The global bioresorbable stents market is expected to reach $ 1.6 billion by 2022 from $ 240.6 million in 2016, at a CAGR of 40.0% during the forecast period of 2018-2023.
The Global Bioresorbable Stents Market report 2018 covers deep dive segmentation in every aspect by type, application, application, end-user and region. The report covers key parameter competitors analysis, product benchmarking, customer analysis, and value chain analysis, pricing analysis, country specific analysis, market trends & forecasts, market entry strategy, new product assessment, new application identification, opportunity analysis.
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One of the major driving factors for this market is the expected growth in aging population especially those susceptible to coronary and peripheral artery diseases. Since the incidence of these diseases increases with increasing age, this is an important factor responsible for impacting the growth of this market.
Over 6,00,000 thousand implants are manufactured every year and bioresorbable stents are expected to replace conventional metal stents in future. Bioresorbable stents are made of naturally dissolving polymer allowing them dissolve in body after a certain period (approximately two years) once the purpose of widening the clogged artery is served.
Hence, avoiding the long term risks of restenosis and thrombosis and limiting the usage of is blood thinning medication.
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Increasing focus on patient registration of bioresorbable stents is another important driver of this market. An expected 15 patients are likely to be filed in coming years.
Additionally, increasing clinical trials, growing inclination of physicians and patient to encourage implementation of and high traction in minimally invasive therapy market are some of the other key factors responsible to drive the growth of this market.
However, failure of bioresorbable stents in the clinical trials to prove the theoretical advantages which they claim is a major factor that may restraint the growth of this market. Nonetheless, irrespective of this, the perceived benefits of the products yet to be launched are likely to drive the market to over $ 1.5 billion in coming years.
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The market for bioresorbable stents is segmented by type of materials (polymer based and metal based), regulatory analysis (FDA, PMA and Ce), rate of absorption (Fast and Slow), type of application (Coronary artery and Peripheral artery) and end-user (Hospitals and Cardiac centers and patients). The metal stents are further classified into Iron, Magnesium, Magnesium rare earth alloys and zinc.
Coating technologies, critical technology factors such as cytotoxicity and reduced corrosion rate, and technologies based on polylactide, tyrosine polycarbonate and salicylic acid pertaining to polymer based stents are discussed in details. Additionally, patents are extensively studied to give clarity to our clients for taking critical decisions.
Some of the major players in this market include Abbott, BIOTRONIK , Arterius Limited, Boston Scientific Corporation, ORBUSNEICH, REVA Medical, Inc., Amaranth Medical, Inc., Elixir Medical Corporation, KYOTO MEDICAL PLANNING Co., Ltd. , Arterial Remodeling Technologies, Boston Scientific Corporation, 480 Biomedical, S3V Vascular Technologies Private Limited and Qualimed.
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Table of Contents
Bioresorbable Stentss, By Type
Factors influencing the demand of Bioresorbable Stentss
North America market analysis
Western Europe market analysis
Asia Pacific market analysis and more………
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