Global Bioabsorbable Stents Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
7 Dec, 2021
Global Bioabsorbable Stents Market Size And Drivers:
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 a key factor driving the growth of the bioabsorbable stents market.
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Trends In The Global Bioabsorbable Stents Market
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. In 2018, Boston Scientific launched its self-expanding drug-eluting stent (DES) peripheral artery disease (PAD) scheme which helped the company to expand its PAD portfolio. In 2018, around 13 million stents were sold worldwide. According to a study published in the Journal of Cardiothoracic Surgery in January 2020, DES is safer than bioresorbable vascular stents for coronary revascularization.
Global Bioabsorbable Stents Market Segments:
The global bioabsorbable stents market is further segmented –
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 global bioabsorbable stents market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/bioabsorbable-stents-market-global-report-2020-30-covid-19-growth-and-changeBioabsorbable Stents Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides bioabsorbable stents market overviews, analyzes and forecasts market size and growth for the global bioabsorbable stents market, bioabsorbable stents market share, bioabsorbable stents market players, bioabsorbable stents market segments and geographies, bioabsorbable stents market’s leading competitors’ revenues, profiles and market shares. The bioabsorbable stents market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.