Coronary Stent are implants which is inserted into a blood vessel or other internal duct in order to expand the vessel to prevent a blockage. These implants are manufactured from metal mesh and remain in the body permanently or until removed through further surgical intervention.
A Bioabsorbable stent works in the same purpose, but is manufactured from a material that may dissolve or be absorbed in the body, these basically dissolve in around 18 months. Advantages of using the bioabsorbable stent are quick restoration of blood flow, faster healing process, no permanent implant is seen after absorption.
Most Bioabsorbable Stents are made of polylactic acid, a naturally dissolvable material that is used in medical implants such as dissolving sutures.
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Bioabsorbable Stents Market: Drivers and Restrains
Increase in cardiovascular surgeries, increasing risk of cardiovascular disorders among obese people. According to WHO reports, cardio vascular diseases are the number one cause of death globally more people die annually from cardio vascular diseases than from any other cause, by 2030 more than 23 million people will die annually from Cardio vascular diseases. With the increase in the prevalence of cardiovascular disease, low cost treatment and exact stent placement plays key role in attracting the patients towards bioabsorbable stents.
High risk of complications associated with bioabsorbable stents and public awareness about the Bioabsorbable Stents is less.
Bioabsorbable Stents Market: Segmentation
Bioabsorbable Stents Market segmented based on product type
- Polymer Based Bioabsorbable Stents
- Metal Based Bioabsorbable Stents
Bioabsorbable Stents Market: Overview
With increased more number of Global cardiovascular surgeries and having more advantages when compared with other stent Global Bioabsorbable Stents Market is growing at healthy rate. According to WHO reports estimated that 17.5 million people died from Cardio vascular diseases in 2012, representing 31% of all global deaths. In these deaths, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke. With the high prevalence of acute coronary syndrome, the market is expected to growth at a healthy froth rate in the forecast period.
Bioabsorbable Stents Market: Region wise Outlook
Depending on geographic regions, global Laboratory Information Systems market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America is having more market for Bioabsorbable Stents, In North America, U.S. represents the largest market for Absorbable Stents because of having more prevalence rate for cardiovascular diseases.
Asia region is expected to have more growth rate in upcoming years because of increasing awareness about Bioabsorbable Stents in this region. In Asia region India, China, Japan are expected to have more growth rate for Absorbable Stents.
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Bioabsorbable Stents Market: Key Players
Some of the key market players in global bariatric surgery devices market are Abbott Laboratories, Arterial Remodeling Technology SA, Biotronik SE & Co. KG, Kyoto Medical Planning, REVA Medical, Amaranth Medical etc.