The global Bioabsorbable Stents market is anticipated to grow at a CAGR of 11.5% during the forecast period (2021-2027). The key factor driving the growth of the market is the increasingly high rate of obesity in various countries that are giving rise to the risk of heart failure or cardiac arrest among the people. For instance, as per data from the Framingham Heart Study, an increase in Body Mass Index (BMI) of 1 kg/m2 increases the risk of heart failure by 5% in men and 7% in women. Also, according to studies on heart failure, 32%–49% of people suffering from heart failure are obese, while, 31%–40% are overweight. The period of severe obesity is closely related to the growth of heart failure: after 20 years of obesity, the prevalence of heart failure rises by 70%, and after 30 years, it rises by 90%.
Browse the full report description Global Bioabsorbable Stents Market Size, Share & Trends Analysis Report by Polymer Type (Poly (L-Lactic Acid) PLLA, Tyrosine Polycarbonate Polymer, Poly (Caprolactone) (PCL), Poly (Anhydride Ester) Salicylic Acid) By Application (Coronary Artery Diseases, Peripheral Artery Diseases, and others) By End-User (Hospitals, Cardiac Centers, and Others) Forecast, 2021-2027 at https://www.omrglobal.com/industry-reports/bioabsorbable-stents-market
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in September 2020, Abbott Laboratories Inc announced that the LIFE-BTK clinical trial has officially started to assess the safety and efficacy of the company's new Esprit BTK Everolimus Eluting Resorbable Scaffold System. This will be the first Investigational Device Exemption (IDE) trial in the US to assess a fully bioresorbable stent to cure blocked arteries below the knees, also known as critical limb ischemia (CLI), in patients with advanced peripheral artery disease (PAD). The device creates a strong scaffold structure and delivers anti-proliferative drugs before dissolving and not disrupting with future interventions, surgery, or imaging.
Market Coverage
o By Type
o By Application
o By End-User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Bioabsorbable Stents Market Report Segment
By Polymer Type
By Application
By End-User
Global Bioabsorbable Stents Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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