The global bioabsorbable stents market is expected to decline from $296.9 million in 2019 to $294.75 million in 2020 at a rate of -0.73%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The outbreak also restricted or postponed the non-emergency treatments for cardiovascular diseases impacting the market revenue. The market is then expected to recover and reach $408.92 million in 2023 at a rate of 11.53%.
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Bioabsorbable stents, also known as bioresorbable stents (BRS) or vascular scaffolds are coronary stents that can fully dissolve in the body. These biodegradable stents are used in percutaneous coronary intervention (PCI) procedures for providing structural support to the treated vessels and prevent acute recoil & restenosis. Bioabsorbable stents are commonly used in the treatment of heart diseases.
Global Bioabsorbable Stents Market Segmentation –
The bioabsorbable stents market covered in this report 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
Global Bioabsorbable Stents Market Drivers –
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.
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A Few Points From The Global Bioabsorbable Stents Market ToC
1. Executive Summary
2. Bioabsorbable Stents Market Characteristics
3. Bioabsorbable Stents Market Size And Growth
3.1. Global Bioabsorbable Stents Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Bioabsorbable Stents Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Bioabsorbable Stents Market Segmentation
5. Bioabsorbable Stents Market Regional And Country Analysis
5.1. Global Bioabsorbable Stents Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Bioabsorbable Stents Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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