Global Market Watch:
Global Coronary Stents sector is projected to reach US$9.5 billion by 2016. The North America accounts for nearly 41% (2015) of the global value while Europe claims approximately 29% (2018). Asia-Pacific is the fastest growing region with a CAGR of 8.8% driving a market value of US$1.5 billion by 2015. On a global scale, projections for drug eluting stents market share indicate more than 55% by 2015 leaving the rest of the market to the bare metal stents and other devices. By Coating, Polymer stent coating segment is the fastest growing market with a CAGR of 8.7% for analysis period 2012-2018.
Healthcare Industry division has been witnessing a drastic change regarding the new innovation and technology which in terms are applied in improving from sector to sector since the past 3-5 years.