Global Absorbable Heart Stent Industry Report – Forecast to 2023 is latest research report published by “Market Research Future”, which provides comprehensive information on Absorbable Heart Stent Market – Trends, Size, Share, Statistics with historic and forecast data to 2023.
Global Absorbable Heart Stent Market – Highlights
In 2015, according to WHO reports, globally, the prevalence of cardiac disease in adults aged 18 and above was around 24.1% in men and 20.1% in women largely from low and middle income countries.
Increasing unhealthy habits, lack of physical exercise and increasing prevalence of cardiac diseases contributed growth to the market. According to American college of cardiology, absorbable heart stent will replace the conventional metal stents in coming years.
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Global absorbable heart stent market is expected to reach USD 6.2 billion by 2023 at a CAGR of 9.6% during forecast period 2017 to 2023.
This is due to number of advantages of using absorbable heart stents. Most bioresorbable stents are made of polylactic acid. It is a naturally dissolvable material used in medical implants.
Leading Key Players
- Abbott Laboratories (U.S.)
- Biotronik (Germany)
- Arterial Remodeling Technologies SA (France)
- Amaranth Medical Inc. (U.S.)
- Kyoto Medical Planning Co. Ltd. (Japan)
- Elixir Medical Corporation (U.S.)
- Reva Medical Inc. (U.S.)
Global Absorbable Heart Stent Market – Growth and Analysis
Demand for absorbable heart stents is increasing due to advancement in technology of developing heart stents and increase in number of cardiac surgeries. On the other hand, there are few hurdles in the growth of this market.
One of the biggest player in absorbable stent market, Abbott Vascular, has stopped manufacturing of its interventional cardiology product ABSORB GT.
The company has terminated sales and operations related to this product in all the countries across the world due to the increased heart attack incidences with the use of its product.
This major development may result in thwarting the growth of the market in the near future. However, market may regain its growth if the company resolves the issue in time and come up with better product in the market.
Detailed Regional Analysis
The Absorbable Heart Stent Market is segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas dominates the Absorbable Heart Stent Market due to high healthcare expenditures, a well-developed healthcare sector, and increasing prevalence of the coronary artery diseases.
Moreover, the presence of developed economies like the U.S. and Canada facilitates the market growth during the forecast period. Europe stands second in the Absorbable Heart Stent Market and is estimated to be followed by Asia Pacific. Huge patient population, increasing research and development expenses, and increasing awareness are the major drives the market growth within Europe.
Asia Pacific region is estimated to be the fastest growing for the Global Absorbable Heart Stent Market. This can be attributed to the presence of developing economies like India and China, a developing healthcare sector, growing healthcare industries within the region.
However, the Middle East & Africa is estimated to hold the least market share of the market owing to the presence poor economies and stringent government policies within the African region.
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Some Points form TOC for Absorbable Heart Stent Market Research:
- Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
- Research Methodology
3.1 Research Process
3.2 Primary Research
…To be continued
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