Bioabsorbable Vascular Stents Market drivers of growth analysed in a new research report

1. Bioabsorbable Vascular Stents Market growth outlook with industry review and forecasts: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Regional Analysis of Bioabsorbable Vascular Stents Market : • North America region dominates the global bioabsorbable stents market. Technological advancements and increased awareness about the treatment of coronary ailments in bioabsorbable stents support the growth of this market. The U.S. represents the largest market for bioabsorbable stents; however, due to the stringent regulatory scenario of the FDA, only one product (Abbott Absorb) is available in the U.S. However, many products are in the clinical pipeline and in the developmental phase, which is an indicator of bright future of this market. • Europe holds the second largest revenue share. Increasing aging population, unhealthy lifestyle habits, and the strong healthcare infrastructure are the major driving factors. Regions such as Germany, France, and the UK are some of the early adopters of advanced technology, therefore, the adoption of bioabsorbable vascular stents in these countries should be high resulting in the high growth of this market in coming years. • APAC bioabsorbable vascular stents market is poised to witness high growth rate in coming years. Increasing public awareness about various coronary and peripheral artery diseases in the region will primarily generate the demand for stents.

3. Application Analysis of Bioabsorbable Vascular Stents Market : • By application type, the market is segmented into coronary and peripheral artery stent. The coronary artery stents hold a major market share and are expected to continue their dominance in the coming years owing to the healthcare industry’s objective to reduce deaths due to cardiovascular diseases. Preferences of cardiologists toward coronary intervention procedures are expected to make significant revenue from this segment during the forecast period. • The rising incidence of peripheral artery disease propels the demand for peripheral stents. Escalating geriatric population is another factor responsible for the rise in demand for peripheral stents. The development of imaging techniques improved the surgeries involving the placement of peripheral vascular stents and owing to this, there will be an anticipated increase in stenting procedures. However, high price and low awareness of the peripheral stents among the general population about peripheral vascular diseases are expected to hamper the revenue growth.

4. Competitive Market Share of Bioabsorbable Vascular Stents Market : • Saudi Arabia and South Africa dominates the Middle East and Africa bioabsorbable vascular stents market. Increasing initiatives by the public and private sectors in South Africa along with the introduction of new stent products will fuel the bioabsorbable stents market growth in coming years. • Some of the key vendors in global bioabsorbable stents market are Medtronic, Abbott Laboratories, Boston Scientific Corporation, Biosensors International Group, Ltd., BIOTRONIK SE & Co., KG, Meril Life Sciences Pvt. Ltd., and Kyoto Medical Planning Co., Ltd.

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