Biodegradable Stents Market size is estimated to be valued at US$ 278.6 million in 2021, and is expected to witness a CAGR of 15.6%

Coherent Market Insights now offers a detailed analysis of the "Biodegradable Stents Market" in new research that provides valuable business insights including revenue share, market valuation, and regional spectrum of this vertical. The report is an all-inclusive study of the current market trends, potential drivers and challenges, application landscape, competition situation, and industry-popular growth strategies, which will empower stakeholders to obtain a clear understanding of this domain. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. The report further elucidates the status of leading industry players thriving in the competitive spectrum of the Biodegradable Stents Market.

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Biodegradable stents are a mesh-like network that is fully degradable and used to treat blockages in arteries, guts, and biliary ducts. The use of stents is predicted to change from conventional metallic stents to bioresorbable stents, according to Transcatheter Cardiovascular Therapeutics (TCT) and the American College of Cardiology (ACC), supporting the biodegradable stents market growth. For example in 2016, Abbott Laboratories received approval for Absorb bioresorbable heart stent in Japan indicated for treatment of coronary artery disease.

got CE approval for Magmaris, a bioresorbable scaffold, the same year. Once deployed, the product allows for easier distribution and greater resistance to inward forces. Synergy, the first bioresorbable stent to open clogged arteries via medication elution, was approved by the FDA in 2015. The Fantom Encore Product line, which includes a third generation coronary bioresorbable scaffold, gained CE clearance in June 2018 from REVA medical, Inc. Furthermore, the company intends to use distribution partnerships to grow its presence in Europe, the Middle East, and South America. AMG International received CE approval for Archimedes, a biodegradable stent for obstructive biliary and pancreatic disorders, in the same month. In the near future, such recent product approvals are projected to enhance market growth.

Abbott was the only company with permission for totally bioresorbable stents as of 2017. This presents a significant potential for existing market companies as well as new entrants to develop new totally degradable biodegradable stents that will outperform the competition. REVA and ABSORB, for example, are continuing clinical trials of entirely biodegradable materials, according to an article published in Springer Healthcare in 2013. Key Takeaways of the Biodegradable Stents Market:

The global biodegradable stents market is expected to expand at a CAGR of XX% during the forecast period (2018 – 2026), owing to increasing product launches

Coronary stents segment is expected to dominate product type, owing to increasing cases of arteries blockage
Polymer-based stents hold dominant position in material segment due to more number of product under polymer-based segment and its rising preference amongst medical professionals

Biodegradable Stents Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Boston Scientific Corporation, Abbott, Kyoto Medical Planning Co., Ltd., QualiMed, Elixir Medical Corporation, ENDOCOR GmbH, Amaranth Medical, Inc. and Arterial Remodeling Technologies SA

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