Absorbable Heart Stent Market is expected to reach USD 6.2 billion in 2023 from USD 3.1 billion in 2016 with a CAGR of approximately 9.6% during the forecast period 2017-2023. Stents are small expandable tube like devices used to inflate the arteries of the patient in order to prevent blockage. These are called as Heart stent or cardiac stent. Stent is inserted into the artery of a patient suffering from a coronary disease due to the build-up of plaque. It is used for widening the narrowed arteries and it helps in reducing chest pain and the chance of heart attack.
Absorbable Heart Stent Market Segmentation:
Global absorbable heart stent market has been segmented on the basis of material used for bio absorbable stents which includes metal and polymer. The end users are hospitals, cardiac canters, research institutes and other users.
Prominent players in Absorbable Heart Stent Market:
- Abbott Laboratories (U.S.)
- Biotronik (Germany)
- Arterial Remodeling Technologies SA (France)
- Amaranth Medical Inc. (U.S.)
- Kyoto Medical Planning Co. Ltd. (Japan)
- Elixir Medical Corporation (U.S.)
- And Reva Medical Inc. (U.S.).
Globally, absorbable heart stent market is spread across four regions- Americas, Europe, Asia Pacific and Middle East and Africa. The Americas captures a significant market share owing to high expenditure on the health care especially in the U.S. and Canada. Increase in chronic heart disease and increasing geriatric population suffering from risk factors for heart disease like diabetes and obesity drive this market in America. Additionally, the greater number of cardiac surgeries procedures due to greater healthcare penetration in the U.S. and Canada drives the absorbable heart stent market. The high concentration of the major hospitals in the developed countries of this region coupled with good reimbursement rates is adding fuel to the market growth.
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Europe is the second largest market in the world due to growing medical devices industry and healthcare penetration. The European market growth is led by countries such as Germany and France. Germany is expected to be the fastest growing market over the assessment period due to its large medical devices industry. Asia Pacific region is expected to grow rapidly; China and India are likely to lead this market due to fast growing healthcare sector and large unmet needs over the forecast period. Middle East & Africa currently contribute least in the overall growth of this market. However, considering the growth in the healthcare sector in Middle Eastern countries like UAE, and Saudi Arabia among others, it is very likely that this region will show a decent growth in the absorbable stent market in the near future.
Table of Contents:
1. Report Prologue
2.2 Scope Of The Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.5 Macroeconomic Indicators
5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Up-Coming Trends In Healthcare BPO Market
5.5.1 Market Trends
5.5.2 Technological Trends
6. Global Absorbable Heart Stent Market by Material
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