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Global Bioabsorbable Stents Market, Size, Share, Analysis Report & Forecast to 2026

10-01-2021 01:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

The global bioabsorbable stents market is anticipated to grow at a CAGR of around 11.5% during the forecast period. Iron and magnesium are the most common metal alloys used for making bioabsorbable stents. As magnesium is an essential element of the human body, magnesium bioabsorbable stents are the most commonly used metallic alloy stents in disease management. The growing ageing population prone to coronary and peripheral artery diseases, increasing focus of industries on clinical trials of bioresorbable stents, rising adoption of these stents by physicians and patients, and patient's preference for minimally invasive therapies all contribute to the market growth of bioresorbable stents. However, the high cost and procedure risk involved with bioabsorbable stents constrain market growth. On the contrary, increased R&D and technological advancements are expected to provide lucrative opportunities for market participants in the future.

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The global bioabsorbable stents market is segmented based on polymer type, drug, applications, and end-user. Based on polymer type, the market is segmented into poly (L-Lactic Acid) PLLA, tyrosine polycarbonate polymer, poly (Caprolactone) (PCL), poly (Anhydride Ester) salicylic acid. Based on application, the market is segmented into coronary artery diseases, peripheral artery diseases, and others. Further on the basis of end-user, the market is classified into hospitals, research centers, cardiac centers, and others.

A Full Report of Global Bioabsorbable Stents Market is Available at:
https://www.omrglobal.com/industry-reports/bioabsorbable-stents-market

The global bioabsorbable stents market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have a significant share in the global market. The rising diabetic patient population, evolving technology, and a robust product pipeline are some of the factors driving the development of the bioabsorbable stents market in North America. The key players functioning in this region include Abbott Laboratories Inc, Johnson & Johnson, Boston Scientific Corp, Medtronic plc among others. Additionally in this region government authorities are focusing upon improving the healthcare facilities that in turn propelling the growth of the market in North America.

Global Bioabsorbable Stents Market – Segmentation
by Polymer Type
Poly (L-Lactic Acid) PLLA
Tyrosine Polycarbonate Polymer
Poly (Caprolactone) (PCL)
Poly (Anhydride Ester) Salicylic Acid
by Application
Coronary Artery Diseases
Peripheral Artery Diseases
Others
by End-User
Hospitals
Cardiac Centers
Others

Global Bioabsorbable Stents Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bioabsorbable-stents-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com 
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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