The most recent study conducted by Report Ocean, titled “Global Bioabsorbable Stents Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Bioabsorbable Stents. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Bioabsorbable Stents Market Size study, by Product Type (Polymeric Stents, Metallic Stents, Polymeric-coated Metallic Stents) by Disease Indication (coronary artery disease, Peripheral Artery Disease) by Absorption Rate (Slow Absorption Rate, Fast Absorption Rate) by end use industries (Hospitals, Cardiac Catheterization Labs, Ambulatory Surgical Centers) and Regional Forecasts 2022-2028Global Bioabsorbable Stents Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. A bioresorbable stent commonly known as naturally dissolving stent serves the same purpose as metal-based stent but is manufactured from a material that can dissolve or be absorbed in the body over time.
Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5161
Generally, bioresorbable stents are made of polylactic acid, a naturally dissolvable material that is used in medical implants such as dissolving sutures. Growing prevalence of cardiovascular diseases (CVDs) and rising R&D activities and product innovation from leading market players are key drivers for the growth of Bioabsorbable Stents market. For instance, according to global database Management Company Statista- As of 2021, approximately 17.9 million people died from CVDs in 2019, accounting for 32% of all global deaths. Of these 17.9 million deaths, 85% were due to heart attack and stroke. Furthermore, as per American College of Cardiology (ACC)- in 2019, CVD was the leading cause of 9.6 million deaths among men and 8.9 million deaths among women, around a third of all deaths globally.
Furthermore, in July 2021, BD (Becton, Dickinson, and Company), an American multinational medical technology company has acquired Tepha, Inc., a leading developer and manufacturer of a proprietary resorbable polymer technology. Moreover, in September 2021, Germany based medical device company, Biotronik has received US FDA approval of its Orsiro Mission bioabsorbable polymer coronary drug-eluting stent system (BP-DES). Also, with the increasing advancements in Medical Equipment Technology and rising healthcare sector in emerging economies, the adoption & demand for Bioabsorbable Stents is likely to increase the market growth during the forecast period. However, lack of awareness regarding Bioabsorbable Stents and complications associated with bioabsorbable stents such as susceptible to structural failure impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Bioabsorbable Stents market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading market players and higher disposable income and better healthcare infrastructure in the region. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as rising prevalence of cardiovascular diseases and growing healthcare infrastructure in the region would create lucrative growth prospects for the Bioabsorbable Stents market across Asia-Pacific region.
Major market player included in this report are:
Abbott Laboratories,
Amaranth Medical, Inc.,
BIOTRONIK SE & Co. KG,
Elixir Medical Corporation,
REVA Medical, Inc.,
Tepha, Inc.,
Kyoto Medical Planning Co., Ltd.,
Boston Scientific Corporation,
Becton Dickinson and Company
Lepu Medical Technology (Beijing) Co., Ltd.,
Download Free Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=bw5161
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Polymeric Stents
Metallic Stents
Polymeric-coated Metallic Stents
By Disease Indication:
Coronary Artery Disease
Peripheral Artery Disease
By Absorption Rate:
Slow Absorption Rate
Fast Absorption Rate
By End Use Industries:
Hospitals
Cardiac Catheterization Labs
Ambulatory Surgical Centers
By Region:
North America
U.S.
Canada
To Get More Business Strategies For Request Sample Report:-https://reportocean.com/industry-verticals/sample-request?report_id=bw5161
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
Request Full Report- https://reportocean.com/industry-verticals/sample-request?report_id=bw5161
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1888 212 3539 (US – TOLL FREE)
Website:https://reportocean.com