Exclusive Market Study Estimates that Bioabsorbable Stents Market will grow at 11.0% CAGR during 2019 – 2023 | Abbott, Kyoto Medical Planning, Reva Medical, Elixir Medical, Amaranth Medical, Terumo, Arterius, Biotronik

Marketprognosis.com Publish a New Market Research Report On “Global Bioabsorbable Stents Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Bioabsorbable Stents Market:

The report spread across 111 pages is an overview of the Global Bioabsorbable Stents Market. These report study based on the Bioabsorbable Stents Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Bioabsorbable Stents Market is expected to register a CAGR of 11% during the forecast period (2019 - 2023). Bioabsorbable stents are normally used in the treatment of blocked arteries. These stents are tiny, stretchy mesh tubes that hold arteries open and can help in the treatment of coronary and peripheral artery diseases. Bioabsorbable stents are fully biodegradable stents which will completely disappear over time.

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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 about 17.7 million people died because of cardiovascular diseases 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 stent’s 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.

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Europe has the largest market share in 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.

Major Key Players:

1 Abbott Laboratories

2 Kyoto Medical Planning Co. Ltd

3 Reva Medical

4 Elixir Medical Corporation

5 Amaranth Medical

6 Terumo Corporation

7 Arterius Limited

8 Biotronik

9 Xenogenics Corporation and More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Bioabsorbable Stents Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.