According to the report North America Bio Absorbable Stents Market, published by Market Data Forecast, the North America market is projected to reach USD 1.18 billion by 2022, at a CAGR of 40.67% from 2017 to 2022.
Blocked arteries are treated using stents. They are small tubes which keep the arteries open during the treatment.
Bioabsorbable stents disappear over time as they are biodegradable thereby making them eco-friendly. Growing obesity and rising number of cardiovascular patients and augment geriatric population are the primary drivers of market growth.Vague administrative framework, concerns over safety, lack of innovation, and high costs are the primary restraints of market growth.
North America Bio Absorbable Stents Market: Segmentation
- Polymer stents
- Metallic stents
- Slow absorption stents
- High absorption stents
- Coronary artery disease
- Peripheral artery disease
By End User
- Cardiac centres
- North America
o United States
In 2017, polymer stents sub segment is expected to register the highest growth among all the sub segments of the materials segment.
The Slow absorption sub segment is expected to account for the major share of the absorption rate segment. The coronary art disease captured the largest market share of the application market segment.
Hospitals are expected to dominate the market under the end-user segment.As of 2017, North America held the second largest share of the Bio Absorbable Stents market due to the easier and faster approvals and increasing commercialization are the reasons for the observable trend mentioned above.
Key players in the market include Arterius Limited, Amaranth Medical, Inc, Elixir Medical Corporation, Abbott Laboratories, Biotronik. Other players in the market include Kyoto Medical Planning Co., Ltd., Arterial Remodeling Technologies S.A, Reva Medical, Inc., Tepha, Inc, SMT, Xenogenics Corporation.
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