(PharmaNewsWire.Com, May 12, 2017 ) According to the report " Bio absorbable Stents Market by Material (Polymer stents, Metallic stents), by absorbtion (Slow absorbtion stents, High absorbtion stents), by application (coronary artery disease, peripheral artery disease), by end user (Hospitals, Cardiac centers) and by Region. Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts(2016–2021).", published by Market Data Forecast, the global market is projected to reach USD 1.8 billion by 2021, at a CAGR of 41.64% from 2016 to 2021.
Clinical research has demonstrated that resorbable platforms, or normally dissolving stents, offer practically identical safety and efficacy profile to medicate stents. In particular, stent has been examined in single-arm trials and in randomized trials comparing it with a Drug eluting stent (DES).
Increment in cardiovascular surgeries is due to rise in danger of cardiovascular issue among the people suffering from obesity. As per WHO reports, cardio vascular problems are the main source of death than any other health issues, it is expected that by 2030 more than 23 million individuals die due to Cardio vascular diseases. Thus aging population and increase in the cardiovascular diseases are the Key driving factors for the growth of the market. Positive outcomes of Surgeries with bioabsorbable stents and Post-surgery reports also accounts for the development of market. However, there are many regulatory, technological, Safety-efficacy and also cost related issues which market has to be dealt with before reaching its full potential.
The market is segmented into different categories based on material, absorption rate, application and end user. Based on material, bioabsorbable stents can be divided into two types. They are polymer stents, and metallic stents. Polymer stents are expected to grow at a higher CGAR compared to metallic stents. Based on absorption rate, Market is segmented into slow absorption rate stents and high absorption rate stents. In 2016, Market for slow absorption stents is predicted to be on higher side. By application, bioabsorbable stents are categorized as coronary artery disease and peripheral artery disease. Coronary artery disease is expected to have larger share than peripheral artery disease. On the basis of end user, Market can be segmented into hospitals and cardiac centers. Cardiac centers are dominated by hospitals and accounts for larger share. On the basis of geography, The highest market share holder is Europe, followed by North America.
Some of the major players in global market of bioabsorbable stents are Elixir Medical Corporation, Arterius Limited, Amaranth Medical Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co Ltd., Reva Medical Inc, Tepha.Inc, SMT, Xenogenics Corporation
The Global Bio absorbable Stents Market report offers wide-range of scope: • Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries • Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, and application along with market size forecasts and y-o-y estimations • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics • Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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