Global Glufosinate Market Research Report 2016 Worldwide Biodiesel Market Expected To Grow At A C

Global Bioabsorbable Stents Market Expected To Reach USD$ 3.8
Billion By 2022
Date: 2016-09-18

The global Bioabsorbable
Stents market

is expected to reach $ 3.8 billion by 2022, at a CAGR of

45.6% from 2016 to 2022. Stents are commonly used in the
treatment of blocked arteries. They are tiny and expandable mesh
tubes that hold arteries open and help treat coronary and peripheral
artery diseases. Bioabsorbable stents are defined as fully
biodegradable stents that completely disappear overtime.
The bioabsorbable stents market is segmented on the basis of Material, absorption rate,
application, end user, and region. Based on material, the market is segmented into polymer
stents, and metallic stents. The polymer stents segment is expected to grow at the highest
CAGR due to the various facts such as polymer-based bioabsorbable stents comprise PLLA
polymers that are naturally biodegradable. These stents have a polymer coating of
poly-D,L-lactide, which enables the controlled release of various drugs.
North America dominates the global bioabsorbable stents market owing to the increased
awareness about the important role played by bioabsorbable stents in the treatment of
coronary ailments in the region. In addition, technological advancements in bioabsorbable
stents products is also supporting in the growth of this market in North America. The U.S.
represents the largest market for bioabsorbable stents, followed by Canada, in North
America.
In Europe, Germany, Italy, the U.K., and France holds major shares of the bioabsorbable
stents market.
However, Asia is expected to exhibit a high growth rate in the next five years in the global
bioabsorbable stents market given the increasing public awareness about various coronary
and peripheral artery diseases in the region. Japan, China, and India are expected to be the
fastest growing bioabsorbable stents markets in Asia.