Biodegradable Stents Market, By Product Type (Coronary Stents and Peripheral Stents), By Material Type (Polymer-based Stents and Metallic Stents), By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Global Biodegradable Stents Market Regional Insights
North America: North America is the largest market for global biodegradable stents, which accounted for a share of over 45.0% in 2023. The rising geriatric population who are more prone to cardiovascular diseases as well as the growing prevalence of lifestyle diseases like diabetes are driving the demand for biodegradable stents in the region. Additionally, the advantages offered by biodegradable stents like eliminating the need for permanent implantations and removals are boosting their adoption over metallic drug-eluting stents.
Europe: Europe is the second-largest market for global biodegradable stents, which accounted for a share of over 30.3% in 2023. The European biodegradable stents market has been flourishing at a rapid pace owing to the rising awareness about the benefits of biodegradable stents. Moreover, growing awareness about the advantages of biodegradable stents, such as reduced long-term complications, are augmenting the demand of biodegradable stents.
Asia Pacific: Asia Pacific is the fastest-growing market for global biodegradable stents, which accounted for a share of over 20.4% in 2023. With rising incidence of cardiovascular diseases and increasing preference for minimally invasive procedures, the demand for biodegradable stents has been growing substantially across major countries in Asia Pacific such as China, India, Japan, and South Korea. Moreover, favorable government policies supporting biomedical research and development along with improving access to quality healthcare infrastructure have boosted the biodegradable stents market in Asia Pacific.
Geographies covered:
North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa
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