Middle East And Africa Bioabsorbable Stents Market By Material (Polymer Stents, Metallic Stents), By Absorption (Slow Absorption Stents, High Absorption Stents),by Application(coronary Artery Disease, Peripheral Artery Disease), By End User(Hospitals, Cardiac Centers), And By Region
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PR-Inside.com: 2017-10-06 11:53:08
According to the report Middle East and Africa bioabsorbable stents Market, published by Market Data Forecast the Market is advancing to achieve USD 0.19 billion by 2021 from USD 0.03 billion in 2016, at a CAGR of 42.63% in the course of forecast period. Clinical research has demonstrated that resorbable platforms, or normally dissolving stents, offer practically identical safety and efficacy profile to medicate stents. In particular, stent has been examined in single-arm trials and in randomized trials comparing it with a Drug eluting stent (DES).
Imaging tests show that the absorb dissolving stent starts to break down from 6 to 12 months and is completely broken up in middle of few years after it is set in the supply route. Two little platinum markers stay to check the area of the first PCI. The supply route can enlarge and contract, called vasomotion, like a solid vein at two years.
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Increment in cardiovascular surgeries is due to rise in danger of cardiovascular issue among the people suffering from obesity. As per WHO reports, cardio vascular problems are the main source of death than any other health issues, it is expected that by 2030 more than 23 million individuals may die due to Cardio vascular diseases. Thus, aging population and increase in the cardiovascular diseases are the key driving factors for the growth of the market. Positive outcomes of surgeries with bioabsorbable stents and post-surgery reports also account for the development of market. However, there are many regulatory, technological, safety-efficacy and also cost related issues which market has to deal with before reaching its full potential.
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The market is segmented into different categories based on material, absorption rate, application and end user. Based on material, bioabsorbable stents can be divided into two types. They are polymer stents, and metallic stents. Polymer stents are expected to grow at a higher CGAR compared to metallic stents. Based on absorption rate, market is segmented into slow absorption rate stents and high absorption rate stents. In 2016, Market for slow absorption stents is predicted to be on higher side. By application, bioabsorbable stents are categorized as coronary artery disease and peripheral artery disease. Coronary artery disease is expected to have larger share than peripheral artery disease. On the basis of end user, market can be segmented into hospitals and cardiac centers. Cardiac centers are dominated by hospitals and accounts for larger share. On the basis of geography, the highest market share holder is Europe, followed by North America.
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Some of the major players in global market of bioabsorbable stents are Elixir Medical Corporation, Arterius Limited, Amaranth Medical Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co Ltd., Reva Medical Inc, Tepha.Inc, SMT, Xenogenics Corporation
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