The Latin America, Middle East and Africa Bioabsorbable Stents Market would witness market growth of 7.8% CAGR during the forecast period (2021-2027).
Another huge benefit of bioabsorbable stents would be the possibility of being performed with non-invasive imaging procedures like MSCT scans. A major portion of the American population suffers a heart attack every year, as per the Centers for Disease Control and Prevention. For those who survive cardiac arrest, the conventional form of treatment is angioplasty, in which a small metal mesh or scaffold is implanted into the blocked artery to broaden the vessel and restart blood flow.
Though, these devices, known as stents, complete their job within six to nine months, they stay with the patient permanently during his or her life. Many times, scar tissue develops within the stent, leading the artery to narrow again and mandating a repeat procedure. Hence, an increased number of heart attacks around the world would create new growth avenues for the players operating in the bioabsorbable stents market during the forecast period.
People are adopting binge eating habits and inactive lifestyles which are causing the increasing number of diseases in the region. Moreover, sedentary lifestyles and increasing stress levels are the leading cause of the increasing rate of heart diseases. Due to this factor, the demand for bioabsorbable stents is increasing in the region with anticipation of a huge growth trajectory in the coming years.
Moreover, many countries in this region are on the path of development, and thus, they are willing to create highly sophisticated healthcare infrastructure. Therefore, these healthcare facilities are exporting implantable devices to a great extent, which would boost the demand & growth of the bioabsorbable stents market in the next few years in the region.
The Coronary Artery Disease market dominated the Saudi Arabia Bioabsorbable Stents Market by Application in 2020, thereby, achieving a market value of $4.3 Million by 2027. The Peripheral Artery Disease market is expected to witness a CAGR of 8.7% during (2021-2027).
Based on Biomaterial, the market is segmented into Polymeric and Metallic. Based on Application, the market is segmented into Coronary Artery Disease and Peripheral Artery Disease. Based on End User, the market is segmented into Hospital and Cardiac Center. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Bioabsorbable Stents Market is Predict to reach $429.2 Million by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, B. Braun Melsungen AG, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, MicroPort Scientific Corporation, Terumo Corporation, Arterius Ltd., Elixir Medical Corporation, Amaranth Medical, Inc., and REVA Medical, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Biomaterial
By Application
- Coronary Artery Disease
- Peripheral Artery Disease
By End User
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- B. Braun Melsungen AG
- BIOTRONIK SE & Co. KG
- Boston Scientific Corporation
- MicroPort Scientific Corporation
- Terumo Corporation
- Arterius Ltd.
- Elixir Medical Corporation
- Amaranth Medical, Inc.
- REVA Medical, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Bioabsorbable Stents Market, by Biomaterial
1.4.2 LAMEA Bioabsorbable Stents Market, by Application
1.4.3 LAMEA Bioabsorbable Stents Market, by End User
1.4.4 LAMEA Bioabsorbable Stents Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Bioabsorbable Stents Market by Biomaterial
3.1 LAMEA Polymeric Market by Country
3.2 LAMEA Metallic Market by Country
Chapter 4. LAMEA Bioabsorbable Stents Market by Application
4.1 LAMEA Coronary Artery Disease Market by Country
4.2 LAMEA Peripheral Artery Disease Market by Country
Chapter 5. LAMEA Bioabsorbable Stents Market by End User
5.1 LAMEA Hospital Market by Country
5.2 LAMEA Cardiac Center Market by Country
Chapter 6. LAMEA Bioabsorbable Stents Market by Country
6.1 Brazil Bioabsorbable Stents Market
6.1.1 Brazil Bioabsorbable Stents Market by Biomaterial
6.1.2 Brazil Bioabsorbable Stents Market by Application
6.1.3 Brazil Bioabsorbable Stents Market by End User
6.2 Argentina Bioabsorbable Stents Market
6.2.1 Argentina Bioabsorbable Stents Market by Biomaterial
6.2.2 Argentina Bioabsorbable Stents Market by Application
6.2.3 Argentina Bioabsorbable Stents Market by End User
6.3 UAE Bioabsorbable Stents Market
6.3.1 UAE Bioabsorbable Stents Market by Biomaterial
6.3.2 UAE Bioabsorbable Stents Market by Application
6.3.3 UAE Bioabsorbable Stents Market by End User
6.4 Saudi Arabia Bioabsorbable Stents Market
6.4.1 Saudi Arabia Bioabsorbable Stents Market by Biomaterial
6.4.2 Saudi Arabia Bioabsorbable Stents Market by Application
6.4.3 Saudi Arabia Bioabsorbable Stents Market by End User
6.5 South Africa Bioabsorbable Stents Market
6.5.1 South Africa Bioabsorbable Stents Market by Biomaterial
6.5.2 South Africa Bioabsorbable Stents Market by Application
6.5.3 South Africa Bioabsorbable Stents Market by End User
6.6 Nigeria Bioabsorbable Stents Market
6.6.1 Nigeria Bioabsorbable Stents Market by Biomaterial
6.6.2 Nigeria Bioabsorbable Stents Market by Application
6.6.3 Nigeria Bioabsorbable Stents Market by End User
6.7 Rest of LAMEA Bioabsorbable Stents Market
6.7.1 Rest of LAMEA Bioabsorbable Stents Market by Biomaterial
6.7.2 Rest of LAMEA Bioabsorbable Stents Market by Application
6.7.3 Rest of LAMEA Bioabsorbable Stents Market by End User
Chapter 7. Company Profiles
7.1 Abbott Laboratories
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Approvals & Trials:
7.1.5.2 Acquisition and Mergers:
7.2 B. Braun Melsungen AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 BIOTRONIK SE & Co. KG
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Approvals & Trials:
7.4 Boston Scientific Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 MicroPort Scientific Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Terumo Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.7 Arterius Ltd.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Elixir Medical Corporation
7.8.1 Company Overview
7.9 Amaranth Medical, Inc.
7.9.1 Company Overview
7.10. REVA Medical, Inc.
7.10.1 Company Overview
TABLE 1 LAMEA Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 3 LAMEA Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 4 LAMEA Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 5 LAMEA Polymeric Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Polymeric Market by Country, 2021-2027, USD Million
TABLE 7 LAMEA Metallic Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Metallic Market by Country, 2021-2027, USD Million
TABLE 9 LAMEA Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 10 LAMEA Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 11 LAMEA Coronary Artery Disease Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Coronary Artery Disease Market by Country, 2021-2027, USD Million
TABLE 13 LAMEA Peripheral Artery Disease Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Peripheral Artery Disease Market by Country, 2021-2027, USD Million
TABLE 15 LAMEA Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 16 LAMEA Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 17 LAMEA Hospital Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Hospital Market by Country, 2021-2027, USD Million
TABLE 19 LAMEA Cardiac Center Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Cardiac Center Market by Country, 2021-2027, USD Million
TABLE 21 LAMEA Bioabsorbable Stents Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Bioabsorbable Stents Market by Country, 2021-2027, USD Million
TABLE 23 Brazil Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 24 Brazil Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 25 Brazil Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 26 Brazil Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 27 Brazil Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 28 Brazil Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 29 Brazil Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 30 Brazil Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 31 Argentina Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 32 Argentina Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 33 Argentina Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 34 Argentina Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 35 Argentina Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 36 Argentina Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 37 Argentina Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 38 Argentina Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 39 UAE Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 40 UAE Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 41 UAE Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 42 UAE Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 43 UAE Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 44 UAE Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 45 UAE Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 46 UAE Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 47 Saudi Arabia Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 48 Saudi Arabia Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 49 Saudi Arabia Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 50 Saudi Arabia Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 51 Saudi Arabia Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 52 Saudi Arabia Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 53 Saudi Arabia Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 54 Saudi Arabia Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 55 South Africa Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 56 South Africa Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 57 South Africa Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 58 South Africa Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 59 South Africa Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 60 South Africa Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 61 South Africa Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 62 South Africa Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 63 Nigeria Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 64 Nigeria Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 65 Nigeria Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 66 Nigeria Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 67 Nigeria Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 68 Nigeria Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 69 Nigeria Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 70 Nigeria Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 71 Rest of LAMEA Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 72 Rest of LAMEA Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 73 Rest of LAMEA Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 74 Rest of LAMEA Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 75 Rest of LAMEA Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 76 Rest of LAMEA Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 77 Rest of LAMEA Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 78 Rest of LAMEA Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 79 Key Information – Abbott Laboratories
TABLE 80 key Information – B. Braun Melsungen AG
TABLE 81 Key Information – BIOTRONIK SE & Co. KG
TABLE 82 key Information – Boston Scientific Corporation
TABLE 83 key Information – MicroPort Scientific Corporation
TABLE 84 Key Information – Terumo Corporation
TABLE 85 key information – Arterius Ltd.
TABLE 86 key information – Elixir Medical Corporation
TABLE 87 key information – Amaranth Medical, Inc.
TABLE 88 key information – REVA Medical, LLC
List of Figures
FIG 1 Methodology for the research