The size of the bioabsorbable stents market in the Asia Pacific is advancing to achieve USD 873.1 million by 20234 from USD 128.2million by 2019, growing at a CAGR of 46.5% in the course of the forecast period.
The rise in the adoption rate of bioabsorbable stents which can naturally heal the artery and restore the moment for treating PAD and CAD diseases is fueling the growth of the Asia Pacific bioabsorbable stents market. Government and private organizations are taking initiatives to develop advanced bioabsorbable stents which are fully absorbed into the body and highly effective, this is contributing to the growth of the APAC bioabsorbable stents market. The increasing prevalence of peripheral artery and coronary artery diseases in the aging population is also boosting up the growth rate of the Asia Pacific bioabsorbable stents market.
Availability of alternatives for bioabsorbable stents such as laser ablation therapy, xenograft and others, are limiting the growth rate of the bioabsorbable stents market and are posing a significant challenge for the key players in the APAC bioabsorbable stents market.
Increasing focus on initiatives by the private and public organizations for escalating clinical trials of the bioabsorbable stents is expected to be creating more growth opportunities for the APAC market over the forecast period. A rising account of geriatric population and continuously increasing patient base are anticipated to boost the demand for bioabsorbable stents and expand growth opportunities for the stakeholders in the APAC bioabsorbable stents market. Growing expenditure for healthcare and advancing economies of the countries like China, India, Japan and others in the Asia Pacific, are expected to create lucrative opportunities for the market players in the region during the forecast period. Continuously rising rate of diseases is leading to increasing adoption rate of bioabsorbable stents owing to benefits associated with them, providing a number of opportunities for the growth of the APAC bioabsorbable stents market.
This research report is segmented & sub-segmented into the following categories:
Regionally, China market is dominating the Asia Pacific bioabsorbable stents market. It is supposed to contribute a significant share of revenues during the forecast period owing to the factors like presence of key players in the region, and expansion of healthcare sector due to technological innovations and advancements, increasing prevalence of PAD and CAD diseases, influx of novel and innovative products into the market developed by various companies. India market segment is rapidly growing and is foreseen to continue the trend during the forecast period due to the rise in the economy of the country and the presence of a large patient base in the area.
Notable companies dominating the APAC Bioabsorbable stents market are Elixir Medical Corporation, Arterius Limited, Amaranth Medical Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co Ltd., Reva Medical Inc, Tepha.Inc, SMT and Xenogenics Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Material
5.1.1 Introduction
5.1.2 Polymer stents
5.1.3 Metallic stents
5.1.4 Y-o-Y Growth Analysis, By Material
5.1.5 Market Attractiveness Analysis, By Material
5.1.6 Market Share Analysis, By Material
5.2 Absorption
5.2.1 Introduction
5.2.2 Slow absorbtion stents
5.2.3 High absorbtion stents
5.2.4 Y-o-Y Growth Analysis, By absorption
5.2.5 Market Attractiveness Analysis, By absorption
5.2.6 Market Share Analysis, By absorption
5.3 Application
5.3.1 Introduction
5.3.2 coronary artery disease
5.3.3 peripheral artery disease
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
5.4 End User
5.4.1 Introduction
5.4.2 Hospitals
5.4.3 Cardiac centers
5.4.7 Y-o-Y Growth Analysis, By End User
5.4.8 Market Attractiveness Analysis, By End User
5.4.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Material
6.1.3.3 By absorption
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Material
6.1.4.3 By absorption
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Material
6.1.5.3 By Absorbtion
6.1.5.4 By Application
6.1.5.5 By End User
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Elixir Medical Corporation
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Arterius Limited
8.3 Amaranth Medical Inc
8.4 Abbott Laboratories
8.5 Arterial Remodeling Technologies S.A
8.6 Biotronik
8.7 Kyoto Medical Planning Co Ltd
8.8 Reva Medical Inc
8.9 Tepha.Inc
8.10 Xenogenics Corporation
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
APAC Bioabsorbable Stents Market
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