How Will The Bioabsorbable Stents Market Grow In 2022?
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The bioabsorbable stents market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 9%, as per The Business Research Company’s market report!
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The Bioabsorbable Stents Market Size In 2022 And Forecast
The global bioabsorbable stents market is expected to grow from $0.29 billion in 2021 to $0.31 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The bioabsorbable stents market is expected to grow to $0.45 billion in 2026 at a CAGR of 9.5%.
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.
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Increase In The Cardiovascular Diseases Is Driving The Growth Of The Bioabsorbable Stents Market
According to the American Heart Association, it is estimated that more than 23.6 million die due to cardiovascular diseases by 2030. Therefore, increasing cardiovascular diseases are expected to drive the growth of the bioabsorbable stents market.
Competitive Landscape And The Regional Analysis Of The Bioabsorbable Stents Market
Major players in the bioabsorbable stents market are 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.
The Bioabsorbable Stents Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bioabsorbable stents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the bioabsorbable stents market.
Drug-Eluting Stent – A Key Trend In The Bioabsorbable Stents Market
The drug-eluting stent (DES) is gaining significant popularity in the bioabsorbable stents market. The drug-eluting stent (DES) device was 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.
Bioabsorbable Stents Market Segmentation By The Business Research Company
1) By Product Type: Polymer-based Bioabsorbable Stents, Metal-based Bioabsorbable Stents
2) By Absorption Rate: Slow- absorption stents, Fast- absorption Stents
3) By Applications: Coronary Artery Diseases, Peripheral Artery Diseases
Here Are Some Reports Related To The Bioabsorbable Stents Market –
Intracranial Stents Global Market Report 2022
Peripheral Vascular Devices And Equipment Global Market Report 2022
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