Global Absorbable Heart Stent Market Projected to Reach USD 645 Million by 2026

18-Dec-2020 | Facts and Factors

Findings from Facts and Factors report “Absorbable Heart Stent Market by Material (Metal, and Polymer), By Application (Coronary Artery Disease, and Peripheral Artery Disease), By End-Use (Hospital & Clinics, Research and Academic Institutes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Absorbable Heart Stent Market in 2019 was approximately USD 295 million. The market is expected to grow at a CAGR of 11.8% and is anticipated to reach around USD 645 million by 2026.

The Global Absorbable Heart Stent Market Is Powered By Rising In The Geriatric Population And An Uptick In The Level Of Cardiac Procedures. In order to reduce blockage, stents are thin expandable tubes that are used to inflate the patient's arteries.  Stents are implanted into the heart of a patient who is suffering from coronary disease. It is used to expand narrowed arteries and helps alleviate chest pressure and reduce the risk of a heart attack. For the treatment of cardiovascular and peripheral artery diseases, these stents are commonly used.

Browse the full “Absorbable Heart Stent Market by Material (Metal, and Polymer), By Application (Coronary Artery Disease, and Peripheral Artery Disease), By End-Use (Hospital & Clinics, Research and Academic Institutes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/absorbable-heart-stent-market

A significant prevalence of cardiovascular disease due to various risk factors for the development of heart disease are incidences of obesity, changing habits, increasing, and addiction to alcohol. In 2018, cardiovascular diseases caused nearly 836,546 deaths in the U.S., as per the American Heart Association. Again, in 2018, one is to every three deaths in the nation was triggered by cardiovascular diseases. In addition, approximately 2,300 individuals in the U.S. die every day from cardiovascular conditions, and CVDs are the leading cause of death in the U.S., followed by stroke and heart failure.

The global demand for absorbable heart stents is being driven by a rise in the geriatric population. The main risk factors for the development of cardiovascular diseases in the geriatric population are hypertension, diabetes, obesity, lack of physical inactivity, cigarette smoking, and family history. The world's geriatric population is projected to rise from 524 million in 2010 to 1.5 billion by 2050, according to the World Health Organization (WHO). This is expected to drive demand for absorbable heart stents, generating enormous opportunities for growth during the forecast period for players operating in the global market for absorbable heart stents. As per the American Heart Association, there are one or more forms of CVDs in 85.6 million adults in the U.S., of which 43.7 million adults are aged 60 years or older. Thereby, certain factors are contributing to the worldwide market.

The absorbable heart stent market is segmented based on type, application, and region. On the basis of material segmentation, the market is classified into metal and polymer. In terms of application segmentation, the market is bifurcated into coronary artery disease and peripheral artery disease. The market segment has driven by a rise in the prevalence of coronary diseases and an increase in the number of percutaneous coronary interventions worldwide.

Based on end-use, the market has been segmented into hospitals & clinics, research and academic institutes, and others. The hospital & clinics segment accounted for a prominent share of the global absorbable heart stent market. The segment is estimated to expand significantly during the forecast period, due to an increase in the number of cardiovascular procedures, accessibility of well-equipped health care facilities for cardiac diseases, and continuous demand for cost-effective coronary interventions.

In terms of geography, North America is expected to grow at a steady rate during the forecast period owing to the increasing prevalence of a number of patients with chronic diseases and government measures towards healthcare reforms. The market demand for the absorbable heart stent market is driven by the higher adoption of minimally invasive procedures.

Report Scope

During the forecast period, the Europe region has shown significant growth. The market demand in this region is due to the enormous patient pool and CAD and PAD prevalence. The global absorbable heart stent market in the Asia-Pacific market is growing due to the rise in healthcare infrastructure growth. In addition, the number of patients suffering from chronic diseases, including cardiovascular diseases is increasing. Due to the rise in the use of surgical treatment for cardiovascular diseases in the region, the Middle East & Africa market is expected to expand at a significant pace over the forecast period.

Report Scope

Some of the leading and top companies in the Absorbable Heart Stent market include

Abbott Laboratories, Biotronik, Boston Scientific Corporation, Elixir Medical Corporation, Medinol Ltd, Medtronic, Meril Life Sciences Pvt. Ltd., MicroPort Scientific Corporation, REVA Medical, Inc., STENTYS SA, and Terumo Medical Corporation, among others.

The taxonomy of the Absorbable Heart Stent Market by its scope and segmentation is as follows:

By Material Segmentation Analysis

• Metal
• Polymer

By Application Segmentation Analysis

• Coronary Artery Disease
• Peripheral Artery Disease

By End-Use Segmentation Analysis

• Hospital & Clinics
• Research and Academic Institutes
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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