Bioabsorbable Stents Market

Bioabsorbable Stents Market: Europe to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)

  • 2017-09-05
  • REP-GB-4819
  • 170 pages
  • PDF PPT EXCEL
 Bioabsorbable Stents Market

An Incisive, In-depth Analysis on the Bioabsorbable Stents Market

This study offers a comprehensive, 360 degree analysis on the Bioabsorbable Stents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bioabsorbable Stents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Stent is referred to as a device that is inserted into internal duct or a blood vessel to inflate the vessel and avoid blockage. Typically, medical stents are manufactured using metal mesh. They remain permanently in the human body or are even removed in case of any further surgical intervention.

Bioabsorbable stents are biodegradable stents which carry out same functions, the only difference being that these stents are manufactured from material which has dissolving properties, or are easily absorbed in the body. The global bioabsorbable stent market is impacted by several factors such as rise in the number of cardiovascular surgeries across the globe, growing risk of cardiovascular disorders among people suffering from obesity, low cost of treatment, along with exact placement of stent and improvement in technology in the medical field in a positive way. However, there are certain aspects which limit or challenge the growth of the global bioabsorbable stent market. Low awareness about the bioabsorbable stents and complications associated with these stents pose hindrances in the growth of the global market.

Bioabsorbable stents are medical devices which are fabricated using material which are easily absorbed within the body and perform the function of a stent of preventing blockades. These stents were invented as several problems were associated with metal stents. Bioabsorbable stents would assist in avoiding the loss of normal vasomotion, permit vessel remodelling and persistently improve the endothelial function.

According to Future Market Insights research report on the global bioabsorbable stents market, the market is anticipated to reach a value of more than US$ 350 Mn by the end of 2022 and is poised to grow at a robust CAGR of 9.7% during the forecast period of 2017-2022.

bioabsorbable stent market

Europe to Dominate the Global Bioabsorbable Stents Market

According to Future Market Insights, Europe will continue to remain lucrative for bioabsorbable stents. According to current market dynamics and forecasted future scenario, this trend is anticipated to continue throughout the period of forecast of 2017 to 2022, thereby Europe region retaining its dominance in the global bioabsorbable stents market. Europe region is anticipated to reflect a significant growth rate to register a CAGR of 9.6% during the forecast period.

North America and APEJ will Remain Attractive

North America region is anticipated to show highest growth rate throughout the forecast period 2017-2022, followed by Asia Pacific excluding Japan (APEJ) region. Bioabsorbable stents consumption has dramatically increased in these regions making them a good option for players to invest in. North America region is expected to grow at the highest CAGR of 10.2% during the forecast period. This growth can be attributed towards fast growth in medical technology, higher disposable income and better medical facilities.

Polymeric Stents Segment Reflects Higher Market Share

The polymeric stents segment by product type has been a dominating segment in the global market for past few years, and it is expected to remain dominant during the forecast period as well. The segment reflected a higher market share of 57.6% in 2017. The polymeric stents segment is poised to show a significant growth rate throughout the forecast period. Polymeric-coated metallic stents segment by product type is anticipated to reflect the highest growth rate and poised to register an exponential CAGR of 12.2% throughout the forecast period.

Hospitals Remain Leading End-User Segment

Hospitals segment by end-user is poised to lead the global bioabsorbable stents market by showing higher market share as of 2017 and higher growth rate during the forecast period. The segment is anticipated to show a CAGR of 10.2% during the period 2017-2022 and also dominates the market by showing a higher market share. Following hospitals segment, the cardiac catheterization labs is a second largest segment, reflect a market share of about 24.7% (as of 2017). This trend is likely to continue for these segments throughout the forecast period.

Coronary Artery Disease dominates the Global Market

The coronary artery disease segment by disease indication is expected to grow at a robust growth rate and also is expected to dominate the market. The segment showed a promising growth and a high market share of 67.5% in 2017 and is more likely to remain dominating throughout the period of forecast.

Slow Absorption is Really Fast

Slow absorption rate segment by absorption rate is expected to show higher growth rate to register a healthy CAGR of 10.3% throughout the forecast period. The segment also reflected a higher market share in 2017 and thus dominates the global bioabsorbable stents market by absorption rate.

Competition Tracking

The report has profiled companies which are expected to remain active in the expansion of global bioabsorbable stents market throughout 2022. Companies such as Abbott Laboratories, Amaranth Medical, Inc., BIOTRONIK SE & Co. KG, Elixir Medical Corporation, REVA Medical, Inc., Tepha, Inc., Kyoto Medical Planning Co., Ltd., Boston Scientific Corporation, Becton Dickinson and Company and Lepu Medical Technology (Beijing) Co., Ltd., are profiled.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Future Market Insights

Future Market Insights on Global Bioabsorbable Stents Market

Future Market Insights recently published a fully researched publication on “Global Bioabsorbable Stents Market: Industry analysis (2012-2016) and Opportunity Analysis (2017-2022)”, which focuses on different aspects which influence the global market. The comprehensive research report on global bioabsorbable stents market focuses on trends, opportunities, challenges, restraints and growth drivers which have a one of a kind impact on the growth of the global market. The research report presents a holistic angle covering the global scenario, thereby putting across a 3600 view of the global bioabsorbable stents market. Global scenario is covered with respect to important geographies of North America, Asia Pacific excluding Japan (APEJ), Latin America, Europe, Japan and Middle East and Africa (MEA). A detailed level five segmentation adds to the credibility and the value addition that the research report brings.

Market Taxonomy:

Global bioabsorbable stents market is segmented on the basis of product type, by end user, by disease indication, by absorption rate and by region.

Region

Product Type

End User

Disease Indication

Absorption Rate

  • North America

  • Polymeric Stents

  • Hospitals

  • Coronary Artery Disease

  • Slow Absorption Rate

  • Latin America

  • Metallic Stents

  • Cardiac Catheterization Labs

  • Peripheral Artery Disease

  • Fast Absorption Rate

  • Europe

  • Polymeric-coated Metallic Stents

  • Ambulatory Surgical Centers

 

 

  • Japan

 

 

 

 

  • APEJ

 

 

 

 

  • MEA

 

 

 

 


Know What your Competition Knows

Research report on global bioabsorbable stents market is well crafted and includes a separate section titled competitive analysis, which covers all details about the tier companies involved in the global bioabsorbable stents market. An in-depth analyses on these key companies includes a detailed SWOT, market share analysis, growth strategies, promotion tactics, mergers and acquisitions, expansion strategies, global presence, innovations and developments, etc. This competitive scenario will reinforce the reader’s decisions to gain competitive edge.

To achieve this clarity and get acquainted with the various market components, and elements which impact the market, a powerful research approach is followed at Future Market Insights, which has proven useful in gathering data and achieving high accuracy of the results provided in the report. Initial steps to understand the market and get a certain direction based on the market definition is achieved with the help of secondary research. This vast research covers a wide angle of the market and points in the right direction based on which primary research is carried out. Across all important geographies, several primary interviews are conducted which give a shape to the current market understanding based on which inferences are slated. Moreover, each insight, each data point or each statement which is noted is cross checked at every stage in the primary research, re-evaluated during each primary interview and thereby all the data undergoes validation a couple of times. The key opinions from the market observers, industry experts and secondary sources are chalked and this extensive information overload is triangulated to arrive at conclusions with maximum accuracy. The research process includes profiling of the market, identifying and listing respondents, preparing a detailed conversation guide based on overall market understanding, collection of data points, validating the data and analysing it and providing meaningful insights.

Value Addition at Your Doorstep

Market research report on global bioabsorbable stents market delivers the necessary value addition with which the user can extract meaningful insights and make informed decisions. Below are few highlights which will reflect the credibility of the research report.

  • The research study gives a holistic 3600 view of the entire market considering all major geographies
  • The study expresses unbiased opinion about the market and this realistic market contour can be used to slate important decisions from a strategic standpoint
  • Trends and developments are unmasked which drive the market in the future
  • Maximum accuracy which supports the research thesis and helps the readers to make strategic moves
  • Actionable intelligence adds to the feel and flavor of the research study
  • A detailed SWOT analysis to give a brief market understanding
  • Effective forecasting helps in judging current decisions and planning future moves
  • In depth weighted analysis that gives justice to the detailed segmentation covered in the study

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Harish Tiwari

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