Global bio-absorbable stent market is set to witness a substantial CAGR of 9.47% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing demand for medical implants.
The report gives CAGR values along with its fluctuations for the specific forecast period. The report contains top to bottom analysis and estimation of various market related factors that are incredibly crucial for better decision making. The xyz report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the industry. This xyz market research report is framed with the most excellent and sophisticated tools of collecting, recording, estimating and analysing market data. xyz market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent.
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Key Market Competitors:
Few of the major competitors currently working in global bio-absorbable stent market are Abbott, REVA Medical, Inc., Elixir Medical Corporation, KYOTO MEDICAL PLANNING Co., Ltd., BIOTRONIK, Amaranth Medical, Inc., Arterial Remodeling Technologies, Meril Life Sciences Pvt. Ltd., Arterius, lepumedical.com, Boston Scientific Corporation, 480 Biomedical, Inc., S3V Vascular Technologies., QualiMed, OrbusNeich, Medtronic, STENTYS SA, Terumo Corporation, MicroPort Scientific Corporation, BD, B. Braun Melsungen AG among others.
Key Developments in the Market:
- In June 2019, Terumo Corporation has formed partnership with Orchestra BioMed to develop and commercialize sirolimus-eluting balloon in both peripheral and coronary cardiovascular interventions. The major focus of this partnership is to develop The Virtue angioplasty system to provide sustainable and bioabsorbable formulation of sirolimus directly into the artery wall. The partnership will help company to increase its product portfolio in global bio-absorbable stent market
- In October 2015, Boston Scientific Corporation has received FDA Approval for bioresorbable polymer stent – the Synergy – to treat coronary artery disease. The product approval will help company to increase its revenue generation as the product is a first bioabsorbable polymer stent
Global bio-absorbable stent market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bio-absorbable stent market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing number of Coronary Artery Disease/Peripheral Artery Disease is expected to drive the growth of the market in the forecast period
- Increasing prevalence of geriatric population is expected to enhance the growth of the market
- Increasing technological advancement in bio-absorbable stent is expected to increase the market growth
- Global rise in acceptance of medical implants acts as a market driver
- Availability of other alternatives is expected to restrain the market growth
- Stringent regulation is expected is another factor restricting the market growth
- Bio-absorbable stent are costly which is expected to restrain the market growth
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Segmentation: Global Bio-Absorbable Stent Market
- Bioresorbable Polymer-Based Stents
- Poly-L-Lactic Acid (PLLA)
- Poly (D, L-Lactide/Glycolide) Copolymer (PDLA)
- Polyglycolic Acid (PGA)
- Bioresorbable Metallic Stents
- Iron Bioabsorbable Stents
- Magnesium Bioabsorbable Stents
- Bioresorbable Natural Material -Based Stents
- Coronary Stents
- Drug-eluting Stents (DES)
- Bare-metal Coronary Stents
- Bioabsorbable Stents
- Peripheral Stents
- Iliac Stents
- Femoral-popliteal Stents
- Renal & Related Stents
- Carotid Stents
- Stent-related Implants
- Synthetic Grafts
- Vena Cava Filters
- Coronary Artery Disease
- Peripheral Artery Disease
By Absorption Rate
- Slow-Absorption Stents
- Fast-Absorption Stents
By End User
- Cardiac Centers
- Specially clinics/ Clinics
- North America
- South America
- Middle East & Africa
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