Bioresorbable Stent Market is valued at USD 271.5 Million in 2018 and expected to reach USD 602.4 Million by 2025 with a CAGR of 12.06% over the forecast period. Increasing technological advancements and growing adoption of these kinds of devices are expected to drive the Global Bioresorbable Stent Market.
The use of bioresorbable stents in interventional cardiology is a new approach in the treatment of coronary artery disease. This technology was introduced to overcome limitations of current metallic drug-eluting stents such as late in-stent restenosis and permanently caging the vessel. It is mainly aimed to provide temporal support to the vessel before being degraded and resorbed by the body, promoting vessel healing and restoration of vasomotion. Currently, there are several bioresorbable scaffolds that are under development with some already commercially available. The major advantages of bioresorbable stents include: restoration of vessel anatomy (after resorption there is no segment straightening, no edges that could alter blood flow), restoration of vessel physiology as there is no metal cage full vasomotion is possible both in terms of cell signals and vessel relaxation/contraction, No thrombogenity when the scaffold is resorbed and others.
Global Bioresorbable Stent market report is segmented on the basis material, absorption rate, application, end-user and region & country level. By material, the market is segmented into bioresorbable polymer based stents and bioresorbable metallic stents. By absorption rate, the market is segmented into slow absorption stents and fast absorption stents. By application, the market is segmented into coronary artery diseases and peripheral artery diseases. By end-user, the market is segmented into hospitals and cardiac centers.
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The regions covered in this Bioresorbable stent Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Bioresorbable stent is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Bioresorbable stent Market Report–
Some major key players for global Bioresorbable stent market are Abbott, BIOTRONIK SE & Co. KG, REVA Medical, Inc., Elixir Medical Corporation, Arterial Remodeling Technologies and others.
FDA Approved BIOTRONIK’s Ultrathin Orsiro Stent for the Treatment of Coronary Artery Disease.
On February 22nd, 2019; IOTRONIK announced the FDA approval of the Orsiro drug-eluting stent (DES) system. Orsiro is the first and only ultrathin DES to outperform the clinical standard, Xience. Orsiro received CE marking in 2011 and has been used to treat more than one million patients worldwide to date.
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Global Bioresorbable Stent Market Dynamics –
Increasing number of patients of heart attack and people who are stroke susceptible are the major factors driving the demand for bioabsorbable stent. For example; according to the Centers for Disease Control and Prevention; 735,000 Americans suffer a heart attack each year. Additionally, without a permanent metal structure left behind, natural and important functions of the artery vessel such as vasomotion and normalization of shear stress patterns resume is also supplementing the market demand for bioabsorbable stents. Furthermore, the busy lifestyle, unhealthy foods and less physical activity increase the chances of having cardiovascular disease and foster the market growth. However, high cost, government regulations and other issues with stent are hindering the market. Moreover, technological advancement to develop more innovative bioabsorbable stents can create opportunities for the further growth of the market.
North America is Dominate the Global Bioresorbable Stent Market.
North America is expected to account for the largest share of global bioresorbable stent market. This growth is mainly attributed to high prevalence of cardiovascular diseases, the busy lifestyle and unhealthy foods heart disease in this region. For example; as per U.S. Department of Health & Human Services; In the United States, someone has a heart attack every 40 seconds. Every year, about 805,000 Americans have a heart attack. Additionally, increase number of cases of stent implants yearly in this region is also fostering the market growth. North America is followed by Europe due to the increasing technological advancements and growing awareness about the benefits of bioresorbable stent usage. Asia pacific is expected to witness a significant growth in this market owing to the growing awareness regarding advantages of PCI procedures, and increased R&D investments on innovative coronary stents in this region.
Key Benefits for Global Bioresorbable stent Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Bioresorbable Stent Market Segmentation:–
- Bioresorbable polymer based stents
- Bioresorbable metallic stents
By Absorption Rate:
- Slow- absorption stents
- Fast- absorption stents
By Absorption Rate:
- Coronary Artery Diseases
- Peripheral Artery Diseases
By End User:
- Cardiac Centers
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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