Global Carotid Stents Market 2017-2021

This market research study identifies Abbott, Boston Scientific, Cardinal Health, Medtronic, and Terumo as the leading players in the global carotid stents market. A comprehensive analysis of this market is also presented by end-users (hospitals and ASCs) and by geography (the Americas, APAC, and EMEA).

Overview of the global carotid stents market

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.

Competitive landscape and key vendors

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 -

• Abbott
• Boston Scientific
• Cardinal Health
• Medtronic
• Terumo

Other prominent vendors in the market include Balton, InspireMD, optimed, and W. L. Gore & Associates.

Segmentation by end-users and analysis of the carotid stents market

• Hospitals
• ASCs

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.

Segmentation by geography and analysis of the carotid stents market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the carotid stents market size and the growth rate be in 2021?
• What are the key factors driving the global carotid stents market?
• What are the key carotid stents market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global carotid stents market?
• What are the market opportunities and threats faced by the vendors in the global carotid stents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global carotid stents market?

Technavio also offers customization on reports based on specific client requirement.