LONDON–According to the latest market study released by Technavio, the global percutaneous coronary intervention devices market is expected to grow at a CAGR of close to 6% during the forecast period.
This research report titled ‘Global Percutaneous Coronary Intervention (PCI) Devices Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global PCI devices market into four major product segments:
- Coronary stents
- PTCA catheters
- Coronary guidewires
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Global coronary stents market
The global coronary stents market occupies a market share of more than 77% owing to its increased adoption in treating CAD. Furthermore, the growth of the market is attributed to growing technological advancements and rapid shift towards MI surgery procedures.
According to Barath Palada, a lead analyst at Technavio for cardiovascular devices research, “Bare metal stents are the traditional stents which are used in coronary stenting and have proven to be successful. However, with the advent of new technological advances such as drug-eluting stents, bio-absorbable stents, and bifurcated stents, the market is expected to grow at a faster pace during the forecast period.”
Also, vendors are investing huge amounts on R&D activities and designing novel products which substantially ease the treatment procedures with more efficient clinical outcomes. For instance, vendors like Abbott and Biosensors are developing bifurcated and biodegradable stents which deals with concerns about thrombosis that is caused by long-term device implantation.
Global PTCA catheters market
This market comprises of PTCA balloon catheters, PTCA guiding catheters, and PTCA dilatation catheters. These catheters are used to clear the blockage of arteries. The global PTCA catheters market is growing at a steady pace owing to its increased use in diagnostic and therapeutic procedures. High prevalence of cardiac diseases owing to smoking, obesity, and diabetes, is expected to spur the growth of the coronary catheters market. The market is witnessing rapid technical advances in tip designs, coatings, and shapes. Vendors are manufacturing technically advanced IVU catheters and PTCA balloon catheters to help in meeting the daily requirements of the physicians.
Global coronary guidewires market
Coronary guidewires are thin and flexible wires, which are designed to navigate through narrow vessels to reach the target site. They act as a guide for the catheter to reach the treatment site. Many workhorse guidewires are intended to facilitate the balloon dilatation catheters during PTCA and PTA procedures.
“Technical advances in navigating and designing guidewires has helped to increase the safety and efficacy of procedures. The most commonly available guidewires are made of stainless steel and nitinol. Some popular coronary guidewires are RUNTHROUGH NS extra floppy coronary guidewire, ASAHI INTECC's coronary guidewire family, and ATW Marker Wire,” says Barath.
Global EPDs market
The global EPDs market is expected to grow at a steady rate owing to the growing usage of EPDs in interventional cardiology procedures such as bypass surgeries and TAVR procedures. EPDs trap blood and luminal debris during stenting and prevent distal embolization. Furthermore, increase in awareness regarding availability of advanced commercial EPDs among patients and physicians along with increase in cath labs globally attribute to the growth of the global EPDs market.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Boston Scientific
- Terumo Medical
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