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Global Bioabsorbable Stents Market to reach USD XX billion by 2028.

Global Bioabsorbable Stents Market to reach USD XX billion by 2028.

Product Code: HLSMDE-21212348
Publish Date: 23-03-2022
Page: 200

Global Bioabsorbable Stents Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % 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. 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.,
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.,
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:
Cardiac Catheterization Labs
Ambulatory Surgical Centers
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2022
Forecast period – 2022 to 2028

Target Audience of the Global Bioabsorbable Stents Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Bioabsorbable Stents Market, by Region, 2020-2028 (USD Billion)
1.2.2. Bioabsorbable Stents Market, by Product Type, 2020-2028 (USD Billion)
1.2.3. Bioabsorbable Stents Market, by Disease Indication, 2020-2028 (USD Billion)
1.2.4. Bioabsorbable Stents Market, by Absorption Rate, 2020-2028 (USD Billion)
1.2.5. Bioabsorbable Stents Market, by End Use Industries, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bioabsorbable Stents Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bioabsorbable Stents Market Dynamics
3.1. Bioabsorbable Stents Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing prevalence of cardiovascular diseases (CVDs). Rising R&D activities and product innovation.
3.1.2. Market Challenges complications associated with bioabsorbable stents. Lack of awareness about the bioabsorbable stents.
3.1.3. Market Opportunities Rising advancements in Medical Equipment Technology. Growing Healthcare industry in emerging economies.
Chapter 4. Global Bioabsorbable Stents Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Bioabsorbable Stents Market, by Product Type
6.1. Market Snapshot
6.2. Global Bioabsorbable Stents Market by Product Type, Performance – Potential Analysis
6.3. Global Bioabsorbable Stents Market Estimates & Forecasts by Product Type 2019-2028 (USD Billion)
6.4. Bioabsorbable Stents Market, Sub Segment Analysis
6.4.1. Polymeric Stents
6.4.2. Metallic Stents
6.4.3. Polymeric-coated Metallic Stents
Chapter 7. Global Bioabsorbable Stents Market, by Disease Indication
7.1. Market Snapshot
7.2. Global Bioabsorbable Stents Market by Disease Indication, Performance – Potential Analysis
7.3. Global Bioabsorbable Stents Market Estimates & Forecasts by Disease Indication 2019-2028 (USD Billion)
7.4. Bioabsorbable Stents Market, Sub Segment Analysis
7.4.1. Coronary Artery Disease
7.4.2. Peripheral Artery Disease
Chapter 8. Global Bioabsorbable Stents Market, by Absorption Rate
8.1. Market Snapshot
8.2. Global Bioabsorbable Stents Market by Absorption Rate, Performance – Potential Analysis
8.3. Global Bioabsorbable Stents Market Estimates & Forecasts by Absorption Rate 2019-2028 (USD Billion)
8.4. Bioabsorbable Stents Market, Sub Segment Analysis
8.4.1. Slow Absorption Rate
8.4.2. Fast Absorption Rate
Chapter 9. Global Bioabsorbable Stents Market, by End Use Industries
9.1. Market Snapshot
9.2. Global Bioabsorbable Stents Market by End Use Industries, Performance – Potential Analysis
9.3. Global Bioabsorbable Stents Market Estimates & Forecasts by End Use Industries 2019-2028 (USD Billion)
9.4. Bioabsorbable Stents Market, Sub Segment Analysis
9.4.1. Hospitals
9.4.2. Cardiac Catheterization Labs
9.4.3. Ambulatory Surgical Centers
Chapter 10. Global Bioabsorbable Stents Market, Regional Analysis
10.1. Bioabsorbable Stents Market, Regional Market Snapshot
10.2. North America Bioabsorbable Stents Market
10.2.1. U.S. Bioabsorbable Stents Market Product Type breakdown estimates & forecasts, 2019-2028 Disease Indication breakdown estimates & forecasts, 2019-2028 Absorption Rate breakdown estimates & forecasts, 2019-2028 End Use Industries breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Bioabsorbable Stents Market
10.3. Europe Bioabsorbable Stents Market Snapshot
10.3.1. U.K. Bioabsorbable Stents Market
10.3.2. Germany Bioabsorbable Stents Market
10.3.3. France Bioabsorbable Stents Market
10.3.4. Spain Bioabsorbable Stents Market
10.3.5. Italy Bioabsorbable Stents Market
10.3.6. Rest of Europe Bioabsorbable Stents Market
10.4. Asia-Pacific Bioabsorbable Stents Market Snapshot
10.4.1. China Bioabsorbable Stents Market
10.4.2. India Bioabsorbable Stents Market
10.4.3. Japan Bioabsorbable Stents Market
10.4.4. Australia Bioabsorbable Stents Market
10.4.5. South Korea Bioabsorbable Stents Market
10.4.6. Rest of Asia Pacific Bioabsorbable Stents Market
10.5. Latin America Bioabsorbable Stents Market Snapshot
10.5.1. Brazil Bioabsorbable Stents Market
10.5.2. Mexico Bioabsorbable Stents Market
10.6. Rest of The World Bioabsorbable Stents Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Abbott Laboratories, Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments

11.2.2. Amaranth Medical, Inc.,
11.2.3. BIOTRONIK SE & Co. KG,
11.2.4. Elixir Medical Corporation,
11.2.5. REVA Medical, Inc.,
11.2.6. Tepha, Inc.,
11.2.7. Kyoto Medical Planning Co., Ltd.,
11.2.8. Boston Scientific Corporation,
11.2.9. Becton Dickinson and Company
11.2.10. Lepu Medical Technology (Beijing) Co., Ltd.,
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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