Market growth of bioresorbable stents is attributed to the growing aging population susceptible to coronary and peripheral artery diseases, rising PCI procedures, increasing focus of companies on clinical trials of bioresorbable stents, increasing adoption of these stents by physicians and patients, and patients’ preference for minimally invasive therapies.
The global bioresorbable stents market is expected to reach USD 417.2 million by 2022 from USD 242.4 million in 2017, at a CAGR of 11.5% during the forecast period
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Companies are increasingly focusing on developing stents that are efficient, can be fully absorbed into the body, and can naturally restore the movement of the artery while healing it.
These stents are used for the treatment of coronary and peripheral artery disease. The strong pipeline of highly advanced products plays an important role in driving the growth of the bioabsorbable stents market.
The following are the major objectives of the study
- To define, describe, and forecast the bioabsorbable stents market on the basis of material, absorption rate, drug, end user, and application
- To provide detailed information regarding major factors influencing the growth of the bioabsorbable stents market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the overall
bioabsorbable stents market - To forecast the size of the market segments with respect to four main regions, namely, North America, Asia, Europe, and the Rest of the World (RoW)2
- To profile key players and comprehensively analyze their market shares and core competencies3
- To track and analyze competitive developments such as joint ventures, mergers and acquisitions; new product developments, expansions; and research and development activities in the bioabsorbable stents market
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