LONDON--(BUSINESS WIRE)-- The global Bare Metal Stents (BMS) market was estimated to be worth about $1billion in 2010. The BMS market has declined from $1.9 billion in 2003 at a Compound Annual Growth Rate (CAGR) of 8.5%. The popularity and affordability of Drug Eluting Stents (DES) is negatively affecting the BMS market. The BMS market is expected to decline at a CAGR of 1.8% until 2017. However, the volumes of BMS are expected to rise due to a decrease in the prices of BMS, thereby leading to an increase in their affordability. An increase in the incidence of CHD will lead to an increase in the use of coronary stents in its treatment. In the US, at the current growth rate, the prevalence of the disease will rise to 9.3% by 2030 from 8% in 2010. This will lead to an increase of about eight million patients suffering from CHD.
The bare metal stents market in the US was estimated at $417m in 2010, declining at a CAGR of 11.6% during the period 2003-2010. The revenues were negatively affected by the introduction of DES in 2003 and their acceptance in the treatment of CHD. The BMS market revived during the period 2005-2008, from $210.9m in 2005 to $513.8m in 2008. The market increased due to cautionary warnings on the use of DES, leading to an increased use of BMS.The US is followed by Japan in being the second largest BMS market, valued at $200m in 2010.
Abbott Laboratories leads the global BMS market, with a share of 58%. Medtronic Inc. is the next largest player after Abbott Laboratories, with a market share of 16%. The entry of new players, such as Biosensors International and MicroPort Scientific Corporation, is leading to increased competition in the bare metal stents market.
This report provides data, information and analysis on the global bare metal stents market. The report provides market landscape, competitive landscape and market trends information on the bare metal stents market. The report provides information on the key trends affecting the market, and key analytical content on the market dynamics.
Bare Metal Stents (BMS) - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017
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