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Bioabsorbable Stents Market Report 2024-2033: Market Size, Share, Analysis, Growth Drivers And Overview | Abbott Laboratories, REVA Medical Inc., Elixir Medical Corporation, Biotronik SE & Co. KG, Amaranth Medical Inc
Bioabsorbable Stents Market
The Business Research Company's Bioabsorbable Stents Global Market Report 2024 identifies Increasing cardiovascular diseases as the major driver for the Bioabsorbable Stents market's growth in the forecast period. Cardiovascular disorders are the leading cause of death across the world and 4 out of 5 cardiovascular deaths are caused by strokes and heart attacks. Moreover, one-third of such deaths occur prematurely in people under the age of 70. Bioresorbable stents are built primarily to reduce these risks of late complications, such as scaffold thrombosis or restenosis, that can happen when a conventional metal stent's rigid metal backbone remains permanently rooted in the diseased vessel.
The bioabsorbable stents market size has grown rapidly in recent years. It will grow from $0.35 billion in 2023 to $0.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to rising prevalence of cardiovascular diseases, growing demand for minimally invasive procedures, increasing awareness of bioabsorbable stents, rising disposable incomes, industry investments. The bioabsorbable stents market size is expected to see strong growth in the next few years. It will grow to $0.55 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%.
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Major competitors in the Bioabsorbable Stents market are Abbott Laboratories, REVA Medical Inc., Elixir Medical Corporation, Biotronik SE & Co. KG, Amaranth Medical Inc.
A key trend in the Bioabsorbable Stents market includes innovating new technologies. Major companies operating in the bioabsorbable stents market are innovating new technologies such as Orsiro Mission bioabsorbable polymer drug-eluting stent system (BP-DES) to increase their profitability in the market.Orsiro Mission bioabsorbable polymer drug-eluting stent system (BP-DES) is a medical solution for addressing coronary artery disease. For instance, in April 2023, Biotronik, a Germany-based medical device manufacturer, launched Orsiro Mission bioabsorbable polymer drug-eluting stent system (BP-DES) in Canada. This system is intended to increase the diameter of coronary arteries in patients with conditions such as diabetes mellitus and other related diseases.
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The Bioabsorbable Stents market is segmented -
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
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bioabsorbable Stents market.
The Business Research Company's "Global Bioabsorbable Stents Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioabsorbable Stents Market Include:
1. Executive Summary
2. Bioabsorbable Stents Market Characteristics
3. Bioabsorbable Stents Market Trends And Strategies
4. Bioabsorbable Stents Market - Macro Economic Scenario
5. Global Bioabsorbable Stents Market Size and Growth
……
31. Global Bioabsorbable Stents Market Competitive Benchmarking
32. Global Bioabsorbable Stents Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bioabsorbable Stents Market
34. Bioabsorbable Stents Market Future Outlook and Potential Analysis
35. Appendix
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