Absorbable Heart Stent Market is expected to register 11.8% CAGR during the forecast period of 2019 to 2025 and will achieve USD 428.4 Million in 2025. The market was valued at USD 264.6 million in 2018.
Stents are small expandable tubes that are used to inflate the arteries of the patient to prevent blockage. These are called heart stents or cardiac stents. Stents are inserted into the artery of a patient suffering from coronary disease due to the build-up of plaque. It is used for widening the narrowed arteries and aids in reducing chest pain and limiting chances of heart attack. These stents are widely used for the treatment of coronary and peripheral artery diseases.
Segmentation
The global absorbable heart stent has been segmented based on material, application, and end-use. The global market, based on material, has been divided into metal and polymer. The polymer segment is expected to be the largest segment owing to the increasing applications and use of polymer-based stents.
The global market, based on application, has been bifurcated into coronary artery disease and periphery artery disease. The coronary artery disease segment is the largest in terms of value due to prevalence of coronary diseases in geriatric individuals and is predicted to achieve more revenue in the upcoming absorbable heart stent market.
The global market, based on end use, has been segmented into hospitals & clinics, cardiovascular centers, research institutes and organizations, and others. Hospitals & clinics are the largest end users of absorbable heart stents. The segment is anticipated to hold a major share of the market during the forecast period. This is due to the increasing number heart surgeries and the growing risk of coronary artery disease (CAD) and peripheral artery disease (PAD).
Key Players
The key players in global absorbable heart stent are Abbott Laboratories, Biotronik, REVA Medical, Inc., Elixir Medical Corporation, B. Braun Melsungen AG, KYOTO MEDICAL PLANNING Co., Ltd., Boston Scientific Corporation, Medtronic, Terumo Medical Corporation, and Meril Life Sciences Pvt. Ltd.
Global Absorbable Heart Stent Market, by Material
Global Absorbable Heart Stent Market by Application
- Coronary Artery Disease
- Peripheral Artery Disease
Global Absorbable Heart Stent Market, by End-Use
- Hospital & Clinics
- Research and Academic Institutes
- Others
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