Global Bifurcation Lesions Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global bifurcation lesion market are projected to reach USD 3.5 billion by 2030 from USD 2.0 billion in 2020, at an approximate CAGR of 5.7%.A bifurcation lesion is a coronary artery narrowing occurring adjacent to and involving the origin of a significant side branch. Coronary lesions situated at the bifurcation offer a broad range of angiographic and anatomical morphologies based upon the circulation of the plaque in the affected segment. The percutaneous treatment of coronary bifurcation lesions is very dynamic and with the ongoing progression in clinical approaches and techniques, the management of more complex cases will continue to develop.
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Market Dynamics and Factors:
Rising geriatric population and unhealthy & inactive lifestyles are the major factors responsible for the growing incidences of cardiovascular disorders. Increase in approval & commercialization of innovative devices and probable entry of new devices for treatment of bifurcation lesions in the coming years are going to drive the market. Additionally, rising affordability, increase in demand for minimally invasive procedures, and growing medical tourism are also augmenting the demand for bifurcation lesions procedures across the globe. For instance, according to various studies, procedures for coronary bifurcation lesions comprise approximately 20% of total percutaneous coronary interventions. Moreover, ongoing clinical trials on stents & balloons for treatment of bifurcation lesions and increase in incidence of these lesions are likely to fuel the market growth in the coming future. Technological advancements in devices used for imaging and procedures accompanied by increase in the number of skilled surgeons leading to lower associated risks is also likely to attribute to the market growth of bifurcation lesions. However, certain factors like high treatment costs and reimbursement issues are restraining the market growth of bifurcation lesions during the forecast period.
Market Segmentation :
Global Bifurcation Lesions Market – By Product Type
One-Stent
Two-Stent
Global Bifurcation Lesions Market – By Application
Coronary Vascular
Peripheral Vascular
Global Bifurcation Lesions Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global bifurcation lesions market during the forecast period in terms of market share. Presence of key players locally, high disposable income, and favourable reimbursement policies are the major factors attributing to the market dominance of the region. Europe is going to be the second most dominating market for bifurcation lesions during the forecast period. The Asia Pacific region is anticipated to witness maximum growth during the forecast period. The increase in geriatric population and obesity has attributed to a surge in coronary heart diseases in the region. Furthermore, increase in awareness & implementation of new technologies; approval of various balloons; and entry of international players are major factors anticipated to propel the market growth of bifurcation lesions in the APAC region. For instance, according to the Asia Pacific Society of Interventional Cardiology, Japan had the highest number of percutaneous transluminal coronary angioplasty procedures in the APAC region in 2013.
Competitive Scenario:
The key players operating in the global bifurcation lesions market are –
Boston Scientific Corporation, Abbot Healthcare, Cardinal Health, Medtronic, Terumo Medical Corporation, Johnson & Johnson Services, Spectranetics, and C.R Bar
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Bifurcation Lesions industry, although key threats, opportunities and disruptive technologies that could shape the Global Bifurcation Lesions Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Bifurcation Lesions Market most.
The data analysis present in the Global Bifurcation Lesions Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Bifurcation Lesions Market business.
The 2021 Annual Global Bifurcation Lesions Market offers:
100+ charts exploring and analysing the Global Bifurcation Lesions Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Bifurcation Lesions Market type
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