Global Biodegradable Stents Market to Reach $27.2 Billion by 2030
The global market for Biodegradable Stents estimated at US$3.3 Billion in the year 2023, is expected to reach US$27.2 Billion by 2030, growing at a CAGR of 35% over the period 2023-2030. Coronary Artery Stents, one of the segments analyzed in the report, is expected to record 34.8% CAGR and reach US$15.6 Billion by the end of the analysis period. Growth in the Peripheral Artery Stents segment is estimated at 35.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $834.5 Million, While China is Forecast to Grow at 42.9% CAGR
The Biodegradable Stents market in the U.S. is estimated at US$834.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.5 Billion by the year 2030 trailing a CAGR of 42.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.9% and 30.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 28.9% CAGR.
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