The “Bioresorbable Coronary Stents Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Bioresorbable Coronary Stents market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global Bioresorbable Coronary Stents Market size is
expected to value at USD 247 million by 2025. The market is subject to witness
a substantial growth due to the easy availability of post-approved with and
tested lab results for Magmaris, Magnitude and next generation Absorb
bioresorbable vascular scaffold (BVS) system.
Early adoption of the bioresorbable devices allows
patients to live normal life with regular monitoring of artery. Bioresorbable
devices also offers options to undergo an angioplasty in later stages in
patient’s life. Globally, the bioresorbable coronary stents industry is
predicted to grow at CAGR of 15% in forecast period, providing numerous
opportunities for market players to invest for research and development in the
market.
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The pediatric patient suffering from genetic coronary
conditions are targeted audience for fully dissolvable stents that enable
normal functioning of vasomotor functions and vessel growth, thus driving the
market demand for bioresorbable coronary stents market in recent years. Rising
adoption of elective percutaneous coronary intervention or PCI techniques is
one of the critical factors responsible for growth of the market.
Increasing prevalence of cardiovascular diseases, stroke,
coronary artery disease and atherosclerosis are giving rise to a growing number
of concerns among healthcare professional and governmental agencies considering
severity of these diseases. Changing food patterns, unhealthy lifestyles and
obesity in urban areas across the globe are major risk factors leading to rise
in incidence of stroke conditions, thus, driving the demand for interventional
coronary procedures among young population.
Absence of primary guidelines to monitor procedure
volumes and high approval rate by government agencies in various regions across
the globe are anticipated to fuel the growth of the market. The Absorb
bioresorbable vascular scaffold (BVS) is one of the fastest growing segment in
the bioresorbable coronary stents industry with highest revenue generation in
last couple of years. Though, unfavorable post-approval lab results are
significantly hampering the sales of Absorb bioresorbable vascular scaffold
(BVS) system due to concerns for safety and operational capability of such
fully dissolvable devices. Thus, the rising need for more reliable and tested
solutions coupled with post-approval data from governmental regulatory
agencies, are opening up market for lesser known stents like Me Res-100 and
DESolve in coming years.
Asia-Pacific region is predicted to hold major market
share in the bioresorbable coronary stents market with massive growth in
forecast period. Countries such as India, China and Japan are leading the
Asia-Pacific market with rise in the patient pool and increasing investment by
industry leaders considering potential opportunities in the region.
The key players in the bioresorbable coronary stents
industry are BIOTRONIK Incorporations, Meril Lifesciences Private Limited.,
Elixir Medical Co., REVA Medical Incorporations, Arterial Remodeling
Technologies S.A., Amaranth Medical Incorporations, Microport Scientific Co.,
and Arterius Limited.
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