A newly published report by QY Research titled, “Global Bare Metal Stents Market Share and Growth 2019,” is a comprehensive document with the detailed information about the industry of medical devices & consumables along with focus on a key market trend across the globe. This report offers a key market insight into the bare metal stents market with an in-depth study of the key market segmentation i.e. by application and product type. According to this report, the global (BMS) bare metal stents market is likely to grow at US$ 660 Mn by the end of 2025 from US$ 540 Mn in the year 2018. The (BMS) Bare Metal Stents market is growing with a sluggish CAGR of 2.6% over the projected period of 2019-2025.
Increasing number of cath labs is likely to fuel the growth of the market
The worldwide market for bare metal stents is growing significantly due to some of the factors such as the growing incidence of cardiovascular heart diseases, increasing elderly population, increasing development of bioresorbable stents, and technology advancements. One of the latest trends that gain traction in the global market is the increasing number of cath labs. The existence of favorable reimbursement policies acts as one of the preliminary factors that drive the growth of the market in the years to come.
However, stringent government regulations for approval and post-operative complications are likely to limit the growth of the market over the anticipated period.
Global Bare Metal Stents Market: Segmental Analysis
The bare metal segments market is segmented into application and product type. On the basis of product type, the market is segmented into Pt-Cr Stent, Co-Cr Stent, and Others. Based on the application, the market is segmented into For Small Vessel (<3mm) and For Large Vessel (≥3mm).
Global Bare Metal Stents Market: Geographical Outlook
North America is likely to grab a remarkable market share due to the existence of promising government policies, new product developments, and refined healthcare infrastructure. The Asia Pacific is expected to grow at a significant rate due to growing elderly population, changing lifestyle and the growth of tourism industry. Technology advancements in emerging economies such as India and China are likely to propel the growth of the market in the years to come.
Global Bare Metal Stents Market: Leading Companies
Biotronik, Abbott Vascular, MicroPort, Medtronic, B.Braun, Boston Scientific, Biosensors, and Terumo are some of the major players that are functioning in the worldwide market for bare metal stents.
Global Bare Metal Stents Market: Competitive Landscape
Competitive landscape comprises of the profiles of top players with their PESTEL and SWOT analysis along with their key market strategies. The report also focuses on top manufacturers with information such as the company’s financial statement, company profiles, and services offered.
Full Report Overview@ https://www.qyresearch.com/index/detail/989152/global-bare-metal-stents-market