PUBLISHER: Value Market Research | PRODUCT CODE: 1542458
PUBLISHER: Value Market Research | PRODUCT CODE: 1542458
The global demand for Bioabsorbable Stents Market is presumed to reach the market size of nearly USD 834.07 Million by 2032 from USD 460.22 Million in 2023 with a CAGR of 6.83% under the study period 2024-2032.
Bioabsorbable stents are inserted into a human blood vessel to prevent or alleviate a blockage and are absorbed or dissolved by the body in due course. An ideal stent should have superior mechanical properties to provide the necessary vessel support during the required period. It must be biocompatible, have good deliverability to carry an antiproliferative drug to reduce restenosis, and have adequate degradation time. After a specific period, the stent disappears by re-establishing the normal morphology and physiology (motility, vessel geometry, and shear stress) of the blood vessel without creating an intense inflammatory response. The success of a stent largely depends on the selection of the material and the design. Absorbable stents are one of the most promising devices in the field of interventional cardiology.
High prevalence of cardiovascular disorders and increased preference for minimally invasive procedures among the global population will be the critical trending factors for the growth of the bioabsorbable stents market. High disposable income and inclination toward technologically advanced treatment methods will boost market growth. The increased efficiency of the treatment using these stents by reducing the chances of thrombosis and dual antiplatelet therapy among patients will be a market booster. The increasing geriatric population and the increased risk of coronary artery diseases due to unhealthy lifestyles will benefit market growth. The massive investments associated with this technology's development and the undesirable effects of stenting in the human body will be the major hurdles for this market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Bioabsorbable Stents. The growth and trends of Bioabsorbable Stents industry provide a holistic approach to this study.
This section of the Bioabsorbable Stents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Bioabsorbable Stents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Bioabsorbable Stents market include Amaranth Medical, Arterial Remodeling Technologies, Arterius Limited, B.Braun Melsungen AG, Biotronik SE & Co. KG, Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd., Microport Scientific Corporation, Reva Medical, Terumo Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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