Global Absorbable Heart Stent Market, By Material Type (Metal, Polymer), Application (Coronary Artery Disease, Periphery Artery Disease), End User (Hospitals and Clinics, Cardiovascular Centers, Research Institutes and Organizations, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Absorbable Heart Stent Market
The absorbable heart stent market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 655.37 million by 2028 and is expected grow at a CAGR of 10.33% in the above mentioned forecast period.
Stents are the type of small expandable tubes, used to raise the arteries of the patient to prevent blockage. These types of stents are called heart stents or cardiac stents. It is used for broadening the narrowed arteries and helps in dropping chest pain and limiting chances of heart attack. These stents are broadly used for the treatment of coronary and peripheral artery diseases.
The rise in incidence of coronary artery disease and subsequent growth in the number of PCI procedures is amongst the significant factors expected to fuel the growth and demand of absorbable heart stent market. In addition, the rise in the number of patients with chronic diseases and high government initiatives for healthcare reforms are also anticipated to push the growth in the global absorbable heart stent market over the forecast period of 2021 to 2028. Likewise, the huge patient pool and increase in the prevalence of CAD and PAD are also projected to lift the growth of the market. Furthermore, the rise in geriatric population and rapid technological advancements is also expected to act as significant factors which will flourish the growth of the absorbable heart stent market.
The increase in the use of these stents by healthcare physicians, regulatory approvals, rise in awareness regarding advantages associated with absorbable cardiac stents and rapid rise in the patient’s preference for minimally invasive therapies are expected to offer significant growth opportunities for the absorbable heart stent market in the forecast period of 2021 to 2028.
However, the high cost of absorbable cardiac stent and product failure and product recalls are estimated to limit the growth of the absorbable heart stent market, whereas, the declining costs of stents and various complications associated with implantation of stents can challenge the growth of the absorbable heart stent market.
This absorbable heart stent market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the absorbable heart stent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Absorbable Heart Stent Market Scope and Market Size
The absorbable heart stent market is segmented on the basis of material type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The material type segment of the absorbable heart stent market is segmented into metal and polymer.
- On the basis of application, the absorbable heart stent market is segmented into coronary artery disease and periphery artery disease.
- The absorbable heart stent market has also been segmented based on the end user into hospitals and clinics, cardiovascular centers, research institutes and organizations, others.
Absorbable Heart Stent Market Country Level Analysis
The absorbable heart stent market is analyzed and market size insights and trends are provided by country, material type, application and end user as referenced above.
The countries covered in the absorbable heart stent market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the absorbable heart stent market owing to rise in number of patients with chronic diseases and rapid increase in government initiatives for healthcare reforms. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid development of healthcare infrastructures and rise in number of patients suffering from chronic disease, such as cardiovascular disease.
The country section of the absorbable heart stent market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The absorbable heart stent market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for absorbable heart stent market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the absorbable heart stent market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Absorbable Heart Stent Market Share Analysis
The absorbable heart stent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to absorbable heart stent market.
The major players covered in the absorbable heart stent market report are Abbott, BIOTRONIK SE & Co KG, Medtronic, KYOTO MEDICAL PLANNING Co., Ltd., REVA Medical, Inc., Elixir Medical, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Europe NV, Meril Life Sciences Pvt. Ltd., Biosensors International Group, Ltd., STENTYS SA, MicroPort Scientific Corporation, Vascular Concept, Translumina GmbH, Medinol Ltd., ENDOCOR GmbH, Comed B.V., Andramed GmbH and Cardinal Health among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-