Home / Press Release / Global Bio-engineered Stent Market Expected to Grow At a CAGR of 7.1% During the Forecast Period

Global Bio-engineered Stent Market Expected to Grow At a CAGR of 7.1% During the Forecast Period

The latest market report published by Credence Research, Inc. “Bio-engineered stent Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the bio-engineered stent market was valued at US$ 2,056.8 Mn in 2018, expected to grow at a CAGR of 7.1% during the forecast period from 2019 to 2027. 

Market Insights 

The global bio-engineered stent market is growing effectively from 2019 to 2027 accredited to the rise in hospital admissions for heart disorders along with enhanced bioengineered technology expansion in the stent industry on a global scale. Growing FDA approvals for new products with enhanced biological solutions, acquisitions and adoption of advanced stents in the emerging nations will drive the market growth in the near future. For e.g. In September 2018, Biotronik received the U.S FDA approval for coronary stent system for the management of acute coronary artery. Additionally, in June 2016 Abbott Laboratories received the FDA approval for Absorb GT1 (bioresorbable vascular scaffold system), a stent that is slowly absorbed by the human body. 

Top companies are concentrating on new product improvement and FDA clearance on a global scale. The rising number of partnerships and agreements with research organizations or institutes internationally will drive the market growth in the U.S. and Europe. Europe market to show steady growth owing to the proactive government policies adopted by healthcare agencies, which aids in flourishing the coronary heart disease treatment market in the region. Growing number of clinical trials for future launch by global players expected to drive the growth of the market in the near future. The prominent position of the U.S. is due to factors such as swift adoption of advanced medical technology with integrated biological solutions, intensive R&D for bio absorbable products and significant pool of CVD patients. 

Key Market Movements: 

Browse full report at https://www.credenceresearch.com/report/bio-engineered-stent-market

The Global Bio-engineered stent Market is Segmented into:

Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million

 By Material Type (2017–2027; US$ Mn)

 By Disease Indication (2017–2027; US$ Mn)

 By End-User Segment (2017–2027; US$ Mn)

 By Geography Segment (2017–2027; US$ Mn)

*Complete segmentation list is on report page

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