„Bioabsorbable Stents Market by Material (Polymer / Metal), Absorption Rate (Slow, Fast), Application (Coronary Artery Disease / CAD, Peripheral / PAD) & End User (Hospital, Cardiovascular Center) – Global Forecasts to 2022“ ,
The global bioresorbable stents market is expected to reach $ 417.2 million by 2022 from $ 223.6 million in 2016, at a CAGR of 11.5% during the forecast period 2017-2022
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Physicians and patients, and adoption of Minimally Invasive Therapies, are increasing the adoption of PCIs, increasing the focus on the clinical trials of Bioresorbable Stents ,
Bioresorbable polymer-based stents projected to grow to the highest CAGR
Based on material, Bioabsorbable Stents Market is segmented into bioresorbable polymer-based stents and bioresorbable metallic stents. The bioresorbable polymer-based stent segment is expected to grow to the highest CAGR during the forecast period. Stents and approvals are granted for polymer-based stents across various regions
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Based on applications, the coronary artery diseases are expected to dominate the Bioabsorbable Stents Market in 2017
Based on application, Bioabsorbable Stents Market is segmented into coronary artery diseases and peripheral artery diseases. In 2017, coronary artery diseases accounted for the largest share of the market. The concept of coronary artery disease and the adoption of the concept of coronary artery disease
Europe to Dominate Bioabsorbable Stents Market during the forecast period
In 2017, Europe is expected to register for the largest share of the Bioabsorbable Stents Market . The majority of the European market is attributed to the factors in which it is applied. In 2017, Asia is expected to hold the second largest share of this market. Factors such as, increasing industrial development, rising disposable income, burgeoning aging population with changing lifestyle (which have increased the prevalence of CAD), and the higher prevalence of diabetes are important factors to fuel the market growth in this region.
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The Bioabsorbable Stents Market is a niche market with the presence of several emerging players and a few big players. Prominent players in the market include Abbott (US), BIOTRONIK SE & Co. KG (Germany), REVA Medical, Inc. (US), Elixir Medical Corporation (US), and Kyoto Medical Planning Co., Ltd. (Japan).
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