The global demand for Cobalt Chromium Stent Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Cobalt-Chromium Stent, a small, expandable tube made of cobalt and chromium is used to treat diseases related to the arteries. A stent is used to prevent further plaque build-up in already blocked arteries of a patient and promote the free flow of blood to the heart. A stent is generally coated with a medicine to prevent the growth of scar tissue into the artery. Low-cost Co-Cr stents are very effective in treating coronary artery disease because of their strength, biocompatibility, good radiopacity, better MRI compatibility, and high resistance to corrosion and fatigue. A stent is inserted inside a patient's heart using a less invasive procedure called the coronary angioplasty. A person with a stent can lead a normal life along with a healthy lifestyle.
The growing number of people with cardiovascular disease is the key driver for the growth of this market. The proven track record of Co-Cr agents to reduce cardiac mortality rates will be a major boost for the market growth. The reduction in the frequency of restenosis in patients will boost the market for a stent. Additionally, the rising demand for less invasive cardiac procedures will be a market booster. The stents market will continue to thrive during the COVID-19 pandemic since it plays a vital role in treating fatal cardiac disease. The stents do pose some risks like a blood clot and this could have a negative impact on market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of cobalt chromium stent.
The entire cobalt chromium stent market has been sub-categorized into product type and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Coronary Artery Stents
- Peripheral Vascular Stents
- Cardiac Centers
- Ambulatory Surgical Centers
This section covers regional segmentation which accentuates on current and future demand for cobalt chromium stent market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Cobalt Chromium Stent Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cobalt chromium stent market include BIOTRONIK AG, Abbott, Cordis Corporation, Medtronic, Boston Scientific Corporation, Biosensors International Group, Ltd., Cook Medical, Alvimedica, Insitu Technologies. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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