Global Coronary Artery Disease Treatment Devices Market to Observe Strong Development by 2024

The latest report on Coronary Artery Disease Treatment Devices Market (by product type (PTCA balloon catheters, coronary stents and coronary guidewires)) provides complete and deep insights into the market dynamics and growth of coronary artery disease treatment devices. The latest information on market risks, industry chain structure coronary artery disease treatment devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential coronary artery disease treatment devices growth factors. According to the report the global coronary artery disease treatment devices market is projected to grow at a CAGR of 5.45% over the forecast period of 2018-2024.

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The thickening and narrowing of the coronary arteries disturb the flow of oxygen and nutrients to the heart, these vessels bring blood to the heart. The chest pain or discomfort in the shoulder, back, arm, neck, or jaw are a common symptoms of coronary artery disease. The percutaneous transluminal coronary angioplasty (PTCA) balloon catheters, coronary stents and coronary guidewires are the product types of coronary artery disease treatment devices. The percutaneous transluminal coronary angioplasty (PTCA) is a minimally invasive process in which a long, thin tube called a catheter is inserted into the coronary arteries that helps blood to flow free to the heart muscle. The catheter has a small balloon on its tip, the balloon expands at the blockage site in the artery to flatten or compress the plaque against the artery wall. The coronary stents acts as a support or framework, to keep the vessel open and to increase the blood flow and reduce the pain of angina. Coronary stents are commonly used for treating coronary disease. Balloon catheters and guidewires act as secondary devices for the treatment of coronary artery disease.

High Incidence of Cardio Vascular Diseases (CVDs) and the Growing Geriatric Population is Driving the Growth of this Market

The high incidence of cardiovascular diseases (CVDs) and the growing geriatric population is driving the growth of this market. Moreover, the change in lifestyle and increasing psychosocial stress leads to coronary artery disease, thus the demand for coronary artery disease treatment devices has increased significantly. On the other hand, the cost of devices are high, which is hampering the growth of the market. Furthermore, leading manufacturers focusing on the development of technologically advanced devices can bring new opportunities to the market.

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North America Dominates the Coronary Artery Disease Treatment Devices Market

North America dominates the coronary artery disease treatment devices market, followed by Europe. North America accounted for the highest market share in 2017 on the rising geriatric population having cardiovascular and diabetes disease. In addition, countries like U.S and Canada has developed healthcare infrastructure and improved reimbursement policies. These factors to fuel market growth. Asia Pacific region is the fastest-growing region on account of developing healthcare infrastructure in emerging economies such as China and India and rising disposable income in this region will boost the growth in this region.

The Merger and acquisition, new product launch and technology advancement are the key strategy of the leading player to maintain their position in the world market. The majority of the market share is covered by the leading player. The Abbott Vascular offers XIENCE Family of stents device that are used to treat coronary artery disease.

Segmentation of the Coronary Artery Disease Treatment Devices Industry

The report on global coronary artery disease treatment devices market covers segments such as, product type.  On the basis of product type the global coronary artery disease treatment devices market is categorized into PTCA balloon catheters, coronary stents, and coronary guidewires.

Key Players in the Coronary Artery Disease Treatment Devices Industry

The report provides profiles of the companies in the global coronary artery disease treatment devices market such as, B. Braun Melsungen, Medtronic plc, Abbott Vascular, Boston Scientific, Terumo, Cook Group, Biotronik SE & Co. KG, C. R. Bard, Inc, MicroPort Scientific Corporation and Others.

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Reasons to Buy this Report:

• Comprehensive analysis of global as well as regional markets of the coronary artery disease treatment devices.
• Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
• Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
• Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.