Press release
Global Bioabsorbable Stent Market :Global Demand Analysis & Opportunity Outlook 2022 :Top keyplayers are Abbott Laboratories, BIOTRONIK SE & Co. KG, REVA Medical, Inc., Elixir Medical Corporation, and Kyoto Medical Planning Co., Ltd.
Bioabsorbable stents are biodegradable stents which are inserted into the internal ducts or blood vessel to inflate or enlarge the vessel to avoid or alleviate a blockage and these stents are easily absorbed in the body. These are fabricated using materials which have dissolving properties and perform the function of normal stents preventing blockades and gets gradually absorbed in the body.
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Market Dynamics
The global bioabsorbable stent market is expected to reach USD XX million by 2022 from USD XX million in 2016, at a CAGR of XX % during the forecast period 2017-2022.Various factors which are driving the market growth is growing geriatric population susceptible to coronary and artery diseases, increased focus of clinics on trials of bioabsorbable stents, increased adoption of these stents by doctors and physicians, growing healthcare expenditure demands,obesity-related risks of cardiovascular disorders and preference for minimally invasive therapies.
However few factors hindering the growth of the bioabsorbable stent market is slow adoption rate and stringent government regulations. Other factors include slow approval by FDA for stents under trial, less commercial availability of stents as well as cost is a major factor impacting the slow growth and recognition of the bioabsorbable stent market.
Market Segmentation
The market is segmented in terms of material, absorption rate, applications and end user. By material, the market can be segmented into Bioresorbable polymer-based stents and Bioresorbable metallic stents. By absorption rate, it can be segmented into slow-absorption stents and fast-absorption stents. By application, it can be divided into coronary artery diseases and peripheral artery diseases. By end users, it can be segmented into hospitals and cardiac centers.
Regional/Geographical Analysis
Europe is expected to hold the largest shares by 2025 in the bioabsorbable stent market. On the other hand, the fastest growing market for the bioabsorbable stents is anticipated to be Asia-Pacific. North America is expected to grow at the highest CAGR of XX% during the forecast period. Followed by Asia Pacific excluding Japan (APEJ).
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Key Players
Some of the major players in the market include Abbott Laboratories (U.S.), BIOTRONIK SE & Co. KG (Germany), REVA Medical, Inc. (U.S.), Elixir Medical Corporation (U.S.), and Kyoto Medical Planning Co., Ltd. (Japan).
Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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