Infinium Global Research has added a new report on “Coronary Artery Disease Treatment Devices Market (Product – PTCA Balloon Catheters, Coronary Stents and Coronary Guidewires): Global Industry Analysis, Trends, Market Size and Forecasts to 2024.”
The report covers the analysis of global as well as regional markets of Coronary Artery Disease Treatment Devices. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. 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.
The high incidence of cardio vascular 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 the coronary artery disease, thus the demand for coronary artery disease treatment devices have increased significantly. On the other hand, the cost of devices are high, that 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 region to dominate the global Coronary Artery Disease Treatment Devices Market through 2018-2024
North America dominates the coronary artery disease treatment devices industry, followed by Europe. North America accounted for the highest market share in 2017 on 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 the 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
Medtronic to Expand Heart Failure Portfolio with Acquisition of Heartware International
In August 2016, Medtronic plc, the global leader in medical technology, and Heart Ware International, Inc. a leading innovator of less-invasive, miniaturized circulatory support technologies for the treatment of advanced heart failure, announced that the companies have entered into a definitive merger agreement under which Medtronic acquired HeartWare in a transaction.
Lombard Medical Operations Acquired by MicroPort Scientific Corporation in a Restructuring Transaction
In April 2018, Lombard Medical, a developer, manufacturer and marketer of endovascular aortic aneurysm repair products, today announced that MicroPort Scientific Corp. (“MicroPort”) through its subsidiary, Endovascular Technology Corp., has acquired the shares in Lombard’s subsidiaries, Lombard Medical Limited and Lombard Medical Technologies GmbH, in a restructuring transaction under UK bankruptcy law.
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