Global Bioabsorbable Stent Market analysis Report 2017-2023

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Global Bioabsorbable Stents Market Forecast
2017-2023
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Report Summary

• The global bioabsorbable stent market is expected
  to grow from 435 million in 2016 to 2,951
  million by 2023, at a CAGR of 31.9 between 2017
  and 2023.
• The base year considered for the study is 2016
  and the forecast period is between 2017 and 2023
• The tremendous growth of the market can be
  credited to the fact that new technological
  advancements are being done and which is a
  positive aspect for this growing market. 

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Market Insights

• The global bioabsorbable stents market is
  segmented on the applications including
  peripheral artery disease and coronary artery
  disease.
• Coronary Artery disease is expected to have
  highest CAGR during the forecast period. When
  arteries within the heart are blocked a coronary
  artery disease (CAD) occurs which can lead to a
  heart attack or chest pain.
• Peripheral artery disease problems are mostly
  related to limbs where narrowed arteries reduce
  blood flow to the limbs, this leads to leg pain,
  skin ulcer, poor hair and bluish skin.
• One of the major causes of peripheral disease is
  diabetes. Europe is a major shareholder in
  peripheral artery disease in bioabsorbable
  stents. Hospitals account for 64 i.e. the
  largest market share of bioabsorbable stents.

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Market Forecast
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Regional Insights

• Currently, Europe holds the largest share in the
  market in global bioabsorbable stents market.
• Increased healthcare expenditure, growing of aged
  population and increase in cardiac patients are
  some of the factors affecting the market growth
  in Europe.
• According to Eurostat, 19 of the total
  population in Europe are aged 65 years or over in
  2015 and will increase by 23 in a period of ten
  years.
• North America is the second largest market for
  bioabsorbable stents, which is mainly driven by
  growing number of diabetic patients in North
  America.
• United States is leading market in North America
  and will continue to dominate the region due to
  the presence of well-established hospitals,
  leading pharmaceutical companies, and highly
  advanced R D centers.

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absorbable-stents-market-forecast-2017-2023/
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