Asia-Pacific Region Emerges as Key Growth Area for Bioabsorbable Stents Market | To Reach $308.90 Million

A stent is a medical device which is inserted into the internal duct of the body for expanding the blood vessels and preventing the vessels from blockage. Bioabsorbable stents, also known as bioresorbable stents or naturally-dissolving stents, are made up of materials that get absorbed in the body and act by expanding the vessels or internal duct for clearing the blockage caused due to the deposition of plague. The global bioabsorbable stents market size was valued at $283.60 million in 2019, and is projected to reach $308.90 million by 2027, registering a CAGR of 5.6% from 2020 to 2027.

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COVID-19 Impact Analysis (Pre & Post) -

• Due to the Covid-19 outbreak, the need for bioabsorbable stents has surged to treat Covid-19 patients. On the contrary, the lockdown regulations and stringent regulations on import-export disrupted the supply chain and resulted in a hike in the prices of raw materials.

• Moreover, the prolonged lockdown has created a huge gap in demand and supply.

However, unlike metallic stents, which remain in the body permanently, bioabsorbable stents are designed to gradually dissolve over time. They are made from materials that are naturally broken down and absorbed by the body, such as polylactic acid (PLA) or polyglycolic acid (PGA). As the stent dissolves, it is gradually replaced by new tissue growth, which helps keep the artery open.

The bioabsorbable stents market is experiencing rapid growth driven by advancements in cardiovascular medicine and a shift towards minimally invasive treatment options. Bioabsorbable stents offer several advantages over traditional metal stents, including reduced risk of late stent thrombosis, elimination of long-term vessel scaffolding, and potential for vessel remodeling. These stents gradually dissolve in the body over time, allowing the artery to return to its natural state and reducing the need for long-term dual antiplatelet therapy.

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Important Key Market Players Are -

• Elixir Medical Corporation,
• Arterius Limited,
• Terumo Corporation,
• Arterial Remodeling Technologies,
• B. Braun Melsungen Ag,
• Boston Scientific Corporation,
• Biotronik Se & Co. Kg,
• Kyoto Medical Planning Co. Ltd,
• Microport Scientific Corporation,
• Reva Medical, Inc.

However, bioabsorbable stents also have some limitations and potential risks. They may not be as strong as metallic stents and may require more careful placement to prevent dislodgement or fracture. There may also be a higher risk of device-related complications during the period when the stent is breaking down. As with any medical device, the benefits and risks of bioabsorbable stents should be carefully weighed for each individual patient.

Key Findings of The Study -

• On the basis of biomaterial, the polymeric stents segment was the highest contributor to the bioabsorbable stents market in 2019.
• By application, the coronary artery disease segment was the highest contributor to the bioabsorbable stents market in 2019.
• According to end use, the hospital segment is anticipated to register fastest CAGR during the forecast period.

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Geographic Segments Covered in the Report -

The Bioabsorbable Stents Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

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