Absorbable Heart Stent Market: Introduction
· As the global health care industry undergoes reforms to convert the current fee-for-service model to a fee-for-value model, reduction in patient complications and the number and duration of hospital stays is being focused on. Interventional cardiology, in particular, is at a pivotal point, with remarkable advancements taking place in the device technology, operator techniques, and clinical safety and efficacy. Significant advances have been made in the treatment of coronary artery disease (CAD), which has started the era of absorbable heart stents. Moreover, the advent of absorbable heart stents has considerably changed and revolutionized the landscape of interventional cardiology and made angioplasties more predictable.
· Bio-resorbable stents degrade completely within 6 months or a year. This leaves the blood vessel naturally healed. These stents can help reduce chronic inflammation of the artery and avoid use of the long-term antiplatelet therapy. Increase in awareness about advantages of absorbable heart stents over bare metal stents, new product launches, and regulatory approvals are likely to drive the demand for fully absorbable heart stents in the near future. For instance, in April 2017, Reva Medical received the CE mark for its Fantom drug-eluting scaffolds.
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Key Drivers and Restraints of Global Absorbable Heart Stent Market
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Coronary Diseases Segment to Dominate Global Market
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· Moreover, reduction in prices of stents by regulatory authorities in countries such as India is providing local population with an access to new and advanced absorbable heart stents. This, in turn, offers significant opportunities to the absorbable heart stent market in Asia Pacific. Geographical expansion by China-based players in India and availability of reimbursement for coronary stents in Japan are likely to offer lucrative opportunities to the market in the region in the near future.
· However, the number of deaths caused by cardiovascular diseases is lower in developed countries in spite of increasing prevalence of CVDs in these countries
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Hospitals Segment to Lead Global Absorbable Heart Stent Market
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Key Manufacturers Operating in Global Market
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