Biodegradable Stents Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that the Biodegradable Stents Market is estimated to grow from USD 288.7 million in 2020 to USD 490.2 million by 2026 at a healthy CAGR of 9.4% during the forecast period.
The rise in the geriatric population, surge in percutaneous coronary intervention (PCI) procedure, growing prevalence of cardiovascular disease, and an increase in adaptation of bioabsorbable stents by patients and physicians are some of the major factors boosting the market growth. Moreover, strong growth in demand for minimally invasive procedures, advancement in technology in stents, and rise in the initiative taken by the government for the development production of bioabsorbable stents further augment the industry growth.
Market Segments' Analysis
According to Stratview Research, the Biodegradable Stents Market is segmented By Biomaterial (Polymeric Stents, Metallic Stents), By Application (Coronary Artery Disease, Peripheral Artery Disease), By End-User (Hospital, Cardiac Centers) and Region.
Based on biomaterial, the market has been classified into polymeric stents and metallic stents. The polymeric stents segment accounted for a substantial market share in 2020. This is mainly ascribed to an increase in the usage of polymeric stents by several physicians, companies, and patients due to less inflammatory response, and low risk of associated complications. Also, research is still conducted on polymeric stent materials for the development of the novel bioabsorbable stents, which possess a low risk for restenosis and late-stent thrombosis, which further bolsters the segment growth.
The market in North America accounted for the largest share in 2020 and is projected to continue its dominance during the review period. This is mainly attributed to the surge in prevalence of cardiovascular disease, rise in the number of approval for novel bioabsorbable stents, the large presence of advanced healthcare infrastructure, as well as presence of major market participants. In addition, the surge in RD activities in the healthcare sector and enhancement of healthcare infrastructure, and presence of major players operating in the region, which further proliferates the regional growth.
Top key vendors in the market:
The report mentions a list of key players in the Biodegradable Stents Market. Some of them are mentioned below –
- Boston Scientific Corporation (US)
- Arterius Limited (UK)
- Elixir Medical Corporation (US)
- Kyoto Medical Planning Co. Ltd (Japan)
- Terumo Corporation (Japan)
- Abbott Laboratories Inc. (US)
- Amaranth Medical (US)
- Biotronik (Germany)
- Meril Life Sciences Pvt. Ltd (India)
- Reva Medical (US)
Key Questions Answered in The Report:
- Which region will show the higher and rapid growth?
- Who are the top key players of the Biodegradable Stents Market?
- How will the market change in the upcoming five years?
- What was the impact of Covid19 on the market?
- Which application/ service/product will take a lion's share of the market?
- What are the market drivers and constraints?
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