Global Biodegradable Stents Market to Witness Colossal Growth by 2022, States Stratistics MRC in Its New Report Published at MarketPublishers.com06 Jun 2017 • by Natalie Aster
LONDON – The world’s biodegradable stents market value stood at appr. USD 0.47 billion, as of 2016. Through 2022, the market is anticipated to demonstrate unbelievable growth at almost a 40% CAGR and to amount to the value of USD 3.51 billion.
The colossal market growth is predicted to be propelled by a range of drivers like the surging demand for minimal invasive surgeries, rising elderly population, the increasing adoption of biodegradable stents for artery disease treatment, and continuous technological innovations and advancements. Meantime, stringent safety and regulatory guidelines, and high prices for biodegradable stents are likely to be among the main challenges for the market growth.
The hospitals segment is set to lead the total market, as the majority of hospitals procure medical products and consumables in bulk. Coronary artery disease treatment is predicted to remain the leading application due to the rising elderly population number coupled with the mushrooming consequences associated with the disease.
The rising incidence of cardiovascular diseases in North America is predicted to turn the region into an absolute leader in the global biodegradable stents marketplace. However, the APAC biodegradable stents market is set to grow at the highest CAGR, given increasing awareness about biodegradable stents.
Cutting-edge research report “Biodegradable Stents - Global Market Outlook (2016-2022)” elaborated by Stratistics MRC is an unrivalled source of information on the ongoing situation in the global market for biodegradable stents. This market research report offers a comprehensive market segmentation analysis and markets shares assessment. It presents a detailed overview of the market performance on the global, regional and country scales, provides deep insights into the market dynamics, highlightes the key market development trends and emerging opportunities, examines the top growth limiting and encouraging forces. Moreover, it sheds light on the supply chain structure, covers the latest technological advancements, includes a granular analysis of the competitive environment together with profiles of the main market participants (containing an overview of their market shares, business strategies, financial performance, and recent developments). Moreover, the report gives valuable strategic recommendations (both for experienced participants and new entrants) and future forecasts for the worldwide biodegradable stents market up till 2022.
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