How Will The Bifurcation Lesions Market Size Grow In The Coming Years?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest bifurcation lesions market share, and Asia-Pacific was the fastest-growing region in 2022.
The global bifurcation lesions market is expected to grow from $2.25 billion in 2022 to $2.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The bifurcation lesions market size is expected to grow to $3.18 billion in 2027 at a CAGR of 7.2%.
Major Driver In The Bifurcation Lesions Market – Increase In Geriatric Population
According to the United Nations Department of Economic and Social Affairs’ September 2020 report, the population aged 65 and up is expected to increase from 9.3% in 2020 to roughly 16.0% in 2050. Furthermore, according to a World Health Organisation factsheet published in October 2021, there will be 1.4 billion people over the age of 60 in the world by 2030, up from 1 billion in 2020. As a result, the growing geriatric population will propel the bifurcation lesions market.
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Key Bifurcation Lesions Market Segments
1) By Types: One-Stent, Two-Stent
2) By Application: Coronary Vascular, Peripheral Vascular
Recent Bifurcation Lesions Market Trend – Technological Advancement
Major market players are focusing their efforts on innovations in existing equipment used in imaging and operations. Advanced Bifurcation Systems (ABS), for example, is a clinical-stage medical device company with a unique bifurcation stenting solution to standardise the treatment of all bifurcation lesions in coronary angioplasties. ABS has a platform that includes the only modular self-aligning stent technology to evenly structure bifurcations. The ABS platform is a one-of-a-kind single system that eliminates the need for recurrent surgeries while providing excellent bifurcation stenting treatment.
Bifurcation Lesions Market Prominent Players
Major players in the bifurcation lesions market are Boston Scientific Corporation, Terumo Medical Corporation, Spectranetics, Medtronic, Cardinal Health, Abbott, Tryton Medical Inc., Advanced Bifurcation Systems, and Cook Medical.
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The Bifurcation Lesions Global Market Report 2023 provides a comprehensive overview on the bifurcation lesions market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the bifurcation lesions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A bifurcation lesion is a coronary artery constriction that occurs near or includes the origin of a crucial side branch that should not be lost. It happens when plaque deposits build up and the artery becomes too narrow to allow proper blood flow to your heart.
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