Biodegradable Stents Market Benefit and Volume 2024 with Status and Prospect to 2031 | Boston Scientific Corporation, Abbott, Kyoto Medical Planning Co., Ltd.

Market Overview:

Biodegradable stents are medical devices that are implanted in blood vessels and arteries of the human body to provide drug delivery and scaffolding support. They are made of biodegradable materials that dissolve and disappear after usage while leaving no trace behind.

Market Dynamics:

The biodegradable stents market is expected to witness significant growth owing to increasing preference for minimally invasive procedures and growing demand for bioresorbable stents. Bioresorbable stents eliminate the need for lifelong dual antiplatelet therapy and late stent thrombosis. Moreover, they restore vessel anatomy and physiology upon degradation and absorption within the vessel and cause minimal vessel injury. Rising geriatric population and increasing adoption of unhealthy lifestyle habits leading to cardiovascular diseases worldwide will also propel the demand for biodegradable stents during the forecast period.

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Major Keyplayers Included in the Report:

Boston Scientific Corporation, Abbott, Kyoto Medical Planning Co., Ltd., QualiMed, Elixir Medical Corporation, ENDOCOR GmbH, BIOTRONIK SE & Co. KG, Amaranth Medical, Inc., and Arterial Remodeling Technologies SA

Biodegradable Stents Market: Key Drivers, Restraints, Opportunities and Trends

Increasing Prevalence of Cardiovascular Diseases is Driving the Demand for Biodegradable Stents

Cardiovascular diseases have been growing at an alarming rate worldwide. According to the World Health Organization, cardiovascular diseases accounted for over 17 million deaths in 2015, representing 31% of all global deaths. The rising prevalence of conditions like atherosclerosis, coronary artery disease and myocardial infarction has boosted the demand for angioplasty procedures where biodegradable stents are widely used. Biodegradable stents dissolve naturally in the body over time which eliminates the need for another surgery to remove the stent. This advantage has made them a preferred choice among doctors and patients.

Growing Adoption of Minimally Invasive Procedures is fueling the Biodegradable Stents Market

Minimally invasive procedures are becoming increasingly popular due to benefits like reduced complications, shorter hospital stay, faster recovery and lower healthcare costs. Biodegradable stents are well-suited for minimally invasive treatments as they do not require subsequent surgery for removal. Moreover, these bioresorbable implants cause minimal damage to blood vessels as they degrade gradually and get absorbed by the body. The increasing shift towards minimally invasive techniques in interventional cardiology has therefore boosted the demand for biodegradable stents in recent years.

High Cost of Biodegradable Stents is Limiting Widespread Adoption

While biodegradable stents offer several clinical advantages over permanent metal stents, their high price still remains a major restraint for the market. The production costs of bioresorbable polymer scaffolds and devices are significantly higher than metallic counterparts primarily due to the additional cost of research and development involved. This price gap is hampering the large scale replacement of metal stents with biodegradable variants, especially in cost-sensitive developing regions. However, with increasing production volumes the costs of biodegradable technologies are expected to decline in the foreseeable future.

Patent Expiry of Popular Drug-Eluting Stents Presents Lucrative Opportunities

The patent protection for several blockbuster drug-eluting stents (DES) will expire in the coming years. For instance, Abbott's Xience DES faced global patent expiry in 2017 while Boston Scientific's Taxus DES lost exclusivity in Europe and China in 2018. This has opened up opportunities for other players to introduce cheaper generic versions. It also presents an opportunity for biodegradable stent manufacturers to gain market share with their innovative offerings. Many companies are investing heavily in R&D to develop advanced bioresorbable scaffolds that can compete effectively against low-cost generics, thereby spurring major market growth in the post patent expiry scenario.

Rising Focus on Development of Fully Absorbable Polymer Scaffolds is a Major Trend

Currently biodegradable technologies rely on either metallic platforms or polymer matrices that fully degrade in the body. However, researchers are working to develop fully absorbable scaffolds that will eliminate long-term safety concerns related to polymers. There is a growing focus on using novel biocompatible materials which can degrade completely over time without leaving behind any residues. Favorable clinical results of fully bioresorbable drug-eluting stents have raised hopes that they could potentially replace conventional DES in the long run. This emerging trend reflects the biodegradable stents market's evolution towards safer and more efficacious solutions.

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Table of Contents with Major Points:

Executive Summary

Introduction
Key Findings
Recommendations
Definitions and Assumptions

Market Overview

Definition of Biodegradable Stents Market
Market Dynamics
Drivers
Restraints
Opportunities
Trends and Developments

Key Insights

Key Emerging Trends
Key Developments Mergers and Acquisition
New Product Launches and Collaboration
Partnership and Joint Venture
Latest Technological Advancements
Insights on Regulatory Scenario
Porters Five Forces Analysis

Qualitative Insights Impact of COVID-19 on Global Biodegradable Stents Market

Supply Chain Challenges
Steps taken by Government/Companies to overcome this impact
Potential opportunities due to COVID-19 outbreak
Conclusion

Appendix

Data Sources
Abbreviations
Disclaimer
TOC Continued…!

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