World Bioabsorbable Stents Market to Post a 42.5% CAGR through 2021

London, United Kingdom, July 02, 2016 --(PR.com)-- TD The Market Publishers, Ltd. is glad to inform that a new report covering the worldwide bioabsorbable stents market can now be found in its online catalogue at MarketPublishers.com.

The research study expected that the value of the world bioabsorbable stents market will amount to USD 2.4 billion by 2021, witnessing a 42.5% CAGR over the period. The market growth is being fuelled mainly by the companies’ growing focus on clinical trials for bioabsorbable stents, advances in technology, rapidly ageing population, and patients’ favour for minimally invasive treatment modalities.

Meanwhile, the increased costs of these stents are amid the factors acting as stumbling blocks to the expansion and growth of the market moving forward.

As regard to material, polymer stents will likely show the most rapid growth in the offing owing to the different facts such as polymeric-based bioabsorbable stents embrace PLLA polymers that are bio-degradable by nature. These stents have a poly-D,L-lactide coating, enabling the controlled drug release.

By 2016-end, the slow absorbable stents segment is poised to grab the lion’s share of the absorption rate.

Europe currently dominates the market with a 60% share. North America’s market is set to grow exhibit the fastest CAGR of just over 46% over the next 6 years. This is due to a hike in population ageing, unhealthy lifestyles, and the secure healthcare infrastructure in this region’s market.

Read more at https://marketpublishers.com/report/industry/other_industries/bioabsorbable-stents-market-by-material-procedure-absorption-rate-drugs-application-end-user-global-forecast-to-2021.html