Bio-Engineered Stent Market : Description

A small, slender metal or plastic tube called a bioengineered stent is used to treat clogged arteries. Patients with various forms of cardiovascular disorders, such as coronary heart disease and ischemic heart disease, use it. For numerous disorders such coronary artery disease, peripheral arterial disease, carotid artery disease, renal artery stenosis, abdominal aortic aneurysm, and thoracic aortic aneurysm, among others, there are various types of bio-engineered stents on the market.

Bio-Engineered Stent Market : Overview

Because it widens the blood vessel to prevent artery blockage in cardiovascular disorders such coronary heart disease and ischemic heart disease, bio-engineered stents play a significant role in contemporary healthcare.The size of the global bio-engineered stent market, which was estimated at US$ 2,764.2 million in 2017, is anticipated to grow at a CAGR of 8.7% from 2018 to 2026. performance of overall healthcare industry.

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Market Dynamics

One of the main factors fueling the market expansion for bio-engineered stents is the rising prevalence of renal disorders. According to the American Heart Association Council, cardiovascular disease accounted for more than 17.9 million deaths worldwide in 2015 and is predicted to account for over 23.6 million deaths by 2030. The same source estimates that cardiovascular illnesses caused 836,546 deaths in the United States in 2015, or around 1 in 3 fatalities.Additionally, major market players are concentrating on implementing a variety of strategies, such as the introduction of new Product Types, approvals, partnerships, and collaborations, to strengthen their position in the industry. For instance, Medtronic Plc. acquired the U.S. Food and Drug Administration certification in May 2017. (FDA)

Market Information

The increase in hospital admissions for cardiac problems as well as the worldwide stent industry’s increased adoption of bioengineered technology are both factors contributing to the market’s strong growth from 2019 to 2027. In the near future, market expansion will be driven by rising FDA approvals for new products with improved biological solutions, acquisitions, and acceptance of advanced stents in emerging nations.For instance, in September 2018, Biotronik’s coronary stent system for the treatment of acute coronary artery disease got FDA approval in the United States. A stent that is gradually absorbed by the human body, Absorb GT1 (bioresorbable vascular scaffold system), was also given FDA approval by Abbott Laboratories in June 2016.
Bio-Engineered Stent Market : Segment Analysis

Bio-Engineered Stent Market based by application

Hospitals

Clinics

Global Bio-engineered Stent Market: By Types

Metal-based Bio-engineered Stent

Polymer-based Bio-engineered Stent.

Bio-Engineered Stent Market : Competitive Landscape

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Key Regions & Countries: North America (the United States, Canada, and Mexico), Europe, (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia, etc.), and The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Key Players: Medtronic,Boston Scientific,Abbott Laboratories,B. Braun Melsungen,BD,Terumo,MicroPort,Lepu Medical,Biotronik,Biosensors,Stentys,Vascular Concept

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