Global Biodegradable Stents Market Market: By Material (Bioresorbable Metallic Stents and Bioresorbable Polymer stents), By Absorption (Slow-absorption Stents, Fast-absorption Stents), By End User (Hospitals, Diagnostic Centers, and Cardiac Centers), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global biodegradable stents market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Biodegradable Stents Market
Bio absorbable stents are the new headways in the stents innovation additionally named as bioresorbable stents or biodegradable stents. It is the gadget which is embedded into the vein or inner channel to extend the vein keeping its blockage.
Market Dynamics: Biodegradable Stents Market
The key variables helping the development of biodegradable stents are rising pervasiveness of coronary course malady, expanding weight because of stationary way of life in youthful populace, and expanding inclination for biodegradable stents via cardiologists. However, moderate reception rate of stents in sickness administration is the key restriction looked by the worldwide biodegradable stents market. High dangers of difficulties related with biodegradable stents and high offering cost likewise hampers the market development. Furthermore, lacking repayment approaches and nearness of substitutes are a portion of the real difficulties looked by the worldwide biodegradable stents market.
Market Scope: Biodegradable Stents Market
Biodegradable stents market is segmented based on the material, absorption, end user, and geography
Based on the material, the market is segmented into the following:
- Bioresorbable Metallic Stents
- Bioresorbable Polymer Based Stents
Based on the absorption rate, the market is segmented into the following:
- Slow- absorption Stents
- Fast- absorption Stents
Based on the end user, the market is segmented into the following:
- Diagnostic Centres
- Cardiac Centres
Based on Geography, the market is segmented into the following:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
Market Summary: Biodegradable Stents Market
When contrasted with forerunners of biodegradable stents, the more current innovation has essentially diminished the danger of thrombosis, in-stent restenosis, double against platelet treatment, and second medical procedure for evacuation of the stent. These variables have assumed a vital part in forming the direction of the worldwide market in a positive bearing in the course of the last few years.The biodegradable stents showcase is seen as the most broadened and focused market including huge number of players. The market is ruled by a few players, contingent upon their real skills. September 2017, Abbott Laboratories stopped the worldwide offers of their completely absorbable stent-Absorb Bioresorbable Vascular Scaffold (BVS). April 2017, Reva Medical has secured a CE check for its medication eluting bioresorbable coronary platform..
Regional Analysis: Biodegradable Stents Market
Geographically, global biodegradable stents market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America overwhelms the worldwide biodegradable stents market, which is attributable to the expanded mindfulness about the essential pretended by biodegradable stents in the treatment of coronary illnesses. The U.S. holds the biggest market for biodegradable stents, trailed by Canada, in North America. In Europe, Germany, Italy, the U.K., and France holds real offers of the biodegradable stents. Be that as it may, Asia is relied upon to show a high development rate in the following five years in the worldwide biodegradable stents showcase given the expanding open mindfulness about different coronary and fringe vein sicknesses in the locale. Japan, China, and India are relied upon to be the quickest developing biodegradable stents advertises in Asia.
Competition Assessment: Biodegradable Stents Market
Some of the players in the global Biodegradable Stents Market include:
- BIOTRONIK SE & Co. KG (Germany)
- Abbott Laboratories (U.S.)
- REVA Medical, Inc. (U.S.)
- Kyoto Medical Planning Co., Ltd. (Japan)
- Elixir Medical Corporation (U.S.)
Notable market developments: Biodegradable Stents Market
- April 2017, Reva Medical has secured a CE check for its medication eluting bioresorbable coronary platform.