(PharmaNewsWire.Com, December 21, 2017 ) Latin America Vascular Stent Market by Product (Peripheral Stents, Coronary Stents, EVAR Stent Grafts), By Type (Bare-Metal Stents, Drug Eluting Stents, Bio Absorbable Stents), By Mode of Delivery (Self-Expanding Stents, Balloon Expandable Stents), By Material (Metal, Polymer), By End User and By Region – Latin America Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Latin America Vascular Stent Market was worth USD 1.92 billion in 2016 and is projected to be growing at a CAGR of 11.5%, to touch USD 2.68 billion by 2021. Stents decrease the chance of a heart attack by assisting in keeping the coronary arteries uncluttered. The stent is implanted into the clogged artery, locking in place and bringing about the opening of the artery.
A stent once implanted, rests in the artery permanently. A jammed stent can be substituted or removed by the procedure of angiography. Stents aid in the lessening of recurring blockage or contraction after an angioplasty procedure, which comprises the use of a plaque with an inflating helping device and is used to stretch the artery open and increase blood flow to the heart.
The growth of the Latin America Vascular Stent Market is driven by factors such as the increasing geriatric populace, growing frequency of incidence of cardiovascular diseases, and, the rising consumer and surgeon preference for the use of stents in the place of substantially invasive procedures. However, the growth of the Latin America Vascular Stent Market is constrained by stringent government regulations and cases where the implantation of stents has resulted in failure.
The Latin America Vascular Stent Market is segmented on the basis of Product, Type, Mode of Delivery, Material, End User and Geography. Based on the Product, the Vascular Stent market is divided into Peripheral Stents, Coronary Stents, and EVAR Stent Grafts. Based on Type, the Vascular Stent Market is segmented into Bare-Metal Stents, Drug Eluting Stents, and Bio absorbable Stents. On the basis of Mode of Delivery, the market is categorised into Self-Expanding Stents and Balloon Expanding Stents. Further, based on Material, it is divided into Metal and Polymer. On the basis of End User, the market is distributed among Hospitals and Research Institutes.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. There is potential for market growth in the future due to increasing incidence of CVDs, growing disposable incomes and a rise in infrastructural & pharmaceutical investments by administrative bodies.
The significant players in the Latin America Vascular Stent Market are Medtronic, plc (Ireland), Abbott Laboratories (U.S.), Boston Scientific Corporation (U.S.), BIOTRONIK SE & Co. KG (Germany), B. Braun Melsungen AG (Germany), Terumo Corporation (Japan), STENTYS SA (France), MicroPort Scientific Corporation (China), Meril Life Sciences Pvt. Ltd. (India), Vascular Concepts (India), W. L. Gore and Associates (U.S.), C. R. Bard (U.S.), Endologix, Inc. (U.S.), Lombard Medical Technologies (U.K.), Translumina GmbH (Germany), and JOTEC GmbH (Germany).
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