The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s bioabsorbable stents market report forecasts the bioabsorbable stents market size to grow to $0.49 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.

Learn More On The Bioabsorbable Stents Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bioabsorbable-stents-global-market-report

Bioabsorbable Stents Market Size Forecast
The global bioabsorbable stents market is expected to grow from $0.31 billion in 2022 to $0.34 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. 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, causing inflation across goods and services and affecting many markets across the globe. The bioabsorbable stents market is expected to grow from $0.49 billion in 2027 at a CAGR of 9.2%.

North America held the largest bioabsorbable stents market share.

Key Bioabsorbable Stents Market Driver ­– Increase In Cardiovascular Diseases
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.

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Key Bioabsorbable Stents Market Trend – Launching Drug-Eluting Stent
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. Boston Scientific launched its self-expanding drug-eluting stent (DES) peripheral artery disease (PAD) scheme which helped the company to expand its PAD portfolio.

Bioabsorbable Stents Market Segment

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

Bioabsorbable Stents Market Major Players and Strategies
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 2023 covers regional data on bioabsorbable stents market size, bioabsorbable stents market trends and drivers, opportunities, strategies, and bioabsorbable stents market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Bioabsorbable stents are tubes inserted into blood vessels to unblock passageways and dissolve in the body after a period of time.

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