The Bioabsorbable Stents Market by Material (Polymer, Metal), Procedure (Invasive), Absorption Rate (Slow, Fast), Drugs (Limus drugs, Paclitaxel), Application (CAD, PAD), End User (Hospital, Cardiac Centers) – Global Forecast to 2021 focuses on market dynamics like drivers, restraints, opportunities and challenges that govern the industry.
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The global bioabsorbable stents market is estimated to reach USD 2.4 billion by 2021 from USD 0.4 billion by 2016, at a CAGR of 42.5% during the forecast period. The major driving factors are the increasing focus of the companies on clinical trials of bioabsorbable stents, increasing geriatric population, technological progress, and patients’ inclination towards minimally invasive treatment modalities. However, factors such as the prohibitive prices of these stents may hinder the growth of the market.
BY ABSORPTION RATE
BY END USER
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According to the exhaustive Bioabsorbable Stents Market analysis provided in the report indicates that the market is dominated by Europe accounting for almost 60% of the total market in 2016 with the North American market predicted to grow at the highest CAGR of 46.1% during the forecast period, because of the rise in geriatric population a robust healthcare infrastructure markets and sedentary and unhealthy lifestyle habits leading to a rise in chronic ailments.
Bare Metal stents were a popular treatment option in traditional treatment modality for coronary and peripheral artery diseases. However, there were serious complications observed like stent thrombosis and the heightened risk of restenosis, as a result these stents were substituted by drug-eluting stents, which eventually were replaced by bioabsorbable stents. Bioabsorbable stents have been found to offer a more secure and convenient alternative to the complexities and disadvantages of drug-eluting stents. These are known to restore the normal ability of the artery to contract & relax, improve abnormal endothelial function, and permit remodelling of the vessel.
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Scope of the Report:
The report provides a detailed bioabsorbable stents market outlook by segmenting the market based on various significant parameters:
The report offers a comprehensive bioabsorbable stents market analysis that comprises of determination of market size and market trends that influence the market in the long run. The research methodology used in the report includes methods like data triangulation and breakdown of primaries conducted by extensive interviews with key opinion leaders to validate the data obtained from secondary sources.
The report highlights in addition to the comprehensive regional analysis, and market sizing, the report also offers a competitive landscape that covers growth strategies adopted by industry players over the last three years. The company profiles comprise basic views on key players and their product offerings, developments, and business strategies adopted by key players to consolidate their position in the market.
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