The Bioabsorbable Stents market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Bioabsorbabale Market is estimated to be USD 2.4 billion by 2021with a CAGR of 42.5%. 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. Based on absorption rate, Market is segmented into slow absorption rate stents and high absorption rate stents. By application, bioabsorbable stents are categorized as coronary artery disease and peripheral artery disease. On the basis of end user, Market can be segmented into hospitals and cardiac centers. Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Increment in cardiovascular surgeries is due to rise in danger of cardiovascular issue among the people suffering from obesity. As per WHO reports, cardio vascular problems are the main source of death than any other health issues, it is expected that by 2030 more than 23 million individuals die due to Cardio vascular diseases. Thus, aging population and increase in the cardiovascular diseases are the Key driving factors for the growth of the market. Positive outcomes of surgeries with bioabsorbable stents and post-surgery reports also account for the development of market. However, there are many regulatory, technological, Safety-efficacy and also cost related issues which market has to deal with before reaching its full potential.
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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