Bioabsorbable Stents Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Bioabsorbable Stents market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Bioabsorbable Stents Market report is anticipated to register a CAGR of 11% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Bioabsorbable Stents Market are –
- ABBOTT LABORATORIES
- KYOTO MEDICAL PLANNING CO. LTD
- REVA MEDICAL
- ELIXIR MEDICAL CORPORATION
- AMARANTH MEDICAL
- TERUMO CORPORATION
- ARTERIUS LIMITED
- XENOGENICS CORPORATION
- MERIL LIFE SCIENCES PVT LTD.
The global bioabsorbable stents market is expected to register a CAGR of 11% during the forecast period (2018 – 2023). Bioabsorbable stents are normally used in the treatment of blocked arteries. These stents are tiny, stretchy mesh tubes that hold arteries open and can help in the treatment of coronary and peripheral artery diseases. Bioabsorbable stents are fully biodegradable stents which will completely disappear over time.
High Prevalence of Cardiovascular Diseases Globally
According to World Health Organization (WHO), cardiovascular diseases are the number one cause of death globally. In 2015, it is estimated that about 17.7 million people died because of cardiovascular diseases and in these deaths, it was estimated that 7.4 million people died because of coronary heart disease and 6.7 million people died of a stroke. Thus, a large number of people are already suffering from these cardiovascular diseases, and with the increase in population the number of people with cardiovascular diseases is expected to rise. This rise in the disease rate is also expected to increase the usage of stents, in turn, it is expected to drive the market during the forecast years. The changing lifestyles, rising obese population, and steep growth in the geriatric population are the major driving factors for the market growth.
High Device Cost
The high cost of the device is a major restraint for the bioabsorbable stents market. The cost of the stent depends on the type, which may cost USD 1800. In addition to the cost of the bioabsorbable stent, other aspects such as the cost of the procedure that can add to the cost of bioabsorbable stents usage. The high cost of the device hinders the growth of the market, as surgeons prefer the conventional stents over the bioabsorbable stents due to their difference in cost. Along with the high cost, other factors, such as stringent regulatory policies and safety issues related to bioabsorbable stents are also hindering the growth of the market.
Europe to dominate the Market
Europe has the largest market share in bioabsorbable stents market, followed by North America. Asia-Pacific is expected to have the highest growth rate in the forecast period, due to the increasing awareness among people about the procedure and the products. The US FDA has approved only one product, namely Abbott Absorb, and it is now commercially available in the US. However, several products are being developed, some are in clinical trials and others in various stages of development, which is an indication of a bright future for this market.
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Scope of the Report:
The report analyses Bioabsorbable Stents market, which includes –
- Analysis of the growth of Bioabsorbable Stents market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Bioabsorbable Stents market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Bioabsorbable Stents market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Bioabsorbable Stents market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Bioabsorbable Stents Market Report:
- Varying dynamics of the Bioabsorbable Stents industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Bioabsorbable Stents market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Bioabsorbable Stents market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Bioabsorbable Stents Market Report:
- The report analyses how stringent emission control norms will drive the global Bioabsorbable Stents market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Bioabsorbable Stents market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Bioabsorbable Stents:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Bioabsorbable Stents Market Report @ https://www.360marketupdates.com/TOC/12885481,TOC
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