Mesh-like tube of thin wire without coating is termed as bare-metal stent. Bare-metal stents (BMSs) made up of materials such as stainless steel, cobalt-chromium alloy, and platinum chromium alloy are used to overcome dissection and restenosis complications caused by recoil. Increase in incedence cases of coronary artery diseases and subsequent rise in the number of PCI procedures, surge in the development of bioresorbable stents, and technological advancement fuel the growth of the global bare-metal stents market. In May 2014, Biosensors International Group, Ltd. launched next generation cobalt chromium bare-metal stent that offers exceptional deliverability, while retaining excellent radial strength and extremely low recoil. However, stringent regulatory approval process and post-operative complications are projected to hamper the growth of the global market.

Global Bare-metal Stents Market: Dynamics

Rise in Cases of Coronary Heart Diseases Boosts Market Growth                                                                     

Coronary heart disease, among all other heart-related disorders, is one of the major causes of death in the U.S. Arteries that supply blood to heart become narrowed or hardened due to higher level of cholesterol or deposition of other materials called plaque in the inner wall in coronary heart disease. Coronary artery disease also weakens the heart muscles leading to heart failure and arrhythmias. According to the American Heart Association, nearly 836,546 deaths were caused in the U.S. in 2018, which is about 1 in every 3 deaths, due to cardiovascular diseases. According to American Heart Association report, coronary heart disease accounted for 43.8% deaths among all other cardiovascular diseases in the U.S. in 2018, followed by stroke, heart failure, high blood pressure, artery related diseases, and other cardiovascular diseases. Percutaneous coronary intervention (PCI) or coronary angioplasty/stenting is one of the surgical methods to treat coronary heart disorders. Unlike invasive procedures such as coronary artery bypass surgery (CABS), stenting is a minimally invasive technique and is being widely accepted by surgeons as well as patients.

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Hence, rise in prevalence of cardiovascular diseases and increase in awareness about stenting procedures across the globe are projected to drive the global bare-metal stents market during the forecast period.

Post-Operative Complications Hamper Market Growth

Percutaneous coronary intervention (PCI) with stenting is a well-accepted procedure for the treatment of cardiovascular diseases. However, 15% to 30% of patients undergoing this surgery requires repeated revascularization. The most common stent associated complication is thrombosis, which leads to mortality and morbidity. Antiplatelet therapy is required in routine basis to prevent stent thrombosis after PCI with baremetal stents. According to studies and analysis, nearly 5% of patients with coronary stents need noncardiac surgery (NCS) within one year of PCI. Intravascular stent infection is another risk associated with PCI surgery with bare-metal stent. In few cases, this type of infection can be prevented with the use of prophylactic antibiotics at stent placement. Hence, few post-operative risks related to bare-metal stents is projected to restrain the market.

Global Bare-metal Stents Market - Competitive Landscape

Major players operating in the global bare-metal stents market include Boston Scientific Corporation, Medtronic, B. Braun Melsungen AG, Biosensors International Group, Ltd, Hexacath,

Meril Life Sciences Pvt. Ltd., Genoss Co., Ltd., ELLA-CS, s.r.o., eucatech AG, Andramed, and pfm medical ag.

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Boston Scientific Corporation

Boston Scientific Corporation offers innovative medical devices for improving the health of patients across the world. The company has operations in over 40 countries, with commercial representation in more than 130 countries. It generates more than 55% sales from the U.S. alone. Boston Scientific Corporation operates through three business segments: medsurg, rhythm & neuro, and cardiovascular. The company’s REBEL platinum chromium stent system is a bare-metal stent used in coronary intervention. In 2018, the company announced agreement to acquire BTG plc, a leader in minimally invasive therapies, to enhance its portfolio in cancer and vascular diseases.

Medtronic

Founded in 1949 and headquartered in Dublin, Ireland, Medtronic is the world's leading medical technology and solution company. It generates majority of its sales and revenue from the U.S. Reportable business segments include cardiac & vascular group, minimally invasive therapies group, restorative therapies group, and diabetes group. Medtronic provides services to hospitals, clinicians, physicians, and patients in more than 150 countries. In July 2019, Medtronic entered into a partnership agreement with Viz.ai, an emerging company in applied intelligence in stroke care.

Global Bare-metal Stents Market: Segmentation

The global bare-metal stents market can be segmented based on:

  • Product
  • Material
  • End-user
  • Region

In terms of product, the global bare-metal stents market can be bifurcated into:

  • Self-expandable
  • Balloon Expandable

Based on material, the global bare-metal stents market can be classified into:

  • Stainless Steel
  • Platinum
  • Titanium
  • Cobalt Chromium Alloy
  • Platinum Chromium Alloy
  • Titanium Nickel Alloy (Nitinol)

In terms of end-user, the global bare-metal stents market can be categorized into:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

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