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Global Bioabsorbable Stents Market In-Depth Analysis, Business Forecast and Dynamics 2022 - 2030
In terms of revenue, the bioabsorbable stents market was valued at US$ 296.48 Mn in 2021 growing at a CAGR of 6.8% over the forecast period (2022 - 2030).
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The rise in the geriatric population, the prevalence of cardiovascular disease, and the increase in percutaneous coronary intervention (PCI) procedures are the primary drivers driving the global bioabsorbable stents market. Furthermore, advancements in stent technology, increased demand for minimally invasive procedures, and an increase in the occurrences of heart disease are likely to drive demand for bioabsorbable stents, fostering the market growth. Also, one of the key players such as Biotronik announced in September 2021 that its Orsiro Mission bioabsorbable polymer coronary drug-eluting stent system (BP-DES) had been approved by the FDA. The company also announced the first implantation as well as the device's complete commercial availability in the United States. The Orsiro Mission DES has the same stent design and bioabsorbable covering with controlled drug release as the company's Orsiro stent. The COVID-19 epidemic had infected about 192 million people globally as of July 22, 2021, resulting in 4.13 million deaths. Various government bodies imposed harsh lockdowns in trying to prevent the spread of the disease. While this condition mostly affects the lungs and causes pneumonia and acute respiratory distress syndrome, it also has a deleterious impact on cardiovascular disease. The impact of the COVID-19 pandemic on cardiovascular disorders has resulted in reductions and delays in recognizing therapies in the first half of 2020. After recovering from covid-19 ailments, important players and government bodies are now focusing on cardiovascular and other diseases. Furthermore, enhanced potential of medical device innovation will provide new opportunities for the expansion of the bioabsorbable stents market in the healthcare sector in the near future.
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Major Market Players Profiled in the Bioabsorbable Stents Market Report include:
Abbott
Arterius
BIOTRONIK
Boston Scientific Corporation
Elixir Medical Corporation
Lepu Medical Technology(Beijing)Co.,Ltd.
Meril Life Sciences Pvt. Ltd.
MicroPort Scientific Corporation
OrbusNeich Medical Company Limited
Q3 Medical Devices Limited
REVA Medical, LLC
S3V Vascular Technologies
Terumo Corporation
Other Market Participants
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Some Questions Answered in this Report:
Which regions will continue to remain the most profitable regional markets for Bioabsorbable Stents market players?
Which factors will induce a change in the demand for Bioabsorbable Stents during the assessment period?
How will changing trends impact the market?
How can market players capture the low-hanging opportunities in the Bioabsorbable Stents market in developed regions?
Which companies are leading the industry?
What are the winning strategies of stakeholders in the market to upscale their position in this landscape?
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Global Bioabsorbable Stents Market Segmentation:
By Product
Polymer-Based Stent
Metal-Based Stent
By Application
Coronary Artery Disease
Orthopedic Application
By End-User
Hospitals
Cardiac Centre
Others
By Region:
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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