Global Absorbable Heart Stent Market – Highlights
In 2015, according to WHO reports, globally, the prevalence of cardiac disease in adults aged 18 and above was around 24.1% in men and 20.1% in women largely from low and middle income countries.
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Increasing unhealthy habits, lack of physical exercise and increasing prevalence of cardiac diseases contributed growth to the market. According to American college of cardiology, absorbable heart stent will replace the conventional metal stents in coming years.
Global absorbable heart stent market is expected to reach USD 6.2 billion by 2023 at a CAGR of 9.6% during forecast period 2017 to 2023.
This is due to number of advantages of using absorbable heart stents. Most bioresorbable stents are made of polylactic acid. It is a naturally dissolvable material used in medical implants.
Global Absorbable Heart Stent Market -Key Players
- 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.)
- Reva Medical Inc. (U.S.)
Global Absorbable Heart Stent Market -Growth and Analysis
Demand for absorbable heart stents is increasing due to advancement in technology of developing heart stents and increase in number of cardiac surgeries. On the other hand, there are few hurdles in the growth of this market.
One of the biggest player in absorbable stent market, Abbott Vascular, has stopped manufacturing of its interventional cardiology product ABSORB GT.
The company has terminated sales and operations related to this product in all the countries across the world due to the increased heart attack incidences with the use of its product.
This major development may result in thwarting the growth of the market in the near future. However, market may regain its growth if the company resolves the issue in time and come up with better product in the market.
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Some Points form TOC for Absorbable Heart Stent Market Research:
- Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
…To be continued
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