Bioabsorbable Stents Market Business Opportunties and Growth 2018 to 2026


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.


The rising prevalence of late stent thrombosis is propelling the growth of bioabsorbable stents market
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.

Magnesium bioabsorbable stents are most widely used stents in disease management due to its high solubility

Rising number of patient population with cardiovascular diseases is contributing to the domination of North America in bioabsorbable stents market

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.

The industry players are collaborating with other companies to hold the maximum share in bioabsorbable stents 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. Click To Read More On Bioabsorbable Stents Market

Comments

Post a Comment

Popular posts from this blog

Medical Automation Market Analysis, Growth, Size, Share, Trends, Supply Demand and Forecast to 2026

Medical automation is a technology used to minimize medical errors, promote better management of chronic illness, and to enable healthcare professionals to anticipate prognosis. It controls the diagnostic, monitoring, and therapeutic machineries that serves the major responsive tasks into the hospitals. It also increases the predictability of outcome when patients follow a standardized care path supported by automation. Moreover, automation can help to detect when a patient has deviated from recommended care plan so the care team can intervene. The technology implementation enhances efficiency of hospitals by reducing the process time and improving accuracy of a medical procedures. Medical automation in hospitals such as using robotic assisted systems for health check-ups, is also propelling the growth of the market and in turn improving patient safety. Hospitals are adopting the medical robotics to reduce the HAIs rates in healthcare facility and to provide cleaner and saf...
Read more

Medical Disposables Market to Witness a Pronounce Growth by 2026

Medical disposables are products that are used in hospitals or in various medical fields for prevention of infections and for safety measures to meet the medical standards. The medical disposables are important to lower the risk of cross-contamination and infections that is a primary aim of healthcare professionals and governments globally. Medical disposables includes conventional syringes, disposable medical catheters, isolation gowns, procedure kits and trays, blood glucose tes t strips, and wound care products. The medical disposables are the essential component of every hospital and they have one time usage and need to be disposed after use. Medical disposables are used in surgery, drug and fluid delivery, wound management, diagnostic testing, patient examination, incontinence management, sterilization, and to reduce the discomfort of patient. The need of safety and prevention from infections for the various medical fields such as surgical wear, hygiene, anesthesia and ped...
Read more

Cancer Vaccines Market Taking New Steps to Meet the Challenges With Major Key Companies

Cancer is the second leading cause of morbidity and mortality worldwide. Major cause of cancer is gene mutation and rarely due to inherited genes. On the basis of the type of cell it initiates to form cancerous with, it is divided into carcinoma, lymphomas, leukaemias, brain tumors, and sarcomas. According to World Health Organization (WHO), 2017, nearly 1 in 6 deaths is due to cancer globally and around 70% of deaths from cancer occur in low- and middle-income countries. Moreover, it is projected that for next two decades, 70% of new cases are expected to be diagnosed globally. Advent of cancer vaccines can significantly reduce this numbers and lead a cancer-free life for the global population. Key players in the global cancer vaccines market include, Astrazeneca Plc. (Medimmune, LLC.), Glaxosmithkline Plc., Merck & Co., Inc., Sanofi Pasteur, Aduro BioTech Inc., Sanpower Group, Astellas Pharma Inc., CSL Limited, Pfizer Inc., and Serum Institute of India Pvt. Ltd. Dow...
Read more