Bioresorbable Coronary Stents Market Insights:
The Bioresorbable Coronary Stents Market was analyzed which was worth USD 159.6 Million in the year 2022, expecting a CAGR of 14% during the forecast period (2023-2030), and the market is projected to be valued at USD 455.27 Million by 2030.
Driver:
The increased adoption of Bioresorbable Coronary Stents in the Medical Devices is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Bioresorbable Coronary Stents also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Bioresorbable Coronary Stents in many sectors also boosts the market growth during the forecast period.
Bioresorbable coronary stents are medical devices used to treat coronary artery disease by opening blocked or narrowed arteries in the heart. Unlike traditional metal stents that remain in the artery permanently, bioresorbable stents are designed to be gradually absorbed and metabolized by the body over time, leaving no permanent implant behind.
Bioresorbable Coronary Stents Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Polymeric bioabsorbable stents (Poly-L-lactic acid, Polyglycolic acid, Polycaprolactone), Metallic bioabsorbable stents), application (Coronary artery disease, Peripheral artery disease), Brand (Absorb BVS, Absorb 2nd Generation, Magmaris, Magnitude, DESolve), Absorption Rate (Slow Absorption Rate, Fast Absorption Rate), End User (Hospitals, Surgical Centres, Others), and companies (BIOTRONIK, Abbott, Terumo Corporation, Meril Lifesciences Pvt. Ltd., Elixir Medical Corporation, B Braun Melsungen AG,Medtronic, Boston Scientific Corporation, REVA Medical, Arterial Remodeling Technologies, Amaranth Medical, Microport Scientific Corporation, Arterius), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 14%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 455.27 Million |
| CAGR (2023-2030) | 14% |
| By Product Type | Polymeric bioabsorbable stents (Poly-L-lactic acid, Polyglycolic acid, Polycaprolactone), Metallic bioabsorbable stents |
| By Brand | Absorb BVS, Absorb 2nd Generation, Magmaris, Magnitude, DESolve |
| By Application | Coronary artery disease, Peripheral artery disease |
| By Absorption Rate | Slow Absorption Rate, Fast Absorption Rate |
| By End User | Hospitals, Surgical Centres, Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | BIOTRONIK, Abbott, Terumo Corporation, Meril Lifesciences Pvt. Ltd., Elixir Medical Corporation, B Braun Melsungen AG,Medtronic, Boston Scientific Corporation, REVA Medical, Arterial Remodeling Technologies, Amaranth Medical, Microport Scientific Corporation, Arterius |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Bioresorbable Coronary Stents market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
BIOTRONIK, Abbott, Terumo Corporation, Meril Lifesciences Pvt. Ltd., Elixir Medical Corporation, B Braun Melsungen AG,Medtronic, Boston Scientific Corporation, REVA Medical, Arterial Remodeling Technologies, Amaranth Medical, Microport Scientific Corporation, Arterius
Market Segment Analysis:
By Product Type
Polymeric bioabsorbable stents
- Poly-L-lactic acid
- Polyglycolic acid
- Polycaprolactone
Metallic bioabsorbable stents
By Brand
- Absorb BVS
- Absorb 2nd Generation
- Magmaris
- Magnitude
- DESolve
By Application
- Coronary artery disease
- Peripheral artery disease
By Absorption Rate
- Slow Absorption Rate
- Fast Absorption Rate
By End User
- Hospitals
- Surgical Centres
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Bioresorbable Coronary Stents industries in the region.
Key Bioresorbable Coronary Stents Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Bioresorbable Coronary Stents Market segments.
– Largest Market Share Held by Industry to Industry for Bioresorbable Coronary Stents
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Bioresorbable Coronary Stents Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
To check our Table of Contents, please mail us at: [email protected]
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.