openPR Logo
Press release

Biodegradable Stents Market will rise to US$ 1.7 Billion by 2024

06-19-2017 02:09 PM CET | Health & Medicine

Press release from: Transparency Market Research

Biodegradable Stents Market

Biodegradable Stents Market

The competitive landscape in the global biodegradable stents market is quite consolidated as major players in the market hold a massive chunk. In 2015, Abbott Laboratories, Boston Scientific, Inc., and Biotronik led the pack with a 61.5% share in the global market. The unwavering focus of these companies on expanding their business in newer territories has enabled them to dominate the global market. In the coming years, the players are expected to invest in advanced and sophisticated products to offer better products to the overall healthcare industry.

According to the research report, the global biodegradable stents market is anticipated to be worth US$1.7 bn by 2024 as compared to US$18 mn in 2015. During the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 30.1%.

This 165 page report gives readers a comprehensive overview of the Biodegradable Stents Market. Browse through 24 data tables and 62 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/biodegradable-stents-market.html

The two types of stents available in the global biodegradable stents market are coronary artery stents and peripheral artery stents. Of these, the coronary artery stents are expected to progress at a CAGR of 30.9% during the forecast period. The high incidence of coronary artery diseases is expected to drive this segment in the coming years.

In terms of regions the global market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The report indicates that Europe will emerge as the dominant segment in the global market in the coming years. This regional market is expected to surge at a CAGR of 27.2% during the forecast period. Germany will lead the Europe biodegradable stents market in the coming few years.

Get accurate market forecast and analysis on the Biodegradable Stents Market. Request a sample to stay abreast on the key trends impacting this market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12464

The Centers of Disease Control and Prevention (CDC) states that coronary artery diseases are responsible for 370,000 deaths across the U.S. every years. The global biodegradable stents market has been growing against the backdrop of high incidence of cardiovascular diseases, which are related to coronary artery diseases. The market is also being driven by the high prevalence of chronic conditions and rising geriatric population, which is prone to cardiovascular disorders. “The growing preference for stenting procedures for treating coronary artery diseases over bypass surgeries is also anticipated to boost the sales in the global market,” estimates the lead author of this research report. This trend is likely to be a key trend in the market as stenting reduces complications, assures better success rate, fastens recovery time, and costs less.

Bare metal stents (BMS) and drug eluting stents (DES) continue to remain in the artery long after it has eluted the drug. This can lead to thrombosis, in-stent restenosis, and other complications, which can require surgical removal of the stent. Thus, use of biodegradable stents are remarkable safer as they get completely absorbed in the artery soon after the drug is eluted. This factor has won the biodegradable stents incredible traction over the past few years.

Although the global biodegradable stents has a noteworthy CAGR, the market is likely to suffer due to the high cost of the products. Thus, the advantages of biodegradable stents are getting stymied due to their unaffordability. The premium pricing of these stents is expected to restrain the overall market’s growth in the coming years. Furthermore, the slow adoption rate of these stents in regions and countries where medical awareness is relatively low is also hampering the progress of the global market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biodegradable Stents Market will rise to US$ 1.7 Billion by 2024 here

News-ID: 584301 • Views: 82

More Releases from Transparency Market Research

Automotive Lubricants Aftermarket Top Leading Vendors: ExxonMobil Corporation, B …
The global automotive lubricants aftermarket was valued around US$ 82 Bn in 2016 and is anticipated to expand at a CAGR of 4% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled 'Automotive Lubricants Aftermarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017-2026.' Lubricant is a substance that is made up of base fluids and additives. A typical lubricant composition consist
Laser Doppler Vibrometer Market Top Leading Vendors: ONO SOKKI, OMS Corporation, …
A Laser Doppler Vibrometer (LDV) is a scientific instrument that is used to make non-contact vibration measurements of a surface. The laser beam from the Laser Doppler Vibrometer (LDV) is directed at the surface of interest, and the vibration amplitude along with frequency are extracted from the Doppler shift of the reflected laser beam frequency due to the motion of the surface. The output is a continuous analog voltage which
IT Operations and Service Management (ITOSM) Market Top Leading Vendors: Microso …
As organizations become decidedly clearer about investing in more agile IT infrastructure, players in the IT operations and services management (ITOSM) market are compelled to be highly responsive to this change, a new report by Transparency Market Research finds. To this end, the change in the ITOSM competitive landscape is already evident. The future of IT operations and service management will increasingly be defined by the sharp focus on an unmatched
Pet Grooming Market Top Leading Vendors: Bob Martin, BOSHEL, Leonard F. Jollye, …
The pet grooming market is expanding at a firm pace owing to the accessibility of frequent moveable pet groomers who deliver pet grooming activities as per the convenience of pet owners. The pet grooming market is expanding rapidly owing to the cost and convenience of the mobile groomer facilities. The process is efficient and saves time, proving to be suitable for pets and pet owners and eliminates the need to

All 5 Releases


More Releases for Biodegradable

Biodegradable Bioplastic Manufacturing / Processing Unit
Biodegradable plastic is a type of Renewable or naturally degradable or Disposable plastic, which has been invested to minimize the pollution from the earth. Currently, conventional plastic or Petro-chemical based plastics have captured 95% of the plastic industry. But, the use of plastic has been banned in various countries, due to the polluting nature of the non-recyclable plastic. Hence, the production of bioplastics is predicted replace by 10% - 35%
Global Biodegradable Packaging Market
Global Biodegradable Packaging Market – Industry Analysis and Forecast (2018-2026) – by Material Type, Application, and Region. Global Biodegradable Packaging Market was valued at US$ 6.67 Bn in 2017 and is expected to reach US$ 18.27 Bn by 2026, at a CAGR of 13.42% during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data
Biobased Biodegradable Plastics Market Report 2018: Segmentation by Product (Pol …
Global Biobased Biodegradable Plastics market research report provides company profile for Natureworks, Metabolix, Corbion, Biome Technologies, BASF, DOW, Novamont and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation
Thailand bets on biodegradable plastic
Thailand has adopted new methods in material sciences, by making biodegradable plastic with sugarcane feedstock at an investment of USD100 million. Thailand’s vast reserves of eco waste from its world-class agricultural industry are also being turned into bio gas for powering turbines. Will Thailand use agricultural waste products to create new green industries? For more information, please visit our newsroom section here: https://goo.gl/LvpsDS Spire Research and Consulting was established in 2000 to address
Biodegradable Materials Market Report 2017
Biodegradable Materials Market EMEA Biodegradable Materials market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Read Detailed Market Report @ https://www.reportsandmarkets.com/reports/emea-europe-middle-east-and-africa-biodegradable-materials-market-report-2017-1623074 Geographically, this report split EMEA into Europe, the Middle East and Africa, With sales (K MT), revenue (Million USD), market share and growth rate of
Biodegradable Polymers Market Research Report : 2017-2022
Reports And Markets Publish a New Market Research Report On –"Biodegradable Polymers Market - Segmented by Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1086094-global-biodegradable-polymers-market-segmented-by-forecasts-2017-2022 The global biodegradable polymers market has been estimated at USD XXX.X million in 2015 and is projected to reach USD XXX.X million by 2020, at a CAGR of XX.X% during the forecast period from 2015