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Global Bioabsorbable Stent Market Analysis 2017-2023

Bioabsorbable Stents Market Research Report by Inkwood Research Report is segmented by Region (North America Bioabsorbable Stents Market, Europe Bioabsorbable Stents Market, Asia-Pacific Bioabsorbable Stents Market, and Rest of the World Bioabsorbable Stents Market) Forecast and analysis 2017-2023

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Global Bioabsorbable Stent Market Analysis 2017-2023

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  1. Global Bioabsorbable Stents Market Forecast 2017-2023

  2. 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. 

  3. 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.

  4. Market Forecast

  5. 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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  7. About Inkwood Research Inkwood Research specializes in syndicated research reports, customized research reports and consulting services. We offer market intelligence studies across a range of industries including Technology, Chemicals, Materials, Healthcare and Energy. With 20 years of research experience, we ensure you efficient deliverables with global and country industry knowledge and research expertise. Our analysis covers North & South America, Europe, CEE, CIS, Middle East, Africa and Asia. Contact Us Call Us : +1 857-302-4704 https://www.inkwoodresearch.com/ Email : sales@inkwoodresearch.com

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