Global Absorbable Heart Stent Market to reach USD XXXX billion by 2027.Global Absorbable Heart Stent Market is valued approximately USD XXXX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XXXX % over the forecast period 2021-2027. Absorbable Heart Stent is made of a naturally dissolvable material called polylactide which is similar to dissolving stitches. 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. Increasing in prevalence of Coronary Artery Disease (CAD) and Periphery Artery Disease (PAD) are projected to lift the market growth for the absorbable heart stent market. For Instance: as per the American College of Cardiology on 1st Aug 2019, the number of people with peripheral artery disease (PAD) worldwide increased 23.5 percent, from about 164 million in 2000 to 202 million in 2010. Also, rise in awareness regarding advantages associated with absorbable cardiac stent will increase the adoption & demand for Absorbable Heart Stent is likely to increase the market growth during the forecast period. However, high cost associated with absorbable stent impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Absorbable Heart Stent market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the rising number of patients with chronic diseases and increase in government initiatives in healthcare reforms. Whereas, Asia-Pacific is also anticipated to exhibit significant growth rate over the forecast period 2021-2027. Factors such as rapid development of healthcare infrastructure and increase in number of patients suffering from chronic diseases would create lucrative growth prospects for the Absorbable Heart Stent market across Asia-Pacific region.
Major market player included in this report are:
BIOTRONIK SE & Co KG
KYOTO MEDICAL PLANNING Co., Ltd.
REVA Medical, Inc.
Boston Scientific Corporation
B. Braun Melsungen AG
Terumo Europe NV
Meril Life Sciences Pvt. Ltd.
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 Material Type:
Coronary Artery Disease
Periphery Artery Disease
By End User:
Hospitals and Clinics
Research Institutes and Organizations
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Absorbable Heart Stent Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers