The global Bioabsorbable Stents Market is expected to reach USD 417.2 million by 2022 from USD 242.4 million in 2017, at a CAGR of 11.5% during the forecast period, as per a report by MarketsandMarkets.
Why emerging markets could offer high-growth opportunities for market participants?
At present, emerging nations such as India, China, and Brazil are one of the biggest markets for bioresorbable stents across the globe. Increasing disposable incomes in these countries have resulted in growing access to and affordability of quality healthcare for a larger population base. The increasing patient population in emerging markets is also expected to influence the market positively in the coming years.
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According to eHealth, it is estimated that by 2030, the prevalence of cardiovascular disease would increase by nearly 73% in China. This presents immense opportunities for manufacturers of bioresorbable stents.
To cater to the increasing demand in the emerging markets, various companies are increasingly focusing on developing bioresorbable stents to be used for treating CAD and PAD. For example, SMT and Meril Life Sciences (India) are developing fully bioresorbable stents. Elixir Medical Corporation (U.S.) and REVA Medical, Inc. (U.S.) have carried out clinical trials of their products in Brazil.
How high risk of complications remain a challenge?
There are several complications associated with bioresorbable stents commercially available in the market. Companies, however, are continuously looking to adopt and implement effective ways to reduce the risk of complications caused by these devices.
A major complication is the high risk of stent thrombosis. For instance, when biovascular scaffolds (BVS) were tested against drug-eluting metal (DEM) stents in a meta-analysis, BVS showed 80% higher chances of stent thrombosis. Stent thrombosis is a condition where an earlier implanted stent in a coronary artery becomes blocked by a blood clot.
Some other complications associated with bioresorbable stents include recoiling of stents and inflammation caused due to prolonged exposure of polymers to vessels.
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These complications pose a major challenge to companies launching bioresorbable stents in the market.
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