Market Dynamics of Bioabsorbable Stents Market in Upcoming Years

Drivers

• Rapidly Growing Geriatric Population and Increased Risk of CAD and PAD in the Elderly

• Strong Product Pipeline

Restraints

• Presence of Substitutes

Opportunities

• Emerging Markets to Offer High-Growth Opportunities for Market PartiCIPAnts

Challenges

• Product Withdrawals and Failures

• High Risk of Complications

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Geographically, the Bioabsorbable Stents Market is dominated by Europe, followed by North America. North American market is expected to grow at the highest CAGR of 46.1% during the forecast period. This growth can be attributed to due to the increase in aging population, unhealthy lifestyle habits, and the strong healthcare infrastructure in this market.

The bioabsorbable stent market has fewer numbers of players. Prominent players in the market include Abbott (U.S.), Elixir Medical Corporation (U.S.), Kyoto Medical Co. LTD. (Japan), Reva Medical Inc. (U.S.), Arterial Remodeling Technologies (France), Tepha Inc. (U.S.), Meril Life Sciences Pvt. Ltd. (India) among others.

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