The global demand for Bioabsorbable Stents Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Bioabsorbable stents are inserted into a human blood vessel to prevent or alleviate a blockage and are absorbed or dissolved by the body in due course. An ideal stent should have superior mechanical properties to provide the necessary vessel support during the required period. It must be biocompatible, have good deliverability to carry an antiproliferative drug to reduce restenosis, and have adequate degradation time. After a specific period, the stent disappears by re-establishing the normal morphology and physiology (motility, vessel geometry, and shear stress) of the blood vessel without creating an intense inflammatory response. The success of a stent largely depends on the selection of the material and the design. Absorbable stents are one of the most promising devices in the field of interventional cardiology.
Market Dynamics
High prevalence of cardiovascular disorders and increased preference for minimally invasive procedures among the global population will be the critical trending factors for the growth of the bioabsorbable stents market. High disposable income and inclination toward technologically advanced treatment methods will boost market growth. The increased efficiency of the treatment using these stents by reducing the chances of thrombosis and dual antiplatelet therapy among patients will be a market booster. The increasing geriatric population and the increased risk of coronary artery diseases due to unhealthy lifestyles will benefit market growth. The massive investments associated with this technology's development and the undesirable effects of stenting in the human body will be the major hurdles for this market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of bioabsorbable stents.
Market Segmentation
The entire bioabsorbable stents market has been sub-categorized into material, absorption rate, applications and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Material
- Bioresorbable Polymer Based Stents
- Bioresorbable Metallic Stents
By Absorption Rate
- Slow- Absorption Stents
- Fast- Absorption Stents
By Applications
- Coronary Artery Diseases
- Peripheral Artery Diseases
By End User
- Hospitals
- Cardiac Centers
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for bioabsorbable stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Bioabsorbable Stents Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bioabsorbable stents market include Abbott, REVA Medical, Inc., Elixir Medical Corporation, KYOTO Medical Planning Co., Ltd., Biotronik, Amaranth Medical, Inc., Arterial Remodeling Technologies, Meril Life Sciences Pvt. Ltd., Arterius Limited, LEPU Medical Technology Co., Ltd., Boston Scientific Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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