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Global Bio-Absorbable Stent Market Growing At Huge CAGR Of With Top Key Vendors like Abbott, REVA Medical, Inc., Elixir Medical Corporation, KYOTO MEDICAL PLANNING Co., Ltd., BIOTRONIK, Amaranth Medical, Inc
Global Bio-Absorbable Stent Market
The insights provided in this bio-absorbable stent market research report are based upon SWOT analysis on which businesses can rely confidently. With the precise and high-tech information, about medical device industry, businesses can know about the types of consumers, consumer's demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market through this report. This information and market insights assists with maximizing or minimizing the production of goods depending on the conditions of demand.
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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
Market Drivers
Increasing number of Coronary Artery Disease/Peripheral Artery Disease is expected to drive the growth of the market in the forecast period
Increasing prevalence of geriatric population is expected to enhance the growth of the market
Increasing technological advancement in bio-absorbable stent is expected to increase the market growth
Global rise in acceptance of medical implants acts as a market driver
Market Restraints
Availability of other alternatives is expected to restrain the market growth
Stringent regulation is expected is another factor restricting the market growth
Bio-absorbable stent are costly which is expected to restrain the market growth
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Segmentation: Global Bio-Absorbable Stent Market
By Material
Bioresorbable Polymer-Based Stents
Poly-L-Lactic Acid (PLLA)
Poly (D, L-Lactide/Glycolide) Copolymer (PDLA)
Polyglycolic Acid (PGA)
Polycaprolactone
Bioresorbable Metallic Stents
Iron Bioabsorbable Stents
Magnesium Bioabsorbable Stents
Bioresorbable Natural Material -Based Stents
By Product
Coronary Stents
Drug-eluting Stents (DES)
Bare-metal Coronary Stents
Bioabsorbable Stents
Peripheral Stents
Iliac Stents
Femoral-popliteal Stents
Renal & Related Stents
Carotid Stents
Stent-related Implants
Synthetic Grafts
Vena Cava Filters
By Application
Coronary Artery Disease
Peripheral Artery Disease
By Absorption Rate
Slow-Absorption Stents
Fast-Absorption Stents
By End User
Hospitals
Cardiac Centers
Specially clinics/ Clinics
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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