The global bifurcation lesions market is
expected to reach USD 2.8 billion by 2025, growing at a CAGR of 5.6%, according
to a new report by Grand View Research, Inc. Technological developments and
supportive government initiatives for reimbursement are likely to drive the
market during the forecast period.
Increasing geriatric population
and unhealthy lifestyle are responsible for growth in incidence of
cardiovascular disorders. Furthermore, increase in approval &
commercialization of innovative devices and expected entry of new devices for
treatment of bifurcation lesions in the coming years are likely to drive the
market.
In addition, rising
affordability, increase in demand for minimally invasive procedures, and
growing medical tourism are also boosting demand for bifurcation lesions
procedures across the globe. According to various studies, procedures for
coronary bifurcation lesions comprise approximately 20% of total percutaneous
coronary interventions.
Browse full research report on Global
Bifurcation Lesions Market: http://www.grandviewresearch.com/industry-analysis/bifurcation-lesions-market
Further Key Findings From the Report Suggest:
- Increase in commercialization of devices for bifurcation lesions and investments by industry players for R&D are expected to boost the market, resulting in an anticipated CAGR of around 5% from 2017 to 2025
- Coronary vascular segment accounted for maximum share of the market in 2016 due to presence of complex vascular network in heart, increased availability of devices, and rise in awareness regarding surgical interventions for bifurcation lesions.
- Peripheral vascular segment is likely to witness lucrative growth in the coming years due to increase in investments by industry players for development of devices for peripheral application and advancements in diagnostics facilitating accurate detection of plaque.
- Geographically, North America held the largest share of the bifurcation lesions market in 2016. It is anticipated to maintain its dominance in the coming years due to increasing demand for drug-eluting stents, commercialization of devices for bifurcation lesions, and local presence of major market players.
- Asia Pacific is expected to observe fastest growth over the next decade owing to improvement in healthcare infrastructure, medical tourism, and rise in investments by market players in the region.
- Some of the key players in the market are Abbott; Boston Scientific Corporation; Cardinal Health; Medtronic; Johnson & Johnson Services, Inc.; C. R. Bard, Inc.; Spectranetics; and Terumo Medical Corporation. Tryton Medical, Inc. developed Tryton Side Branch Stent with a balloon-expandable, single-wire stent delivery system that can be deployed in the side branch artery for treatment of bifurcation lesions. The device is available in the U.S. and Europe as well as Middle East & Africa.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global bifurcation
lesions market on the basis of application and region:
Bifurcation Lesions Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Coronary Vascular
- Peripheral Vascular
Bifurcation Lesions Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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