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The bioabsorbable stents market has evolved with the advances in technology and innovative products in the medical field. Stents are being increasingly used to treat medical conditions. The vendors are focusing on developing products that are safe, easy to use, widely available, and cost-effective. Also, some companies are adopting creative strategies and developing innovative products to ensure product differentiation in the market.Complete report on bio-absorbable stents market spread across 77 pages, analyzing 5 major companies and provides 50 data exhibits is now available at http://www.reportsnreports.com/reports/832176-global-bio-absorbable-stents-market-2017-2021.html .
The analysts forecast global bio-absorbable stents market to grow at a CAGR of 40.93% during the period 2017-2021. The latest trend gaining momentum in the market is advent of metallic stents. Vendors are focusing on newer technology in the development of bioabsorbable stents with advanced features. The use of technology results in high use of bioabsorbable stents globally. The advances in vascular surgery has brought great focus in development and newer ways to solve the difficult clinical problems.
According to the bio-absorbable stents market report, one of the major drivers for this market is increasing prevalence of CADs. There has been a rise in incidence of cardiac diseases globally, with cardiac arrest being the leading cause of death among individuals aged 60 years and above. According to CDC, cardiac disorders accounted for over 0.45 million deaths in the US each year. Hypertension is the most common reason for heart failure, which is caused due to rise in blood pressure in the arteries. This is an important risk factor for various CVDs like heart failure, stroke, CAD, and PVD.
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The global bio-absorbable stents market is in a nascent stage with several products in the pipeline. There is intense competition among the Tier 1 and Tier 2 companies in the market. The vendors compete with each other in terms of investment in R&D and clinical trial studies by collaborating with different medical institutions and hospitals.
The report, Global Bio-Absorbable Stents Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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