The global biodegradable stents market is expected to grow at a CAGR of 12.2% by 2028 from USD 1,064.6 million in 2018. Growing awareness for the benefits of biodegradable stents over metallic devices, an increasing number of procedures, and a growing geriatric population are some key factors driving the growth of this market. The global biodegradable stents market has been witnessing significant growth, owing to the developments in the healthcare sector. The advancements in medical devices have led to the use of these products for various treatment purposes and this is one of the major factors driving the demand for biodegradable stents globally.
Biodegradable stents are drug-eluting devices that have an outer support frame and a porous inner body. They release small doses of medication to help prevent future blood vessel blockages in the same way as other types of a heart stents, but then break down over time.
Stents can be made from either metal or polymers. The main difference between them is their degradation properties: biodegradable polymer materials naturally dissolve in bodily fluids after they've been implanted, while metal-based bioabsorbables need to be surgically removed by cardiologists once their job is done. This means that metallic implants will remain intact for many years until it's necessary to remove them; meanwhile, polymer ones should stay put for around a few months.
A growing number of people are looking for better treatment options, including a biodegradable stent that can be absorbed by the body after some time -thus reducing post-procedure costs as well as recovery times. Bioabsorbable represent an alternative to more commonly used devices such as metal or polymer-based permanent ones made out of materials like titanium which would require surgical removal at a later date.
On the basis of Type, the market is segmented divided into Polymer Based Bioabsorbable Stents and Metal Based Bioabsorbable Stents. The North American region has been dominating the global biodegradable stent market owing to a high prevalence rate of cardiovascular diseases in this region such as coronary artery disease (CAD) or peripheral artery disorder (PAD), which leads to growth in demand for these devices across different applications.
A polymer-based bioabsorbable stent is a device used to hold open an artery that has been narrowed by atherosclerosis. These devices can be made from various materials such as polylactic acid, elastin, and silicone rubber.
Unlike other types of coronary stents which are sometimes permanent or long-lasting (i.e., metallic), these biodegradable stents degrade over time into the body with no need for removal. They were developed in response to concerns about possible adverse side effects associated with metal-based frames on the arterial wall, especially those containing nickel or chromium metals.
These implants have been constructed with stainless steel which provides strength while remaining soft so they blend easily into the desired shape before insertion. They also undergo a process called "aging" in order to make them softer still making them easier to insert through tight spaces without damaging surrounding tissues due to the rigid metal.
On the basis of Application, the market is divided into Coronary Artery Disease and Peripheral Artery Disorder.
This is a condition where the arteries that supply blood to the heart become narrowed because of narrowing due to cholesterol plaque or other substances such as calcium deposits which reduce the amount of oxygen-carrying capacity in those channels, limiting blood flow and leading to chest pain (angina) and shortness of breath.
These are conditions affecting peripheral arterial vessels which cause them to narrow over time cutting down on nutrients getting delivered into muscles resulting in weakness, cramps, and even numbness. Symptoms may also include claudication where you experience pain when walking for more than half an hour or any fatigue after walking less than one kilometer; intermittent claudications with relief.
On the basis of Region, the market is segmented global market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America market is expected to be the fastest-growing region in terms of revenue owing to increased awareness about biodegradable stents. Europe has witnessed a decline in use due to an increase in awareness regarding metal-based bioabsorbable stents and also due to high prices for polymers.
The Asia Pacific market is the fastest-growing region in terms of revenue, and this trend is predicted to continue until 2028. This growth can be attributed to factors such as increasing awareness among patients about biodegradable stents, low cost of treatments for peripheral artery disorder (PAD), and also due to rising incidents of coronary artery disease across Asia Pacific countries. The RoW region has been witnessing increased usage rates owing to globalization and an increase in awareness about biodegradable stents globally.
Up Market Research published a new report titled “Biodegradable Stents Market research report which is segmented by Types (Polymer Based Bioabsorbable Stents, Metal Based Bioabsorbable Stents), By Applications (Coronary Artery Disease, Peripheral Artery Disease), By Players/Companies Abbott Laboratories, Kyoto Medical Planning, Reva Medical, Elixir Medical Corporation, Amaranth Medical, Terumo Corporation, Arterius Limited, Biotronik, Xenogenics Corporation, Meril Life Sciences Pvt”.
|Report Attributes||Report Details|
|Report Title||Biodegradable Stents Market Research Report|
|By Type||Polymer Based Bioabsorbable Stents, Metal Based Bioabsorbable Stents|
|By Application||Coronary Artery Disease, Peripheral Artery Disease|
|By Companies||Abbott Laboratories, Kyoto Medical Planning, Reva Medical, Elixir Medical Corporation, Amaranth Medical, Terumo Corporation, Arterius Limited, Biotronik, Xenogenics Corporation, Meril Life Sciences Pvt|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||238|
|Number of Tables & Figures||167|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Polymer Based Bioabsorbable Stents, Metal Based Bioabsorbable Stents and By Application Coronary Artery Disease, Peripheral Artery Disease.
Some of the companies that are profiled in this report are:
Biodegradable Stents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Biodegradable Stents 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 2028.
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