Abstract
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.
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