Latin America Bioabsorbable Stents Market 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 Centers)
According to the report Latin America bioabsorbable stents Market, published by Market Data Forecast, the Market is progressing to accomplish USD 0.3 billion by 2021 from USD 0.05 billion in 2016, at a CAGR of 44.5%. Stents are utilized as a part of the treatment of blocked arteries.
Stents are expandable work tubes that hold passages open and help treat diseases. Bioabsorbable stents are absolutely biodegradable stents that completely vanish after some time.
A stent is a metallic or a polymer tube embedded into the lumen of any vein or a conduit so as to keep the entry open. Different stents for various clinical conditions are accessible in the market.
A stent embed is most conventionally utilized for the treatment of heart related problems, for example blocked veins. Stents are embedded in the throat to permit the entry of food and beverages in patients encountering esophageal diseases.
They can also be used in kidneys, abdomen and gastrointestinal tract for various purposes. Using bioabsorbable stents instead of permanent metallic stents eliminates the need of second surgery to expel the metallic stents.
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Increase in cardiovascular surgeries is a result of rise in danger of cardiovascular issue among the all inclusive community encountering obesity. As per WHO reports, cardio vascular issues are the main reason of death than any other medicinal issues, it is estimated that by 2030 more than 23 million individuals may die as a result of Cardio vascular infections.
Therefore, aging population and increase in the cardiovascular diseases are the key driving components for the advancement of the market. Positive consequences of surgeries with bioabsorbable stents and post-surgery reports moreover speak to the change of market.
However, there are various managerial, mechanical, safety-practicality, besides cost related issues which ought to be tackled before accomplishing its extreme limit.
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The market is segmented into different categories based on material, absorption rate, application and end user. Based on material, bioabsorbable stents can be divided into two types.
They are polymer stents, and metallic stents. Polymer stents are expected to grow at a higher CAGR compared to metallic stents.
Based on absorption rate, market is segmented into slow absorption rate stents and high absorption rate stents. In 2016, market for slow absorption stents is predicted to be on a higher side.
By application, bioabsorbable stents are categorized as coronary artery disease and peripheral artery disease. Coronary artery disease is expected to have larger share than peripheral artery disease.
On the basis of end user, market can be segmented into hospitals and cardiac centers. The market share is dominated by hospitals.
On the basis of geography, the highest market share holder is Europe, followed by North America.
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Some of the major players in global market of bioabsorbable stents are Elixir Medical Corporation, Arterius Limited, Amaranth Medical, Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co., Ltd., Reva Medical, Inc. Tepha, Inc, SMT, Xenogenics Corporation
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