Driving Innovation: Bio-absorbable Stents Market By Key Vendors: Boston Scientific, Abbott Labs, Elixir Medical 2018-2025
This report studies the global Bio-absorbable Stents market status and forecast, categorizes the global Bio-absorbable Stents market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
A stent is a metallic or a polymer tube implanted into the lumen of any blood vessel or a duct in order to keep the passage open. A variety of stents for different clinical conditions are available in the market. A stent implant is most commonly used for the treatment of cardiac abnormalities such as blocked blood vessels. In addition, stents are implanted in the esophagus to allow the passage of food and beverages in patients suffering from esophageal cancer. They are also inserted in the ureter to prevent obstruction of urine flow from kidney, in the gall bladder to allow passage of bile in patients suffering from gall bladder cancer, and in the abdomen & gastrointestinal tract. A bio-absorbable stent is a special type of stent which can be dissolved or reabsorbed within the patients body.
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According to World Health Organization (WHO), cardiovascular diseases are the number one cause of death globally. In 2015, it is estimated that about17.7 millionpeople died because ofcardiovasculardiseases 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.
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 has the largest market share in the 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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The major manufacturers covered in this report
- Boston Scientific
- Abbott Laboratories
- Elixir Medical
- Kyoto Medical Planning
- F. Hoffmann-La Roche
The study objectives of this report are:
- To analyze and study the global Bio-absorbable Stents capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
- Focuses on the key Bio-absorbable Stents manufacturers, to study the capacity, production, value, market share and development plans in future.
- Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
1 Industry Overview of Bio-absorbable Stents
1.1 Definition and Specifications of Bio-absorbable Stents
1.1.1 Definition of Bio-absorbable Stents
1.1.2 Specifications of Bio-absorbable Stents
1.2 Classification of Bio-absorbable Stents
1.2.1 Metallic Stents
1.2.2 Polymeric Stents
1.3 Applications of Bio-absorbable Stents
1.4 Market Segment by Regions
2 Manufacturing Cost Structure Analysis of Bio-absorbable Stents
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Bio-absorbable Stents
2.3 Manufacturing Process Analysis of Bio-absorbable Stents
2.4 Industry Chain Structure of Bio-absorbable Stents
3 Technical Data and Manufacturing Plants Analysis of Bio-absorbable Stents
3.1 Capacity and Commercial Production Date of Global Bio-absorbable Stents Major Manufacturers in 2017
3.2 Manufacturing Plants Distribution of Global Bio-absorbable Stents Major Manufacturers in 2017
3.3 R&D Status and Technology Source of Global Bio-absorbable Stents Major Manufacturers in 2017
3.4 Raw Materials Sources Analysis of Global Bio-absorbable Stents Major Manufacturers in 2017
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