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Drug eluting stent, also known as medicated coronary stent, is a tiny, expandable metal mesh tube that is covered with a pharmacologic agent (drug), which is used to prevent artery blockages in patients after angioplasty. The drug eluting stent market in China presents immense growth opportunities for vendors to expand their businesses during the forecast period, growing at a CAGR of close to 11%.
In recent years, the prevalence of cardiovascular diseases (CVDs) such as stroke, myocardial infarction, and CHDs have increased. The Chinese government is undertaking numerous measures to control and prevent CVDs, however, the mortality and morbidity rates are increasing continuously in the country. The high occurrence of obesity is also another leading cause of the rise in CVD cases in China. These factors will significantly contribute to the drug eluting stent market growth.
The competitive environment in this market is anticipated to progress with an increase in product extensions and technological innovations in drug eluting stents, which is facilitating vendors to expand their businesses in China. The vendors majorly compete to gain maximum drug eluting stent market share.
Key vendors in this market are
Other prominent vendors include Boston Scientific, Biosensors International, Cook Medical, Opto Circuit, QualiMed, Sinomed, and Terumo Medical.
Technavio’s market research analysts analyze upcoming trends, such as the high demand for minimally-invasive procedures, escalating from among members of the rapidly increasing elderly population worldwide. This increasing demand is expected to elevate the growth of the drug eluting stent market in China.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the drug eluting stent market in China. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Technavio also offers customization on reports based on specific client requirement.
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