Global Bioabsorbable Stents Market Overview And Prospects
Learn about the global bioabsorbable stents market through The Business Research Company, which provides information on bioabsorbable stents market size, bioabsorbable stents market drivers and restraints, bioabsorbable stents market players, the COVID-19 impact on the bioabsorbable stents market, and more.
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The global bioabsorbable stents market is expected to grow from $0.29 billion in 2020 to $0.32 billion in 2021 at a compound annual growth rate (CAGR) of 10.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The bioabsorbable stents market is expected to reach $0.47 billion in 2025 at a CAGR of 10%.
Increasing cardiovascular diseases is expected to drive innovation in bioabsorbable stents manufacturing, thus driving the market during the forecast period.
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The bioabsorbable stents market consists of sales of bioabsorbable stents and related services. Bioabsorbable stents, also known as Bioresorbable stents (BRS) or vascular scaffolds are coronary stents that can fully dissolve in the body. These biodegradable stents are used in percutaneous coronary intervention (PCI) procedures for providing structural support to the treated vessels and prevent acute recoil & restenosis. Bioabsorbable stents are commonly used in the treatment of heart diseases.
Global bioabsorbable stents market segments include:
By Product Type: Polymer-based Bioabsorbable Stents, Metal-based Bioabsorbable Stents
By Absorption Rate: Slow-absorption stents, Fast-absorption Stents
By Applications: Coronary Artery Diseases, Peripheral Artery Diseases
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The drug-eluting stent (DES) is gaining significant popularity in the bioabsorbable stents market. The drug-eluting stent device designed to avoid the regeneration of tissue that would otherwise obstruct the artery and this was a new step forward in the treatment of peripheral artery disease.
TBRC’s bioabsorbable stents market report covers:
Major Market Players: Abbott Laboratories, Reva Medical, Elixir Medical Corporation, Biotronik SE & Co. KG, Amaranth Medical Inc., Zorion Medical, Tepha, Inc., S3V Vascular Technologies, ICON Interventional Systems, and Arterius Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Bioabsorbable Stents Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides bioabsorbable stents market overviews, analyzes and forecasts market size, share, bioabsorbable stents market players, bioabsorbable stents market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s bioabsorbable stents market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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