Product ID: UCMIG35A2371
Report ID:
UCMIG35A2371 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The value of the global bioresorbable coronary stents market was USD 69 million in 2016, and it is expected to grow at a compound annual growth rate of 15% during the forecast period. The market's slow growth can be attributed to factors such as the limited availability of real-world evidence data for bioresorbable devices. However, the development of second-generation Absorb, Magmaris, and Magnitude stents is expected to increase demand for these products. Bioresorbable stents have the potential to restore normal artery function and enable angioplasty in later years. Although fully dissolvable stents are still under development, they hold promise for pediatric patients with genetic coronary conditions as they can facilitate the restoration of normal vasomotor function and vessel growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35A2371