The bioabsorbable metal stent or bioabsorbable polymer stents market is estimated to be driven by rising cases of coronary artery disease or peripheral artery disease among both the geriatric and younger population alike. According to the Centre for Disease Control and Prevention (CDC), the global prevalence of coronary heart condition was over 18.2 million persons in 2017, with around 2 in 10 people dying from the disease.
Actually, the global bioabsorbable stents market is being driven by an increase in percutaneous coronary intervention (PCI) procedures. In addition, the sales of bioabsorbable stents have expanded due to rising demand for less invasive treatments among heart patients across the world. Furthermore, the bioabsorbable stents market trend is expected to grow in the approaching years due to the increased global adoption of medical implants by cardiac patients.
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Global Bioabsorbable Stents Market: Segmentation
By Material :
- Bioabsorbable polymer based stents
- Bioabsosbable metallic stents
By Absorption Rate :
- Slow- absorption stents
- Fast- absorption stents
By Application :
- Coronary Artery Diseases
- Peripheral Artery Diseases
By End User :
- Cardiac Centers
By Region :
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
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Increased government initiatives for the research and manufacturing of bioabsorbable or bioresorbable stents for the healthcare sector are contemplated to be the supplementing factor for bioabsorbable stents market future trends. And technical advancements in bio-absorbable material accompanied by new product approvals and launches are also projected to contribute to bioabsorbable stent market expansion.
Further, the several fringe benefits of using such stents are poised to create a highly favourable market for the sales of bioabsorbable stents, as mentioned in the report. For instance, it can prevent the loss of natural vasomotion and increase endothelial function over time. The treatment by implanting it also allows for vascular remodelling, making it the most lucrative feature of the product, and it is expected to further augment the emerging trends in the bioabsorbable stent market.
Key Companies Profiled
- Abbott Laboratories
- REVA Medical, Inc.
- Elixir Medical Corporartion
- Arterial Remodelling Technologies S. A.
- Kyoto Medical Planning Co. Ltd.
- Microport Scientific Corporation
- Arterius Ltd. among others.
What is the Bioabsorbabale Stents Market Outlook in Asia Pacific Region?
As per the global market study on bioabsorbable stents, Asia Pacific is predicted to develop at the quickest rate. The rising number of cardiac patients in the Asia Pacific countries with the highest population count is predicted to drive the demand for bioabsorbable stents in the regional market.
During the projected period, the China bioabsorbable stents market is predicted to lead at the fastest rate of 8.8% in this geographical region. The net worth of the market is estimated to be around US$ 28 Million in 2022 and is projected to reach a total valuation of US$ 71.6 Million in the year 2032.
The market study in the centre information display provides answers to the following queries:
What percentage of the market is mostly controlled by the big players?
What laryngeal stent marketing techniques have been the most effective?
What industry is most likely to draw new investment between now and 2032?
Which aspects of growth are most likely to be challenging over the projection period?
What is the anticipated compound annual growth rate (CAGR) and projected total yearly income from now until 2032?
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