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Pulished Date February, 2020
ID: 2077
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Global Bioabsorbable Stents Market Analysis - By Material (Polymer Stents and Metallic Stents), By Absorption (Slow Absorption Stents, High Absorption Stents), By Application (coronary Artery Disease, Peripheral Artery Disease), By End User (Hospitals, Cardiac Centers) and By Region - Industry Size, Share, Growth, Trends and Forecast | 2019 - 2024

Pulished: February, 2020
ID: 2077
Pages: 175

Global Bioabsorbable Stents Market Size & Growth (2019 - 2024)

The size of the Global Bioabsorbable stents market is predicted to achieve USD 5164.2 million by 2024 from USD 892.8 million by 2019 at a CAGR of 42.05% during the forecast period.

A stent is usually used for the removal of blockages of the arteries present in the heart. This stent plays a major character in the medical history of cardiology. These are generally fixed into anatomic vessel open for blood flow. The heart consists of Arteries where the blood is carried to all parts of the body. These stents are placed in the artery for the removal of blockage as a surgical procedure. But nowadays, bioabsorbable stents are used for blockades, which gets mixed up in the blood of the body.

The rise in demand for these bioabsorbable stents, which are mainly used in coronary procedures, growing preference of minimum amount of quickly spread surgical procedure, are the factors that drive the growth. Increase in people who are overweight, the commonness of coronary and artery diseases are also the factors that drive the market growth.

The increasing healthcare expenses and investments by the public and private sectors are creating immense growth opportunities for the global bioabsorbable stents market.

Strict regulation scenario related to a few products in terms of approval is hampering the growth. Also, high prices of the devices, and also the disadvantages of local inflammation i.e., the part of the body gets swollen, hot, and flinch back in fear after expansion crossing issues and difficulty faced on seeing a non-metallic stent are hindering the growth.

Patients have an option of choosing their own stent from a wide range of availability of stents in the market. These stents which are available in the market are low price than bioabsorbable stents. These low prices and substitutes pose a significant challenge to the bioabsorbable stents market. Insufficient reimbursement policies and the presence of a person serving in another person’s place are some of the primary challenges faced by the absorbable stents in the market.

Key happenings in this market in the recent past:

  • On June 07, 2019, Myval TM received CE approval. Meril has become India Company to market and distribute its indigenously designed and patented TAVR technology.
  • On February 25, 2017, Meril life sciences, a medical device company based on out of the nondescript town of Vapi, has emerged as a challenger to multinational giant Abbott in the category of the bioresorbable cardiac scaffold.
  • On March 24, 2019, REVA Medical Company said that it got a letter of commitment for $3 billion finance. 
  • On December 03, 2018, REVA Medical Company, a leader in bioresorbable polymer for various applications, announced the recent launch of its first implant Fantom Encore bioresorbable scaffold (BRS) in Italy.
  • On December 08, 2018, to replace diseased valves, there is an alternative way called Artificial heart valve technology, without undergoing an open-heart surgery procedure, where some patients may not take it well.
  • On February 23, 2017, the health ministry approved India’s first made dissolvable stent or bioresorbable cardiac scaffold for clearing blockages in arteries that carry blood to the heart.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Material, Absorption, Application, End User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Elixir Medical Corporation, Arteries Limited, Amaranth Medical Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co Ltd., Reva Medical Inc, Tepha.Inc, SMT, Xenogenics Corporation

 

This research report on the Global Bioabsorbable Stents Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

Bioabsorbable Stents Market Analysis – By Material:

  • Polymer Stents     
  • Metallic Stents

On the basis of material, the Polymer stents are expected to grow at a higher CGAR compared to metallic stents.

Bioabsorbable Stents Market Analysis – By Absorption:

  • Slow Absorption Stents      
  • High Absorption Stents    

In 2018, the market for slow absorption stents is predicted to be on the higher side.   

Bioabsorbable Stents Market Analysis – By Application:

  • Coronary Artery Disease     
  • Peripheral Artery Disease  

On the basis of application, the Coronary artery disease segment is expected to have a larger share than peripheral artery disease.

Bioabsorbable Stents Market Analysis – By End User:

  • Hospitals  
  • Cardiac Centers     

Regional Analysis:

North America dominates the global bioabsorbable stents market due to the awareness about the role the bioabsorbable stents in the treatment of coronary illness of the region. Technological advancements in the stents market are also supporting the market growth. The Asia Pacific is expected to have a high growth rate in the upcoming years in the bioabsorbable stents market due to the increase in public awareness about different coronary and peripheral artery diseases.

List of key market participants leading the Global Bioabsorbable Stents Market profiled in this report are:

  1. Elixir Medical Corporation
  2. Arteries Limited
  3. Amaranth Medical Inc.
  4. Abbott Laboratories
  5. Arterial Remodeling Technologies S.A
  6. Biotronik
  7. Kyoto Medical Planning Co Ltd.
  8. Reva Medical Inc.
  9. Tepha.Inc.
  10. SMT
  11. 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 absorption stents      

                                5.2.3 High absorption 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 Absorption

                                                6.1.5.4 By Application

                                                6.1.5.5 By End User

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

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                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Bioabsorbable Stents Market

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