The
demand within the global biodegradable stents market is ascending at an
exponential rate in recent times. Presence of an ever-evolving domain of
cardiology within healthcare and medicine has facilitated market growth.
Biodegradable stents have emerged as viable options for patients who are
reluctant towards the use of solid stents. The use of metal meshes to
manufacture stents raises several questions in the field of cardiology.
Moreover, a large number of medical practitioners are unconvinced about the
long-term effectiveness of metallic stents. Therefore, the emergence of
biodegradable stents has resolved several problems in the field of cardiology.
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Transparency
Market Research (TMR), in a syndicate review, finds that the global
biodegradable market would expand at a whopping CAGR of 30.10% over the period
between 2016 and 2024. The stellar projection related to market growth can be
attributed to increased usage of green and biodegradable materials in the
medical industry. Th total volume of revenues within the global biodegradable
stents market is set to touch US$1.7 bn by 2024-end, rising up
from a value of US$0.18 bn in 2015. The positive progression of sales within
this market is a matter of interest for market analysts.
Rising
Incidence of Cardiac Disorders to Aid Market Growth
Changing
lifestyles of the masses have played a key role in market growth and maturity.
Unhealthy eating habits have caused an increase in the incidence of
cardiovascular diseases. Moreover, the laidback lifestyles of the people have
also been a cause of increasing cardiovascular diseases. The medical fraternity
is making ardent efforts to develop new lines of treatment for cardiovascular
diseases. Therefore, there is little contention about the inflow of voluminous
revenues into the global biodegradable stents market. Several medical
practitioners agree that biodegradable stents can withstand chronic recoil,
giving long-term relief to patients. The supremacy of biodegradable stents over
metallic stents has played a vital role in market maturity.
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Advancements
in Medical Research as a Launchpad to Market Growth
US
Cardiology Review (USC) elucidates the importance of biodegradable stents in
the current-day medical industry. The rising incidence of coronary artery
disease, coupled with advancements and innovations in cardiology, have taken
center stage in market growth. Furthermore, USC calls biodegradable stents as
the ‘next frontier’ as challenges pertaining to the use of late stent
thrombosis multiply. It is expected that the opinions of medical centers and
healthcare associations would play a defining role in popularising
biodegradable stents. The next decade is expected to witness the emergence of
new opportunities for market vendors and distributors. Development of robust
sales and distribution channels shall act as a launch pad for market
growth.
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Some
of the leading vendors operating in the global biodegradable stents market are Abbott
Laboratories, Kyoto Medical Planning, Elixir Medical Corporation, Biotronik,
Boston Scientific, Inc., and Terumo Europe NV.
The review
is based on TMR’s report titled, “Biodegradable Stents Market (Stent Type
- Coronary Artery Stent and Peripheral Artery Stents; Material - Polymer Based
and Metal Based; End Users - Hospitals, Cardiac Catheterization Laboratories,
and Ambulatory Surgery Centers) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”.
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