The Business Research Company’s latest report Bioabsorbable Stents Global Market Report 2020 covers Bioabsorbable Stents market drivers, Bioabsorbable Stents market trends, Bioabsorbable Stents market segments, Bioabsorbable Stents market growth rate, Bioabsorbable Stents market major players, and Bioabsorbable Stents market size. The report provides in-depth analysis of the impact of COVID-19 on the Bioabsorbable Stents industry, along with revised market numbers due to the effects of the coronavirus.
Bioabsorbable Stents Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global bioabsorbable stents market is expected to decline from $296.9 million in 2019 to $294.75 million in 2020 at a compound annual growth rate (CAGR) of -0.73%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The outbreak also restricted or postponed the non-emergency treatments for cardiovascular diseases impacting the market revenue. The market is then expected to recover and reach $408.92 million in 2023 at a CAGR of 11.53%.
The report covers the bioabsorbable stents market’s segments-
1) By Product Type: Polymer-Based Bioabsorbable Stents, Metal-Based Bioabsorbable Stents
2) By Absorption Rate: Slow-Absorption Stents, Fast- Absorption Stents.
3) By Applications: Coronary Artery Diseases, Peripheral Artery Diseases.
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