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Bioabsorbable Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Bioabsorbable Stents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • September 2022
  • 145 pages
  • ID: 6321132
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global bioabsorbable stents market size reached US$ 346.22 Million in 2021. Looking forward, the analyst expects the market to reach US$ 571.78 Million by 2027, exhibiting a growth rate (CAGR) of 8.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Bioabsorbable stents (BRS) are coated with an antiproliferative drug or gene that dissolves over time to restore vessel patency and permit remodeling while retaining recoil. It helps in regulating blood flow at branch points and limiting the amount of blood to areas of the vascular network while maintaining the flow at low perfusion. It also improves lesion imaging with cardiac computed tomography (CT) and magnetic resonance imaging (MRI). In addition, it leaves no residual scaffold, reduces vessel irritation and inflammation, and facilitates repeat treatments to the same site. As a result, BRS finds extensive applications in hospitals and cardiac centers across the globe.

Bioabsorbable Stents Market Trends:
The growing prevalence of cardiovascular diseases due to an unhealthy diet, physical inactivity, and excessive consumption of tobacco and alcohol represents one of the factors driving the market. Moreover, there is a rise in the utilization of percutaneous coronary intervention (PCI) procedures to open a blocked artery for carrying oxygen-rich blood through the body. This, along with the expanding healthcare industry, is contributing to the growth of the market. Besides this, the increasing awareness among the masses about the benefits of bioabsorbable stents is offering lucrative growth opportunities to industry investors. In addition, the growing demand for minimally invasive procedures due to less postoperative pain, fewer operative and postoperative complications, shortened hospital stay, and faster recovery times is positively influencing the market. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce SLENDER integrated delivery system (IDS) fixed-wire and DIRECT RX bioabsorbable rapid-exchange drug-eluting stent (DES) systems to treat coronary artery disease. They are also focusing on developing polymer-based stents, which is expected to bolster the growth of the market.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global bioabsorbable stents market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on biomaterial, absorption rate, application and end user.

Breakup by Biomaterial:
Polymer-based Bioabsorbable Stents
Metal-based Bioabsorbable Stents

Breakup by Absorption Rate:
Slow-Absorption Stents
Fast-Absorption Stents

Breakup by Application:
Coronary Artery Disease
Peripheral Artery Disease

Breakup by End User:
Hospitals
Cardiac Centers

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Arterius Limited, B. Braun SE, Biotronik SE & Co. KG, Boston Scientific Corporation, Elixir Medical Corporation, Kyoto Medical Planning Co. Ltd., Lepu Medical Technology (Beijing) Co. Ltd., Meril Life Sciences Pvt. Ltd., Reva Medical LLC and Terumo Corporation.



Key Questions Answered in This Report:

How has the global bioabsorbable stents market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global bioabsorbable stents market?
What are the key regional markets?
What is the breakup of the market based on the biomaterial?
What is the breakup of the market based on the absorption rate?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global bioabsorbable stents market and who are the key players?
What is the degree of competition in the industry?

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