Global Bio-absorbable Stents Market to grow at a CAGR of 40.93% during the period 2017 - 2021; Finds New Report

Report forecast the global bio-absorbable stents market to grow at a CAGR of 40.93% during the period 2017-2021.

The bioabsorbable stents market has evolved with the advances in technology and innovative products in the medical field. Stents are being increasingly used to treat medical conditions. The vendors are focusing on developing products that are safe, easy to use, widely available, and cost-effective. Also, some companies are adopting creative strategies and developing innovative products to ensure product differentiation in the market.

The report covers the present scenario and the growth prospects of the global bio-absorbable stents market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bioabsorbable stents.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is increasing prevalence of CADs. There has been a rise in incidence of cardiac diseases globally, with cardiac arrest being the leading cause of death among individuals aged 60 years and above. According to CDC, cardiac disorders accounted for over 0.45 million deaths in the US each year. Hypertension is the most common reason for heart failure, which is caused due to rise in blood pressure in the arteries. This is an important risk factor for various CVDs like heart failure, stroke, CAD, and PVD.

Further, the report states that one of the major factors hindering the growth of this market is stringent regulation for approval of devices. Regulatory authorities have enforced a stringent regulatory framework and labeling requirement for medical devices. These devices are always considered as high risk and undergo safety examination to demonstrate efficacy before they are granted approval. The FDA might delay or reject devices, which do not demonstrate the required safety.

Global Bio-Absorbable Stents Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global bio-absorbable stents market: Boston Scientific, Abbott Laboratories, Elixir Medical, and Kyoto Medical Planning.

Other Prominent Vendors in the market are: REVA Medical, Arterial Remodeling Technologies, Tepha, Meril Life Sciences, Amaranth Medical, and Arterius.

Market driver

• Increasing prevalence of CADs
• For a full, detailed list, view our report

Market challenge

• Stringent regulation for approval of devices
• For a full, detailed list, view our report

Market trend

• Advent of metallic stents
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 77 pages and 50 Exhibits “Global Bio-absorbable Stents Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by material, Market segmentation by application, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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