Bioabsorbable Vascular Stents Market – Global Industry Analysis Report, Share, Growth, Price Trends and Forecast, 2017 – 2024: Global Market Insights Inc. Global Bioabsorbable Vascular Stents Market is strongly driven by escalating growth in geriatric population, rising incidences of cardiac ailments, coronary & peripheral artery diseases, and increasing number of obese people. Furthermore, promising product pipelines and rising technological advancements will boost the business growth. Bioabsorbable Vascular Stents Market size is expected to witness lucrative growth in the period 2017-2024. Bioabsorbable vascular stents can be disintegrated by human body without external intervention. Hence, they eliminate the need for post-treatment involvements and prevent inflammation leading to stent restenosis and thrombosis. Bioabsorbable stents avoid stent-in-stent procedures and cut the need for dual antiplatelet therapies; thus, increasing the demand for bioabsorbable stents.
However, slow adoption rate of stents in disease management, inadequate reimbursement policies, stringent regulatory scenario, and the presence of substitutes will hamper the market growth. Based on the material type, the market is segmented into polymer-based and metalbased bioabsorbable stents. The polymer-based stents market is set to witness a higher growth than metallic bioabsorbable stents due to its comparative advantages over metallic type. By application type, the market is segmented into coronary and peripheral artery stent. The coronary artery stents hold a major market share and are expected to continue their dominance in the coming years owing to the healthcare industry’s objective to reduce deaths due to cardiovascular diseases. Preferences of cardiologists toward coronary intervention procedures are expected to make significant revenue from this segment during the forecast period. The rising incidence of peripheral artery disease propels the demand for peripheral stents. Escalating geriatric population is another factor responsible for the rise in demand for peripheral stents. The development of imaging techniques improved the surgeries involving the placement of peripheral vascular stents and owing to this, there will be an anticipated increase in stenting procedures. However, high price and 1|Page