Bioabsorbable Stents Market
Report ID: SQMIG35A2995
Report ID: SQMIG35A2995
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Report ID:
SQMIG35A2995 |
Region:
Global |
Published Date: February, 2025
Pages:
194
|Tables:
90
|Figures:
71
Bioabsorbable Stents Market size was valued at USD 2.79 Billion in 2024 and is poised to grow from USD 3.04 Billion in 2025 to USD 6.01 Billion by 2033, growing at a CAGR of 8.9% during the forecast period (2026–2033).
Several key factors driving the global bioabsorbable stents market growth include the high geriatric population, along with the increasing cases of cardiovascular disease. The growing requirement for treatment in patients suffering from coronary artery disease has resulted in an increased number of PCI procedures, thus higher adoption of bioabsorbable stents among patients and doctors. Further, rapid advancement in stent technology and increasing inclination toward minimally invasive procedures have further increased market growth. The development and production of bioabsorbable stents are being promoted through proactive initiatives from governments across the world, creating a favorable regulatory environment and promoting innovation. Unhealthy dietary habits and a sedentary lifestyle have resulted in increased cardiovascular diseases, thus propelling the need for advanced interventional solutions like bioabsorbable stents.
However, the market has its own set of challenges, such as the high costs of stent procedures and risks associated with bioabsorbable stents. If these challenges are not met with suitable solutions, it could hinder market growth. Contrarily, the growth of the market will be influenced by demographic trends, technological advancement, and government support.
Market snapshot - 2026-2033
Global Market Size
USD 2.56 billion
Largest Segment
Polymer-Based
Fastest Growth
Metallic
Growth Rate
8.9% CAGR
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Global Bioabsorbable Stents Market is segmented by Product Type, Absorption Rate, Polymer-Based Bioabsorbable Stents, Metal-Based Bioabsorbable Stents, Application and region. Based on Product Type, the market is segmented into Polymer-Based Bioabsorbable Stents and Metal-Based Bioabsorbable Stents. Based on Absorption Rate, the market is segmented into Slow-Absorption Stents and Fast-Absorption Stents. Based on Polymer-Based Bioabsorbable Stents, the market is segmented into PLGA (Poly (Lactic-Co-Glycolic Acid)) Stents, PGA (Polyglycolic Acid) Stents, PLLA (Poly (L-Lactic Acid)) Stents and Other Biodegradable Polymer Stents. Based on Metal-Based Bioabsorbable Stents, the market is segmented into Magnesium-Based Stents, Iron-Based Stents, Zinc-Based Stents and Other Metal-Based Bioabsorbable Stents. Based on Application, the market is segmented into Coronary Artery Diseases and Peripheral Artery Diseases. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material Type
As per the 2024 global bioabsorbable stents market analysis, the polymer-based segment dominated the market since these have better biocompatibility and gradual absorption within the body, thus eliminating long-term complications arising from permanent stents. Such advantages include increased flexibility and potential drug elution to prevent restenosis, making the stents more effective for use with coronary artery disease. In addition, with continuous advancements in polymer materials, the mechanical strength and controlled degradation rates are also enhanced, thereby further supporting clinical performance. This is the reason why clinicians are increasingly adopting polymer-based stents, and reliability, safety profile, and post-procedure risks minimization make them the fastest-growing area for adoption among clinicians.
The metallic category is going to grow with innovations in metal alloys and enhancements in engineering during the forecast period. Although polymer-based stents are dominating the market, metallic bioabsorbable stents are picking up rapidly because of superior radial strength and unique controlled degradation properties. Enhancements in surface modification and hybrid stent designs, combining the benefits of both metal and polymer, are further enhancing performance. Increasing clinical evidence of the safety and efficacy of metallic stents in diverse patient populations is driving wider adoption. With ongoing studies to better establish their features, the metallic market is going to experience great strides in the bioabsorbable stent market globally.
Analysis By End User
Based on the 2024 global bioabsorbable stents market forecast, the hospital segment led the market because most stent implantation procedures are done in hospitals. Hospitals are well-equipped with infrastructures, wide types of specialized services, and become the primary point of care for patients requiring any kind of coronary interventions. They provide broad-based diagnostic facilities, interventional cardiology units, and qualified medical teams capable of managing challenging cases in a systematic and effective way. The extensive networks of suppliers in hospitals as well make it easy to accept the new developments in the application of stent therapy. It is from these broad clinical backgrounds and with significant patient turnover that most bioabsorbable stents find application.
The specialized cardiac centers category is predicted to dominate the market in the future as they have focused expertise in cardiovascular care. These centers are heart-related condition-specific and provide advanced facilities designed specifically for advanced cardiac interventions. They can provide tailored treatment options and closely monitor patient outcomes with a concentration of highly skilled cardiologists and specialized interventional teams. Their commitment to the continuous innovation and research needed facilitates early adoption of bioabsorbable stent technologies. Additionally, these centers usually work in concert with academia and industry partners and therefore stay current with related clinical developments and ensure market growth by means of increased procedural success rates.
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North America happens to be the most prominent region in the bioabsorbable stents industry due to well-developed health infrastructure, with robust R&D investments and high adoption rates of innovative medical devices. This region is favored by a strong regulatory framework and an extensive presence of specialized cardiovascular treatment centers, which contributes to a huge volume of stent implantation procedures. The region is favored by the U.S. The Food and Drug Administration (FDA), has accelerated the approval and clinical application of bioabsorbable stents. The region also has significant investments in research and development, which continue to propel progress in bioabsorbable stent technology. All these factors have added up to the leadership of North America in market share and sustained influence in determining clinical practices and technological progressions in bioabsorbable stents.
Asia-Pacific is expected to be the fastest-growing region in the bioabsorbable stents market. The main growth drivers in this region are rapidly expanding healthcare infrastructure, rising investments in medical technology, and a growing prevalence of cardiovascular diseases. With improvement in economic conditions, access to advanced treatment options, and supportive government initiatives, the market is currently experiencing further growth. During the forecast period, tremendous growth is going to be witnessed since acceptance of innovative bioabsorbable stent solutions will further grow in the developed healthcare systems of the countries within this region.
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Bioabsorbable Stents Market Drivers
Advancements in Stent Technology
Increasing Healthcare Expenditure and Accessibility
Bioabsorbable Stents Market Restraints
Clinical Performance Issues
High Production Costs
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The global bioabsorbable stents market is highly competitive, partly due to significant investments in research and development and technological innovation. Abbott Laboratories, Boston Scientific, and Medtronic are among the foremost organizations that are optimizing device performance by means of strategic partnerships and advanced clinical trials. By emphasizing enhanced efficacy and safety, emerging actors are acquiring market share. Manufacturers are pursuing regulatory approvals, cost cutting, and global expansion in a diverse range of strong international markets, and as a result, competition overall is increased.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global bioabsorbable stents market outlook will witness a lot of potential, and this growth is primarily being fueled by the rising incidence of cardiovascular diseases, advancements in material science, and preference for minimal invasiveness. The polymer-based stents rule the market due to greater biocompatibility and controlled absorption. The metallic group is expected to grow at a rapid rate. Currently, the hospital segment is driving the market. In the future, though, the specialist cardiac centers will take precedence over it. There are a number of issues and challenges such as high production cost and clinical performance which need to be addressed to ensure proper improvement in drug eluting capabilities and new materials. It is going to be on an increasing phase because it has provided the facility for advanced treatments for coronary artery diseases.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 2.79 Billion |
| Market size value in 2033 | USD 6.01 Billion |
| Growth Rate | 8.9% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Bioabsorbable Stents Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bioabsorbable Stents Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bioabsorbable Stents Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bioabsorbable Stents Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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