Bio-engineered Stent Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global Bio-engineered Stent Market: Overview
The global bio-engineered stent market has grown steadily over the years, due to the advantages it provides to the heart patients. Bio-engineered stents are a type of device which consist of short plastic tube or narrow metal. These devices are extensively used in order to treat blocked arteries. Therefore, bio-engineered stent is gaining its maximum popularity among the patients who are suffering from several types of cardiovascular disorders or diseases such as ischemic heart disease and coronary heart disease.
A wide range of bio-engineered stent are available in market to treat numerous diseases such as peripheral arterial disease, coronary artery disease, carotid artery disease, abdominal aortic aneurysm, renal artery stenosis, and thoracic aortic aneurysm. Such USPs are majorly boosting the global bio-engineered stent market.
From the perspective of materials, the global bio-engineered stent market is segmented into cobalt alloy metal, stainless steel, tantalum, gold, nitinol, and polymers. Among them, the polymer segment showcases the lion’s share in the global bio-engineered stent market. This is due to its immense flexibility and success rates in the cases of different types of cardiovascular diseases. Moreover, bio-engineered stent can be manufactured by bio-erodible polymer, silicone, and polyurethane.
Global Bio-engineered Stent Market: Notable Developments
Some of the key developments highly contouring the shape of the global bio-engineered stent market in a positive way include:
Some of the most prominent competitors operating in the competitive landscape of global bio-engineered stent market include –
Global Bio-engineered Stent Market: Key Growth Drivers
Burgeoning Population Suffering from Renal and Cardiovascular Diseases to Boost Market
Bio-engineered stent plays a crucial role in expanding the blood vessel for preventing a blockage of arteries, especially in cardiovascular diseases. Thus, rising prevalence of different types of coronary heart diseases and growing population suffering from various cardiovascular diseases are propelling expansion in the global bio-engineered stent market. According to American Heart Association, a major population in the U.S is suffering from a few types of heart disorders and diseases, whereas a large number of people are suffering from the after-effects of stroke. According to World Health Organization (WHO), heart diseases have become the highest cause of mortality globally. However, bio-engineered stent acts as an alternative treatment to several cardiovascular diseases which brings the most positive results. Such factors are providing the major impetus to the growth of the global bio-engineered stent market.
Furthermore, apart from a wide range of cardiac problems, rising cases of several other diseases is also contributing demand in the global bio-engineered stent market. Growing prevalence of renal diseases and disorders is also fueling growth in the global bio-engineered stent market. However, governments’ stringent regulations for product type approvals and product type failure are the couple of challenges in the growth of the global bio-engineered stent market. Such challenges are responsible for obstructing the growth of the market. Nonetheless, persistent demand for bio-engineered stent from the healthcare industry in developing and developed regions is believed to overcome these challenges in the near future.
Global Bio-engineered Stent Market: Regional Outlook
With respect to geography, North America is leading the global bio-engineered stent market as the region has witnessed high expenditures in healthcare industry. Along with this, rising cases of cardiac ailments and growing prevalence of obesity are also responsible for fueling demand in the bio-engineered stent market in this region.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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