Bioabsorbable Stents Market Size Share Trends Report 2026


Posted July 17, 2020 by tejasa

Bioabsorbable stents are the new advancements in the stents technology also termed as bioresorbable stents or biodegradable stents.

 
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Bioabsorbable stents are the new advancements in the stents technology also termed as bioresorbable stents or biodegradable stents. It is the device which is inserted into the blood vessel or internal duct to expand the blood vessel preventing its blockage. Traditionally the stents used are of metal type, the new bioabsorbable stents are made up of soluble materials. The traditional metal stents used to remain in the body for longer period or permanently restricting the vessel motion of patient implanted with the stent. The advantages of bioabsorbable stents over the conventional drug eluting stents (DES) are that they eliminate the risk of potential inflammation, late stent thrombosis, and restenosis. Once the bioabsorbable stent is dissolved, it restores the vessel to a natural state of vasodilatation and vasoconstriction.
https://www.coherentmarketinsights.com/ongoing-insight/bioabsorbable-stents-market-897
The increase in prevalence of cardiovascular diseases globally is the major driving factor for the growth of bioabsorbable stents market. Additionally, increase in risk of late stent thrombosis, and restenosis due to use of conventional drug eluting stents is stimulating the use of new advanced biodegradable stents which degrades after a period. According to American Heart Association (AHS) in 2008, the mortality rate due to late stents thrombosis was around 45%.
The other factors contributing to the growth of bioabsorbable stents market includes, increase in number of geriatric population who are more prone to strokes and cardiovascular diseases requiring stents implant, technological up gradation in stents, and rising adoption rate of bioabsorbable stents. Lack of exercises, unhealthy habits, and change in lifestyle are some of the factors leading to chronic diseases and may require the stents implantation for treatment, contributing to the growth of bioabsorbable stents market. However, stringent government policies and regulations, and high cost of this stents are the restraints which might hamper the growth of bioabsorbable stents market.
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Regional segmentation of bioabsorbable stents market by Coherent Market Insights comprises of North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominates the bioabsorbable stents market due to the rising prevalence of cardiovascular diseases in this region. For instance, the data given by World Health Organization (WHO) shows that in 2015, 31% of deaths in United States were due to cardiovascular diseases. Whereas growing awareness about the bioabsorbable stents in Asia Pacific is helping to propel the growth of bioabsorbable stents market in this region.
Table of Contents
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Top players in the market
Key industry players operating the bioabsorbable stents market includes STENTYS SA, Abbott laboratories, Biotronik, Elixir Medical Corporation, Reva Medical Incorporated, Kyoto Medical Planning Cooperative Limited, Amaranth Medical Incorporated, Boston Scientific Co., and Microsoft scientific corporation. The major industry players are adopting the strategies such as agreements and collaborations with other companies to hold the major share in the bioabsorbable stents market. For instance, the acquisition of STENTYS SA and Cappella Peel Away Inc. in 2014. That helped STENTYS SA Company to enhance the drug delivery system of stents. The mergers and acquisitions in the bioabsorbable market by players helping the healthcare system.
Research methodology adopted by Coherent Market Insights
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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Categories Business , Health , News
Last Updated July 17, 2020