Market Overview:
The global absorbable coronary stent market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in absorbable coronary stents, and rising demand for minimally invasive procedures. Based on type, the global absorbable coronary stent market is segmented into polymer and biomaterials. The polymer segment is expected to account for the majority share of the global absorbable coronary stent market in 2018. This can be attributed to its high biocompatibility and mechanical properties. Based on application, the global absorbable coronary stent market is segmented into dilated cardiomyopathy, ischemic cardiomyopathy, and others (aortic aneurysm repair). The dilated cardiomyopathy segment accounted for the majority share of the global absorbable coronary stent market in 2017 and this trend is projected to continue during the forecast period.
Product Definition:
Absorbable coronary stents are devices that are inserted into the heart to open blocked arteries. They are made of a material that is designed to be absorbed by the body over time, which eliminates the need for a second surgery to remove the stent. Absorbable coronary stents have been shown to be safe and effective in clinical trials, and they may offer some advantages over traditional metal stents, such as reduced risk of complications.
Polymer:
Polymer is a substance that can be made from two or more elements joined together to form a network. The most common example of polymer is the plastic, which consists of chains of carbon and hydrogen atoms linked by strong chemical bonds. Polymers are used in absorbable coronary stents because they have several beneficial properties such as mechanical strength, flexibility, toughness, and biocompatibility.
Bomaterials:
Bomaterials are made up of different types of materials such as stainless steel, polymeric matrix composites, and titanium. The selection of the material is based on various factors such as mechanical properties (modulus & yield strength), biocompatibility (toxicity & allergic reactions), cost efficiency, and performance in terms of flexibility or rigidity.
The global market for bovine pericardium was valued at USD 545 million in 2015.
Application Insights:
Based on the application, the global market is segmented into dilated cardiomyopathy (DCM), ischemic cardiomyopathy (ICM) and others. In 2017, DCM held a majority of share in the market due to increasing prevalence of heart diseases such as coronary artery disease and heart attack. As per estimates by WHO, in 2016 approximately 1 billion people have suffered from a cardiovascular disease globally which includes 400 thousand deaths every year. Thus rising number of patients suffering from cardiac disorders are driving demand forabsorbable coronary stent worldwide.
On the other hand, ICM segment is expected to witness lucrative growth over forecast period due to high risk factor associated with this condition that demands immediate treatment with angioplasty or surgery depending upon its severity.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to various factors such as favorable government initiatives, technological advancements, and high healthcare expenditure in this region. Moreover, increasing cases of ischemic heart diseases due to a sedentary lifestyle are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population and prevalence of cardiovascular diseases (CVDs). According to WHO data published in May 2018 edition of The World Report on Cardiovascular Diseases, CVDs contributed towards 31% deaths among Asian population aged 45-74 years; 23% amongst those aged 75-144 years; and 17% amongst those aged 145+ years. Thus, an aging population with high risk CVDs drives Asia Pacific’s Absorbable Coronary Stent Market demand over the forecast period.
Growth Factors:
- Increasing incidence of coronary artery diseases (CAD)
- Rising geriatric population susceptible to CAD
- Technological advancements in absorbable coronary stents
- Growing preference for minimally invasive procedures over traditional open heart surgery
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Absorbable Coronary Stent Market Research Report
By Type
Polymer, Bomaterials
By Application
Dilated Cardiomyopathy, Ischemic Cardiomyopathy, Others
By Companies
Abbott Laboratories, Biotronik, Arterial Remodeling Technologies, Amaranth Medica, Kyoto Medical Planning, Elixir Medical Corporation, Reva Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Absorbable Coronary Stent Market Report Segments:
The global Absorbable Coronary Stent market is segmented on the basis of:
Types
Polymer, Bomaterials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dilated Cardiomyopathy, Ischemic Cardiomyopathy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Laboratories
- Biotronik
- Arterial Remodeling Technologies
- Amaranth Medica
- Kyoto Medical Planning
- Elixir Medical Corporation
- Reva Medical
Highlights of The Absorbable Coronary Stent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polymer
- Bomaterials
- By Application:
- Dilated Cardiomyopathy
- Ischemic Cardiomyopathy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Absorbable Coronary Stent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Absorbable coronary stents are a type of medical device that is inserted into the coronary artery to prevent it from narrowing.
Some of the key players operating in the absorbable coronary stent market are Abbott Laboratories, Biotronik, Arterial Remodeling Technologies, Amaranth Medica, Kyoto Medical Planning, Elixir Medical Corporation, Reva Medical.
The absorbable coronary stent market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absorbable Coronary Stent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Absorbable Coronary Stent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Absorbable Coronary Stent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Absorbable Coronary Stent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Absorbable Coronary Stent Market Size & Forecast, 2018-2028
4.5.1 Absorbable Coronary Stent Market Size and Y-o-Y Growth
4.5.2 Absorbable Coronary Stent Market Absolute $ Opportunity
Chapter 5 Global Absorbable Coronary Stent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Absorbable Coronary Stent Market Size Forecast by Type
5.2.1 Polymer
5.2.2 Bomaterials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Absorbable Coronary Stent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Absorbable Coronary Stent Market Size Forecast by Applications
6.2.1 Dilated Cardiomyopathy
6.2.2 Ischemic Cardiomyopathy
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absorbable Coronary Stent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Absorbable Coronary Stent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Absorbable Coronary Stent Analysis and Forecast
9.1 Introduction
9.2 North America Absorbable Coronary Stent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Absorbable Coronary Stent Market Size Forecast by Type
9.6.1 Polymer
9.6.2 Bomaterials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Absorbable Coronary Stent Market Size Forecast by Applications
9.10.1 Dilated Cardiomyopathy
9.10.2 Ischemic Cardiomyopathy
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Absorbable Coronary Stent Analysis and Forecast
10.1 Introduction
10.2 Europe Absorbable Coronary Stent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Absorbable Coronary Stent Market Size Forecast by Type
10.6.1 Polymer
10.6.2 Bomaterials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Absorbable Coronary Stent Market Size Forecast by Applications
10.10.1 Dilated Cardiomyopathy
10.10.2 Ischemic Cardiomyopathy
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Absorbable Coronary Stent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Absorbable Coronary Stent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Absorbable Coronary Stent Market Size Forecast by Type
11.6.1 Polymer
11.6.2 Bomaterials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Absorbable Coronary Stent Market Size Forecast by Applications
11.10.1 Dilated Cardiomyopathy
11.10.2 Ischemic Cardiomyopathy
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Absorbable Coronary Stent Analysis and Forecast
12.1 Introduction
12.2 Latin America Absorbable Coronary Stent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Absorbable Coronary Stent Market Size Forecast by Type
12.6.1 Polymer
12.6.2 Bomaterials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Absorbable Coronary Stent Market Size Forecast by Applications
12.10.1 Dilated Cardiomyopathy
12.10.2 Ischemic Cardiomyopathy
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Absorbable Coronary Stent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Absorbable Coronary Stent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Absorbable Coronary Stent Market Size Forecast by Type
13.6.1 Polymer
13.6.2 Bomaterials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Absorbable Coronary Stent Market Size Forecast by Applications
13.10.1 Dilated Cardiomyopathy
13.10.2 Ischemic Cardiomyopathy
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Absorbable Coronary Stent Market: Competitive Dashboard
14.2 Global Absorbable Coronary Stent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 Biotronik
14.3.3 Arterial Remodeling Technologies
14.3.4 Amaranth Medica
14.3.5 Kyoto Medical Planning
14.3.6 Elixir Medical Corporation
14.3.7 Reva Medical
