Press release
Bio-Absorbable Stent Market Status Analysis and Forecast 2026 By Arterius, lepumedical.com, Boston Scientific Corporation, 480 Biomedical & Others
Global bio-absorbable stent market is set to witness a substantial CAGR of 9.47% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for medical implants.This bio-absorbable stent market report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. The study and estimations of this business report also helps to figure out types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. In addition, businesses can recognize the extent of the marketing problems, causes for failure of particular product (if any) already in the market, and prospective market for a new product to be launched.
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Competitive Analysis:
Global bio-absorbable stent market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bio-absorbable stent market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in global bio-absorbable stent market are Abbott, REVA Medical, Inc., Elixir Medical Corporation, KYOTO MEDICAL PLANNING Co., Ltd., BIOTRONIK, Amaranth Medical, Inc., Arterial Remodeling Technologies, Meril Life Sciences Pvt. Ltd., Arterius, lepumedical.com, Boston Scientific Corporation, 480 Biomedical, Inc., S3V Vascular Technologies., QualiMed, OrbusNeich, Medtronic, STENTYS SA, Terumo Corporation, MicroPort Scientific Corporation, BD, B. Braun Melsungen AG among others.
Key Developments in the Market:
In June 2019, Terumo Corporation has formed partnership with Orchestra BioMed to develop and commercialize sirolimus-eluting balloon in both peripheral and coronary cardiovascular interventions. The major focus of this partnership is to develop The Virtue angioplasty system to provide sustainable and bioabsorbable formulation of sirolimus directly into the artery wall. The partnership will help company to increase its product portfolio in global bio-absorbable stent market
In October 2015, Boston Scientific Corporation has received FDA Approval for bioresorbable polymer stent - the Synergy - to treat coronary artery disease. The product approval will help company to increase its revenue generation as the product is a first bioabsorbable polymer stent
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Segmentation: Global Bio-Absorbable Stent Market
By Material
(Bioresorbable Polymer-Based Stents, Bioresorbable Metallic Stents, Bioresorbable Natural Material-Based Stents),
Product
(Coronary Stents, Peripheral Stents, Stent-Related Implants),
Application
(Coronary Artery Disease, Peripheral Artery Disease),
Absorption Rate
(Slow-Absorption Stents, Fast-Absorption Stents),
End User
(Hospitals, Cardiac Centers, Specially Clinics/ Clinics, Others),
Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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