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Rapid Growth Projected for Bioabsorbable Stents Market
Bioabsorbable Stents Market
Cardiovascular Disease Rates Fueling Bioabsorbable Stents Market Growth
The increasing prevalence of cardiovascular diseases is a pivotal factor driving the bioabsorbable stents market. Given that cardiovascular disorders are a leading cause of global mortality, with 4 out of 5 cardiovascular deaths attributed to strokes and heart attacks, the demand for bioresorbable stents is on the rise. Bioabsorbable stents address the risks of late complications associated with conventional metal stents, such as scaffold thrombosis or restenosis. With the American Heart Association estimating over 23.6 million cardiovascular-related deaths by 2030, the demand for bioabsorbable stents is expected to surge.
Heart Failure Epidemic Boosts Bioabsorbable Stents Market
The rising incidence of heart failure is a significant driver for the growth of the bioabsorbable stents market. With heart failure characterized by the heart muscle's reduced ability to efficiently pump blood, bioabsorbable stents play a crucial role in managing the condition, enhancing cardiac performance, and alleviating symptoms. The Heart and Stroke Foundation of Canada reports a current count of 750,000 individuals diagnosed with heart failure, with projections indicating a steady increase and healthcare expenditures reaching $2.8 billion annually by 2030. The escalating rate of heart failure is poised to drive the growth of the bioabsorbable stents market.
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Major Players in the Bioabsorbable Stents Market
Major companies operating in the bioabsorbable stents market include Abbott Laboratories, REVA Medical Inc., Elixir Medical Corporation, Biotronik SE & Co. KG, Amaranth Medical Inc., Zorion Medical Inc., Tepha Inc., S3V Vascular Technologies, ICON Interventional Systems Inc., Arterius Limited, Microport Scientific Corporation, Meril Life Sciences Pvt. Ltd., Medlogics Device Corporation, B. Braun Melsungen AG, Boston Scientific Corporation, C.R. Bard Inc., Stentys SA, Terumo Corporation, OrbusNeich, Arterial Remodeling Technologies, Cardionovum GmbH, Envision Scientific Pvt Ltd., Eurocor GmbH, Hexacath, Kyoto Medical Planning Co. Ltd., Lifetech Scientific (Shenzhen) Co. Ltd., Manli Cardiology Limited, Medtronic Inc., QualiMed Innovative Medizinprodukte GmbH, Sahajanand Medical Technologies Pvt. Ltd., Sinomed, Surmodics Inc., Translumina Therapeutics, Vascular Concepts Limited, Xenogenics Corporation.
Drug-Eluting Stents Take Center Stage in the Bioabsorbable Stents Market
The drug-eluting stent (DES) is gaining significant popularity in the bioabsorbable stents market, with Boston Scientific launching a self-expanding drug-eluting stent (DES) peripheral artery disease (PAD) scheme, contributing to the expansion of its PAD portfolio.
Innovations with Orsiro Mission Bp-Des Technology
Major companies in the bioabsorbable stents market are pioneering innovations with technologies like Orsiro Mission bioabsorbable polymer drug-eluting stent system (BP-DES) to enhance profitability. For instance, Biotronik launched the Orsiro Mission BP-DES in Canada, a solution addressing coronary artery disease by increasing coronary artery diameter in patients with conditions such as diabetes mellitus.
Regional Insights
North America emerged as the largest region in the bioabsorbable stents market in 2023, with Western Europe following closely as the second-largest region. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation
The bioabsorbable stents market covered in this report is segmented:
• By Product Type: Polymer-based Bioabsorbable Stents, Metal-based Bioabsorbable Stents
• By Absorption Rate: Slow-absorption Stents, Fast-absorption Stents
• By Applications: Coronary Artery Diseases, Peripheral Artery Diseases
Access the Complete Report for In-Depth Analysis:
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Bioabsorbable Stents Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Bioabsorbable Stents Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on bioabsorbable stents market size, bioabsorbable stents market drivers and trends, market major players, competitors' revenues, market positioning, and market growth across geographies. The market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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