Bioabsorbable Stents Market by Material, absorption, application and end user

According to the report Global Bio Absorbable Stents Market, published by Market Data Forecast, the Global market is projected to reach USD 2.57 billion by 2022, at a CAGR of 41.64% from 2017 to 2022.Stent is a device inserted into a blood vessel in order to expand the vessel to prevent or alleviate a blockage. They hold arteries open and help in the treatment of peripheral and coronary artery diseases. Bio absorbable stents are bio degradable stents which are completely vanishes overtime after the treatment. By these kind of stents, there is no need for secondary surgery in order to remove the metallic stents. Stents are also used in kidneys, abdominal and gastrointestinal tract for various purposes. Post-surgery reports account for the development of bio absorbable stents market.

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Global Bio Absorbable Stents Market: Drivers & Restraints
Rise in cardiovascular diseases and increment in cardiovascular surgeries, increased aging population, growing people awareness, technology advancements in surgeries, increase in disposable income, positive outcomes of surgeries with bio absorbable stents and favourable government policies are driving the growth of the global bio absorbable stents market. However, stringent regulations, and high cost surgeries are hampering the market growth.

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Global Bio Absorbable Stents Market: Segmentation

By Material
• Polymer stents
• Metallic stents

By Absorption
• Slow absorption stents
• High absorption stents

By Application
• Coronary artery disease
• Peripheral artery disease

By End User
• Hospitals
• Cardiac centres

By Geography

• North America
o United States
o Canada

• Europe
o U.K
o Spain
o Germany
o Italy
o France

• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea

• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America

• Middle East & Africa
o Middle-East
o Africa

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Global Bio Absorbable Stents Market: Overview
In 2017, Polymer stents are expected to have the higher CGAR than metallic stents due to the flexibility of polymer. In absorption rate segment, slow absorption stents are predicted to be on the higher side in 2017. By application, coronary artery disease is expected to have larger share due to the rise in aged population and heart diseases. In end-user, the market is dominated by hospitals.

The Global Bio Absorbable Stents Market is dominated by Europe followed by North America in 2017 due to the presence of market leaders and favourable government policies. Asia-Pacific is expected to grow at the fastest pace due to the large population and presence of emerging economies like China and India.

Global Bio Absorbable Stents Market: Key Players
Major players in global market of bio absorbable stents are Arteries Limited, Elixir Medical Corporation, Abbott Laboratories, Amaranth Medical Inc. Other companies include Arterial Remodeling Technologies S. A, Kyoto Medical Planning Co Ltd., Biotronik, Reva Medical Inc, Tepha.Inc, Xenogenics Corporation.

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