Global Biodegradable Stents Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Biodegradable Stents Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Biodegradable Stents Market is Expected to Reach a Valuation US$ XX Bn by 2025, Due to Development of Newer Technology, Thereby Reducing the Risk of Thrombosis

“The Biodegradable Stents Market is expected to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to recent technological development that has reduced the risk of thrombosis.

Precision Business Insights (PBI) in its report titled “Biodegradable Stents Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The biodegradable stents market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. The introduction of biodegradable stents with advanced technologies has boosted its demand and have gained larger customer base. Moreover, various cardiologist and patients have shown keen interest for using biodegradable stents for coronary and peripheral artery diseases treatment. These factors are responsible for the significant growth of the biodegradable stents market across the globe. However, high cost of the biodegradable stents is the major factor hindering the market growth.

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https://www.precisionbusinessinsights.com/market-reports/global-biodegradable-stents-market/#ulp-h4n2eZVGqb32xpPc

Biodegradable stents market segmented on the basis of material, absorption rate, end user, regions.

Cardiovascular Disease are Expected to Boost the Demand for Biodegradable Stents

Based on stent type, the biodegradable stent market is bifurcated into peripheral artery stents and coronary artery stents. Of these two, coronary artery stents held the maximum share in 2015. Over the coming years, the demand for coronary artery stents witnessed offer lucrative opportunities due to surge in prevalence of cardiovascular diseases across the globe. Moreover, rising adoption of stents coupled with growing preference of cardiologists to perform percutaneous coronary intervention procedures is expected to trigger the demand in the biodegradable stents market.

North America, Accounts for Major Revenue Share for Biodegradable Stents Market

Precision Business Insights (PBI) biodegradable stents market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America held maximum shares in the global market in 2017. During the forecast period, this region is expected to rise at staggering XX% CAGR between 2019 and 2024. Moreover, recent approvals from the U.S.FDA is likely to grow the North America biodegradable stents market in the forthcoming years. Moreover, burgeoning prevalence of cardiac blockage due to sedentary lifestyle in the region. For instance, according to Center for Disease Control and Prevention (CDC), the three major factor leading to heart disease are high blood pressure, high cholesterol, and smoking, which has prevalence of 47% of the American population attributing to the disease prone population. However, biodegradable stents market in Asia Pacific is expected to witness significant growth, owing increasing medical tourism and increasing adoption of biodegradable stents. Moreover, emerging economies such as India and China offers wide opportunity for the market players, which is expected to fuel growth of the regional biodegradable stents market.

Strategic Acquisition Play Vital Role in Biodegradable Stents Market

The global biodegradable stents market growth is driven by the inorganic strategies of the market players. For instance, in 2015, Cardinal Health acquired Cordis, a subsidiary of Johnson & Johnson, for US$ XX Bn. The acquisition will roll on the Cordis’s S.M.A.R.T., vascular stents system.

Major players operating in biodegradable stents market include Boston Scientific Corporation, Abbott, Kyoto Medical Planning Co., Ltd., QualiMed, Elixir Medical Corporation, ENDOCOR GmbH, BIOTRONIK SE & Co. KG, Amaranth Medical, Inc., Arterial Remodeling Technologies SA., among others.

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https://www.precisionbusinessinsights.com/market-reports/global-biodegradable-stents-market/#ulp-c654SbFYO64MsOhu

Detailed Segmentation

By Material Type

o Bioresorbable Metallic Stents
o Bioresorbable Polymer Based Stents

By Absorption Type

o Slow- absorption Stents
o Fast- absorption Stents

By End-user Type

o Hospitals
o Diagnostic Centers
o Cardiac Centers

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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This release was published on openPR.