February 27, 2012 10:08 ET

Market Research Projects Coronary Stent Devices Market Growth at 8.3% CAGR Through 2016

ROCKVILLE, MD--(Marketwire - Feb 27, 2012) - has announced the addition of the new report "Global Markets for Coronary Stent Devices -- Focus on Emerging Markets," to their collection of E-Commerce & IT Outsourcing market reports. For more information, visit

Coronary stent device manufacturers, driven by both research breakthroughs and increased recognition of expanding market opportunities, have stepped up the pace of development of innovative products. Because of the evolving nature of this important area of study, executives of product development for coronary stent devices must remain ever vigilant of the changing environment and strive to keep abreast of new and currently used modalities in all facets of the market.

The global market for coronary stent devices reached $7.1 billion in 2011. By 2016, it is expected that total market value will reach $10.6 billion, a projected compound annual growth rate (CAGR) of 8.3% between 2011 and 2016.

The market for coronary stent devices in the emerging countries region reached $710 million in 2011. This is expected to grow to $1.2 billion in 2016, demonstrating a CAGR of 10.4% between 2011 and 2016.

In 2011, India was responsible for $312.4 million in revenues from coronary stent devices, and this revenue is expected to grow at a CAGR of 12.4%, reaching $559.7 million in 2016.

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