Heart diseases or heart attacks are nowadays becoming more and more common, and in fact, are one of the largest killing diseases worldwide. Heart attack is caused by narrowing of or any blockage in the coronary arteries, which supply blood to heart muscles. Stents used in the coronary arteries to keep them open are called coronary stents, and due to intensity and the rate of increase in the disease are also gaining importance.
The coronary stents market has come a long way and its journey has been marked by growth as well as decline phases. Since the advent of drug-eluting stents in the early 2000, the coronary stent market witnessed a spurt in growth. The years 2006 and 2007 saw a significant decline in market revenues due to release of some adverse clinical trial data that raised questions about the efficacy and safety of drug-eluting stents. 2008 again showed some stability.
The Percutaneous coronary intervention (PCI) procedures and the use of drug-eluting stents (DES) in those procedures, implying the DES penetration rate are the main indicators of growth of the DES market or the coronary market at large. Bare metal stents (BMS) and drug-eluting stents are the two types of coronary stents. Before the advent of DES, BMS were the only type of stents available and hence covered the entire market. Since entry of DES, the market has shifted almost entirely towards DES.
The report analyzes the coronary stent market from two perspectives. One is from the point of products, i.e., BMS and DES market size, growth rate and market share. Second is the size of the main regional stents market, like, the US, Europe, Japan and Asia Pacific. The main factors driving the growth of the market are also discussed along with the new developments in the market. The competitive landscape of the market is also analyzed.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. |
