat cardiovascular diseases (CVD) is driving the demand for recent imaging innovations. Furthermore, the diagnosis and treatment of complex coronary and valvular cases in catherization laboratories is increasing due to the rising volume of cardiovascular and coronary interventions. This in turn, will drive the adoption of the carotid stent as well. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 12% by 2021.
One of the key trends that will gain traction in the global carotid stents market throughout the projected period is the rising demand for minimally invasive (MI) procedures. MI procedures for heart diseases involve small incisions to insert delicate instruments into the body. MI procedures enable the surgeons to place the carotid stents safely inside the patient’s body. These procedures quicken the recovery period by reducing the physical injury risk and minimizing the chances of an infection. This in turn, will drive the demand for MI instruments such as carotid stents.
The carotid stents market is characterized by the presence of established vendors. These vendors are increasingly competing against each other based on factors such as innovation in technology, effectiveness, ease of operation, pricing, performance, and partnerships. Vendors of the carotid artery stenting market are focusing on expanding their product portfolio by investing in research and developmental activities and product development. Furthermore, regional vendors are offering products at a lesser price in comparison to global vendors. This in turn, will strengthen the competitive environment.
Key vendors in this market are -
Other prominent vendors in the market include Balton, InspireMD, optimed, and W. L. Gore & Associates.
The number of tier-1 and tier-2 and public and private hospitals is increasing due to the rapid urbanization in APAC and some parts of EMEA. Also, the demand for products like carotid stents from these hospitals is increasing due to the rising awareness about the benefits of leading a better and healthy life. The adoption of carotid artery stenting will continue to increase during the estimated period due to the rising focus of governments in APAC and under-developed countries in EMEA to provide healthcare facilities in rural areas.
North America contributes the majority of shares towards the carotid stents market during 2016. The market is witnessing growth in the Americas because the North American governments are taking measures to improve the healthcare outcomes and reduce the hospital expenditures. The carotid artery stenting market will continue to grow in the region throughout the forecasted period due to the presence of major manufacturers of carotid stents such as Abbott, Medtronic, and Boston Scientific in the Americas.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-users
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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