LONDON--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent global vascular stents market 2016-2020 report. This research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global vascular stents market is highly competitive and fragmented. Leading companies have a strong brand name and offer a wide range of products. They have sizeable shares in the market, which hinders the entry of new players. Medium and small-sized companies offer products at competitive prices or at a low cost to consolidate their shares, which is negatively affecting revenue generation by the leading vendors. However, the medium and small-sized vendors offer products with limited features and functionalities, thus facing competition from the leading vendors that are marketing products with better quality, features, and capabilities.
“Vendors in the market are implementing various strategies to expand their geographical presence and increase their market shares. They are extensively investing in research to develop safe and efficient products and gain regulatory approvals for their launch in the market. Advances in technology will lead companies to undergo M&A to use advanced technologies to develop innovative products and enhance their product portfolio. This will further intensify the market competition during the forecast period,” says Barath Palada, a lead analyst for cardiovascular devices at Technavio.
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Abbott Laboratories was established in 1876 and is headquartered at Abbott Park, Illinois, US. The company manufactures and sells healthcare products directly to wholesalers, retailers, government agencies, and healthcare facilities such as hospitals, laboratories, and physicians’ offices worldwide.
It operates in 150 countries, including the US, Japan, Germany, the Netherlands, Italy, Canada, France, Spain, the UK, and India. In the global vascular stents market, the company offers drug-eluting stents, peripheral intervention, and carotid intervention products.
Boston Scientific was founded in 1979 and is headquartered in Marlborough, Massachusetts, US. The company develops and markets medical devices for a broad range of medical conditions through its subsidiaries and divisions worldwide. It operates through the MedSurg, rhythm management and cardiovascular segments. Through its cardiovascular segment, Boston Scientific offers vascular stents.
Cook Medical was established in 1963 and is headquartered in Bloomington, Indiana, US. The company operates as a subsidiary of the Cook Group. It designs, manufactures, and sells about 16,000 different devices for surgical, dental, hospital, and electromedical applications. Through the aortic intervention and peripheral intervention segment, the company offers vascular stents for treating symptomatic vascular diseases of the iliac arteries and atherosclerotic diseases of the renal arteries.
Cordis was founded in 1957 and is headquartered in Fremont, California, US. The company operates as a subsidiary of Cardinal Health. It develops and distributes drug-eluting stents, catheters, and guide wires for interventional medicine, marginally invasive computer-based imaging, and electrophysiology applications. The company has operations in more than 50 countries. Cordis offers carotid stent systems, transhepatic biliary stents, vascular stents and vascular stents balloon-expandable, and related devices and accessories in the market.
Medtronic was founded in 1949 and is headquartered in Dublin, Ireland. The company researches, develops, and markets medical devices such as image-guided surgery and intra-operative imaging systems. It also offers web-based therapy management software solutions in over 155 countries worldwide. It operates through the cardiac and vascular, restorative therapies, and diabetes segments. Through the cardiac and vascular segment, Medtronic offers the Resolute Integrity coronary stent system and the Integrity coronary stent system.
W.L. Gore & Associates
W.L. Gore & Associates was established in 1958 and is headquartered in Newark, Delaware, US. The company provides technology-driven solutions in the areas of aerospace, automotive, chemical processing, energy, environmental, industrial and manufacturing, medical, military, pharmaceutical and biotechnology, semiconductors and microelectronics and textile. It holds more than 2,000 patents in the areas of polymer processing, medical devices, and electronics. It has manufacturing facilities in the US, Germany, the UK, Japan, and China.
W.L. Gore & Associates offers vascular stents, carotid stents, and vascular grafts for treating abdominal aortic aneurysm, thoracic aortic aneurysm, and cardiovascular diseases. These products are based on the heparin-bonded technology, a combination of ePTFE and nitinol.
Browse Related Reports:
- Global Nonvascular Stents Market 2016-2020
- Global Drug-Eluting Stent Market 2016-2020
- Global Coronary Artery Disease Treatment Devices Market 2015-2019
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