Orion Market Research (OMR), recently published a market research report on the global bioabsorbable stent market. According to the OMR analysis, the global bioabsorbable stent market is growing at a CAGR of 6.8% during forecast period 2018-2023. The global bioabsorbable stent market has witnessed a significant growth due to increasing geriatric population base. The global bioabsorbable stent market is segmented on the basis of polymer type, drugs, applications, end users and geography. The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights.

Full report of global bioabsorbable stent market is available at: https://www.omrglobal.com/industry-reports/bioabsorbable-stent-market/



“Rising population pool with aged people is one of the major factors for the growth of bioabsorbable stent market. Ageing is associated with the damage to the cells at biological level. This factor weakens the immune system over time and ends the capacity of the body to repair itself, resulting in the increased risk of developing different diseases. The diabetes prevalence increases with increasing age. Diabetics are at increased risk of CVD. One in four adults with age 65 years and above in the US is diabetic. According to the Geriatric Research Education and Clinical Center in 2014, 40% of male and 34.4%% of female aged between 40 and 59 years had coronary heart disease in the US. While 70.2% male and 70.9% female of age between 60 and 79 years; and 83% of male and 87.1% of female with age more than 80 years had coronary heart disease.”

The market on the basis of geography is divided among four major regions which includes North America, APAC, Europe, and Rest of the world. North America has been dominating the bioabsorbable stent market due to highest healthcare spending, sophisticated healthcare system, and large pool of target population. Asia Pacific market is expected to have the highest CAGR amongst all regions during the forecast period of 2018-2023. The rise in the number of cardiovascular patient and increasing medical tourism in the APAC region, economic developments and government reforms, especially in countries such as China and India, are supporting market growth in this region.

About Orion Market Research

Orion Market Research (OMR) is an Indian research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company provides quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.

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