DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Bioabsorbable Stents Market - Global Forecast to 2021" report to their offering.
The global bioabsorbable stents market is expected to reach USD 2.4 Billion by 2021 from USD 0.4 Billion by 2016, at a CAGR of 42.5% during the forecast period.
The major driving factors are the increasing focus of the companies on clinical trials of bioabsorbable stents, increasing aging population, technological advancements, and patients' preference for minimally invasive therapies. However, factors such as the high prices of these stents may hamper the growth of the market.
Europe is the largest regional market for bioabsorbable stents, accounting for 60% of the total market in 2016. The North American market is expected to grow at the highest CAGR of 46.1% during the forecast period, due to the increase in aging population, unhealthy lifestyle habits, and the strong healthcare infrastructure in this market.
Traditionally, bare metal stents were used for the treatment of coronary and peripheral artery diseases. Due to various complications, such as stent thrombosis and the increased risk of restenosis, these stents were replaced by drug-eluting stents, which in turn were succeeded by bioabsorbable stents. Bioabsorbable stents have overcome the complexities and disadvantages of drug-eluting stents. They restore the normal ability of the artery to contract & relax, improve abnormal endothelial function, and permit remodeling of the vessel.
- Abbott Laboratories
- Amaranth Medical, Inc.
- Arterial Remodeling Technologies S.A.
- Arterius Limited
- Elixir Medical Corporation
- Kyoto Medical Planning Co., Ltd.
- Meril Life Sciences
- Reva Medical, Inc.
- Tepha, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Regulatory Scenario
7 Bioabsorbable Stents Market, Pipeline Products
8 Bioabsorbable Stents Market, by Material
9 Bioabsorbable Stents Market, by Absorption Rate
10 Bioabsorbable Stents Market, by Drug
11 Bioabsorbable Stents Market, by Application
12 Bioabsorbable Stents Market, by End User
13 Bioabsorbable Stents Market, by Region
14 Competitive Landscape
15 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/gqbh4j/bioabsorbable